SDFI 2014 Ryan Bettencourt Vision 2014
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Transcript of SDFI 2014 Ryan Bettencourt Vision 2014
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Create Matter
Vision & Ideas - FI 12.11.2014
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Create Matter
“Vision is the art of seeing what is
invisible to others.” - Jonathan Swift
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Some BackgroundCursive Labs
We are not: a single company, a venture capital firm, anaccelerator
We are: an operating entity, a new model, a process-driven lab, acollection of multiple ventures
We are about: Taking the emotion out of an idea while keepingthe passion
Create Matter
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First Things FirstIdeas Are Just A Multiplier of Execution
Create Matter
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So, How Important Are Ideas?Still very important
Create Matter
“Your idea must matter to youenough to sustain you” - Me
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Create Matter
What role does passion play?A big one
You have to be passionate about the things that matter to everyidea:
Great product/s
Taking great care of your customers
Taking great care of your people
Being smart with your money
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Create Matter
So, Where Do Ideas Come
From?
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IdeasTwo kinds that win
Create Matter
Solve a real problem
Create joy
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The Inspiration of IdeasSome of the many places
Create Matter
Market-driven
-market/structural changes
-behavioral changes-technology changes
Personal-driven
-what you need
-what you wish you had
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Sources of IdeasTools
Create Matter
Market-driven
-Laws/Regulations
-ProductHunt
-Angel List
-Crunchbase
-Be an observer
-Accelerators
Personal-driven
-Notebook
-How can it be better/different?
-How would “X” do it?
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Sources of IdeasOther
Create Matter
Mash-Ups
Borrowing & Applying To Other (Industry, Geography, Target)
Under-doing & Focusing On One Piece
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Sources of IdeasSome Theses
Create Matter
Disruption Through Simplification
Tools That Power The Independent Economy
Creative Curation
Building Blocks
Personalization
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Create Matter
Knowing When You Have A Good
or Bad Idea
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Listen Closely at FIGreat at helping you understand market
Create Matter
FI = Not A Class
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Remaining ObjectiveKey
Create Matter
Optimistic = Stupid
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Knowing When You Have A Good Idea3 Metrics
Create Matter
Relevant for all ideas: 4-6% weekly growth
Idea-Specific: Two metrics that, when multiplied together, haveability to scale to a real business
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Create Matter
Wrapping Vision Around
Ideas
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Translating Ideas Into VisionKeep it simple
Create Matter
DON’T Over-vision-ate
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Translating Ideas Into VisionHow you are going to matter in the market
Create Matter
Operational Efficiency
Innovation
Customer Intimacy
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Create MatterProprietary and Confidential