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Hackers and Founders Meetup Peter Chee, Founder of thinkspace August 3, 2011

Hackers and Founders - Peter Chee @ thinkspace

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Lessons learned in three years of running a startup.

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Page 1: Hackers and Founders - Peter Chee @ thinkspace

Hackers and Founders MeetupPeter Chee, Founder of thinkspace

August 3, 2011

Page 2: Hackers and Founders - Peter Chee @ thinkspace

About Peter

Page 3: Hackers and Founders - Peter Chee @ thinkspace

http://youtu.be/ROFJKd9hkkA

Page 4: Hackers and Founders - Peter Chee @ thinkspace

< $1M96%

> $1M4%

> $10M.4%

> $50M17,000

28 Million Firms

Mastering the Rockefeller Habits – Verne Harnish – Page 12

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Three Big Take Aways

Strategy

People

Outcomeshttp://www.flickr.com/photos/kartografia/534285427/

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http://www.flickr.com/photos/whollysoap/4641661180/ http://www.flickr.com/photos/stevewall/1095860966/

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BHAG & GoalsReframe the term “Virtual Office” to be each person’s personal “thinkspace” and become the definition of flexible workspace in USA.

2,000 Recurring Revenue Members

Page 8: Hackers and Founders - Peter Chee @ thinkspace

Predict Outcomes

Financials on annual & quarterly basis

A great year = 4 great quartersA great quarter = 13 great weeks

http://www.flickr.com/photos/brianjmatis/3883599670/

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http://www.flickr.com/photos/27663842@N00/294790784

What’s Your Cost of Getting Blindsided?

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http://usdebt.kleptocracy.us/

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“Consumers are not loyal to cheap commodities.

They crave the unique, the remarkable, and the human.”

Seth Godin – author of Linchpin

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http://www.flickr.com/photos/mgrap/1353874828/

Core Values

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Who – Geoff Smart & Randy Street – Page 12

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Culture & Core Values

Perf

orm

ance

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Funding

• Bootstrapping• Equity• Debt

• WSIGAS• FBEC• WIFM• CITY• WSHTF• SMTM

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• Create a One Page Strategic Plan

• Focus on the Customer & Hustle!

• Hire A Players and Build an Advisory Board

http://www.muddnadd.com/blog/nadd-says/event-takeaways

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“Leaders don’t createfollowers, they create

more leaders.”– Tom Peters

http://www.flickr.com/photos/howardignatius/4109196545/

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share/remix/spread …but don’t forget to attribute

http://slideshare.net/thinkspace

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