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Going BigThe three most important factors in
predicting the next big thing
What makes a great company
What makes a great company
1. The Market
What makes a great company
1. The Market
2. The Team
What makes a great company
1. The Market
2. The Team
3. The Execution
What makes a great market
What makes a great market
1. Under serviced
What makes a great market
1. Under serviced
2. Growing
What makes a great market
1. Under serviced
2. Growing
3. Highly fragmented
What makes a great team
What makes a great team
1. Hungry
What makes a great team
1. Hungry
2. Passionate
What makes a great team
1. Hungry
2. Passionate
3. Domain expertise
What makes execution great
What makes execution great
1. Bold ideas
What makes execution great
1. Bold ideas
2. Culture of innovation
What makes execution great
1. Bold ideas
2. Culture of innovation
3. Quick iteration
What makes execution great
1. Bold ideas
2. Culture of innovation
3. Quick iteration
4. Listening
What makes execution great
1. Bold ideas
2. Culture of innovation
3. Quick iteration
4. Listening
5. Repeat
What makes execution great
1. Bold ideas
2. Culture of innovation
3. Quick iteration
4. Listening
5. Repeat
What makes a great ecosystem
What makes a great ecosystem
1. Capital
What makes a great ecosystem
1. Capital
2. Climate
What makes a great ecosystem
1. Capital
2. Climate
3. Culture
What makes a great ecosystem
1. Capital
2. Climate
3. Culture
4. Universities
What makes a great ecosystem
1. Capital
2. Climate
3. Culture
4. Universities
5. Supportive press
Team
Exec
utio
nSearch
Team
Exec
utio
nSearch
Ask
Team
Exec
utio
nSearch
Ask
Yahoo
Team
Exec
utio
nSearch
Ask
YahooGoogle
Team
Exec
utio
nSocial Networks
Team
Exec
utio
nSocial Networks
friendster
Team
Exec
utio
nSocial Networks
friendster
Team
Exec
utio
nSocial Networks
friendster
LinkedIn MySpace
Team
Exec
utio
nSocial Networks
friendster
LinkedInFacebookMySpace
Why startups fail
Why startups fail
1. Bad idea
Why startups fail
1. Bad idea
2. Bad execution
Why startups fail
1. Bad idea
2. Bad execution
3. Outside factors
Common bad ideas
Common bad ideas
1. Defining your market
Common bad ideas
1. Defining your market
2. Lack of listening
Common bad ideas
1. Defining your market
2. Lack of listening
3. “Gotcha” culture
Common bad ideas
1. Defining your market
2. Lack of listening
3. “Gotcha” culture
4. Preconceived notions
Common bad execution
Common bad execution
1. Taking on too much
Common bad execution
1. Taking on too much
2. Design by committee
Common bad execution
1. Taking on too much
2. Design by committee
3. Poor craftsmanship
Common bad execution
1. Taking on too much
2. Design by committee
3. Poor craftsmanship
4. Lack of iteration
Common outside factors
Common outside factors
1. Competitors
Common outside factors
1. Competitors
2. Disruptive technologies
Common outside factors
1. Competitors
2. Disruptive technologies
3. Improper Capitalization
Common outside factors
1. Competitors
2. Disruptive technologies
3. Improper Capitalization
4. Timing
Jason’s big secret
Jason’s big secret
1. Find a really nice hill
Jason’s big secret
1. Find a really nice hill
2. Imagine it 10x bigger
Jason’s big secret
1. Find a really nice hill
2. Imagine it 10x bigger
3. Imagine it 10x bigger than that
Jason’s big secret
1. Find a really nice hill
2. Imagine it 10x bigger
3. Imagine it 10x bigger than that
4. Assume it will happen
Jason’s big secret
1. Find a really nice hill
2. Imagine it 10x bigger
3. Imagine it 10x bigger than that
4. Assume it will happen
5. Build a plan on that outcome
Jason’s other big secret
Jason’s other big secret
1. Fail fast
Jason’s other big secret
1. Fail fast
2. Argue all sides
Jason’s other big secret
1. Fail fast
2. Argue all sides
3. Fire good people
Jason’s other big secret
1. Fail fast
2. Argue all sides
3. Fire good people
4. Reward obsessive behavior
Jason’s other big secret
1. Fail fast
2. Argue all sides
3. Fire good people
4. Reward obsessive behavior
5. Hire slow / Fire fast
Jason’s other big secret
1. Fail fast
2. Argue all sides
3. Fire good people
4. Reward obsessive behavior
5. Hire slow / Fire fast
6. Sales solve everything
Jason’s other big secret
1. Fail fast
2. Argue all sides
3. Fire good people
4. Reward obsessive behavior
5. Hire slow / Fire fast
6. Sales solve everything
7. Engage your haters
Silicon alley reporter1996-2003
Silicon alley reporter
1. Built a 16 page newsletter
1996-2003
Silicon alley reporter
1. Built a 16 page newsletter
2. Became a magazine
1996-2003
Silicon alley reporter
1. Built a 16 page newsletter
2. Became a magazine
3. Became a 300 page magazine
1996-2003
Silicon alley reporter
1. Built a 16 page newsletter
2. Became a magazine
3. Became a 300 page magazine
4. Didn’t assume it would happen
1996-2003
Silicon alley reporter
1. Built a 16 page newsletter
2. Became a magazine
3. Became a 300 page magazine
4. Didn’t assume it would happen
5. Didn’t build a plan
1996-2003
Weblogs, inc.2004-2006
Weblogs, inc.
1. Built a 100 blog network
2004-2006
Weblogs, inc.
1. Built a 100 blog network
2. Assumed it would happen
2004-2006
Weblogs, inc.
1. Built a 100 blog network
2. Assumed it would happen
3. Sold after 18 months
2004-2006
Weblogs, inc.
1. Built a 100 blog network
2. Assumed it would happen
3. Sold after 18 months
4. Grew 8x post acquisition
2004-2006
Mahalo2007-Present
Mahalo
1. Building a human powered search engine
2007-Present
Mahalo
1. Building a human powered search engine
2. Assuming it will work
2007-Present
Mahalo
1. Building a human powered search engine
2. Assuming it will work
3. Built five-year plan
2007-Present
Mahalo
1. Building a human powered search engine
2. Assuming it will work
3. Built five-year plan
4. Raised capitol to match plan
2007-Present
Mahalo
1. Building a human powered search engine
2. Assuming it will work
3. Built five-year plan
4. Raised capitol to match plan
5. Will let you know in 2012 :)
2007-Present
