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MFP TakeawaysMFP TakeawaysVikram MalhotraNovember 30, 2007MFP TakeawaysFFAocusACCEESSMFP TakeawaysFK tit f FAocus•Key trait of entrepreneursAC•Chasm theory•Still allow for CE•Still allow for some explorationESSMFP TakeawaysFFAdaptationACdaptationCEESSMFP TakeawaysFC t tl FAdaptation•Constantly changing landscapeACdaptation•Business plan revisionCEESSMFP TakeawaysFFAACustomersCEustomersESSMFP TakeawaysFK h th FA•Know who they are – not always who you’d expectACustomerswho you d expect•IterateCEustomersESSMFP TakeawaysFFAACCExecutionESxecutionSMFP TakeawaysFC ’t t t k FA•Can’t get stuck strategizingAC•Don’t need the best answerCExecution•Get everyone on boardESxecutionboardSMFP TakeawaysFFAACCEESellingSellingMFP TakeawaysFFdiiFA•Fundraising•RecruitingACg•PartnersCE•SuppliersESellingSellingOne more time…It’s all about the


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Stanford E 140 - Lecture Notes

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