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The Lean LaunchPad

Lecture 0: Introduction to the Class


                 Steve Blank
                 Jon Feiber
                  Jon Burke

           http://i245.stanford.edu/
This Session

•   The teaching team
•   Course objective(s)
•   Teaching team philosophy
•   Our expectations of you
Teaching Team
Steve Blank,Jon Feiber, John Burke




                               •   BS CS/Astro Physics U of   •   Yale BS EE
8 startups in Silicon Valley       Colorado                   •   McKinsey and Co.
• Semiconductors               •   VP Networking SUN          •   Charles River Ventures
                               •   V.C. @ MDV since 1991      •   Stanford Ph.D MS&E
• Supercomputers                                              •   TA: E145, Mayfield Fellows,
• Consumer electronics                                        •
                                                                  MS&E 273
                                                                  V.C. @ Floodgate
• Video games
                                                              ann@floodgate.com
• Enterprise software                                         @annimaniac
• Military intelligence
   sblank@stanford.edu
        @sgblank
    www.steveblank.com
Steve Blank, Jon Feiber, John Burke




8 startups - 32 years in Silicon Valley
• Semiconductors
• Supercomputers
• Consumer electronics    • BS CS/Astro Physics U of Colorado • Yale BS EE Co.
                                                              • McKinsey and
• Video games
• Enterprise software     • 50 employee, VP Networking @ Sun • Charles River Ventures
                                     th
• Military intelligence                                       • Stanford Ph.D MS&E
                          • V.C. @ MDV since 1991             • V.C. @ Floodgate
Teach: Stanford, Berkeley, Columbia   jdf@mdv.com             ann@floodgate.com
Details at www.steveblank.com                                     @annimaniac
Steve Blank, Jon Feiber, John Burke




8 startups - 32 years in Silicon Valley
• Semiconductors
• Supercomputers
• Consumer electronics           • BS CS/Astro      •   BSMechEngineering U.C. Berkeley,
• Video games                        Physics U of
• Enterprise software                Colorado       •   BA Economics U.C. Santa Cruz,
• Military intelligence          • 50th employee,   •   MBA Harvard Business School
                                VP Networking
Teach: Stanford, Berkeley, Columbia
                                @ Su                •   Founder BMI Software
Details at www.steveblank.com                       •   VC at ABS Ventures
                             • V.C. @ MDV
                               since 1991
                                                    •   Co-founder True Ventures
                             • jdf@mdv.com                  jburke@trueventures.com
                                                                  @andemca
Alexander Osterwalder, Tina Seelig




• Ph.D. in Management Information
  Systems (MIS) University of Lausanne     Ph.D. Neuroscience Stanford Med School
• Founder, Business Model Foundry          • Mgmt consultant Booz, Allen, Hamilton
• Author Business Model Generation         • Multimedia producer at Compaq
                                           Computer
• Co-founder, The Constellation for AIDS   • Founder multimedia
  competence (NGO)                         companyBookBrowser.
                                           • Exec Director Stanford Technology
                                              Ventures Program (STVP), EpiCenter
                                                     • tseelig@stanford.edu
                                                           • @tseelig
Alexander Osterwalder, Tina Seelig




8 startups - 32 years in Silicon Valley
• Semiconductors
• Supercomputers
• Consumer electronics                    • Ph.D. Neuroscience Stanford Med School
• Video games
• Enterprise software                     • Mgmt consultant Booz, Allen, Hamilton
• Military intelligence
                                          • Multimedia producer at Compaq Computer
Teach: Stanford, Berkeley, Columbia       • Founder multimedia companyBookBrowser.
Details at www.steveblank.com             • Exec Director Stanford Technology Ventures
                                            Program (STVP), EpiCenter
                                                      tseelig@stanford.edu
                                                             @tseelig
Course Assistant (CA’s)




    Thomas Haymore                           Stephanie Glass

•B.A. in Political Science              •MS MS&E 2010
• Stanford Law („06)
• J.D. Stanford Law („12)
thomas.haymore@gmail.com




    •CA’s role: Class/lecture questions, Grading and attendance
Course Assistant (CA’s)




            Thomas Haymore                         Stephanie Glass

B.A. in Political Science
• Stanford Law („06)
                                              •MS MS&E 2012
• J.D. Stanford Law („12)


thomas.haymore@gmail.com                         srglass@stanford.edu




          •CA’s role: Class/lecture questions, Grading and attendance
Course Objective: Idea to a Business

• What does it take to go from idea to a business?
  – Business Model + Customer Development
  – Hypotheses testing of the business model(s)
  – Get “out of the building”
Course Objective: Simulate A Startup?

• Create the pressures, uncertainty, and challenges
  of a real startup
  – Our expectations are unreasonable, they require
    extraordinary effort
  – We expect failures, iterations and Pivots
  – Class is a “lab” - books/lectures are tools, not answers
  – Fail fast, learn quick, push you outside your comfort zone
Teaching team philosophy

• This class is taught using the “Startup Culture”
  – We‟re tough, direct, fair - you need to be the same
  – Startup culture has no hierarchy - in this class you are an
    entrepreneur - not a PI, lab mgr or center director
  – We‟re your biggest supporters – we want you to succeed
• Question us, challenge us, push us as hard as we
  push you
• We don‟t pretend to be domain experts, we know
  you are smarter than we are
Getting Out of The Building

• This class is not about our lectures
• The class is not about your attendance
• The class is about the work you do outside the
  building
• It‟s the difference between a vision and a
  hallucination
Our Expectations of You

• This is a full-contact, immersive class
   – All of you will be full participants – here and remotely
   – You will spend lots of time outside of your university
   – You all will do all the work assigned (and it is a lot
     more than you probably realize)
   – No “dine and dash”
• If you think you are not learning, or you all
  cannot commit the time, see your NSF program
  manager
Team Deliverables

• Each Week
  – Lessons Learned presentation 5 minutes
  – Updated Lean LaunchLab blog
  – Hours of “outside the building” learning


• December Presentation
  – 20 minute Lessons Learned Summary
Syllabus

Each week
• We teach you about the business model
• You get out of the building and test hypotheses
• Your team presents what you all learned
Repeat for 8 weeks
Syllabus for Today

• 9:30–10:30am Panel: Scientist and Engineers as
  Founders and Entrepreneurs
• 10:30–1:00pm Class 1: Business Model/Customer
  Development
• 3:00–4:00pmWorkshop: Lean LaunchLab sftwr
• 4:00–5:00pmWorkshop: Mentor Tutorial
• 5:30–6:30pm Workshop: Unleashing Creativity

Homework: Business Model Hypotheses – present tomorrow!
Syllabus for Tomorrow

• 9:00–1:00pm Class 2: Value Proposition
• 1:00- 7:00pm Get Out of the Building
• 7:00–8:00pmWorkshop: How to Get out of the
  Building while Protecting My IP

Homework: Value Proposition Hypotheses –
          present findings tomorrow!
Syllabus for Wednesday

• 9:00–1:00pm Class 3: Customers/Users/Payers
• 1:00- 1:30pm Workshop: Emerging Success
  Stories
• 7:00–8:00pmWorkshop: Customers, Customers

Homework: Customer Hypotheses – present findings Oct 18th!
Syllabus for Oct 18th - Nov 15th

• 9:00–1:00pm PST Classes 4 – 8


Homework: You present findings every week to all teams
Syllabus for Dec 13th – 14th

• Dec 13th 9:00–5:00pm PST
  – Rehearsal Day at Stanford


• Dec 14th 9:00–5:00pm PST
  – Demo Day at Stanford


All team members required both days
The Lean LaunchPad
Panel: Scientist and Engineers as
Founders and Entrepreneurs


                        Panelists:
 Kevin Dewalt Founder ClaimAway, Jason Lohn co-Founder,
  CEO of X5 Systems, Dave Merrill Founder, CTO of Sifteo,
         Kumar Goswami Founder, CEO of Kaviza


                 http://i245.stanford.edu/

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Intro to the class

  • 1. The Lean LaunchPad Lecture 0: Introduction to the Class Steve Blank Jon Feiber Jon Burke http://i245.stanford.edu/
  • 2. This Session • The teaching team • Course objective(s) • Teaching team philosophy • Our expectations of you
  • 4. Steve Blank,Jon Feiber, John Burke • BS CS/Astro Physics U of • Yale BS EE 8 startups in Silicon Valley Colorado • McKinsey and Co. • Semiconductors • VP Networking SUN • Charles River Ventures • V.C. @ MDV since 1991 • Stanford Ph.D MS&E • Supercomputers • TA: E145, Mayfield Fellows, • Consumer electronics • MS&E 273 V.C. @ Floodgate • Video games ann@floodgate.com • Enterprise software @annimaniac • Military intelligence sblank@stanford.edu @sgblank www.steveblank.com
  • 5. Steve Blank, Jon Feiber, John Burke 8 startups - 32 years in Silicon Valley • Semiconductors • Supercomputers • Consumer electronics • BS CS/Astro Physics U of Colorado • Yale BS EE Co. • McKinsey and • Video games • Enterprise software • 50 employee, VP Networking @ Sun • Charles River Ventures th • Military intelligence • Stanford Ph.D MS&E • V.C. @ MDV since 1991 • V.C. @ Floodgate Teach: Stanford, Berkeley, Columbia jdf@mdv.com ann@floodgate.com Details at www.steveblank.com @annimaniac
  • 6. Steve Blank, Jon Feiber, John Burke 8 startups - 32 years in Silicon Valley • Semiconductors • Supercomputers • Consumer electronics • BS CS/Astro • BSMechEngineering U.C. Berkeley, • Video games Physics U of • Enterprise software Colorado • BA Economics U.C. Santa Cruz, • Military intelligence • 50th employee, • MBA Harvard Business School VP Networking Teach: Stanford, Berkeley, Columbia @ Su • Founder BMI Software Details at www.steveblank.com • VC at ABS Ventures • V.C. @ MDV since 1991 • Co-founder True Ventures • jdf@mdv.com jburke@trueventures.com @andemca
  • 7. Alexander Osterwalder, Tina Seelig • Ph.D. in Management Information Systems (MIS) University of Lausanne Ph.D. Neuroscience Stanford Med School • Founder, Business Model Foundry • Mgmt consultant Booz, Allen, Hamilton • Author Business Model Generation • Multimedia producer at Compaq Computer • Co-founder, The Constellation for AIDS • Founder multimedia competence (NGO) companyBookBrowser. • Exec Director Stanford Technology Ventures Program (STVP), EpiCenter • tseelig@stanford.edu • @tseelig
  • 8. Alexander Osterwalder, Tina Seelig 8 startups - 32 years in Silicon Valley • Semiconductors • Supercomputers • Consumer electronics • Ph.D. Neuroscience Stanford Med School • Video games • Enterprise software • Mgmt consultant Booz, Allen, Hamilton • Military intelligence • Multimedia producer at Compaq Computer Teach: Stanford, Berkeley, Columbia • Founder multimedia companyBookBrowser. Details at www.steveblank.com • Exec Director Stanford Technology Ventures Program (STVP), EpiCenter tseelig@stanford.edu @tseelig
  • 9. Course Assistant (CA’s) Thomas Haymore Stephanie Glass •B.A. in Political Science •MS MS&E 2010 • Stanford Law („06) • J.D. Stanford Law („12) thomas.haymore@gmail.com •CA’s role: Class/lecture questions, Grading and attendance
  • 10. Course Assistant (CA’s) Thomas Haymore Stephanie Glass B.A. in Political Science • Stanford Law („06) •MS MS&E 2012 • J.D. Stanford Law („12) thomas.haymore@gmail.com srglass@stanford.edu •CA’s role: Class/lecture questions, Grading and attendance
  • 11. Course Objective: Idea to a Business • What does it take to go from idea to a business? – Business Model + Customer Development – Hypotheses testing of the business model(s) – Get “out of the building”
  • 12. Course Objective: Simulate A Startup? • Create the pressures, uncertainty, and challenges of a real startup – Our expectations are unreasonable, they require extraordinary effort – We expect failures, iterations and Pivots – Class is a “lab” - books/lectures are tools, not answers – Fail fast, learn quick, push you outside your comfort zone
  • 13. Teaching team philosophy • This class is taught using the “Startup Culture” – We‟re tough, direct, fair - you need to be the same – Startup culture has no hierarchy - in this class you are an entrepreneur - not a PI, lab mgr or center director – We‟re your biggest supporters – we want you to succeed • Question us, challenge us, push us as hard as we push you • We don‟t pretend to be domain experts, we know you are smarter than we are
  • 14. Getting Out of The Building • This class is not about our lectures • The class is not about your attendance • The class is about the work you do outside the building • It‟s the difference between a vision and a hallucination
  • 15. Our Expectations of You • This is a full-contact, immersive class – All of you will be full participants – here and remotely – You will spend lots of time outside of your university – You all will do all the work assigned (and it is a lot more than you probably realize) – No “dine and dash” • If you think you are not learning, or you all cannot commit the time, see your NSF program manager
  • 16. Team Deliverables • Each Week – Lessons Learned presentation 5 minutes – Updated Lean LaunchLab blog – Hours of “outside the building” learning • December Presentation – 20 minute Lessons Learned Summary
  • 17. Syllabus Each week • We teach you about the business model • You get out of the building and test hypotheses • Your team presents what you all learned Repeat for 8 weeks
  • 18. Syllabus for Today • 9:30–10:30am Panel: Scientist and Engineers as Founders and Entrepreneurs • 10:30–1:00pm Class 1: Business Model/Customer Development • 3:00–4:00pmWorkshop: Lean LaunchLab sftwr • 4:00–5:00pmWorkshop: Mentor Tutorial • 5:30–6:30pm Workshop: Unleashing Creativity Homework: Business Model Hypotheses – present tomorrow!
  • 19. Syllabus for Tomorrow • 9:00–1:00pm Class 2: Value Proposition • 1:00- 7:00pm Get Out of the Building • 7:00–8:00pmWorkshop: How to Get out of the Building while Protecting My IP Homework: Value Proposition Hypotheses – present findings tomorrow!
  • 20. Syllabus for Wednesday • 9:00–1:00pm Class 3: Customers/Users/Payers • 1:00- 1:30pm Workshop: Emerging Success Stories • 7:00–8:00pmWorkshop: Customers, Customers Homework: Customer Hypotheses – present findings Oct 18th!
  • 21. Syllabus for Oct 18th - Nov 15th • 9:00–1:00pm PST Classes 4 – 8 Homework: You present findings every week to all teams
  • 22. Syllabus for Dec 13th – 14th • Dec 13th 9:00–5:00pm PST – Rehearsal Day at Stanford • Dec 14th 9:00–5:00pm PST – Demo Day at Stanford All team members required both days
  • 23. The Lean LaunchPad Panel: Scientist and Engineers as Founders and Entrepreneurs Panelists: Kevin Dewalt Founder ClaimAway, Jason Lohn co-Founder, CEO of X5 Systems, Dave Merrill Founder, CTO of Sifteo, Kumar Goswami Founder, CEO of Kaviza http://i245.stanford.edu/