Student Entrepreneurship on the University Campus Cam...

Student Entrepreneurship on the University CampusCam Houser, 3 Day Startup

Friday, March 18, 2011

1. Challenges to learning entrepreneurship on campus2. Practical advice for students about startup ideas, taking advantage of resources at your university, executing on your ideas, and some tips on pitching.


Engineering students have machine shops

An applied environment for entrepreneurship

Chemistry students have labsPainting students have workshops


3 Day Startup Program Outcomes

10 Companies that have collectively raised investment capital of $2MM:

7 events held in US and Europe6 events scheduled for 2011

Events:


Becoming a student entrepreneur


Student PerspectivesYour startup idea does not need to be:

• Unique

• Complex

• Clever

• Secret

• First to market

• High-technology

• Free of competition

• Based on a patent

• Something you thought of yourself


Market Validation is a process where you discover that:

• There is a true customer need for your solution

• Customers are willing to pay for your solution

Find good ideas by researching online and offline and targeting narrow "elds. Talking to customers will rarely send you in the wrong direction.


Human resources

• Universities are great place to meet cofounders

• Student networks

• Alumni networks

• A word on human factors

Execution:

• Execution is more important than your business idea

• Investors invest in the team more than the idea


Student Participant Outcomes

Schools are hubs of intelligent and talented people:

• Student networks and groups will lead to cofounders, "rst hires, beta testers, "rst customers• Alumni networks• Human factors are crucially important to early stage companies


Academics

• Entrepreneurship classes

• Grades

• Repurpose your class projects and assignments to your business ideas


Elevator pitch: be able to explain your business clearly in under 30 seconds


Guy Kawasakiʼs 30-20-10 rule of pitching:

30 point fonts (or larger)

20 minutes long (or less)

10 slides This is text in a 30 point font


Production Growth Stagnant


76%of workers prefer to work at home one day a week


This is a great time to be an entrepreneur! Good luck!


Contact info:[email protected]@cahouser

Questions?


mailto:[email protected]

mailto:[email protected]

Student Entrepreneurship on the University Campus Cam...

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