Entrepreneurship: Company-Building from Formation to Successful Exit
Winter 2020
For a number of years, Greg Gottesman and his fellow Madrona Venture Group Managing Director Matt McIlwain taught an entrepreneurship course in the Foster School of Business. During Winter 2014 they taught the course in the Paul G. Allen School of Computer Science & Engineering, targeted to a technical audience that included CSE undergraduate and graduate students as well as Foster School MBA students. Greg offered a repeat of the course in Winter 2015 - an offering that added students from Interaction Design and MHCI+D to the mix. In Winter 2016, 2017, 2018 and 2019, Greg - now Managing Director and Co-Founder of Pioneer Square Labs - offered it again. And now, in Winter 2020, Greg will again offer the course, with an assist, as in past years, from Allen School professor Ed Lazowska.
Greg is the very best. He has invested in over 100 companies as a venture capitalist, played a founding role in more than a dozen startups, and helped fund more than 15 UW CSE spinouts. He and the colleagues he will rope into providing guest lectures and student feedback have a wealth of experience to share. The course is, above all, practical - interdisciplinary teams will develop a pitch, business plan, and product demo.
This course is open to Allen School undergraduates, combined BS/MS students, Professional Masters Program students, and Ph.D. students, as well as to Foster School MBA and EMBA students, students in Interaction Design, graduate students in Human Centered Design & Engineering, and students in the Master of Human-Computer Interaction and Design program - all by permission of the instructors in order to ensure balance among the participants. There will be no auditing - everyone needs to be all-in. And project teams will form early - if you hang on for a week or two and then bail, you'll be letting others down, so please don't do this.
The course will meet Wednesday evenings from 6:00-9:15, from January 8 through March 4, in PACCAR 291. Final project presentations will take place Wednesday March 11 from 4:00-7:30 in the Zillow Commons of the UW Bill & Melinda Gates Center.
This is a four credit, graded course. The UW faculty contact (and the author of this web page - don't blame Greg!) is Ed Lazowska.
Course Application
Course application is closed - we are wildly over-subscribed.
Course Syllabus, Reading Assignments, and Homework Assignments
Here is a detailed syllabus in Word and pdf that includes the content of each evening's presentation, the schedule of reading assignments, and the schedule of homework assignments. The two sections below are quoted from the syllabus:
Course Objectives
The course objectives are two-fold: (1) to develop an awareness and understanding of the range, scope, and complexity of issues involved in starting a technology business; and (2) to gain insight into how entrepreneurs conceive, adapt, and execute strategies to create new, successful businesses.
Course Overview
This course is about entrepreneurship and specifically about starting, growing, managing, leading, and ultimately exiting a new venture. Of all the courses you take at the University of Washington, this one will likely be the most hands-on. Forty percent of your grade will be based on a pitch, product demo and business plan that you develop with your team.
The course sessions will follow the natural order of starting a new business: choosing your idea and your team, validating that idea with customers, honing your initial pitch, dealing with the legal issues of starting a business, building a great product, deciding among financing strategies, developing a go-to-market and operating plan, and exiting successfully. We will spend part of nearly every three-hour block giving you feedback on your actual pitch, your product, and your business generally. To ensure that this course is practical, we will invite numerous guests who are currently working in the venture ecosystem: CEOs, venture capitalists, lawyers, journalists, etc.
It should be a fun ride. We hope you enjoy it!
Course Email
Send email to course members by using the address multi_entre532b_wi20 at uw.edu.
The archive of email is available here.
Readings
The schedule of readings is noted on the syllabus (Word or pdf).
Prior to the first class, read Some Thoughts on Business Plans (HBS Case #9-897-101) and pages 3-14 of David Cohen and Brad Feld, Do More Faster: TechStars Lessons to Accelerate Your Startup (UW Libraries electronic copy available here).
Texts - please be sure you have access to these!
- David Cohen and Brad Feld, Do More Faster: TechStars Lessons to Accelerate Your Startup (UW Libraries electronic copy available here)
- Peter Thiel, Zero to One: Notes on Startups, or How to Build the Future
Additional readings during the quarter - here's the lineup:
- Some Thoughts on Business Plans (HBS Case #9-897-101)
- The Art of Pitching, Chapter 3 (Guy Kawasaki)
- Demo Day TechStars Pitches (watch the videos linked from the article)
- PR FAQ template
- Amazon Kindle PR
- Rover wins "Best in Show" at Startup Weekend (watch the video linked from the article)
- Bootstrap Finance: The Art of Start-ups (Amar Bhide, Harvard Business Review, November-December 1992)
- The Legal Forms of Organization (HBS Note #9-898-245)
Homeworks
The schedule of homeworks is noted on the syllabus (Word or pdf).
Homeworks should be emailed to Athena Duran at Pioneer Square Labs - athena at psl.com.
Lecture Slides
Slides will be posted following most lectures ...
- Class 1 (Introduction): Greg (Entrepreneurship Overview) pdf
- Class 3 (Customer Validation): Peter Denton (Validating Market Demand through Digital Marketing) pdf; Gaurav Oberoi (Surveying for Startups) pdf
- Class 4 (Building Product): David Zager and Ben Gilbert (How to Design for Startups) pdf; Xiao Wang (Boundless) pdf
- Class 5 (Marketing Your Business): Aaron Easterly (Rover: Marketing In A Tech Marketplace) pdf
- Class 6 (Pricing & Go-to-Market): Palvi Mehta (Pricing Strategies) pdf
- Class 7 (Financial Modeling & Business Planning): Palvi Mehta (Building the Right Operating Plan and Financial Forecast) pdf
- Class 8 (Financing Dynamics): Matt McIlwain (Long Term Investing From Day One) pdf; (Term Sheet) xlsx; Jeana Kim (Term Sheet) pdf; docx
- Class 9 (Scaling & Exits): Dan Levitan (Thinking about IPOs and M&As) pdf
Final Presentations
On Wednesday March 11, 4:00-7:30 p.m., there will be a 3.5-hour final pitch/demo session in the Zillow Commons of the UW Bill & Melinda Gates Center for Computer Science & Engineering.
2020 Team Projects
- Footprint - Enables sustainable food choices through a carbon footprint scoring system of food products (siyuku at uw.edu)
- Career Compass - AI-enabled personalized career guidance for women (k3v1n at uw.edu)
- Crumbs - A marketplace for excess food from small and mid-sized cafes, diners and bakeries (keyra at uw.edu)
- Discover Art - A marketplace connecting local artists with buyers interested in affordable art (pdrana at uw.edu)
- MoreLife.AI - A data platform enabling AI healthcare companies to acquire, clean, and label medical training data (morelife.ai.uw at gmail.com)
- Classy - Insightful and personalized course data that enables efficient course planning (uwclassdoor at gmail.com)
- StreamLocal - Enables any business, on any budget, to advertise with streaming video (streamlocalads at gmail.com)
- Vivid 3D - Allows 3D product teams to quickly and easily collaborate on their work (vivid3d.uw at gmail.com)
- Bio.me - Dietary control of bowel disorders via microbiome analysis (TheGutBiome@gmail.com)
2019 Team Projects
- OverEasy - Effortless excellence in food safety for restaurants
- Pitch.ai - Digital assistant for improving public speaking skills
- Stylit - Wardrobe styling for young male professionals
- The U - Student and alumni Reddit-like network - anonymous honest answers
- SafeMode - Waze-like app for personal safety in LatAm
- S I A - Expert-driven library of audio summaries of bestsellers and self-help books
- Finulate - Automated financial modeling for startups
- ReelFish - CrowdCow for seafood
- Bottomline - Accurate comparison of compensation packages
2018 Team Projects
- Podessa - Business intelligence for podcast advertising
- CodeLok - Storage where you need it
- InstaUp - AI-powered content assistant for Instagram
- Kache - Virtual goecaching
- EdgeSports - Taking the heartburn out of sports scheduling
- Gambit - Maximizing credit card rewards with ease
- Roamed - Travel + healthcare
- TechBuddies - Make technology your friend
- Dining Pass - Restaurant subscription service
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