Book DescriptionStart strong with essential early-stage guidance from the VC perspective
Startup Opportunities is the go-to guide for anyone with a great business idea. Whether it's your first business or your fifth, realistic assessment from the outset can save you a lot of time and money; why pour your heart and soul into a venture that is doomed to fail? Instead, position yourself to win from the very beginning. In this book, accomplished venture capitalists share their insight on startups and entrepreneurs: who will fail, who will succeed and why, and what you should do to give your business the very best shot at becoming a global success story. You'll learn how to evaluate your business with a critical eye, and how early customer development can be key in turning a good idea into a great opportunity. If you're serious about building a business that lasts, this book provides invaluable guidance that you really cannot miss.
More than five million people will launch a business this year, and many of them will be great ideas—yet few will be around in five years, and even fewer in ten years. A great idea is not enough to build a successful business. You need to fortify your idea with the proper foundation, and a scaffolding of good planning and early action. This book shows you how.
- Assess your business's viability using the 10x Rule
- Learn when you can quit your day job—or not
- Take the key steps to making your business succeed
- Discover the opportunities worth selling everything for
This expert author team has witnessed more than 30,000 pitches over two decades, and have participated in over 500 startup launches. Startup Opportunities gives you the benefit of their experience to help you start strong and stay strong.
Table of Contents
- Trust Me, Your Idea Is Worthless
- Chapter 1 What Is a Startup?
- Chapter 2 The Democratization of Startups
- Chapter 3 Opportunities
- Chapter 4 Approaches to Opportunity Evaluation
- Chapter 5 People
- Chapter 6 Pain
- Chapter 7 Product
- Chapter 8 Market
- Chapter 9 Plan
- Chapter 10 Pitch
Chapter 11 Raising Money
- Building a Relationship with a Potential Investor
- Who Makes the Ask?
- Use of Proceeds
- Raise the Least Amount of Money to Get to the Next Level
- Ask for Money from the Right Kind of Investor
- Raise Money When It’s Available
- You Aren’t an Exception
- Why Anything Other Than a Yes Is a No
- Be Realistic about Your Valuation
- Even Angels Have Investment Committees
- Chapter 12 Pitfalls
Chapter 13 Don’t Quit Your Day Job If You Aren’t . . .
- Passionate about the Space
- Able to Execute the Solution
- Certain That the Problem Is a Need (as Opposed to a Want)
- Certain That the Problem Is Shared by a Large (and Growing) Market
- Able to Offer a Solution That Is 10× Better Than Anything Else in the Market
- Ready to “Burn the Ships”
- Able to Access Potential Customers
- Able to Spend Six Months without Personal Income
- Able to Garner Enough People, Users, and Money to Create a Minimum Viable Product
- Prepared to Get into the Weeds and Do the Grunt Work
- About the Authors
- Excerpt from Brad Feld's Venture Deals, Third Edition
- Title: Startup Opportunities, 2nd Edition
- Release date: May 2017
- Publisher(s): Wiley
- ISBN: 9781119378181