mit e center - elliot cohen
DESCRIPTION
Presentation during #StudytripusTRANSCRIPT
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MIT ENTREPRENEURSHI
P CENTER
Elliot Cohen
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Agenda
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Intros
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Background
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The Nudist on the Late Shift
“Every generation that came before us had to make a choice in life between pursuing a steady career and pursuing wild adventures
By injecting mind-boggling amounts of risk into the once stodgy domain of gray-suited business, young people no longer have to choose.
It’s a two-for-one deal: the career path has become an adventure into the unknown.
In six months you might get a job, be laid off, start a company, sell it, become a consultant, and then, who knows?”
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Startup Stages
Stage 1Inspiration /Idea/Tech
Stage 2Validation
Stage 3Develop Business Plan
Stage 4Build Product
Stage 5Scale, Scale, Scale
Raising Money
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We connect buyers with manufacturers.
Paul (Buyer) Julie (Manufacturer)
Find Products.
Showcas
e Products.
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Validate the idea
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Building a prototype
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Speed Bumps
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The Team…
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Why the heck did I stick around?
“Its nice to have an end to journey toward, but it’s the journey that matters in the end”
- Ursula K. Le Guin
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Dig in: GSD
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Pivoting
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Regrets?
What next?
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Questions
MIT Team Quality:What makes them stand out compared to
others?What selection process is there (if any)?
To succeed you have to have a technical background – thus writing code should be part of the curriculum
What are the key factors for a successful incubator?