52. good idea for
everyone
looks bad idea
but good idea
Your
start-up
idea
Copyright 2017 Masayuki Tadokoro All rights reserved
誰が聞いても
良いアイディア
一見悪そうだけど
良いアイディア
(ただし他の人も知っている)
99%の人から
見たらUnsexy
実はSexyな
アイディア
Startup Science 2017 (前半)
53. 質問
❓
Copyright 2017 Masayuki Tadokoro All rights reserved
ほとんどの人からみたらUnsexyだが、
実は、とても重要な課題を解決しようと
しているサービス/プロダクトはありま
すか?
Startup Science 2017 (前半)
84. 物流網を構築して、
商品を届ける
looks bad idea
but good idea
他人を雇って
グロッサリー
ショッピングを
してもらう
Copyright 2017 Masayuki Tadokoro All rights reserved
誰が聞いても
よいアイディア
一見悪そうだけど
良いアイディア
(ただし他の人も知っている)
99%の人から
見たらUnsexy
実はSexyな
アイディア
Startup Science 2017 (前半)
166. 質問
❓
Copyright 2017 Masayuki Tadokoro All rights reserved
うまくいかなかったサービス/Productの中で
、時期が早すぎたものはありますか?
逆に時期が遅すぎたものはありますか?
Startup Science 2017 (前半)
Editor's Notes
How to start a startup
You can change the world to better place with your startup
93% of startup fail
Question:
What are the reasons of startup failure?
There is only one reason:
you don’t make something people want
“Make something people want”
What is Y-combinator
The world greatest start-up incubator located in Mountain View, Silicon Valley
Y-c generated 842 startups so fa; 100 exits and the combined valuation of Y-C startup exceeds 70 billion USD
http://jp.techcrunch.com/2015/03/18/20150317y-combinator-talks-numbers-842-companies-funded-to-date-23-women-in-current-batch/
たとえば、Dropbox, Airbnb, Stripe, Instacart
With start-up, you go through J-curve
After PMF
Before PMF
Only 7% achieve PMF,
93% die before PMF
fab.com collected 336 million;
they spent more than half.
They sold company with 15 million valuation.
fab.comはPremature scaleでダメになった。
http://www.businessinsider.com/how-billion-dollar-startup-fab-died-2017-2
336億円調達して、200億をburnしたが、
ビジネスモデルを証明することができなかった・
competitionがいる領域で勝負しようとした。(Robustnessが必要になった)逆説的だが、資金調達をしすぎて失敗した
Before we establish business model,
we spent 70 million for Europe launch,
tens of million for marketing and
15 million for non-used warehouse investment
Fab sources estimate that moving into Europe prematurely cost the company $60-$100 million. There were too many employees and not enough sales generated. Streamlining the businesses was difficult; there was no US playbook to hand over to Europe. Additionally, Fab spent $12 million signing a 10-year lease on a warehouse there that eventually closed.
"We were across 32 categories, shipping jewelry to furniture," a former Fab employee recalled. "We sold first, then we took inventory, then we sold and developed our own products. We had all kinds of challenges across all of that, and we had to do it quickly."
"Jason had this hunger to get bigger and do more and take on Amazon, even though our customer base loved Fab because it was curating interesting design products ... He was just like, 'I want more stuff' for the sole reason that he wanted to be more like Amazon."
Read more: http://www.businessinsider.com/how-billion-dollar-startup-fab-died-2015-2#ixzz3cRjBHFri
Ben Narasin
General Partner, Canvas Ventures
There is no silver bullet to achieve Product-market-fit
However, you can reduce failure risk by obtaining know-hows and knowledge
Theme of the day
To learn steps to build up successful start-ups
*I can not guarantee, but I’ll do my best
About me
Masa Tadokorko
Serial Entrepreneur
Masa has extensive experience in start-up; 3 start-ups in Japan and 1 start-up in Silicon Valley. Currently, he runs start-up in Japan
Venture Capitalist
Masa is a partner of Fenox VC; he is in-charge of start-up investment in Japan and South East Asia.
Lecturer
Masa was in-charge of Venture Finance in Waseda Univ. MBA.
What is good startup idea
Does the issue really exist?
Do you provide solution to the issue?
Does product have market?
Formulating team to grow
https://www.youtube.com/watch?v=qAws7eXItMk
https://www.youtube.com/watch?v=qAws7eXItMk
https://www.youtube.com/watch?v=qAws7eXItMk
seedの段階
know your stage is very important
ステージを理解することによって、Premature scalingを避けることができる
There is only one reason:
you don’t make something people want
What is good startup idea
Does the issue really exist?
Do you provide solution to the issue?
Does product have market?
Formulating team to grow
https://www.youtube.com/watch?v=qAws7eXItMk
https://www.youtube.com/watch?v=qAws7eXItMk
Question: What is good business idea?
Good business idea: Focusing on issues not solutions
There are many business ideas.
Quality of solution
Quality of issue
ほとんどが、バリューのあるアイディアではない
Path to find good business idea:
verify the quality of issues first
then, verify the quality of solution
There is no such path that you find good solution then find good issue
Exercise
Looking back your career, write something which you have domain expertise which other people typically do not have
Write one thing you are struggling with the area that needs to be improved
There is no such path that you find good solution then find good issue
Quality of issue you can discover depends on your expertise, industry knowledge and knowledge on how the particular market is evolving
What is good idea?
How crazy is your idea?
You should know what most of people don’t know
・99%の人から見たらあまり、セクシーではないが、1%のひとからみたらセクシーである
Exercise
Looking back your career, write something which you have domain expertise which other people typically do not have
Write one thing you are struggling with the area that needs to be improved
http://jp.techcrunch.com/2016/02/04/dfree/
Key to success is your secret
To develop long-lasting mobile battery is good idea; good idea to
everyone’s eyes. Therefore it is not good start-up idea
For start-up, to find and to do hard things are the short path
Criteria of craziness of idea:
Do you hesitate to talk the idea to someone?
https://www.dia.co
Idea craziness:
Biggest unfair advantage of start-up
http://astroscale.com/services/adras-1
マーケットがないからやる
AirBnB looked very bad idea it the beginning
On-demand glossary delivery service; shopper will bring glossary with 2 taps of screen
Instacart was chosen by Forbes magazine as most promising start-up in 2017
Apoorva Metha, founder of Instacart, was developer of Amazon warehouse system, Amazon fulfillment service
“Glossay shopping was very painful;I always thought if somebody else would have done for me”
Apoova suggested Instacart model to Amazon management.
However, it was turned down since it will deny the investment Amazon made, i.e. logistics system and warehouses
The biggest threat to retail stores/super makes is amazon.com
アマゾンの売り上げが増えると、
小売の売り上げは落ちてしまう
またその逆もしかりだった。
Instacart is the best partner to local retail store and supermarket
Looks good at first glance.
Like SNS for pets, looks-like-good-idea actually is bad idea; somebody else have already tried it and failed
Too niche
Creating something you want to build, not something you want
https://hackaday.io/project/4716-control-things-with-your-muscles
Issues based only on assumption
http://tech.eu/features/4346/kolos-kickstarter-story/
When I first came up with the idea, I didn’t own a tablet, nor was I actively playing racing games on any platform. Guess what the very first thing I did with the money was? I actually bought an iPad and installed a few tilt games. I was never solving a problem I had myself, which naturally involved a huge chance of building the wrong product.
Idea generated from analysis
分析から生まれたアイディアである
エステ専門のクーポンサイト
Too fierce competition
http://venturebeat.com/2014/04/16/argyle-social-is-no-longer-in-fashion-startup-shuts-down-exclusive/
https://pairpair.info/contents/failure
You cannot explain with one sentence
https://medium.com/@andershsi/3-reasons-why-my-tech-startup-failed-fa19919a565a
https://pairpair.info/contents/failure
What you should consider
Ask yourself:
“If some genius out there will create some solution just for you,
what that would be?”
Brian Chesky, founder of Airbnb, started the service in order to solve his issue i.e.he can not pay rent though he has empty room in his apartment
The best issues you should take on is something you are personally struggling with
Exercise
Looking back your career, write something which you have domain expertise which other people typically do not have
Write one thing you are struggling with the area that needs to be improved
https://www.youtube.com/watch?v=qAws7eXItMk
Start-up meta principle
・Do not start a start-up for start-up sake
・Know differences between start-ups and small businesses
・Unlearn the common sense of regular corperate
・Doing start-up is counterintuitive
What are the differences between Start-up and small business
Start and up
To grow rapidly
http://f.fastcompany.net/multisite_files/fastcompany/imagecache/1280/fc_files/2011/1781979-new-facebook-timeline-is-all-about-discovery-and-explosive-revenue-growth--rotator.jpg
Start-up should be designed to grow rapidly.
It is not start-up if the company does not grow rapidly though
it has high technology, funded from VCs or has exit strategy
Traction P4より
Start-up grow rapidly (J-curve)
Small business is with incremental growth
Start-up founders should say “No” to 97% things
Activities considered as good for regular companies, are
regarded as unnecessary ones; in many case they are deemed as bad activities.
Question: what are these activities?
Create detail business plan
Develop product with detail specification document
Stick to 1st business model
Pay too much attention to competitors
差別化を意識しすぎると、人がまず何を欲しがっているか?
という発想がななってしまう
Try to create precise financial projections
ラフなプロジェクションは良いが、正確なものはつじつまあわせになるのでむしろ弊害である
Try to create impeccable account report
レポートをするためにスタートアップをやるのではない、
年度末の会計処理は必要だが、最初からリソースをかけてやるべきではない
Sharing too much equity to VCs/Angels than founder members
創業者でなく、VCに株を渡しすぎる
http://blog.samaltman.com/the-post-yc-slump
To become expert of customer issue and make something customer wants
一番大事なことはfocusすること
Startup should look fragile
HPガレージ、Start-upに立派なオフィスは必要ない
Microsoft in 1975
最初はもろくみえることが重要、強固にみえるようにするためにリソースを費やしてはダメである。
Startup is counterintuitive
Start up is different game which you are getting use to
Unlearn the game you are fulfilling “right” answers to mark sheet
Unlearn the game where you are trying to get highly evaluated by reporting to your boss based on their expectations
Unlearn games where you are trying to be liked by many people
Unlearn games you are improving incrementally
Unlearn game you are trying to win competition
Unlearn game you are burning budget within given period of time
リスクが多い
リスクが多い
https://www.youtube.com/watch?v=qAws7eXItMk
Which one is the most important factor when you do startup?
Timing is the biggest key for success
http://www.ted.com/talks/bill_gross_the_single_biggest_reason_why_startups_succeed#t-216631
he single biggest reason why startups succeed
Success of startups are depending on five factors;
idea, product, team, execution and timing
http://genius.com/Sam-altman-lecture-1-how-to-start-a-startup-annotated
Why do you do that start up now?
Why not two year from now, why not two years ago?
Target market keeps evolving;
the industry ecosystem keeps getting more
efficient; you can achieve more and more
with less and less resources
Exercise
Looking back your career, write something which you have domain expertise which other people typically do not have
Write one thing you are struggling with the area that needs to be improved