Do I Need a Tech Cofounder
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This document discusses when a startup may or may not need a technical cofounder. It identifies three types of startups: those where the technology is the product, those where technology enables the business, and those where technology is leveraged. It recommends that for the type of startup being built, founders should focus on mitigating their biggest risk of either technical execution or validating the market. The document then provides suggestions for where technical cofounders might be found such as engineering schools, referrals, technical conferences, design agencies, or contracting individuals.
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Do I Need a Tech Cofounder
- 1. Do I Need a Technical Cofounder? Alan Chiu Partner, XSeed Capital Stanford GSB MSx 2011 @alanchiu Stanford Graduate School of Business October 22, 2015 1
- 2. Stanford Graduate School of Business 2 Flickr:swleuven https://flic.kr/p/mTW6kt What type of startup are you building?
- 3. Stanford Graduate School of Business 3 Technology as a Product
- 4. Stanford Graduate School of Business 4 Yes
- 5. Stanford Graduate School of Business 5 Technology-Enabled Business Flickr:juggernautco https://flic.kr/p/nARavn
- 6. Stanford Graduate School of Business 6 Maybe Flickr:juggernautco https://flic.kr/p/nARavn
- 7. Stanford Graduate School of Business 7 Technology-Leveraged Business Flickr:joelmann https://flic.kr/p/w2fcz
- 8. Stanford Graduate School of Business 8 No Flickr:joelmann https://flic.kr/p/w2fcz
- 9. Stanford Graduate School of Business Focus on mitigating your BIGGEST risk. Flickr:carnagenyc https://flic.kr/p/nA4Ec4
- 10. Stanford Graduate School of Business Technical Execution Market Flickr:carnagenyc https://flic.kr/p/nA4Ec4
- 11. Stanford Graduate School of Business 11 flickr:acousticskyy https://flic.kr/p/6yELkX Where to Find Technical Cofounders
- 12. Stanford Graduate School of Business 12 flickr:acousticskyy https://flic.kr/p/6yELkX Engineering Schools
- 13. Stanford Graduate School of Business 13 flickr:acousticskyy https://flic.kr/p/6yELkX Referrals
- 14. Stanford Graduate School of Business 14 flickr:acousticskyy https://flic.kr/p/6yELkX Technical Conferences
- 15. Stanford Graduate School of Business Design/Dev Agencies Contractors DIY Flickr:tsevis https://flic.kr/p/o2vnD6
- 16. Stanford Graduate School of Business 16 flickr:deanhochman https://flic.kr/p/f7JZuc Know Your Type Know Your BIGGEST Risk Never Get Stuck
- 17. Do I Need a Technical Cofounder? Alan Chiu Partner, XSeed Capital Stanford GSB MSx 2011 @alanchiu Stanford Graduate School of Business October 22, 2014 17
Editor's Notes
- The answer is: ? It depends! We’ll walk through a number of scenarios to help you figure out what your answer is, and suggestions for an action plan.
- What type of startup are you building?
- Is your product fundamentally a technology product? Examples: Apple – computers Cisco – networking equipment Vmware – server virtualization Palo Alto Networks – firewall Tableau – data visualization tool. How many of you have heard of Tableau btw? $6B market cap founded by Stanford team in 2003 – Prof. Pat Hanrahan, his PhD student Chris Stolte, and GSB student Christian Chabot. Impossible Foods
- Is your product fundamentally a technology product? Examples: Apple – computers Cisco – networking equipment Vmware – server virtualization Palo Alto Networks – firewall Tableau – data visualization tool. How many of you have heard of Tableau btw? $6B market cap founded by Stanford team in 2003 – Prof. Pat Hanrahan, his PhD student Chris Stolte, and GSB student Christian Chabot. Impossible Foods
- Where your core value prop is enabled by technology, but your customers do not consumer the technology directly. Examples: Uber, Lyft, Airbnb, Amazon (the bookseller)… “Software-eating the world”
- Where your core value prop is enabled by technology, but your customers do not consumer the technology directly. Examples: Uber, Lyft, Airbnb, Amazon (the bookseller)… “Software-eating the world”
- Your business is possible without the latest technology, but is made more efficient by it. Examples: - Starbucks
- Your business is possible without the latest technology, but is made more efficient by it. Examples: - Starbucks
- … from engineers, CTOs, researchers, data scientists...
- Tell Vu’s story
- Tell Vu’s story