E145E145 Technology EntrepreneurshipTechnology Entrepreneurship

Session 20Session 20Course SummaryCourse Summary

Professors Tom Byers and Randy KomisarStanford University

Copyright © 2007 by the Board of Trustees of the Leland Stanford Junior Universityand Stanford Technology Ventures Program (STVP). This document may be

reproduced for educational purposes only.

Agenda Agenda1. Team reflections and takeaways

2. OAP Votes

3. Recalling course objectives and methods

4. Next steps in entrepreneurship education

5. Appreciation

Recall Our ThreeRecall Our ThreeCourse ObjectivesCourse Objectives

1. Understand entrepreneurial leadership and itsprocess in technology industries. Dispel commonmyths and misconceptions.

2. Learn skills important for 21st century technologyleaders.

3. Stimulate continuous learning and personalreflection regarding entrepreneurship and yourfuture.

© 2003 Mark P. Rice, Babson

Examining the TechExamining the TechEntrepreneurship ProcessEntrepreneurship Process

Major Concepts and FrameworksMajor Concepts and Frameworks

• Sahlman's “concept of fit” model: People - Opportunity - Context - Deal

• Dorf and Byers’ “from opportunity to profitability”dynamics: Vision – Strategy - Execution

• Komisar's 3 Q's every VC wants to know: Big market + winning strategy + excellent team

• Kaplan's Silicon Valley game: Entrepreneurs trade stock for ideas, talent, and capital

• Moore’s technology adoption cycle and chasm model: Startup’s marketing strategy must adapt over time

• Byers ABC’s of human and financial resources: Great teams and staged venture financing

Teaching and LearningTeaching and LearningTechnology EntrepreneurshipTechnology Entrepreneurship

• Critical thinking through case studies.

• Teaching of basic terminology and conceptsthrough the texts and workshops.

• Teamwork through the opportunity analysisproject.

• Career planning through the personalbusiness plan.

Important Skills for TomorrowImportant Skills for Tomorrow’’ssEntrepreneurial LeadersEntrepreneurial Leaders

1. Creativity and Opportunity Evaluation

2. Real-time Strategy and Decision Making

3. Comfort with Change and Chaos

4. Teamwork

5. Evangelism, Selling, Negotiation, andMotivation through Influence and Persuasion

6. Oral and Written Communication

7. Basics of Start-Up Finance and Accounting

Importance of Course EvaluationsImportance of Course Evaluations(via Axess)(via Axess)

Next Steps in Entrepreneurship EducationNext Steps in Entrepreneurship Education

1. Visit http://stvp.stanford.edu for more courses @ Stanford

2. Visit open ETL lectures in person or access on the web athttp://etl.stanford.edu

3. Exploit video clips and podcasts at STVP Educators Corner athttp://edcorner.stanford.edu and similar archives

4. Join any of the entrepreneurship-related student clubs (e.g.,BASES, ASES, ATI, SWE, etc.)

5. Attend campus and Silicon Valley events regardingentrepreneurship (e.g., subscribe to BASES Digest athttp://bases.stanford.edu)

6. If you move to another area, seek out and create your owncontinuous learning opportunities

7. More than anything … think like an entrepreneur no matterwhat you do during parts of your career!

Final ExamFinal Exam

Special Comments by RandySpecial Comments by Randy

Special Thanks fromSpecial Thanks fromRandy and TomRandy and Tom

• To All of Our Distinguished Guests:Linda, Tina, Srinija, David, Martha, Dana,

Chi-Hua, Ravi, Gordy, and Bill

• To Our Dedicated Course Assistants:Eric Carr and Jason Davis

• To A Most Excellent Future E145 Instructor:Tom Kosnik

• To All 70 of You