Basics of startup
Post on 07-May-2015
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Vishal Pai VernekarFounder LumosCreating Independent Programmers
1End to End Cloud and Mobile Applications
2Google App Engine and Android
3HTML5, CSS JS, Python, Java, SQL / NoSQL DB and
BitBucket
2
Startup
Basic Questions
11/04/2023 3
Agenda
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Lets make this session interactive
13-02-2014
Please ask as many questions as possible.
Ask questions at any time in the session
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WHY START UP?
13-02-2014
Founders: Tubane and Nduwawe
Company name: Tohoza online
Country: Rwanda
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Why startup?
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To add value to the community you live in
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What kind of value? Examples
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Simplify everyday life
Help them earn more revenue Impart skills Social
Gloo.ng (Nigeria)
Wild Fusion (Ghana)
Funda (South Africa)
Ushahidi (Kenya)
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Define Community
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Hyper Local Local Country Global
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WHAT TO START UP?
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Founder: Ritesh Doshi
Company name: Naked Pizza
Country: Kenya
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What to startup?
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Scratch your own itch. 24/7 thought
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Examples of such startups
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Naked Pizza Funda
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HOW TO START UP?
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How to startup?
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Build a manual solution
Find the first
customer
who is willing to pay
Handhold the customer. Give
the customer out of the world
service. Learn.
Get 1 colleague who is passionate about solving the problem
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Startup will end up being what is measured
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Number of successful customers
Number of customers
and growth
Revenue and growth
Churn of customers
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WHEN, WHERE AND WHO SHOULD STARTUP?13-02-2014
Founders: Andrew Mupuya
Company name: YELI
Country: Uganda
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When and Who should startup?
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Students should startup while in college. Students
can live a low cost life.
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Where to startup?
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Place liked and from where customers can be
better served.
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PRACTICAL CHALLENGES AND OVERCOMING THEM13-02-2014
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Am just a student
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Get your hands dirty. Make mistakes and learn. Read as much as you can.
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Job will give regular salary
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Salary is like drugs. A shot is needed every month
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Family wants me to have a job
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Working spouse will make life easier. Buy time from
them. Show them revenue.
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Have a family to support
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You have to support them. Rethink on your startup
plans.
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Buy a house
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EMI is the biggest entrepreneur killer. Delay
buying a house
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Don’t know the laws
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Read. Take help.
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QUALITIES OF AN ENTREPRENEUR
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Look for good things in others
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Stop looking for deficiencies
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‘I’ Less
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Drop ego
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Sour Grapes
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If things don’t work go the fox way. Don’t crash. Start
afresh.
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It will be fun
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If things work you will have fun of your life. If
things don’t work you will still have a great story to
tell.
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Questions?
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Ask as many as you can.
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CONTACT
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CONTACT CARD
Vishal Pai Vernekar
Cell No: 9527824166
Founder Lumoshttp://gdriv.es/lumos
vishalvpv@gmail.com
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