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I’ve introduced a new class at Stanford to teach engineers, scientists and other professionals how startups really get built. They are going to get out of the building, build a company and get orders in ten weeks. Jon Feiber of Mohr Davidow Ventures and Ann Miura-Ko of Floodgate are co-teaching the class with me (and Alexander Osterwalder is a guest lecturer.) We have two great teaching assistants , plus we’ve rounded up a team of 25 mentors (VC’s and entrepreneurs) to help coach the teams. Why Teach This Class?
For the past three months, we’ve run an experiment in teaching entrepreneurship. In January, we introduced a new graduate course at Stanford called the Lean LaunchPad . It was designed to bring together many of the new approaches to building a successful startup – customer development, agile development, business model generation and pivots . We thought it would be interesting to share the week-by-week progress of how the class actually turned out.
Make no little plans. They have no magic to stir men’s blood … Daniel Burnham A lot of entrepreneurs think that their startup is the next big thing when in reality they’re just building a small business. How can you tell if your startup has the potential to be the next Google, Intel or Facebook? A first order filter is whether the founders are aiming for a scalable startup . Go For Broke A few years ago I sat on the board of IMVU when the young company faced a choice my mother used to describe as “you should be so lucky to have this problem.”
Success consists of going from failure to failure without loss of enthusiasm . Winston Churchill Everyone knows what a startup is for – don’t they?
A journey of a thousand miles begins with a single step. Lao-tzu If you read the academic literature or business press, you might believe that large companies and their business models are brought by the stork . This series of posts are going to offer a new three-stage model of how startups grow into large companies.
There is nothing more powerful than an idea whose time has come Victor Hugo When The Boardroom is Bits A revolution has taken hold as customer development and agile engineering reinvent the Startup process. It’s time to ask why startup board governance has failed to keep pace with innovation. Board meetings that guide startups haven’t changed since the early 1900’s. It’s time for a change.