Babson New Tech Ventures Class: Adventures in Launching Tech Ventures

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