Mit e center - elliot cohen
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The document discusses entrepreneurship and starting a new business. It begins with a quote about how the career path has become an adventure for young people today. It then outlines the typical stages of starting a new business, from the initial inspiration to scaling the company. An example is provided of a startup that connects buyers and manufacturers. The presentation discusses validating ideas, building prototypes, speed bumps encountered, and the importance of teamwork. It ends with questions about what makes MIT entrepreneurship teams stand out and the keys to a successful business incubator program.
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Mit e center - elliot cohen
- 1. Mit entrepreneurship Center Elliot Cohen
- 2. Agenda
- 3. Intros
- 4. Background
- 5. The Nudist on the Late Shift “Every generation that came before us had to make a choice in life between pursuing a steady career and pursuing wild adventures By injecting mind-boggling amounts of risk into the once stodgy domain of gray-suited business, young people no longer have to choose. It’s a two-for-one deal: the career path has become an adventure into the unknown. In six months you might get a job, be laid off, start a company, sell it, become a consultant, and then, who knows?”
- 6. Startup Stages Stage 2 Validation Stage 3 Develop Business Plan Stage 4 Build Product Stage 1 Inspiration /Idea/Tech Stage 5 Scale, Scale, Scale Raising Money
- 7. We connect buyers with manufacturers. Paul (Buyer) Julie (Manufacturer)
- 10. Speed Bumps
- 11. The Team…
- 12. Why the heck did I stick around? “Its nice to have an end to journey toward, but it’s the journey that matters in the end” - Ursula K. Le Guin
- 13. Dig in: GSD
- 14. Pivoting
- 16. Questions MIT Team Quality: What makes them stand out compared to others? What selection process is there (if any)? To succeed you have to have a technical background – thus writing code should be part of the curriculum What are the key factors for a successful incubator?
Hinweis der Redaktion
- [click] We help wholesale buyers of specialty food products, like Hilda, to discover and connect with small and medium sized manufacturers of specialty food products, like Julie.This is a huge problem for Paul . . . . [click] Metro has almost 50,000 in each of it’s stores . . . [click] he is supposed to replace 30% of those each year . . . . there are over 1,000,000 buyers like Paul and there are [click] 100,000 mfrs spending $3.7 b . . . trying to get thru to Paul .Yet there is still no good way for Paul to efficiently find the products he needs (from among the millions of options)Point: We heard from a buyer last week that she spends 2 hours a day looking for new products. In fact she often brings her laptop onto the floor so she can google for a product when she thinks of it, or gets a customer request. But google is almost as inneficient.0:25