Watch 1 episode of “Shark Tank”, a TV show about fake venture capitalists. Deliverable:Write a blog post with some reactions and reflections. How did the show make you feel? What surprised you? Did it change your mind?
NB: There will be a 12 question quiz about The Lean Startup.
Quiz first
30 minutes
Plan for today
Open discussion on working on projects in teams
New teams please sit together
Clarifying what it means to be on a project
Team dynamics is hard. Alignment is hard
Start by talking over what product your team wants to pick
What is your lattitude around the basic vision?
Choosing a Product
Be hard-nosed! Don’t go for what looks fun and cool ONLY
Challenge yourself and your teammates
Do a little research using your common sense!
Can you find other similar products, competitors, or related products, and is this a good or bad thing?
Look in Kickstarter and RocketHub. Are there any related projects?
Do you believe that you could actually get enough funding through Kickstarter or RocketHub to build a prototype?
What would the Sharktank say of it?
How big a real problem is this really solving?
For who, and do you think those people would be willing to pay for it?
How would you get it to them?
What kind of price do you think they would be willing to pay?
Are you pretty sure this can be productized (that is, not can we make a single one by hand, but can we make a lot of them?)