What is your vision for if a startup from one of these courses succeeds? Does the college assume ownership of the startup? Do the students assume responsibility and equity? Does it dissolve and the customers are left without a product?
Would love to hear your thoughts on this.
I like the approach. Real world experience trumps all.
Thanks for leaving a comment! I'm not in favor of schools taking any ownership and compare that to how business consulting and accounting used to work; in my view, it's better off that schools teach and other entities accompany growth. I'd like to see ownership (whatever form it takes) on the student side as well as the mentor/teaching side and I think there are a number of creative solutions available to make it work today. I intentionally kept this "idea" to a MVP stage but that could translate to prototype depending on the product/service, so there wouldn't be a substantial gap in customer satisfaction. That said, I'd use the "conversion rate" (from Proto/MVP to Sales Pipeline) as one of the key metrics for this "new" entrepreneurship program. Your thoughts?
I like your thoughts. Keeping it focused on an MVP and having the students/mentors being the equity holders. I also loved the idea that the grade is based on the outcome. I almost would take it a step further and claim that everyone gets an “A” for taking the class, completely decoupling their work from the grade entirely, and letting their ability to get revenue or clients be the determining factor if they succeed or not.
But I imagine many in the academia world would not take kindly to the thought of giving everyone an A and abandoning that system as the determining factor of success.
And grading would ideally be spread across “customers”, external jury (both sides) and the mentor/teacher. In my current e.courses, I manage to apply a 40/60 external jury / professor grading, albeit with a lot of pressure.
What is your vision for if a startup from one of these courses succeeds? Does the college assume ownership of the startup? Do the students assume responsibility and equity? Does it dissolve and the customers are left without a product?
Would love to hear your thoughts on this.
I like the approach. Real world experience trumps all.
Thanks for leaving a comment! I'm not in favor of schools taking any ownership and compare that to how business consulting and accounting used to work; in my view, it's better off that schools teach and other entities accompany growth. I'd like to see ownership (whatever form it takes) on the student side as well as the mentor/teaching side and I think there are a number of creative solutions available to make it work today. I intentionally kept this "idea" to a MVP stage but that could translate to prototype depending on the product/service, so there wouldn't be a substantial gap in customer satisfaction. That said, I'd use the "conversion rate" (from Proto/MVP to Sales Pipeline) as one of the key metrics for this "new" entrepreneurship program. Your thoughts?
I like your thoughts. Keeping it focused on an MVP and having the students/mentors being the equity holders. I also loved the idea that the grade is based on the outcome. I almost would take it a step further and claim that everyone gets an “A” for taking the class, completely decoupling their work from the grade entirely, and letting their ability to get revenue or clients be the determining factor if they succeed or not.
But I imagine many in the academia world would not take kindly to the thought of giving everyone an A and abandoning that system as the determining factor of success.
And grading would ideally be spread across “customers”, external jury (both sides) and the mentor/teacher. In my current e.courses, I manage to apply a 40/60 external jury / professor grading, albeit with a lot of pressure.