From Invention to Start-Up

1
From Invention to Start-Up

• Personal Risks and Rewards
• Jeff Hussey
• Fluid Capital, LLC

2
What comes first?

• Invention?
• Start-Up?
• Innovation?
• The invention may be the innovation
• It might not be
• A key component of the invention is understanding
  its application

3
Are you right or just sure?

• How do you know?
• What do your customers say?
• Will they put their money where their mouth is?
• How many?
• Keep asking the question

4
What are you working for?

• It isnt just about money
• Its about creating sustainable value
• Whats your
• Vision
• Mission
• Culture

5
What are the risks?

• Professional
• Personal
• It requires a massive amount of time
• Involves a lot of stress
• Takes a toll on your family
• Takes a toll on your finances

6
What is your role?

• CEO
• CTO
• Product Manager
• Cheerleader

7
Every problem is a personnel problem

• Dont be a problem
• Ego is dilutive to net worth

8
What are the rewards?

• Intrinsic
• Assemble and grow an effective team
• Create and retain satisfied customers
• Change the world, or at least a part of it
• Extrinsic

9
Good toys
10
My .02

• Know yourself
• Be honest with yourself and significant others
• Try to keep a balance
• Have fun!

11
Good Luck!

• Thanks