Professional Documents
Culture Documents
Startup
This is where your
presentation begins.
Value profile
How would you like to track the money going in and out of your
business?
In a startup, the cash flow statement is paramount.
A balance sheet is a snapshot at a specific point in time, often
December 31st at the end of the year, and first shows a company's
assets. what are your assets? what do you own And what are the
company's responsibilities? What do you owe (equity)?
Real Options
A 'real option' is defined as:
future losses
By creating opportunities to bail out of a failing business idea:
You 'truncate' (cut off) high potential
Lists the different kinds of risks, operations, what you do in order to produce the
value, technology, legal, patents, intellectual property, competitors, regulatory, the
market place.
Try to estimate the bad things that can happen, maybe using some scenario analysis,
tell little stories about what could go wrong.
When you examine a risky situation, treat it like a coin, look at it from different
angles, re-frame it in order to avoid the psychological bias and avoid being
manipulated by people who are trying to manipulate our perception, either
increasing our risk perception, or in many cases diminishing it.
Designing the Business