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