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Nanyang Accelerator Program Introduction

Nanyang Accelerator Program Introduction . The Agenda. The mentoring team Programme objectives Mentoring team philosophy Our expectations of you. Steve Blank. 8 startups in Silicon Valley Semiconductors Supercomputers Consumer electronics Video games Enterprise software

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Nanyang Accelerator Program Introduction

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  1. Nanyang Accelerator ProgramIntroduction

  2. The Agenda • The mentoring team • Programme objectives • Mentoring team philosophy • Our expectations of you

  3. Steve Blank • 8 startups in Silicon Valley • Semiconductors • Supercomputers • Consumer electronics • Video games • Enterprise software • Military intelligence • sblank@stanford.edu • @sgblank • www.steveblank.com

  4. Facilitating team: Kee, YY, Sha

  5. Mentors • Mentors are people with real-world experience • Mentors role is to: • Help you “Get you out of the building” • Share contacts • Offer “Real-world” entrepreneurial advice • Critical feedback • You arrange your schedule for the mentors, not the other way around

  6. Some of the Mentors

  7. Programme Objective: Idea to a Business • What does it take to go from idea/MVP to a business? • Business Model + Customer Development • Hypotheses testing of the business models • Get “out of the building”

  8. Programme Objective: Helping startups • Experience the same pressures, uncertainty, and challenges of a real startup • We expect iterations and Pivots • Class is a “lab” - books/lectures are tools, not answers • Fail fast, learn quick, push you outside your comfort zone

  9. Mentoring team philosophy • This class is taught using the “Startup Culture” • Mentors are tough, direct, fair - you need to be the same • Startup culture has no hierarchy - in this class you are an entrepreneur – treat us like your peers, not your bosses or supervisors • 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 and know your domain better than we do

  10. Getting Out of The Building • This class is not only about the lectures • The class is about the work you do outside the building • It’s the difference between a vision and a hallucination

  11. 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 classroom • You all will do the work assigned • Commitment of time is required

  12. What Will you Learn? • Opportunity evaluation • Search for Business Models • Customer Discovery and Validation • Operating and decision making in chaos with insufficient data • Ruthless pursuit of an objective by a team

  13. The Programme ‘By the Numbers’ • 2 facilitators, 1 TA, 10 + Mentors • 9 sessions of evening class • 1 session of 15-minute sharing as graduation presentation 10-15 hours of work a week outside the classroom

  14. Class Logistics

  15. Course Reading • Business Model Generation • The Startup Owner's Manual • www.steveblank.com

  16. Class Schedule 10 (3 hour) Class Sessions: • 1: Introduction, Business Models, Customer Development • 2: Value Proposition • 3: Customer Segment • 4: Channels • 5: Demand Creation (Customer Relationships) • 6: Revenue Model • 7: Key Resources and Activities • 8: Cost Structure • 9: Key Resource • 10: Graduation Day

  17. New ventures • Team size of up to 5 people • Any for-profit scalable startup • If you are a domain expert, that’s your best bet (but not required) • If you pick a web project, you have to build it (and there needs to be some novelty) • If you have the MVP or just got funded, that is even better

  18. Team Deliverables - Presentation • Each Week • Lessons Learned presentation 5minutes • Updated business model canvas • Update blog/wiki • 10’s of hours of “outside the building” progress • Graduation Presentation • 15 minute demo and sharing

  19. Team Deliverables - Blog • Each Week • Business model canvas updates • Interviews • Photos/Videos • A/B tests • Strategy

  20. Class Disclosure/NDA’s • Successful startups are not about the original idea • It’s about learning, discovery and execution • You will not be presenting your IP/technical details • You get to see how previous teams solved problems by looking at their slides, notes and blogs Therefore: • Your slides, notes and blogs will be shared with other teams • This is an open class. No non-disclosures

  21. To sign up for the programme, please visit: www.ntuventures.com/accelerator.html

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