Lessons learned - Oops!booking
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21-Oct-2014 -
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Transcript of Lessons learned - Oops!booking
INDEPENDENCY
Licenses can be hard to get
Your startup velocity is 10x faster than everyone else
Never bet on strong signals and gut feeling
BOOTSTRAP
Reduce costs and save money
Don’t start implementing right away
Use your own skills and resources
CUSTOMER DEV
Never assume anything
Friends and family can mislead you
Techniques: A.Maurya, E.Ries, P.Vlaskovits, S.Blank, R.Fitzpatrick
Create a very simplistic mvp to test your most critical assumption(s)
SOFTWARE DEV
“You pay for peanuts you get monkeys”
Lots of average coders vs few awesome coders
Bet on yourself
Prioritize
CONTACTS
Don't be afraid to use your contacts aka "cunhas"
Going by-the-book sucks
Incorporate a "nothing to lose" mentality
People like to help
MANAGE EXPECTATIONS
Be transparent, direct and honest
Keep everyone updated
Don't be afraid to expose personal concerns
INVESTORS
Everything must be written down
Gentleman agreements can lead to misunderstandings later on
Trust is key
Always be on time
Test your partners
Trust is key
PARTNERS
COMMUNICATION
Don't create buzz around you and your startup
Pitching all the time is exhaustive
Be careful when you tell family & friends
It's an exciting world but chances of success are very low
Roaming
Travel growth
Online booking
TRENDS
Booking apps
Last-minute travelers without hotel reservation
B2B2C
Partnership dependency too high
BUSINESS MODEL
Hardware costs too high
Complex integrations with other engines
Awesome experience
Great learning experience
What you give is what you get
INTERNSHIPS
Design, social media, finances, management, etc.
Be kind and pay in equity
Ask for advice before making difficult decisions
Get a hand-full of mentors
MENTORS
BUREAUCRACY
Pay attention to details
Avoid unnecessary fines
State is a killing-machine when it comes to handing over a "speeding ticket"
Hire an accountant who understands what a startup actually is
Hustler + Techie (+ UXer)
Test your partners
Trust is key
TEAM