New Venture Planning - 2013 Class #1 – October 1, 2013.
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Transcript of New Venture Planning - 2013 Class #1 – October 1, 2013.
New Venture Planning - 2013
Class #1 – October 1, 2013
Welcome
New Venture Planning is the first step…
We provide:– Concepts and Context– Frameworks and Experience– Tools and Process suggestions
You bring:– Ideas and energy– Curiosity and persistence– Unique skills, abilities, and perspectives
Instructors
Nathan Lillegard• 2006 Oregon MBA• Co-founder, Floragenex• Raised $1M+
Al Cochrane• Serial Entrepreneur CEO• Biotech to beer• Multiple BOD and IPOs
The Goal…
Fall 2nd year – New Venture PlanningWinter & Spring – Venture Startup: 2 tracks
1. B-Plan competitions (Travel, prize $, experience)2. Accelerator – Launch your business
Corrosion Solutions – 2012 Red Duck Ketchup - 2013
Results
3% Launch a Venture based on identified opportunity– Perpetua – 2005 – Floragenex – 2006 – Innovative Sports Strategies – 2007– Corrosion Solutions – 2012 – Red Duck Ketchup - 2013
22% who participated in Venture Startup became involved in a startup within 5 years
100% gain transferable skills useful in any size or type of organization – teaching these skills is our focus
Expectations
• Treat NVP as you would a start-up– “It’ll take all that you can give and ask for more.”– You don’t know what you don’t know.
• Keep up: Readings = context for class discussion• Pace yourself; built in checkpoints for progress
Readings
MGMT 625 – New
Venture Planning
Grading
• 10/11 : List 10 targets for prob/sol interview: 5%• 10/25: Competitive and market assessment: 5%• 10/31: First presentation: Product/Market Fit: 10%• 11/26: LivePlan ‘Pitch’ Complete: 10%• 12/5: Completed LivePlan business plan: 10%• 12/12: Final presentations and business plan: 30%• Class participation and team engagement: 10%• Lean Stack (10%) and LivePlan (10%)
General Format
• Customer Discovery• Define UVP, MVP• Define your ‘Lean Canvas’
Assess and Validate (weeks 1-4)
• Understanding costs• Defining revenue models• Establishing Milestones
Plan and Build (weeks 5-8)
• Completing LivePlan • Developing your pitch deck• Competing at Venture Quest
Pitch and Sell (weeks 9-10)
Questions
Reading for this week – • Startup Owner’s Manual (SOM) - Preface to
Chapter 1 pages xiii-18• Running Lean - Foreword – Ch. 3 (pp. xiii – 45) • Course packet - Pages 1-9 "Why the Lean
Startup Changes Everything" HBRNEXT CLASS – Intro to the Lean Canvas• Via Skype – Ash Maurya, author “Lean Canvas”
Idea Pitch
• What’s your idea?• Who cares?• Is there a market?• What do you need?
