Page ‹#›E140A Slide #1Welcome … The Journey Begins!Mayfield Fellows Program 2009Engineering 140A Session #1 Management and Leadershipof Technology VenturesE140A Slide #2Agenda and Roles… Tina Seelig… Sarah Arora… Tom Byers… Our 2009 FellowsPage ‹#›E140A Slide #3IcebreakersE140A Slide #42009 MentorsPage ‹#›E140A Slide #5Our Big Hairy Audacious Quest1. How do we prepare students to beinnovative and creative professionals?2. How do we prepare students for aglobal workplace?Source: David Wormley, Penn StateE140A Slide #6http://stvp.stanford.eduPage ‹#›E140A Slide #7STVP’s “Market Segments” ~ 6K Stanford science and engineeringstudents each year (plus others on campus) ~ 3K entrepreneurship educators atuniversities & colleges around the world ~ 3 million students and professionalsaround the world eager to learn high-growthentrepreneurship and innovationE140A Slide #8Growth of Design andEntrepreneurship EducationPage ‹#›E140A Slide #94. Planet’s21st-centuryMajor Crises3. School’sReputation(CompetitiveAdvantage)2. Region’sEconomicDevelopment1. Student’sSkillDevelopmentEntrepreneurship EducationEntrepreneurship Education’’s s Driving ForcesDriving ForcesSkill Development:Creating“T-Shaped” PeopleBreadth of Knowledge aboutEntrepreneurship, Innovation, and LeadershipDepth of Knowledgein aParticularDisciplinePage ‹#›E140A Slide #11E140A Slide #12Page ‹#›E140A Slide #13http//:ecorner.stanford.eduE140A Slide #14Page ‹#›E140A Slide #15““What is Entrepreneurship Anyway?What is Entrepreneurship Anyway?””ExerciseExerciseE140A Slide #16A way of leading that can be taught and learned!"Entrepreneurship is a management style that involvespursuing opportunity without regard to the resourcescurrently controlled. Entrepreneurs identify opportunity,assemble required resources, implement a practical actionplan, and harvest the rewards in a timely, flexible way.““Any attempt at new business or new venture creation,such as self-employment, a new business organization, orthe expansion of an existing business, by an individual, ateam, or an established business.”References: Various Including Harvard and BabsonPage ‹#›E140A Slide #17What is High-Technology?What is High-Technology?E140A Slide #18Mayfield Fellows ProgramMayfield Fellows Program“Learning is based on discovery guided by mentoringrather than on the transmission of information.”~ Boyer Commission Reporton Undergraduate EducationPage ‹#›I. SPRINGStudents learn structureand methods of start-ups;Students search for paidassignments at high techstart-up companiesII. SUMMERLeverage the power of real-world, hands-on experienceIII. AUTUMNStudents bring backexperiences and learnfrom them as a groupEach Fellow has 3 Mentors for 2009!• Venture Capitalist• Alumnus of MFP• Entrepreneur @ Summer Employer3 Courses +3 Courses +PaidPaidSummerSummerInternshipInternshipA Program for All SeasonsA Program for All SeasonsE140A Slide #20The Essence of Entrepreneurship is ActionThe Essence of Entrepreneurship is Action(Fits Well with Kolb(Fits Well with Kolb’’s s ““Stages of LearningStages of Learning”” Model) Model)1. Thinking & Conceptualization2. Watching & Observation3. Feeling (Passive Experience)4. Doing and Active Experience~70%90%+ThroughMFP!Page ‹#›E140A Slide #21LetLet’’s Get Organizeds Get OrganizedE140A Slide #22Reference: Steven BrandtMFPMFPPage ‹#›E140A E140A ““By the NumbersBy the Numbers”” 4 Texts: Moore, Collins and Lazier, Dorfand Byers, Riggs 4+ Key Models/Frameworks includingCollins and Lazier’s V-I-E, Moore’sChasm, Cialdini’s Influence, andSahlman’s Dynamic Fit. 3 Special Sessions on Leadership 10 In-depth Case Studies Skills Workshops: Job Search,Accounting, Online: Video Clips, Web-basedReadings, and Email Broadcasts Special MFP Events (receptions at KPCBand DFJ) 29 Teachers and Mentors:3 Stanford (Sarah, Tina, & Tom), 6Venture Capital Mentors, 12 MFP AlumniMentors, & 12 Distinguished Guests(entrepreneurs and VCs) Group Case Openings and EmailHomework Assignments Term Project MFP Forum Postings on Google Summer Job Search and Selection Defining Our Culture andPersonality in MFP 2008Inputs OutputsBottom Line?The theory of entrepreneurialleadership as preparation for thepractical experience in the summer.E140A Slide #24A A ““Success FormulaSuccess Formula”” for MFP for MFP Show up on time and be truly “present” with us (e.g.,no FaceBook, email, cell phones, etc.) Be nice to people (e.g., constructive comments only,careful listening, and one speaker at a time) Do what you say you will do and deliver more thanyou promise (e.g., real entrepreneurs get things done) Do it with energy and passion (e.g., everyonecontributes and participates)Reference: JM PerryPage ‹#›E140A Slide #25“Primary Question or Concern”E140A Slide #26A A ““To DoTo Do”” List for this Week List for this Week Skim everything on the MFP and E140A’s site today. Prep for Session #2 on Thursday regarding the job search …read its session page carefully on E140A site. Start reading due in Session