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6 Month Startup – Tacoma Month One – Ideation and Research
January 16 @ 6:30 pm - 9:00 pm$45.00
6 Month Startup – Ideation to Revenue and Fundraising
While startup founders at the beginning of their journey will get the most out of this program by attending each session 1-6 in order, you are also welcome to come to any individual sessions!
Here’s an outline of the program:
Month One – Ideation, Research, Markets and Telling Your Story
What makes a good idea anyway? Passion is important but not sufficient! If you’re looking to scale your idea into something that is fundable or can create a lifestyle to support you and your family. There is a lot you can learn about what makes both good and bad ideas – and don’t believe the quote, “Ideas don’t matter, only execution matters.” That implies that you have a good idea in the first place.
Research – How do you do research to see which companies have come before you, where have they had success and/or failure, and what you can learn from it?
How should you think about your target customer and target market? Is it big enough? How will you get to it and do you have the runway to make it successfully?
Telling Your Story – it’s not a pitch at this point, but a structure to tell your story and make sure you cover the basic checkboxes of information
Note about startup success: This is a Journey!
90% of startup fail (CB Insights/Fortune)
75% of venture-backed companies fail – HBS
Founder Development is the process of helping early and first-time founders through an experiential process learned from serial founders, MBA Entrepreneurship programs and investors. Unlike academic programs, it’s about launching and scaling a company first, there are no grades or credits. This takes take to do the work and won’t’ likely fall into an academic quarter semester. Accessible programs are all about pricing that doesn’t preclude underrepresented groups from participating, it also means not filtering people out based on a bias or GPA. That’s why I decided to launch the @6MonthStartup program.
By accessible, meaning a reasonably priced program with reasonable frequency. Let’s face it, if you are a “Starter,” you need to spend resources on proving your idea not paying for things you don’t need (at least yet!). Also, you shouldn’t be leaving your day job until you prove the idea is worth your time and effort.
Founder Development is all about you and how you think. The process will confirm that you have a solid idea and have talked with enough potential customers to have validated that idea. In most cases, this is before you incorporate, before spending any money on trademarks or divvy up any equity. There are some great programs for company building and product development – most of those programs also invest in your startup if you have a team, product, and traction.
Who should attend?
Founders or Starters – if you’re an aspiring Starter and want to confirm if your idea is worthwhile before you leave your day job. Can you go faster than 6 months? Of course, but it will likely still take you some time to validate your ideas and work through the process – we’re here to support you, either way, whether you have just the glimpse of an idea or if you already have product and revenue.
Potential Co-Founders – do you want to join a startup or are you looking for potential co-founders? You’ll likely find them here.
Corporate Innovators – if you’re looking to put some structure to your corporate goals – plus get to meet potential employees who like innovation.
Students – if you want to learn a process and structure to think about your ideas or the ideas of companies, you might consider joining in the future! Just know that your first idea may not be the idea you’ll ultimately launch. Killing bad ideas quickly if great, failing fast is dumb.
6 Month Startup is designed for you. You’ll take the next six months to define and refine your idea, understand how to make money and make an informed decision if you should leave your day job or not. The monthly meetup format has content, exercises, time to pitch, feedback from mentors and dinner. You will have monthly deliverables – the result of that work will be the key to meeting with mentors at the next session. This is your startup and the pace at which you approach the work is up to you, however, mentors require that you have a serious idea and you’re doing the work to get their time.