1. Day 5: Team Formation and Roles
Global Startup Labs
Day 5: Team Formation and Roles
Finalizing Problems

2. Order of Events Announcements VC’s Vs. Angels Peter Thiel’s Article
Team Roles (Postponed)
Finalizing Problems (Postponed)
Announcements & HW

3. Announcements Attendance: absence requires prior permission
Event of the week: Alumni day on Friday – 3 to 7pm
New teaching assistant: Lashan
GSL: New website
Social media: FB, twitter

4. Presentations: VC’s Vs. Angels
3 minutes
What is the difference between a VC and an Angel?
Just cold call, think about who – 2 people

5. Venture Capitalists
Provide capital to early stage companies (high potential / high risk)
Make money by owning equity
Provide growth funding
After seed funding
Before co. is mature enough for bank loans
Generate return through IPO, trade sale, etc.
Gain significant control over company decisions, ownership, and value.
Note to instructor: background, entrepreneurship exp, fun fact
IPO: ‘Initial Public Offering’ or stock market launch. The company sells stock to the public for the first time.

6. Angel Investors
Provide capital to startups in exchange for equity or convertible debt
Also second round (after seed funding)
Usually interested for other reasons than pure profit
Often provide mentoring, valuable contacts, business management advice
Typically invest own funds (in different forms) rather than OPM
Note to instructor: background, entrepreneurship exp, fun fact
Convertible debt: A bond that can be converted into a specified number of company shares later on

7. Discussion: Peter Theil’s Article
What did you learn from Peter Theil’s article?
Just cold call, think about who – 2 people

8. Discussion: Peter Thiel’s Article
Startups are ‘0 to 1’ solutions to problems, hence they lead to global development
Knowing which ‘0 to 1’ problem to pursue is tricky, but the process is worthwhile. So ask yourself:
WHAT IS VALUABLE?
WHAT CAN I DO?
WHAT IS NO ONE ELSE DOING?
Note to instructor: background, entrepreneurship exp, fun fact

9. Homework: Individual Complete survey on today’s class:
Pick a startup that you think is cool and be prepared to make a presentation about its story – tell us what problem it solves, why it is better than other solutions, why you think it is cool, how they make their money etc.
No Sri Lankan startups
Not something famous like FB, Twitter, Instagram etc.
Come prepared ready to discuss and finalize your top ideas tomorrow