General Assembly recently partnered with 500 Startups to provide a pre-accelerator prep program for new graduates of of GA immersion programs. During the four week program, the startups will spend one week at GA’s SF campus learning the ins and out of lean product development.
Pre-commitment means deciding ahead of time what you’ll do if the results of a lean experiment turn out one-way or the other. It was one of the most effective tools I used this summer to move five startup teams from ideas to revenue in ten weeks.
This class looks at the startup’s key activities and resources, and how much they’ll cost, to make the product the business sells
Writing for the web is a critical skill that will impact a startup during all of its life phases. Writing will almost always be how the company introduces itself to potential customers and investors.
Steve Blank defines “Revenue Model” as the strategy the company uses to generate cash from each Customer Segment. In short, it’s how the company gets paid.
Pitches should include data from the team’s experiments, embed stories so there is a narrative to the pitch, skip cliches , and use images not words!
The heart of the curriculum today was distribution channels. That is, the way customers are going to get their products or services delivered.
Moving into the third week now of the startup accelerator, I’m starting to get more of a rhythm for how the business model canvas class is run.
I view good experiments as the most critical skill to improve as an entrepreneur. The problem to avoid is bi-fold: (1) throwing everything at the wall to see what sticks and (2) not completing experiments before starting new ones.
The goal of the first class is to get the teams into “startup” mode. That means out of school mode, where they are supposed to be giving the right answer.
I had an idea of what we needed to accomplish at the kickoff but I didn’t have a proper agenda I wanted to follow. In the true spirit of learning and entrepreneurship, I discovered that was a mistake! So here’s the agenda I wish I had made before the kickoff.
Week 1 of the startup accelerator at the University of Oklahoma
The 8 elements of building a successful coworking space that is part of the local business community as well as an engine for creativity, growth and jobs.