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New Venture Planning: Reality Check - Class #1 Overview (October 1, 2013)

Dive into the first class of New Venture Planning, where we explore the essentials for launching a successful startup. Gain insights into concepts, frameworks, and tools necessary for effective venture planning. Instructors Nathan Lillegard and Al Cochrane bring their rich experiences in entrepreneurship and startup growth. This course emphasizes the importance of your ideas, energy, and unique perspectives. Join us for a transformative journey that combines learning and hands-on experience in startup environments, preparing you for future opportunities in entrepreneurship.

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New Venture Planning: Reality Check - Class #1 Overview (October 1, 2013)

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  1. New Venture Planning - 2013 Class #1 – October 1, 2013

  2. Reality Check http://youtu.be/zq4_Uf1jQE8

  3. Welcome New Venture Planning is the first step… We provide: • Concepts and Context • Frameworks and Experience • Tools and Process suggestions You bring: • Ideas and energy • Curiosity and persistence • Unique skills, abilities, and perspectives

  4. Instructors Nathan Lillegard • 2006 Oregon MBA • Co-founder, Floragenex • Raised $1M+ Al Cochrane • Serial Entrepreneur CEO • Biotech to beer • Multiple BOD and IPOs

  5. The Goal… Fall 2nd year – New Venture Planning Winter & Spring – Venture Startup: 2 tracks • B-Plan competitions (Travel, prize $, experience) • Accelerator – Launch your business Corrosion Solutions – 2012 Red Duck Ketchup - 2013

  6. Results 3% Launch a Venture based on identified opportunity • Perpetua – 2005 • Floragenex – 2006 • Innovative Sports Strategies – 2007 • Corrosion Solutions – 2012 • Red Duck Ketchup - 2013 22% who participated in Venture Startup became involved in a startup within 5 years 100% gain transferable skills useful in any size or type of organization – teaching these skills is our focus

  7. Expectations • Treat NVP as you would a start-up • “It’ll take all that you can give and ask for more.” • You don’t know what you don’t know. • Keep up: Readings = context for class discussion • Pace yourself; built in checkpoints for progress

  8. Readings MGMT 625 – New Venture Planning

  9. Grading • 10/11 :List 10 targets for prob/sol interview: 5% • 10/25: Competitive and market assessment: 5% • 10/31: First presentation: Product/Market Fit: 10% • 11/26: LivePlan ‘Pitch’ Complete: 10% • 12/5: Completed LivePlan business plan: 10% • 12/12: Final presentations and business plan: 30% • Class participation and team engagement: 10% • Lean Stack (10%) and LivePlan (10%)

  10. General Format

  11. Questions Reading for this week – • Startup Owner’s Manual (SOM) -  Preface to Chapter 1 pages xiii-18 • Running Lean - Foreword – Ch. 3 (pp. xiii – 45) • Course packet - Pages 1-9 "Why the Lean Startup Changes Everything" HBR NEXT CLASS – Intro to the Lean Canvas • Via Skype – Ash Maurya, author “Lean Canvas”

  12. Idea Pitch • What’s your idea? • Who cares? • Is there a market? • What do you need?

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