Practical advice from some of today''s top early stage
investors and entrepreneurs
TechStars is a mentorship-driven startup accelerator with
operations in three U.S. cities. Once a year in each city, it funds
about ten Internet startups with a small amount of capital and
surrounds them with around fifty top Internet entrepreneurs and
investors. Historically, about seventy-five percent of the
companies that go through TechStars raise a meaningful amount of
angel or venture capital. Do More Faster: TechStars Lessons to
Accelerate Your Startup is a collection of advice that comes from
individuals who have passed through, or are part of, this proven
program. Each vignette is an exploration of information often heard
during the TechStars program and provides practical insights into
early stage entrepreneurship.
Contains seven sections, each focusing on a major theme within the
TechStars program, including idea and vision, fundraising, legal
and structure, and worklife balance
Created by two highly regarded experts in the world of early
stage investing
Essays in each section come from the experienced author team as
well as TechStar mentors, entrepreneurs, and founders of companies
While you''ll ultimately have to make your own decisions about
what''s right for your business, Do More Faster: TechStars Lessons
to Accelerate Your Startup can get your entrepreneurial endeavor
headed in the right direction.
From the Inside Flap
It is a cold, hard fact of business life that most startups
fail. Even many of those entrepreneurs who ultimately succeed have
stories of personal challenges, unsuccessful companies, and
difficulties along the way. The founders of TechStars, a
mentorship-driven startup accelerator, have worked with
entrepreneurs and companies over the past twenty-five years, and
have seen a number of the same issues come up again and again.
In Do More Faster, the founders of TechStars identify the key
issues that first-time entrepreneurs encounter, and offer proven
advice from successful entrepreneurs who have worked with the
TechStars program.
The authors organize the most critical issues into seven themes:
Idea and Vision, People, Execution, Product, Fundraising, Legal and
Structure, and Work and Life Balance. Many of the examples are
personal experiences from the entrepreneurs themselves, integrated
into a cohesive narrative—while at the same time able to stand on
their own. Throughout the book, they debunk numerous myths about
startups and reveal some surprising truths. They explain, for
instance, that the core of a startup is not always a world-changing
and earth-shattering idea—in fact, it is often the case that
successful startups started out doing something else. They also
underscore the efficiency of execution: great entrepreneurs know
how to synthesize data, make a decision about the path they are
going down, and execute. And they offer some alternatives to
traditional ways of raising money, while stressing that you
shouldn''t start with the assumption that you need to raise
money.
Mastering the seven themes may not ensure success, but
understanding the issues, reading the stories, and getting advice
pertaining to these issues will increase your chances dramatically.
And if nothing else, you''ll realize that you aren''t alone in facing
these challenges.
關於作者:
David Cohen is the founder and CEO of TechStars. He previously
founded and successfully exited several companies and is now an
angel investor in over 100 Internet startups. BRAD FELD is a
managing director of Foundry Group, an early stage venture capital
firm. He has been an early stage investor and entrepreneur for over
twenty-five years.
目錄:
Foreword. Preface. About TechStars. Theme 1: Idea and Vision.
Trust Me, Your Idea IsWorthless. StartWith Your Passion. Look for
the Pain. Get Feedback Early. Usage Is Like Oxygen for Ideas.
Forget the Kitchen Sink. Find That One Thing They Love. Don''t Plan.
Prototype! You Never Need Another Original Idea. Get It Out There.
Avoid Tunnel Vision. Focus. Iterate Again. Fail Fast. Pull the
PlugWhen You KnowIt''s Time. Theme 2: People. Don''t Go It Alone.
Avoid Co-Founder Conflict. Hire People Better than You. If You Can
Quit, You Should. Build a Balanced Team. Startups Seek Friends.
Engage Great Mentors. Define Your Culture. Two Strikes and You Are
Out. Karma Matters. Be Open to Randomness. Theme 3: Execution. Do
More Faster. Assume that You''reWrong. Make Decisions Quickly. It''s
Just Data. Use Your Head, then Trust Your Gut. Progress Equals
Validated Learning. The Plural of Anecdote Is Not Data. Don''t Suck
at E-Mail. UseWhat''s Free. Be Tiny Until You Shouldn''t Be. Don''t
Celebrate theWrong Things. Be Specific. Learn from Your Failures.
Quality over Quantity. Have a Bias Toward Action. Do or Do Not,
There Is No Try. Theme 4: Product. Don"t Wait Until You Are Proud
of Your Product. Find Your Whitespace. Focus on What Matters.
Obsess over Metrics. Avoid Distractions. Know Your Customer. Beware
the Big Companies. Throw Things Away. Pivot. Theme 5: Fundraising.
You Don''t Have to Raise Money. There''s More than OneWay to Raise
Money. Don''t Forget about Bootstrapping. Beware of Angel
InvestorsWho Aren''t. Seed Investors Care about Three Things.
Practice Like You Play. If YouWant Money, Ask for Advice. Show,
Don''t Tell. Turn the Knife after You Stick It in. Don''t
Overoptimize on Valuations. Get Help with Your Term Sheet. Focus on
the First One-Third. Theme 6: Legal and Structure. Form the Company
Early. Choose the Right Company Structure. Default to Delaware.
Lawyers Don''t Have to Be Expensive. Vesting Is Good for You. Your
Brother-in-Law Is Probably Not the Right Corporate Lawyer. To 83b
or Not to 83b, There Is No Question. Theme 7: Work-Life Balance.
DiscoverWork-Life Balance. Practice Your Passion. Follow Your
Heart. TurnWork into Play. Get Out from behind Your Computer. Stay
Healthy. Get Away from It All. The Evolution of TechStars. What
Motivated Me to Start TechStars? Why TechStars Started in Boulder.
How TechStars Came to Boston. How TechStars Came to Seattle. So
YouWant to Start TechStars in Your City? Appendix: The TechStars
Companies. About the Authors. Acknowledgments. Index.