E145/STS173
High-Technology Entrepreneurship
Session 20
Class Summary
Professors Tom Byers and Randy Komisar
Stanford University
Copyright © 2004 by the Board of Trustees of the Leland Stanford Junior University
and Stanford Technology Ventures Program (STVP). This document may be
reproduced for educational purposes only.
Agenda
•
Recalling course objectives
•
Next steps in entrepreneurship education
•
Giving thanks
Recall Our Three Course Objectives
1.
Understand entrepreneurial leadership and its
process in high-technology industries. Dispel
common myths and misconceptions.
2.
Learn skills important for 21st century
technology leaders.
3.
Stimulate continuous learning and personal
reflection regarding entrepreneurship and your
future.
Examining the High-Tech
Entrepreneurship Process
Our Major Concepts and Frameworks
•
Sahlman's “concept of fit” model:
People - Opportunity - Context - Deal
•
Dorf and Byers’ “from opportunity to profitability” dynamics:
Vision – Strategy - Execution
•
Komisar's 3 Q's every VC wants to know:
Big market + Winning strategy + Excellent team
•
Kaplan's Silicon Valley game:
Entrepreneurs trade stock for ideas, talent and capital.
•
Moore’s technology adoption cycle and chasm model:
Entrepreneurial marketing strategy must adapt over time.
•
Byers and Komisar’s ABC’s of human and financial resources:
Great teams and venture financing
Learning by Doing

Critical thinking through case studies.

Teaching of basic terminology and concepts through the
text and workshops.

Teamwork through the opportunity analysis project.

Career planning through the personal business plan.
Seven Important Skills for Tomorrow’s
Entrepreneurial Leaders Stressed in E145
1.
Creativity and Opportunity Evaluation
2.
Real-time Strategy and Decision Making
3.
Comfort with Change and Chaos
4.
Teamwork
5.
Evangelism, Selling, Negotiation, and Motivation
through Influence and Persuasion
6.
Oral and Written Communication
7.
Basics of Start-Up Finance and Accounting
Next Steps in Entrepreneurship Education?
1.
2.
3.
4.
5.
6.
7.
Visit http://stvp.stanford.edu for more courses
Visit free ETL lectures in person or view on the
web at http://etl.stanford.edu
Join any of the campus e-ship student clubs
Attend campus and Silicon Valley events regarding
entrepreneurship
Review all E145 materials
If you move to another area, seek out or create
your own learning opportunities
Most of all … think and act like an entrepreneur!
Many Thanks
•
To Our Distinguished Guests
•
To Our Teaching Assistants
•
To All of the Students