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Session 4: The steps to get your startup going?
Session 4: The Steps to get your Startup Going
Master Agenda - Entrepreneurship 101Session 1 - January 10th - What is creativity? What is my passion?Session 2 - January 17th - Behavior traits for a successful entrepreneur.Session 3 - January 24th - Turning your passion into a business opportunity.Session 4 - January 31st - Steps needed for your startup ... 1,2,3 GO.Session 5 - February 21st - Financials of the business opportunity.Session 6 - February 28th - Presentation skills, successful pitches, what ideas got funded.Session 7 March 6th - Filing your patent, patent gotchas, successes and failures.Session 8 - March 14th - Pitch your business plan to VCs (only 12 spots will be available).
Weeks 1-3 recapWeek 1PassionCreativityProblemWeek 2LeadershipHardworkIntegritySocial Good
Week 3The Hacker WayThe VCBusiness Plan
Mini-exercise: What is your favorite Leadership trait?
Business Plan
Lets Get it Started
https://youtu.be/IKqV7DB8Iwg
Steps 1, 2, 3, 4An idea does not necessarily translate to a business ... create a business plan to bridge the two.Build a team doing it alone is not recommended.Build momentum get experts in the field to ratify and help.Get going start building in earnest. Incorporate. Get Investment. Start Selling.
How will a VC evaluate you?
Startup Terms and What they Mean?
Incorporation
https://youtu.be/nSsHAambpaM
Building a TeamVCs invest in the team, not necessarily in the idea.Build a complete team balance out your weaknesses.Divide and conquer.Lift up your team members, and not bring them down.
The Power of Teams
https://youtu.be/3YSgopGo7qE
What Happens to Successful Startups?An Exit EventIPOAcquisitionWithout an exit, it is all Paper Money!
Great Tips
Class Exercise
Class ExerciseIntroduce your Founding Team and Startup NameWhat does the Startup do (idea)?Pick one or two components from Business Plan template and describe the components to class.
Appendix
Start a Startup
Art of the Start
Art of the Start
Art of the Start
Art of the Start
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