1. STARTUP TIPS FOR
ENTREPRENEUR
PART I
TRUNG NGUYEN @SIBERIAVN
• P ROD UCT M AN AGE R OF P ROJECT LAN A
• FORM E R SE N IOR IN V EST M E N T AN ALYST OF ID G V E N T URES V IE T N AM
• CO- FOUN D E R OF LAUN CH – V IE T N AM IN T E RN E T START - UP COM M UN IT Y

2. “Entrepreneurship Is About Those Who Dare To Dream The Dreams And Are
Hungry And Foolish Enough To Try And Make Their Dreams Come True”

3. BEING AN ENTREPRENEUR IS BEING EXTREME…
ARE YOU SURE ?

4. [1] START BY A DESIRE TO
SOLVE A PROBLEM

5. IT’S A MUST OR A NICE?

6. WHO GONNA NEED IT?
HOW BIG IS THAT?

7. How Well Can You Solve?
Aspirin Vitamin Candy

8. HOW YOU MAKE MONEY ?

9. FREEMIUM VS. PREMIUM
What motivate
Customer to Pay
You?
Can You
Monetize?

10. AFRAID OF LOSING YOUR MEAL?

11. FIND SUSTAINABLE COMPETITIVE ADVANTAGE

12. BEING THE FIRST MOVER, AGILE, AND FAST ARE NECESSARY TO
SURVIVE, BUT….
Not sufficient to succeed!

13. PEOPLE CAN COPY EVERYTHING FROM YOU EXCEPT …

14. [2] JUST GREAT IDEAS?

15. IDEAS ARE …
A dime a dozen!

16. NO ONE CAN MAKE THE NEXT ZAPPOS
BY JUST READING A BOOK !

17. [3] EXECUTION IS EVERYTHING

18. IDEA IS JUST A MULTIPLIER
No Execution = $1
Awful Idea = -1 Weak Execution = $1000
X
Weak Idea = 1
So-so Idea = 5 So-so Execution = $10,000
Good Idea = 10 Good Execution = $100,000
Great Idea = 15
Brilliant Idea = 20 Great Execution = $1m
Brilliant Execution = $10m
Execution is everything!

19. FOCUS - SUPER FOCUS
Solve One Problem And solve it Really Really Well

20. [4] A DREAM TEAM

21. A+ PLAYERS IS NOT ENOUGH

22. A+ TEAM IS THE MOST IMPORTANT!
Why Is Your Team the Best to Execute This Idea?

23. BUT DON’T JUST DREAM

24. [F]INALLY

25. FIND THINGS YOU DON’T KNOW
“Where most entrepreneurs fail is on the things they don’t know they don’t know.”
– VinodKhosla

27. JUST REMEMBER
1. Find Product – Market Fit
2. Gather A Players
3. Build A+ Team
4. Focus to solve problems really really well
5. Your barrier-to-entry are your customers

28. “STAY HUNGRY, STAY FOOLISH!” - STEVE JOBS
Life is 20% What Happens to You and 80% How You Deal With It

29. MORE ABOUT THIS
Author
• James Vuong
• VP, Investment & Technology - IDG Ventures, Vietnam
Speaker
• Facebook.com/siberiavn
• siberia.posterous.com
• @siberiavn