Pathways to Venture Creation May 2010

Pathways to Venture Creation 3-Day Start-ups Capital Factory Confidential property of Laura J. Kilcrease

3-Day Start-Up Student produced start-ups Led by students For students Confidential property of Laura J. Kilcrease

3-Day Start-Up Time - 60 hours Goals - Product demo - Business Plan Confidential property of Laura J. Kilcrease

3-Day Start-Up Day 1 Activities – Ideas/technology came from - Students - Entrepreneurs - TTO – Student groups of 6-8 people – Group brainstorm ideas Confidential property of Laura J. Kilcrease

3-Day Start-Up Idea Selection: – All groups assemble – Each team pitches best idea(s) to group – Debate and choose best ideas Confidential property of Laura J. Kilcrease

3-Day Start-Up Day 2 – Each team starts on work – Additional ideas may arise – Teams may re-shuffle based on idea/evolution – Teams delegate assignments to members – Experts assist: VCs, past participants, incubator staff, teachers, etc. Confidential property of Laura J. Kilcrease

3-Day Start-Up Day 3 – Final pitch: V.C.s Angels Advisors Teachers etc. Confidential property of Laura J. Kilcrease

3-Day Start-Up Teaching Learned organically No curriculum Un-structured organization to ensure progress Inter-disciplinary learning from other team members and experts Confidential property of Laura J. Kilcrease

3-Day Start-Up End Goals Students with ideas gain support & feedback Companies actually start Facilitates “live” student entrepreneurship Firm launching platform Confidential property of Laura J. Kilcrease

Capital Factory Target participants: Existing fledgling companies Graduating student businesses Confidential property of Laura J. Kilcrease

Capital Factory Time weeks Goals - Product demonstration - Assessing and testing market potential - Early customer Confidential property of Laura J. Kilcrease

Capital Factory Target 10 companies 20 mentors (chosen by business experience & skills) Mentors: Successful entrepreneurs, business angels, industry leaders & service providers Confidential property of Laura J. Kilcrease

Capital Factory Week 1 Activities – Lead mentor assigned to each firm – Self assessment of needs and tasks – Introductions to service providers Confidential property of Laura J. Kilcrease

Capital Factory Weeks 2-9 – Weekly meetings with all groups – Talks by mentors and guest on experiences & skills – Lead mentor brings additional mentor help to firm as and when needed Confidential property of Laura J. Kilcrease

Capital Factory Week 10 – Product demo - Prospective customers - Experts - Mentors Confidential property of Laura J. Kilcrease

Capital Factory Teachings Mentors - Domain expertise - Lessons learned Capital efficiency Confidential property of Laura J. Kilcrease

Capital Factory Boot-strapping Service providers - Trade practices - Leveraging resources Confidential property of Laura J. Kilcrease

Capital Factory Goals – Accelerated business progress – Introduction to investors – Intense learning and practice on building the business – Network of resources – Receive $20,000 in exchange for equity - No cash cost to participants Confidential property of Laura J. Kilcrease

Capital Factory QUESTIONS? Confidential property of Laura J. Kilcrease