Student Entrepreneurship on the University CampusCam Houser, 3 Day Startup
Friday, March 18, 2011
Friday, March 18, 2011
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.
Friday, March 18, 2011
Friday, March 18, 2011
Friday, March 18, 2011
Engineering students have machine shops
An applied environment for entrepreneurship
Chemistry students have labsPainting students have workshops
Friday, March 18, 2011
Friday, March 18, 2011
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:
Friday, March 18, 2011
Becoming a student entrepreneur
Friday, March 18, 2011
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
Friday, March 18, 2011
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.
Friday, March 18, 2011
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
Friday, March 18, 2011
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
Friday, March 18, 2011
Academics
• Entrepreneurship classes
• Grades
• Repurpose your class projects and assignments to your business ideas
Friday, March 18, 2011
Elevator pitch: be able to explain your business clearly in under 30 seconds
Friday, March 18, 2011
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
Friday, March 18, 2011
Friday, March 18, 2011
Production Growth Stagnant
Friday, March 18, 2011
76%of workers prefer to work at home one day a week
Friday, March 18, 2011
This is a great time to be an entrepreneur! Good luck!
Friday, March 18, 2011
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