I like Eric Ries' definition. "A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty." A foundup is that very specific point where you have that epiphany and get your first seed investment or "sustaining" customer. You could also think of a foundup as any startup that hasn't crossed "the chasm".Today is a big day! Foundups.com 1st official early adapters meetup group take place in Washington DC.
So if you are attending tonight welcome and hello! You are an officially an early adapter and foundup leader. Remember, "a foundup is a founder with an idea for a lean startup bootstrapping a proof of concept" It's that simple! To share a bit of my story. I have been living in Japan for the last five years and in June 11, 2010 relocated back to DC to pursue my dreams and move my foundups forward. They include EDUIT.org, Wikitube.TV, and Foundups.com. A massive void exists from the the idea to the seed investor stage. I want to help eliminate this void and replace it with a systematic process that will allow virtually anyone to do foundups to startups.
In October 2010, I was first introduced to Eric Ries' lean startup ideas and my interest was tweaked. In December 09, 2010 a paradigm shift occurred as a result of applying my take on lean his methodology and I did my first foundup, "Wikitube.TV." Wikitube (a pandora/netflixs for social media) is an idea I have had since 2004 (it plays a key role in my plan to flattening global education) but just couldn't get it going using the startup 1.0 method.
Foundup aims to address and solve a very specific state in the startup life-cycle. I would like a group that talks and share their lean startup experience and to also teach other about the lean startups. The Foundup startups 2.0 method I am helping to pioneer (I don't like the term "lean") is an exciting new approach to develop startups. If you want more information on the lean startup 2.0 method being pioneered then I would strongly recommend you check out this blog. I have tried to consolidate the crux of Eric and others startup 2.0 ideas in one location and even talk about the foundup method that I am pioneering (foundups.com).
The purpose of the Foundups Meetup group is to share and network with other passionate startup 2.0 practitioner in order to help one another to get their foundups going.
Good luck! And thanks for the interest in this 1st of what I hope will be MANY foundup meetup groups around the world.
Sincerely and passionately,
Michael J. Trout
Founder
The purpose of the Foundups Meetup group is to share and network with other passionate startup 2.0 practitioner in order to help one another to get their foundups going.
Good luck! And thanks for the interest in this 1st of what I hope will be MANY foundup meetup groups around the world.
Sincerely and passionately,
Michael J. Trout
Founder







