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New Venture Planning - 2013

New Venture Planning - 2013. Class #1 – October 1, 2013. Reality Check. http://youtu.be/zq4_Uf1jQE8. 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

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New Venture Planning - 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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