Date post: | 22-Jan-2018 |
Category: |
Small Business & Entrepreneurship |
Upload: | david-chang |
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BABSON NEW TECH VENTURES Adventures in launching tech ventures
David Chang Entrepreneur & Angel Investor @changds
MyJourney
Starting a Tech Venture
Lessons Learned
$ 1 1 0 M $ 2 1 0 M $ 2 7 0 M $ 1 3 5 M
Direct Via Syndicate/Fund
ANGEL INVESTMENTS
Building
Investing
Connecting
Starting a Tech Venture
1.10 ^ 12 = 3.11.01 ^ 365 = 37.8
FOCUS PIVOT
David Chang, startup evangelist, parts ways with Boston’s PayPal office after shakeup
David Chang out as head of PayPal's
Boston office
Do you need to be technical to start a tech venture?
Feasible
Viable
Desirable
Feasible
ViableDesirable
WHERE TO FIND TECHNICAL CO-FOUNDERS
• Student groups, meetups (part-time)
• Industry
• Veterans in between gigs
• Open to moonlighting (part-time)
• Freelancers – see startup resources list
Lessons Learned
Career Tips
START OR JOIN A COMPANY
PEOPLE BONDS > COMPANY BOUNDARIES
EngineerProduct
Management
MarketingInvestor
Corporate Development
Business Development
EXPAND YOUR SKILLS
Function
Size
WHAT ROLE FITS BEST?Location
Industry
Founders Tips
IDEAS ALONE ARE WORTHLESS
DON’T GO SOLO
FIND THE RIGHT CO-FOUNDERS
FUNDRAISING SWEET SPOT
SHOW MILESTONES THAT DE-RISK
See www.techcrunch.com/2015/06/24/running-out-of-money-isnt-a-milestone
Team
Product Development
Market Demand
Product / Market Fit
Business Model
Execution
WORK THE NETWORK
Q&A
David Chang @changds