Evan Hu (Ideaca) at Startup Grind Calgary | Summary and Q&A

TL;DR

Evan Hughes, a serial entrepreneur, shares his journey of starting and selling multiple companies in various industries, including consulting, music, and bicycles.

Key Insights

• 🥺 Evan Hughes' entrepreneurial journey started with small businesses as a necessity and eventually led him to start and sell multiple companies in various industries.
• ❓ He experienced both successes and failures in entrepreneurship but learned valuable lessons from each experience.
• 💗 Evan embraced the lean startup methodology and used it to guide his approach to starting and growing businesses.

Transcript

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Questions & Answers

Q: What were Evan Hughes' early experiences in entrepreneurship?

Evan's early experiences in entrepreneurship were rooted in necessity rather than passion, as he started small businesses like a lemonade stand and a dog walking service to make money.

Q: How did Evan transition from engineering to entrepreneurship?

After working in the engineering industry for a few years, Evan realized that he didn't enjoy the industry and found it to be a misogynistic and ageist environment. He decided to venture into the computer science field, which eventually led him to start his own consulting company.

Q: What were some of Evan's successes and failures in entrepreneurship?

Evan experienced success with his consulting company, Omni Logic, and later with Idea Cup, which he sold to Hitachi. However, he also faced failures, such as his venture into the music industry with Maple Music, which didn't achieve significant success. He learned valuable lessons from these failures and continued to pursue new opportunities.

Q: How did Evan apply the principles of lean startups in his businesses?

Evan discovered the lean startup methodology and found it to be a better approach to entrepreneurship. He applied the principles of building minimum viable products, testing with customers, and iterating based on feedback in his new business ventures.

Summary & Key Takeaways

• Evan Hughes discusses his entrepreneurial journey, starting with his background as the son of immigrant parents and his early experiences in the engineering industry.

• He shares his experiences of starting and selling companies such as Omni Logic and Idea Cup, as well as his foray into the music industry with Maple Music.

• Evan also talks about his involvement in the venture capital world and his current projects, including his bicycle company and a software startup.