This is a great playbook Ed. Each of the steps can be a whole book by itself. I think a lot of people get stuck in their heads researching 'how to build a startup' or trying to build their idea without any customer validation. The goal should be the inverse: hit the pavement and talk to prospects and try to solve their problems. If you talk to enough prospects, you might find a problem that is scalable into a startup or a least a small lifestyle business. Start by doing and then reflection and refine.
Oooh nice work! Looking forward to it. Thanks. Please send your deck to advisor@startups.com with the word "Playbook" in the title of the email when you are ready.
Hi Ed, Im a cofounder of Niura, we’re capitalizing on the upcoming BCI boom (along with neuralink). We are creating focus-sensing earbuds equipped with EEG technology helping people manage their work rest cycles to automate productivity by implementing real time feedback from users’ brain data.
I am not good at deeptech and hardware. But send your pitch deck to advisor@startups.com and mention "playbook" in your email. I will try to take a look.
Ed, great vid, early stage venture, building a platform to collect reviews of condo/rental buildings, amazon review type indexing so users have validated data
Hi Ed! Great content. We’re in contact with Mark Moore and the accelerator program. Our company is doing six figures annually working out of a commercial kitchen. In process of raising capital for a restaurant.
Thinking about preselling to validate my product, then raising for company in preseed and seed rounds. What do you think? Also how many customers can you manually service?
Fully agree. Validate as much as you can first. Manually serve them until you reach capacity and then try to add in automation systems a little at a time. Keep going until investors can see the results and know with their capital you will grow even more.
Great content..so how will a "buy now pay later" startup company be able to bootstrap since they'll need to have money on hand to pay their merchants when the customers buy using this model
Yeah, that's tough. In this case, I would start small and prove the model. Then, I wouldn't take investors. I would just borrow and do non-dilutive funding.
Hey Ed, We've learned so much from the roast we've got from you last time that I cannot even tell. As a result, we've focused on a different startup idea we've had laying around for a while and actually made it work. We've just done what you've said without any investment and actually made more than how much we've invested in so far already. Is there still time to participate in this challenge?
My idea : For universities and organizations that lack resources and access to practical experience, we offer Larcadial, a lab where we upgrade and enhance their educational programs using Virtual Reality (VR) and Augmented Reality (AR), merging them with industry expert experience.
this is exactly how our company should have approached it, instead we made assumptions and used our own 30+ year experience to create a product that ended up being hard to sell. Don't do what we did.
Same story with me and with my co-founder. We've bought spent too much time building our products and barely anything with sales before, but "at least" we've collected about $400k worth of hard-core experience. (About $200k each)
Dude wtf. Your channel is a goldmine.
No idea how your channel has this many subscribers. Your content is gold Ed.
This is a great playbook Ed. Each of the steps can be a whole book by itself. I think a lot of people get stuck in their heads researching 'how to build a startup' or trying to build their idea without any customer validation. The goal should be the inverse: hit the pavement and talk to prospects and try to solve their problems. If you talk to enough prospects, you might find a problem that is scalable into a startup or a least a small lifestyle business. Start by doing and then reflection and refine.
Preach brother!!!
As always, appreciated and well-said.
This is one of my favorite videos you have done so far! This video has very, very impactful information!
Thank you sir! Look forward to your updates.
Ed, you content is amazing. Truly a masterclass in just 13 minutes.
Actually really good advice. People want to help those that can help themselves.
I appreciate this comment! I definitely want to help action-oriented founders.
Went from 80 customers to 700 this month. I'll be sending you a deck soon.
🇿🇦🇿🇦🇿🇦🇿🇼🇿🇼🇿🇼
Oooh nice work! Looking forward to it. Thanks. Please send your deck to advisor@startups.com with the word "Playbook" in the title of the email when you are ready.
Hi Ed, Im a cofounder of Niura, we’re capitalizing on the upcoming BCI boom (along with neuralink). We are creating focus-sensing earbuds equipped with EEG technology helping people manage their work rest cycles to automate productivity by implementing real time feedback from users’ brain data.
I am not good at deeptech and hardware. But send your pitch deck to advisor@startups.com and mention "playbook" in your email. I will try to take a look.
well said!
i have also noticed things change as soon as you tell investors about Sales 🎉
This video is a gem 👏. As always, best advice for having the best entrepreneurs' mindset.
Thank you. I appreciate it.
Good Info, Ed! Good to see ya
You as well! I hope your venture is rocking!
Ed, great vid, early stage venture, building a platform to collect reviews of condo/rental buildings, amazon review type indexing so users have validated data
Thanks. Please send your deck to advisor@startups.com with the word "Playbook" in the title of the email.
@@edkang99 Sent, thank you
Hi Ed! Great content. We’re in contact with Mark Moore and the accelerator program. Our company is doing six figures annually working out of a commercial kitchen. In process of raising capital for a restaurant.
Great start!
Love this guys advice!
I appreciate that! TY
Thinking about preselling to validate my product, then raising for company in preseed and seed rounds. What do you think?
Also how many customers can you manually service?
Fully agree. Validate as much as you can first. Manually serve them until you reach capacity and then try to add in automation systems a little at a time. Keep going until investors can see the results and know with their capital you will grow even more.
Great content..so how will a "buy now pay later" startup company be able to bootstrap since they'll need to have money on hand to pay their merchants when the customers buy using this model
Yeah, that's tough. In this case, I would start small and prove the model. Then, I wouldn't take investors. I would just borrow and do non-dilutive funding.
🔥
In RenTech we improve tenants cash flow by splitting their rent into two payments.
I remember this deck. Do you have an update? If so, please send your deck to advisor@startups.com with the word "Playbook" in the title of the email.
Just found your RUclips channel really amazing content thank you so much. Can you review our company pitch deck 🙏🏼
What is your venture?
@@edkang99 e-commerce connected jewelry marketplace for both buyers and sellers focusing on all kinds of gemstones.
Is there a way to do it without raising funding what would your roadmap or advice be around this
My roadmap would be the same except for the last step of showing investors.
Hey Ed,
We've learned so much from the roast we've got from you last time that I cannot even tell. As a result, we've focused on a different startup idea we've had laying around for a while and actually made it work. We've just done what you've said without any investment and actually made more than how much we've invested in so far already. Is there still time to participate in this challenge?
Nice.
Thanks!
My idea : For universities and organizations that lack resources and access to practical experience, we offer Larcadial, a lab where we upgrade and enhance their educational programs using Virtual Reality (VR) and Augmented Reality (AR), merging them with industry expert experience.
Thanks. Please send your deck to advisor@startups.com with the word "Playbook" in the title of the email.
this is exactly how our company should have approached it, instead we made assumptions and used our own 30+ year experience to create a product that ended up being hard to sell.
Don't do what we did.
I've done the same!
Same story with me and with my co-founder. We've bought spent too much time building our products and barely anything with sales before, but "at least" we've collected about $400k worth of hard-core experience. (About $200k each)
@@peterwolftips where does the amount come from?
@@Cenot4ph For me, it was a personal loan from a friend, for my cofounder, they've got it from a startup incubator.
Hi Ed, thanks for the opportunity. I’m building a menstrual health app to equip women with credible data. Based in Europe.
Thanks. Please send your deck to advisor@startups.com with the word "Playbook" in the title of the email.