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1 of 22
2 years,
                             1 deck
                             Things…
                            We did right
                            We did wrong




flickr: pictureperfectpose       #seedcamp – @andreasklinger
June 2010




            Sept. 2011




ext
             May 2012
      2.0


                         @andreasklinger
Text

June 2010 - Garmz.com
You design, we do the rest.

                              @andreasklinger
Bird-eye view of
our processes.

Done for a
“F-Level” Investor.

“Most complex business
model ever (tm).”

It worked. But too
many moving parts.




               @andreasklinger
G
     IN
    TH
             Bird-eye view of
D
A


             our processes.
B




             Done for a
             “F-Level” Investor.

             “Most complex business
             model ever (tm).”

             It worked. But too
             many moving parts.




                            @andreasklinger
G
      IN
    TH
D

    Us:
A
B




    fanbase     crowd-    proto-     pre-     prod-
                                                       logistics
    building   sourcing   typing   ordering   uction




    Competitor:

    fanbase     crowd-    proto-     pre-     prod-
                                                       logistics
    building   sourcing   typing   ordering   uction
G
     IN
    TH
D
A
B




             @andreasklinger
G
           IN
        TH
       E
    M
   O
  ES
AW




 Very Strong Community & Support

 Mostly through telling the “Startup Story”

                                              @andreasklinger
Very successful competition:
- 7 Fashion shows
- 25k+ new users
- 100’s of sketches submissions
- 100’s of collections (first time)

All numbers UP X-times
During fundraising !
                                     @andreasklinger
G
     IN
    TH
D
A
B




         Very successful competition:
         - 7 Fashion shows
         - 25k+ new users
         - 100’s of sketches submissions
         - 100’s of collections (first time)

         All numbers UP X-times
         During fundraising !
                                              @andreasklinger
G
     IN
    TH
D
A
B




     Competition Created
     “Dataschmutz”

     * Users had huge extra incentive.
     * Marketing can hurt your numbers.
     * While we decided on how to
       relaunch we had dirty numbers.
                                          @andreasklinger
G
           IN
        TH
       E
    M
   O
  ES
AW




  September 2011
  Launch of LOOKK.com


                        @andreasklinger
G
           IN
        TH
       E
    M
   O
  ES
AW




                                INVESTORS
                               Carmen Busquets
                                Dave McClure
                                Eden Ventures
                                Sherry Coutu
                                 Tom Hulme
                                  Seedcamp
                                 500 Startups
                                      …

 Acceptance in fashion scene    PARTNERS
 + Awesome investors           Rafael Jimenez
                               Marco Innocenti
                                      …

                                                 @andreasklinger
G
           IN
        TH
       E
    M
   O
  ES
AW




                                  Won
                               Techcrunch’s

                               “Best Fashion
                                 Startup”

                                 Europas


 Acceptance in fashion scene
 + Awesome mentors


                                           @andreasklinger
G
     IN
    TH
D
A
B




    Relaunch = “All-in Pivot”
    Bad:
     * should have “launched”
        separately (no compromise)
     * slow big change
     * worried a lot about scaling
     * based on invalidation not
        validation (no learning what
        actually works)


                                       @andreasklinger
G
           IN
        TH
       E
    M
   O
  ES
AW




 Starting to rethink…


 Found out we were biasing &
 misunderstanding customers…
 Please watch
 Rob’s Talk: http://bit.ly/rf-custdev




                                        @andreasklinger
G
           IN
        TH       Started doing
       E
    M

                 Customer Development
   O
  ES
AW




                  Turns out… We had no idea.



                 Pink = assumptions
                 Yellow = new learned facts




                            <- Sea of Sorrow

                            aka Invalidated
                            Assumptions

                                  @andreasklinger
G
           IN
        TH
       E
    M
   O
  ES
AW




  Jan 2012 - Instead changing the whole website
   & backend-processes (3 months lead)
   we started experimenting with isolated tests …

                                                    @andreasklinger
G
           IN
        TH
       E
    M
   O
  ES
AW




  LOOKK 2.0
   * zoom-in pivot
   * focus on the things that worked


                                       @andreasklinger
G
           IN
        TH
       E
    M
   O
  ES
AW




  LOOKK 2.0:

   fanbase         crowd-    proto-     pre-      prod-
                                                           logistics
   building       sourcing   typing   ordering    uction




  * focus on the things that worked
  * focused team -> down to 3 people (excl. me)
No longer operative since
     November 2012

      Move to Berlin:
 Prototyping on new ideas.




2 Years of rollercoaster
2 Years of failure and success
2 Years of loads of awesome learning

                                       #seedcamp – @andreasklinger
Thanks!
                                    2 years 1 deck




                            #seedcamp – @andreasklinger



flickr: pictureperfectpose

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2 years, 1 deck - Lessons learned doing my startup

  • 1. 2 years, 1 deck Things… We did right We did wrong flickr: pictureperfectpose #seedcamp – @andreasklinger
  • 2. June 2010 Sept. 2011 ext May 2012 2.0 @andreasklinger
  • 3. Text June 2010 - Garmz.com You design, we do the rest. @andreasklinger
  • 4. Bird-eye view of our processes. Done for a “F-Level” Investor. “Most complex business model ever (tm).” It worked. But too many moving parts. @andreasklinger
  • 5. G IN TH Bird-eye view of D A our processes. B Done for a “F-Level” Investor. “Most complex business model ever (tm).” It worked. But too many moving parts. @andreasklinger
  • 6. G IN TH D Us: A B fanbase crowd- proto- pre- prod- logistics building sourcing typing ordering uction Competitor: fanbase crowd- proto- pre- prod- logistics building sourcing typing ordering uction
  • 7. G IN TH D A B @andreasklinger
  • 8. G IN TH E M O ES AW Very Strong Community & Support Mostly through telling the “Startup Story” @andreasklinger
  • 9. Very successful competition: - 7 Fashion shows - 25k+ new users - 100’s of sketches submissions - 100’s of collections (first time) All numbers UP X-times During fundraising ! @andreasklinger
  • 10. G IN TH D A B Very successful competition: - 7 Fashion shows - 25k+ new users - 100’s of sketches submissions - 100’s of collections (first time) All numbers UP X-times During fundraising ! @andreasklinger
  • 11. G IN TH D A B Competition Created “Dataschmutz” * Users had huge extra incentive. * Marketing can hurt your numbers. * While we decided on how to relaunch we had dirty numbers. @andreasklinger
  • 12. G IN TH E M O ES AW September 2011 Launch of LOOKK.com @andreasklinger
  • 13. G IN TH E M O ES AW INVESTORS Carmen Busquets Dave McClure Eden Ventures Sherry Coutu Tom Hulme Seedcamp 500 Startups … Acceptance in fashion scene PARTNERS + Awesome investors Rafael Jimenez Marco Innocenti … @andreasklinger
  • 14. G IN TH E M O ES AW Won Techcrunch’s “Best Fashion Startup” Europas Acceptance in fashion scene + Awesome mentors @andreasklinger
  • 15. G IN TH D A B Relaunch = “All-in Pivot” Bad: * should have “launched” separately (no compromise) * slow big change * worried a lot about scaling * based on invalidation not validation (no learning what actually works) @andreasklinger
  • 16. G IN TH E M O ES AW Starting to rethink… Found out we were biasing & misunderstanding customers… Please watch Rob’s Talk: http://bit.ly/rf-custdev @andreasklinger
  • 17. G IN TH Started doing E M Customer Development O ES AW Turns out… We had no idea. Pink = assumptions Yellow = new learned facts <- Sea of Sorrow aka Invalidated Assumptions @andreasklinger
  • 18. G IN TH E M O ES AW Jan 2012 - Instead changing the whole website & backend-processes (3 months lead) we started experimenting with isolated tests … @andreasklinger
  • 19. G IN TH E M O ES AW LOOKK 2.0 * zoom-in pivot * focus on the things that worked @andreasklinger
  • 20. G IN TH E M O ES AW LOOKK 2.0: fanbase crowd- proto- pre- prod- logistics building sourcing typing ordering uction * focus on the things that worked * focused team -> down to 3 people (excl. me)
  • 21. No longer operative since November 2012 Move to Berlin: Prototyping on new ideas. 2 Years of rollercoaster 2 Years of failure and success 2 Years of loads of awesome learning #seedcamp – @andreasklinger
  • 22. Thanks! 2 years 1 deck #seedcamp – @andreasklinger flickr: pictureperfectpose