June 2008
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Web entrepreneur Jason Calacanis gave what looks like a very interesting talk at CeBIT Sydney circa May 12-14. He recently posted a Slideshare version and 3-part YouTube video.
That's great, but I also like to see everything on one page. Here 'tis.
Copyright 2008 by Jason Calacanis; used without permission. (I'm working on it.)
Additional formatting by Scott Lawton.
Going Big
The three most important factors in predicting the next big thing
What makes a great company
- The Market
- The Team
- The Execution
1. What makes a great market
- Under serviced
- Growing
- Highly fragmented
2. What makes a great team
- Hungry
- Passionate
- Domain expertise
3. What makes execution great
- Bold ideas
- Culture of innovation
- Quick iteration
- Listening
- Repeat
What makes a great ecosystem
- Capital
- Climate
- Culture
- Universities
- Supportive press
Execution and Team for Search:
Ask, Yahoo, Google
Ask, Yahoo, Google
(image omitted, see slide 30)
Execution and Team for Social Networks:
friendster, LinkedIn, MySpace, Facebook
friendster, LinkedIn, MySpace, Facebook
(image omitted, see slide 35)
Why startups fail
- Bad idea
- Bad execution
- Outside factors
1. Common bad ideas
- Defining your market
- Lack of listening
- “Gotcha” culture
- Preconceived notions
2. Common bad execution
- Taking on too much
- Design by committee
- Poor craftsmanship
- Lack of iteration
3. Common outside factors
- Competitors
- Disruptive technologies
- Improper Capitalization
- Timing
Jason’s big secret
- Find a really nice hill
- Imagine it 10x bigger
- Imagine it 10x bigger than that
- Assume it will happen
- Build a plan on that outcome
Jason’s other big secret
- Fail fast
- Argue all sides
- Fire good people
- Reward obsessive behavior
- Hire slow / Fire fast
- Sales solve everything
- Engage your haters
Silicon Alley Reporter
1996-2003
- Built a 16 page newsletter
- Became a magazine
- Became a 300 page magazine
- Didn’t assume it would happen
- Didn’t build a plan
Weblogs, Inc.
2004-2006
- Built a 100 blog network
- Assumed it would happen
- Sold after 18 months
- Grew 8x post acquisition
Mahalo
2007-Present
- Building a human powered search engine
- Assuming it will work
- Built five-year plan
- Raised capitol to match plan
- Will let you know in 2012 :)
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