Llp tecnico-class1

LLP@TecnicoClass 1

Luis Caldas de Oliveira

Agenda for Class 1

• Class introduction

• Weekly class scheduling

• Teams and business ideas

• LPC – Launch Pad Central

• Work for next week

CLASS INTRODUCTION

Instructors

• Prof. Luis Caldas de Oliveira(lco@tecnico.ulisboa.pt)

• Prof. Miguel Amaral(miguel.amaral@tecnico.ulisboa.pt)

• Diogo Henriques(carlos.diogo@tecnico.ulisboa.pt)

Key Concepts

• Students are experts in their fields

• Advisors are technical consultants

• Mentors are business counselors

• Instructors are experts in the LLP model

Key Points

• Evidence-based entrepreneurship (not “faith-based”)

• Students need to “get out of the building”

• Time management: intense and fast

• Community: every class member must actively comment the other teams

Before Each Class• Talk to 10 customers about lecture (n-2)

• Update narrative and canvas (n-2)

• Revise MVP based on findings about (n-2)

• Prepare presentation with findings about (n-2)

• Formulate hypotheses about (n-1)

• Prepare interviews about (n-1)

• Talk to mentors and advisors

• Watch Udacity lecture (n)

In Class

• Q&A about lecture (n-1)

• Team present findings about (n-2)

• Summary of lecture (n)

WEEKLY CLASS SCHEDULING

Weekly Class

• 3 hours preferably starting at 5 PM

• All teams must be present

• Some members maybe away for part of the class

• All members must present during team presentation

Mandatory Office Hours with Partners, a Mentor dedicated to team, uses LPC for review, Advisors as domain experts

Lean LaunchPad

1 week before

Mentorship

Product Continual Revisions to MVP based on Customer Discovery

Customer Discovery

Team presents weekly in front of cohort, formal curriculum, Optional: Office space, weekly dinners w/guest speakers

10-15 customer interviews/week, present results in front of peers

FramingHypotheses

Education / Community

Application by BMC, Initial Canvas, Updated Weekly Canvases

Lessons Learned What we thought, what we did, what we found, what’s next.

LPC: LAUNCH PAD CENTRAL

LPC

• www.launchpadcentral.com

TEAMS AND BUSINESS IDEAS

WORK FOR NEXT WEEK

Customer Discovery• Death by Demo 1

http://vimeo.com/groups/204136/videos/76390080

• Death by Demo 2http://vimeo.com/groups/204136/videos/76172223

• Death by Powerpointhttp://vimeo.com/groups/204136/videos/76171146

• Understanding the problemhttp://vimeo.com/groups/204136/videos/76173388

• Attention to Outliershttp://vimeo.com/groups/204136/videos/76177672

NEXT WEEK

Before Next Class• Talk to 10 customers about your project

• Learn to use LaunchPad Central (LPC)

• Update LPC Narrative and Canvas

• Prepare Class Presentation

• Watch Videos

• Lecture 1: What We Now Know

• Lecture 1.5: Business Models and Customer Development

• Lecture 2: Value Proposition

Slides• Slide 1: Cover slide

• Slide 2: Business Model Canvas

• Slide 3: Identify market type

• Slide 4: Identify market size

• Slide 5: Identify competitors

• Slide 6: Propose experiments to test Value Propositions, Customer Segments, channel, and revenue model of the team’s business model. What constitutes a pass/fail signal for each test?

Obrigado