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Book Description

Get the real guidance you need to create and build your first startup company from founders who have been there many times before.

The first run printing of The Startup Playbook SOLD OUT! So, we revised, expanded, and improved this second edition, including a new foreword by Brad Feld, author of Venture Deals.

We still give our personal, how-to guide for building your startup from the ground up. You'll find a collection of the major lessons and shortcuts we've learned that will shift the odds in your favor. We're sharing our tips, secrets, and advice in a frank, founder-to-founder discussion with you.

We make no bones about our bias. We're on your side, the founder's side. While venture capitalists, investors, and accelerators/incubators can add great value in the startup ecosystem, this book isn't about their points of view. We'll tell you where our interests as founders diverge from those on the other side of the table—investors, bankers, advisors, board members, and others—and what to do when that happens.

The Startup Playbook is not a recipe, it's not a template, it's not a list of tasks to do. It's our insider's guide to starting a company and running it successfully in those critical early months. Between us, we've started over a dozen high-tech software companies and raised over $500 million in investment capital. We've acquired over thirty-five companies, had three of our startups go public, sold six of them, and we made billions of dollars for shareholders. We've also invested in over eighty startups, advised and mentored over two hundred companies and actively worked with venture capitalists (VCs), incubators, and accelerators to help launch many other new startups.

We've had plenty of failures, too. And we've probably learned more from those than from the successes. We share those lessons as well.

The Startup Playbook is full of our advice, guidance, do's, and don'ts from our years of experience as founders many times. We want to share our hard-earned knowledge with you to make success easier for you to achieve.

"This book is extraordinarily fresh and exciting. In an accessible, straight talk fashion, this book is a manual, and an inspiration. The Startup Playbook is smart and avoids the 'I am so smart' over-writing endemic to the genre. Read this as it is presented. You'll be doing yourself a tremendous favor."
Amazon Reviewer

Table of Contents

  1. Cover
  2. Foreword
  3. Introduction
    1. Starting a Company Is Easy. Starting a Sustainable, Growing Business Is Hard. Really Hard.
    2. How This Book Is Organized
    3. Our Assumptions
    4. Who Should Read This Book?
    5. Let's Get Started
    6. Note
  4. Part I: I Want to Start a Company
    1. Chapter 1: What Is a Startup?
      1. The Definition of Startup
      2. Startups Exist in Many Sectors
      3. Notes
    2. Chapter 2: Why Start a Company?
      1. The Allure of Startups
      2. Why Should You Start a Company?
      3. Notes
    3. Chapter 3: Am I Cut Out to Found a Startup?
      1. The First Question You Should Ask
      2. Roles of the Founding Team
      3. Notes
    4. Chapter 4: Qualities of a Founder
      1. It's More Than Just a Job
      2. Habits of a Founder
      3. Sacrifices of a Founder
      4. Note
  5. Part II: Getting Off the Ground
    1. Chapter 5: How Do I Know If My Idea Is Good or Not?
      1. An Idea Is Just an Idea
      2. Coming Up with Your Initial Idea
    2. Chapter 6: Vetting Your Vision
      1. Refine, Refine, and Then Refine Some More
      2. Who Are Your Customers?
      3. What Is Your Value Proposition?
    3. Chapter 7: Product-Market Fit
      1. The Gateway to Success: Product-Market Fit
    4. Chapter 8: If You Build It, They Will Come
      1. Can You Build a Team?
      2. Can You Build the Product?
      3. Note
    5. Chapter 9: Your Market
      1. How Will You Be Different?
      2. How Will You Go-to-Market?
      3. Notes
    6. Chapter 10: Money—Getting It and Making It
      1. How Will You Make Money?
      2. Can You Get Funding?
    7. Chapter 11: Getting Help
      1. Finding Mentors
    8. Chapter 12: Pulling the Founding Team Together
      1. The Most Important Aspect of Your Startup Is the Founding Team
      2. Building the Founding Team
      3. Notes
    9. Chapter 13: Equity Splits
      1. Splitting the Pie
    10. Chapter 14: Operating as a Founding Team
      1. The Complexity of Founding Teams
    11. Chapter 15: How Do I Form My Company?
      1. Creating a Legal Entity
      2. Organization
      3. Where Do I Incorporate?
      4. Getting a Lawyer
      5. Choosing a Company Name
      6. Founder's Stock
      7. Intellectual Property Agreements
      8. Notes
    12. Chapter 16: Finance and Human Resources
      1. Company Hygiene—The Early Required Systems
      2. Insurance
  6. Part III: Funding Your Startup
    1. Chapter 17: Funding Basics
      1. Raising Money Is a Process
      2. Why Do You Even Need to Raise Money?
      3. What It Means to Raise Money
      4. Glossary of Terms
      5. Note
    2. Chapter 18: Sources of Capital
      1. Loads of Options
      2. Notes
    3. Chapter 19: Prerequisites for Funding
      1. Getting Capital
      2. Before You Raise Money
      3. Nail Your Strategy and Business Model
      4. Build the Financial Model
      5. Decide How Much Money You Want to Raise
      6. Choose Your Source of Capital
      7. Notes
    4. Chapter 20: Running Your Fundraising Process
      1. Chances of Getting Funded
      2. Who Do You Target?
      3. Getting to Your Targets
      4. Accelerators
      5. Getting Investment Capital—Angels and VCs
      6. Note
    5. Chapter 21: Your First Investor Meeting
      1. The First One May Be the Most Important One
    6. Chapter 22: What Happens after You're Finished with Fundraising?
      1. You've Got Capital. Now What?
      2. Failed Investment Process
      3. Alternatives to Raising Money
      4. Note
  7. Part IV: Running Your Company
    1. Chapter 23: How Do I Build and Deliver a Great Product?
      1. The Product Is Just Part of What You're Selling
      2. Initial Product
      3. Note
    2. Chapter 24: Making Your Customer Successful
      1. Documentation, Instructions, and Guides
      2. Interactive Support
      3. Planning Your Future Offering
    3. Chapter 25: How to Get Customers
      1. Why Focus on a Go-to-Market Plan?
      2. Pricing Strategy
    4. Chapter 26: Your Marketing Approach
      1. Letting Potential Customers Know You Exist
    5. Chapter 27: Sales and Distribution Strategy
      1. How to Sell
    6. Chapter 28: You Don't Run Your Company, Your Culture Does
      1. Moving Forward
      2. Building Your Culture
      3. It's All About the People
      4. Note
    7. Chapter 29: Hiring and Managing Your Team
      1. It's the Most Important Thing You Do for Your Company
      2. Managing Your Team
      3. Notes
    8. Chapter 30: Scaling the Company
      1. To Grow Fast, You Need to Scale
  8. Conclusion
    1. Lessons
  9. Acknowledgments
  10. About the Authors
  11. Index
  12. End User License Agreement
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