Startup University - 1. Entrepreneurship & Innovation

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How to Start and Grow your Startup
1. Entrepreneurship & Innovation
-What Entrepreneurs do
-How to start a startup

Published in: Technology, Business, Education
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Startup University - 1. Entrepreneurship & Innovation

  1. 1. Entrepreneurship & Innovation What Entrepreneurs do How to start a startup
  2. 2. What Entrepreneurs do • Entrepreneurs innovate • Innovation means creating something of value • Entrepreneurs exploit change
  3. 3. What Entrepreneurs do • Entrepreneurs innovate – Entrepreneurs make something new – Innovation is the tool of the entrepreneur – Entrepreneurship can be learned Source: Peter Drucker
  4. 4. What Entrepreneurs do • Innovation means creating something of value – Innovation creates wealth – Innovation can be applied to both supply and demand Source: Peter Drucker
  5. 5. What Entrepreneurs do • Entrepreneurs exploit change – Entrepreneurs see change as healthy – 'Creative destruction' is the task of the entrepreneur Source: Peter Drucker
  6. 6. What Entrepreneurs do • Learn more – Peter Drucker, “Innovation and Entrepreneurship” – Paul Graham, “How to Make Wealth”
  7. 7. How to start a startup • Startups need people, ideas and funds • Just try it
  8. 8. How to start a startup • Startups need people, ideas and funds – Startups are hard but doable – Ideas for making something people want – Good people – Spending as little as possible Source: Paul Graham
  9. 9. How to start a startup • Just try it – Version 1.0 and iterate – Getting to Plan B “No battle plan ever survives contact with the enemy.” Field Marshall Helmuth von Moltke Source: Paul Graham and John Mullins & Randy Komisar
  10. 10. How to start a startup • Just try it – Innovation - Learning from failure • The only way to avoid failure is to do nothing Source: Bob Sutton and Diego Rodriguez
  11. 11. How to start a startup • Learn more – Paul Graham, “How to Start a Startup” – Paul Graham, “Six Principles for Making New Things” – John Mullins & Randy Komisar, “Getting to Plan B” – Diego Rodriguez, “Failure sucks, but instructs” – Bob Sutton, “Failure Sucks But Instructs”

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