E145E145Technology EntrepreneurshipTechnology EntrepreneurshipSession 20Session 20Course SummaryCourse SummaryConsulting Professors Steve Blank and Tom KosnikBased on slides by Professor Tom Byers, Founder of STVP and E 145Copyright © 2008 by the Board of Trustees of the Leland Stanford Junior University and Stanford Technology Ventures Program (STVP). This document may be reproduced for educational purposes only.AgendaAgenda1.Team reflections and takeaways2.OAP voting results and final exam preparation3.Recalling course objectives and methods4.Next steps in entrepreneurship education5.AppreciationFinal Exam Logistics and TipsFinal Exam Logistics and Tips1.See exam web page on E145 site; read World Indigo case beforehand2.Review key models and frameworks (e.g., lecture “handouts” on E145 site)3.Review highlighted sections and definitions from textbook4.Don’t worry about specifics of cases (e.g., actors) or OAPs (e.g., ideas)5.Review venture accounting & finance materials (e.g., workshops, case spreadsheets)Recall Our Three Recall Our Three Course ObjectivesCourse Objectives1.Understand entrepreneurial leadership and its process in technology industries. Dispel common myths and misconceptions.2.Learn skills important for 21st century technology leaders.3.Stimulate continuous learning and personal reflection regarding entrepreneurship and your future.© 2003 Mark P. Rice, Babson Examining the Tech Examining the Tech Entrepreneurship ProcessEntrepreneurship Process•Facebook•IMVU•WebTV•Palm I•anoGene•SolidWorks•Barbara A.•BioTransplant•Palm IIMajor Concepts and FrameworksMajor Concepts and Frameworks• Sahlman's “concept of fit” model:People - Opportunity - Context - Deal• Blank’s “Customer Development Model”• Dorf and Byers’ “from opportunity to profitability” model:Vision – Strategy – Execution• Kosnik’s “Partnership Portfolio Model”• Moore’s technology adoption cycle and chasm model:Adapting the marketing strategy over time• Byers’ ABCs of human and financial resources:Effective teams and use of staged venture financingBottom Line: Does the “Top 10 Enduring Elements” Document Make Sense?Teaching and Learning Teaching and Learning Technology EntrepreneurshipTechnology Entrepreneurship Critical thinking through case studies. Teaching of basic terminology and concepts through the texts and workshops. Teamwork through the opportunity analysis project. Career planning through the career panel, mentors, office hours, & personal business plan.Important Skills for TomorrowImportant Skills for Tomorrow’’s s Entrepreneurial LeadersEntrepreneurial Leaders1.Creativity and Opportunity Evaluation2.Real-time Strategy and Decision Making3.Comfort with Change and Chaos4.Teamwork5.Evangelism, Selling, Negotiation, and Motivation through Influence and Persuasion6.Oral and Written Communication7.Basics of Start-Up Finance and AccountingWinterOutstanding Undergrads & Coterms Apply To Be“Mayfield Fellows”SpringStudents Learn Structure & Methods of Start-ups;Students Seek Paid Assignments at High Tech Start-up CompaniesSummerStudents Leverage the Power of Real World, Hands-On ExperienceAutumnStudents Bring Back Experiences and Learn From Them As a Group3 Courses + Paid SummerInternship+ MentorsMayfield Fellows Program 2009Mayfield Fellows Program 2009(Application Deadline is February 1, 2009)(Application Deadline is February 1, 2009)http://mfp.stanford.eduImportance of Course Evaluations Importance of Course Evaluations (via Axess)(via Axess)Next Steps in Entrepreneurship EducationNext Steps in Entrepreneurship Education1.Visit http://stvp.stanford.edu for more courses @ Stanford, consider GEM and New Venture Creation.2.Visit open ETL lectures in person or access on the web at http://etl.stanford.edu3.Exploit video clips and podcasts at STVP Educators Corner at http://edcorner.stanford.edu and similar archives4.Join any of the entrepreneurship-related student clubs (e.g., BASES, ASES, ATI, SWE, SWIB, Energy Crossroads, NUSEA)5.Attend campus and Silicon Valley events regarding entrepreneurship (e.g., enter the E Challenge or Social E Challenge, subscribe to BASES at http://bases.stanford.edu)6.If your writing and Powerpoint skills are top notch, consider writing a case, note or chapter as an independent study7.We hope the following: think like an entrepreneur and recall our lessons @ times throughout all the stages of your career!Special Thanks fromSpecial Thanks fromSteve Steve and Tomand Tom•To All of Our Distinguished Guests:Mike Maples, Peter DouglasRavi Belani, Rowan Chapman, Chi-Hua Chien, Trae Vassalo, Connie Chan, Sachin Kansal, Andrew Chen, Graham Chisholm, Ryan Junee, Kimber Lockhart•To Our Dedicated Course Assistants:Boris Logvinskiy and Christina Cacciopo•To the OAP Mentors•To All 60 of