Entrepreneurship - Deepstash

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Entrepreneurship

61 STASHED IDEAS

  • if a startup has a million dollars in the bank and spends $100k per month, its runway is 10 months. 
  • Based on this definition, the "runway" can be extended in two ways: by reducing costs or raising additional funding.
  • However, Eric Ries suggests defining the runway in a different way - through the number of pivots that a startup can make. 
  • Then, to extend it, you need to learn how to make turns as quickly as possible. 
  • The need to make a pivot is indicated by a decrease in the effectiveness of product experiments.

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MANIPULATION MATRIX

The manipulation matrix: Has four quadrants that show the different types of creators: the peddler, the facilitator, the dealer, and the entertainer.

  1. The facilitator. The facilitator helps users create healthy habits
  2. The peddler.  Peddlers rely heavily on advertisements and create products that users rarely want
  3. The entertainer. Creates a product that they cannot in good conscience claim that the user wants
  4. The dealer. Dealers create products that they personally cannot use because they are often manipulative and exploitative

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For the student
  • But if you are a student and you don't have a concrete idea or a business plan then the best way you can utilize your time is by learning to code
  • You might be from any background learning to code is not limited to just CS students anymore 
  • This is the smart way of doing things as you will not only have the ability to build your own unicorn 🤯
  • But also will be a great fallback skillset when you stack up on your current skills and ability..... 😀

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