2324 startup - amoon.world🌙

# CEO Playbook: Start-Up Lessons | Episode | Key Takeaways | longer version | | -------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **🚀 Start-Up** | • Personal motivation is your most powerful fuel • Compelling founding story attracts talent and support • Solve problems you deeply understand | • Your "why"—your personal motivation—is the most powerful fuel for your venture. • A compelling founding story is not just fluff; it's a magnet for talent and support. • Success is often about solving a problem you deeply understand and care about. | | **👨‍👩‍👧‍👦 FFF** (family, friends, fools) | • First investors believe in you, not just the idea • Co-founder with complementary skills is essential • Inspire belief in your inner circle | • Your first "investors" are often those who believe in you, not just the idea. • A co-founder with complementary skills is non-negotiable; you cannot do it all alone. • Your primary job in the early days is to inspire unwavering belief in a very small circle. | | **😇 Angel** | • Right angels provide mentorship and validation • Sell the vision—investors bet on the jockey • Embrace harsh feedback from smart people | • The right angel investor provides more than cash; they offer critical mentorship and validation. • Master the art of selling the vision, as early investors bet on the jockey (you), not just the horse. • Embrace harsh feedback from smart people; it's a gift that accelerates your growth. | | **🏗️ Sandbox** | • Incubators provide resources, network, credibility • Prove your team and idea during application • Leverage peers as much as mentors | • Joining an incubator provides critical resources, a powerful network, and essential credibility. • The application process itself is a test: you must prove your team and idea are worth the investment. • Leverage the ecosystem; your peers in the program are as valuable as the mentors. | | **⚡ Hackathon** | • High-pressure simulation of build-measure-learn • Team dynamics are magnified under stress • Guide team to focused, viable ideas quickly | • A hackathon is a high-pressure simulation of the build-measure-learn cycle. • Team dynamics are magnified under stress; this is where true collaboration is forged or broken. • A key CEO skill is guiding a team to a single, focused, viable idea under a tight deadline. | | **🗝️ Key Man** | • Bridge tech and business talent gaps • Every person on small teams is critical • Translate between disparate skills | • A great product is useless without a great business model; bridge the gap between your tech and business talent. • Recognize that every single person on a small team is a "Key Man" with a critical role. • As CEO, you must be the translator who unites disparate skills towards a common goal. | | **🔥 Burn Rate** | • Cash is oxygen—know your runway • Financial pressure forces innovation • Monetization strategy from day one | • Cash is oxygen. Always know your burn rate and how many months of runway you have left. • Financial pressure is a constant reality that forces innovation and tough prioritization. • Your path to monetization cannot be an afterthought; it must be part of your strategy from day one. | | **🔄 Back Up** | • Expect failure, prepare to pivot • Resilience is your most critical trait • Find opportunities hidden in crises | • Expect failure and prepare for it. The ability to pivot is essential for survival. • Resilience is a CEO's most critical trait; your job is to lead with conviction through the darkest moments. • Crises often hide opportunities; stay calm and look for the new path forward. | | **⚠️ Risk** | • Carry the burden of uncomfortable truths • Make difficult long-term decisions • Embrace leadership loneliness | • The CEO carries the burden of risk and often knows uncomfortable truths the team cannot. • Leadership requires making difficult ethical and strategic decisions that have long-term consequences. • Embrace the loneliness of the role; some decisions you will have to make alone. | | **🎯 Demo Day** | • Master storytelling and metrics • Pitch distills everything into minutes • Confidence and passion are contagious | • Demo Day is where storytelling meets metrics; you must master both to succeed. • Your pitch is the culmination of all your work, distilled into a few minutes that can decide your future. • Confidence and passion are contagious; investors are investing in your belief as much as your business. | | **🚪 Exit** | • Understand different exit types and meanings • Define what "winning" looks like • Evaluate offers strategically | • Understand the different types of "exits" (e.g., IPO, acquisition) and what they mean for your mission. • As CEO, you must define what "winning" looks like for your company and your stakeholders. • An acquisition offer can be a validation, a distraction, or a lifeline—evaluate it strategically. | | **🧲 Acqhire** | • Team is your most valuable asset • War for talent drives acquisitions • Foster culture that attracts A-players | • Your team is your most valuable asset; sometimes it's even more valuable than your product. • The "acqhire" is a real phenomenon that highlights the intense war for top talent. • Foster a culture where A-players want to work, making you a target for recruitment and acquisition. | | **😴 Comfort Zone** | • Success leads to dangerous comfort • Constantly innovate or become irrelevant • Stability is an illusion in startups | • Success is the first step toward the "comfort zone," which is a death sentence for a startup. • The market never sleeps; you must constantly innovate or risk becoming irrelevant. • Always be prepared for the next crisis; in the startup world, stability is an illusion. | | **🗣️ Elevator Speech** | • Evolve your pitch as company grows • Clear communication navigates complexity • Address past issues directly | • Your "elevator speech" is not static; it must evolve as your company grows and pivots. • Clear, consistent communication is the only way to navigate the growing complexity of a scaling company. • Address past issues and relationships directly to prevent them from becoming future problems. | | **📦 MVP** | • Focus relentlessly on minimum viable product • Identify and empower most valuable players • Manage blurred business-personal lines | • Relentlessly focus on your MVP (Minimum Viable Product) to avoid wasting time and resources. • Simultaneously, identify and empower your MVPs (Most Valuable Players)—the people who drive results. • Acknowledge that in a startup, the lines between business and personal are blurred and require careful management. | | **📈 Scale-Up** | • Evolve from founder to executive • Build systems to avoid bottlenecks • Create sustainable impact and culture | • "Scaling up" requires a new skill set; you must evolve from a founder to an executive. • Build systems and processes that allow your company to grow without you being the bottleneck. • The ultimate goal is to build a sustainable company with a lasting impact and a strong culture. | ep.6 키맨 - 실사, 정관, 재무재표, 주주명부 - 후회는 선택하는 순간에 오진 않잖아요? 과정에서 오지. 난 내 선택을 한번도 후회해본적 없어요. 기를 쓰고 그렇게 만들었거든. - 마케팅 비용은 대략 얼마? 고정비는 대체로 인건비? 런웨이가 얼마 남았을때 위험? [[♻️world/culture/🏫university/MIT/TIES|TIES]]