Cosi102

## About the course

* What is entrepreneurship anyway?
* I sometimes describe it as:
    * "What a computer scientist needs to know to be a Chief Technology Officer"
    * "The biggest pitfall among computer scientists, hackers, and software engineers, is to start building a product before they have a clue if anyone actually wants it."

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### Get to know each other -- ask your neighbor

* I will start
* What is your name?
* What is the story of your name?
* What is something about your home town that only people who live there know?

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### What will it be like?

* We will learn entrepreneurship processes and tools from "The Lean Startup"
* We will hear from guest speakers 
* Working in teams we will invent a product and validate in many ways
* We will analyze the business opportunity and produce and present a business plan

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### To help us form teams

* Tell us about yourselves
* Do this [Simple Questionnaire](https://forms.gle/KYiLVRJQum8JEppw8)
* How will teams get formed and how will they work?

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### Logistics

* Let's look at this web site itself
* Let's look at Moodle
* Let's look at the skills
* Let's look at the "textbook"

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## Your responsibilities
* Bookmark this site. You will use it more than moodle!
* Review the next class to see what the required readings are
* I will *not* re-state the contents in the book
* Attend in person and participate

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<h2 id="business-plan-and-strategy">Business plan and strategy</h2>

<div class="callout callout-small">
  <span class="callout-badge">Note</span>you will not be implementing the product or business!! You will be writing a business plan and strategy
</div>

<ul>
  <li>You will answer questions like:
    <ol>
      <li>What users want this product and are willing to pay for it?</li>
      <li>How will you reach them and convince them to buy?</li>
      <li>How will the business grow?</li>
      <li>How much capital do you need?</li>
    </ol>
  </li>
</ul>

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<h3 id="the-kinds-of-ideas-that-we-are-looking-for">The kinds of ideas that we <strong>are</strong> looking for</h3>

<ul>
  <li>Ideas that are worth funding</li>
  <li>Which means that they will make money, not a little, but a lot</li>
  <li>Or another kind of impact, not a little but a lot</li>
  <li>Products which take away a major pain, expense, risk, delay</li>
  <li>We are looking for “an aspirin” not “a vitamin”</li>
  <li>We need to be able to identify (“find”) the customers</li>
  <li>They need to be willing to pay for it</li>
</ul>

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<h3 id="what-we-are-not-looking-for">What we are <strong>not</strong> looking for</h3>

<ul>
  <li>Ideas which are cute, funny, clever</li>
  <li>Products that you yourself would not be willing to pay for</li>
</ul>

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### How to be successful in this class

* It's all about working as a team! 
* We will talk a lot more about this
* Next is to learn and understand the processes and tools from the Lean Startup
* Attending class i smandatory and participation is expected
* Homework will be due the night before class, by midnight.

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<h2 class="shadow p-3 bg-white rounded">Thank you. Questions?<img class="img-fluid w-100" src="https://picsum.photos/800/100.jpg" /> <small> (random Image from picsum.photos)</small></h2>