Startup Talk - by Jugal Anchalia

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Startup Talk
By Jugal Anchalia Date - 5th Dec 2016
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About

• JustDoc enables online consultation over chat,
  video audio between doctors and patients across
  the world
• Have consulted over 1,000,000 patients across the
  globe in over 15 specializations
• Started in August 2015 by Jugal Anchalia
  Abhishek Kumar
• Fastest growing telemedicine platform in India

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What is a Startup? A startup is a human
institution designed to create a new product or
service under condition of extreme uncertainty
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What do you need to do?

• Find the Product-Market Fit - The most important
  objective for any entrepreneur is to build a
  product that caters to the need of a new market
  or provides solution in a new way to an existing
  market.
• Validate your learnings - While building the
  right product, you need to measure the value
  offered to customers the potential to scale
  rapidly.

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What do you need to do? (2)

• Solve Real Problems - Whether you are in a b2c
  market or a b2b market, your product should solve
  real problems for your customers not the
  problems that you think people have.
• Get out of the building - Talk to your users and
  use that feedback to iterate the product.

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Building a Minimum Viable Product (MVP)
Data
Product
Ideas
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Common mistakes to avoid
Copying superficial things Hiring
Resumes Giving up too early Getting distracted
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Rise on the shoulder of giants

• Must Read
• Paul Graham Essays
• The Lean Startup by Eric Ries
• Hard things about hard things by Ben Horowitz
• Hooked by Nir Eyal
• Zero to One by Peter Thiel
• Marc Andreessen Blog
• Crossing the Chasm by Geoffrey Moore

• Should Read
• Rework by Jason Fried David Hansson
• Behind the Cloud by Marc Benioff (Saas)
• The 7 habits of highly effective people by
  Stephen Covey
• The Power of Habit by Charles Duhigg

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Stories from past
Facebook - Raised first round with 0 revenue
Value (repeat twice a day) Growth (70 of
Harvard in 1m)
Airbnb - Added lots of users using Craigslist
Raised money by selling Obama Mccain cereals
Ola Cabs - Pivoted business model after 2 years
came to zero bank balance twice
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