Marcus Segal ZYNGA

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Transcript of Marcus Segal ZYNGA

  • 1. Lessons fromStart-Up VilleBy Marcus SegalMarch 19th 2012

2. 2 CONFIDENTIAL I FOR INTERNAL USE ONLY.5 3. Zynga Fun FactsFarmVille has 29 million farmers, compared to 2 million real-life farmers in the U.S.During 2011, more than 125 million apple trees were planted, 13 billionstrawberries plants tended, and 230 million foals born in FarmVille.More than 1.3 million virtual businesses, 3.1 million houses, 8.6 million sidewalks and 1.7 million community buildings are built in CityVille each day.Words With Friends currently processes approximately 1,300 moves per second.More than 800,000people are playing Zynga Poker at any given momentZynga.org has raised over $10M USD for disaster relief, educational programs and environmental causes 4. zynga240 million monthly active players54 million daily active players450 million social interactions per day 5. locations 6. Lets Get Down to Basics Raising Money Hiring Great People & Building GreatTeams Other Important Things to Consider 7. Raising Money Do I have a great idea? Should I raise money from Friends andFamily? How much should you raise? What about Angel networks? Why wont the VC call me back? 8. Some Sobering Stats The average VC funds 6 out of every1,000 business plans received each year Around 60% of funded high-tech start-upsgo bankrupt Around 30% get acquired by othercompanies or never hit it big Less than 10% go public 9. Do you still want to do it? 10. Blood, Sweat and Tears (of Joy)There are benefits a family gets from a parent who is anentrepreneur other than the wealth that he or she may beaccumulating.They also get a role model. A parent who is doing whatthey love, who is creating value, employingpeople, making a difference in the world. All of that isvery good.But it is only good if you make the time to have ameaningful relationship with your spouse and your kids.Fred Wilson, Union Square Ventures 11. Back to Raising Money Do I have a great idea? Should I raise money from Friends andFamily? How much should you raise? What about Angel networks? Why wont the VC call me back? 12. VCs What You Need to Know Desperation is an ugly cologne He or She just Might not be that into you Its worth the wait for the right VC 13. Inside the Mind of One of MyFavorite VCs:So many of the business plans that I see (andoften dont read) have endless vague generalitiesand extremely optimistic assertions about what thecompany will accomplish. Keep it short, simple,and direct. Dont be afraid to have a big vision, butmake sure its a clear one.Brad Feld, The Foundry Group 14. Lets Get Down to Basics Raising Money Hiring Great People & Building GreatTeams Other Important Things to Consider 15. Hiring Great People Swiss Army Knives and Scalpels Have senior leaders participate in theinterview process Avoid Title Inflation Be Transparent in the interview process 16. Maslow and Transformative Leadership 17. Lets Get Down to Basics Raising Money Hiring Great People & Building GreatTeams Other Important Things to Consider 18. What Else Should We TalkAbout? Office Space and what to outsource When Should I Launch? Time Management 19. Time ManagementForget Either/OR 20. Resources Books & Magazines Getting to Plan B by Randy Kommissar Do More Faster by Brad Feld Peak by Chip Conley High Tech Start-Up by Brad Neshiem Delivering Happiness by Tony Hsieh The No Asshole Rule by Robert Sutton 21. Thank You Follow me on twitter @marcussegal