Homework due for today
- Read “Lean Startup” Intro, Chapter 2 and 3. Prepare for an in class discussion!.
- Read and think about Pilot Project (P2P Tours). Deliverable: Forum Post: Briefly write up your thoughts and more detailed ideas for the pilot project.
- Read: Inventor who gave his idea away and Students Inventing Programs to Streamline Their Colleges. Deliverable: Forum post: Respond to one of these two articles. Thoughts, disagreements, insights, reflections
- Read: Product ideas. You will be free to use any of these. See if any of them appeal to you, you will use them in your brainstorming below.
Discussion
Guest teacher Tim Hickey (the one and only!)
- Discussion: Lets talk through Chapt Intro, 2 and 3 of TLS
Entrepreneurship
Ideas are cheap
- Everyone has a million ideas
- Few know how to turn the idea into a successful product or service
- Discussion: What is your definition of ‘successful?’
- 90/10 Rule
- Don’t be so secretive!
- (Almost) always gain more from sharing your idea and getting feedback
- vs. keeping it secret for imagined competitive advantage
- If your idea is so simple that a 10 minute description is enough to allow someone else to beat you…. then your idea wasn’t really worth that much anyway!
- Inventor who gave his idea away
Term Projects Kickoff
Here are some examples of previous term projects
In week 5 (Frame 1) we will begin working on the term projects. Between now and then we will be coming up with ideas, writing them up, etc.
right now First round of brainstorming on possible term projects. Collect them on whiteboard and write them down.
Next Class
- Plan ahead! every student will have to create at least one Term Product Brief. As we brainstorm about product ideas you can start collecting the ones that you like and want to put forward as your proposed term project brief.
- Next class: Hypotheses/Assumptions