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JIWOO HILARY LEE
President of Student Executive Team
jiwoo.lee2@mail.mcgill.ca
mcgill.ca/dobson
dobsonchronicles.com
Entrepreneurship Programs
Our entrepreneurship programs are supported by a strong
McGill Entrepreneur, Alumni, and Startup Mentorship Network
• September	13,	2018:	McGill	Montreal	Demo	Day
• September	20,	2018:	McGill	SF	Demo	Day
• September	26,	2018:	McGill	Boston	Demo	Day
• October	3,	2018:	McGill	Toronto	Demo	Day
• October	3,	2018	– December	3,	2018:	McGill	Lean	
Startup	Program	2018
• October	10,	2018:	McGill	New	York	City	Demo	Day
• October	27,	2018:	McGill	Fall	Startup	Bootcamp
• November	15,	2018: Code	Your	Landing	Page	in	2	
Hours
• November	22,	2018:	Business	Plan	Writing	
Workshop
• November	29-30,	2018:	McGill	Pitch	Bootcamp
• December	3,	2018:	McGill	Lean	Startup	Program	
2018	Final	Presentations	
• December	3,	2018	– January	16,	2018:	Applications	
Open	for	McGill	Dobson	Cup	2018	powered	by	
National	Bank
• December	6,	2018:	McGill	Dobson	Cup	Info	Session
• January	10,	2019: What	it	takes	to	win	the	
McGill	Dobson	Cup	
• January	16,	2019:	Building	Startup	Teams	&	Culture
• January	23,	2019:	Market	Research	Workshop
• January	30,	2019:	McGill	Dobson	Cup	2019	
Welcome	Reception	
• February	6,	2019:	How	to	pitch	your	startup
• February	13,	2019:	Startup	Financials	
• February	19-22,	2019: McGill	Dobson	Cup	2019	
Semi-Finals	powered	by	National	Bank
• February	27,	2019:	VC	Panel	Discussion
• March	6,	2019:	Startup	Legals
• March	13,	2019:	Learning	from	Failure
• March	15,	2019:	McGill	Startup	Career	Fair
• March	27,	2019:	McGill	Dobson	Cup	2019	Finals
• April	4,	2019:	McGill	Dobson	Cup	2019	Awards	
Ceremony	powered	by	National	Bank
• April	4,	2019	– May	6,	2019:	Applications	Open	for	
McGill	X-1	Accelerator	2019
• June	3,	2019	– August	9,	2019: McGill	X-1	
Accelerator	2019
A Year at the Dobson Centre for Entrepreneurship
https://mcgill.ca/dobson/events
Dobson Match –www.mcgilldobsonmatch.com
Visit our blog, The Dobson Chronicles
www.dobsonchronicles.com for more information
Join our Dobson HQ Slack Workspace
http://bit.ly/Dobson
CentreSlack
The Dobson Team - www.mcgill.ca/dobson
Staff Student Executives
RENJIE BUTALID
Associate Director
renjie.butalid@mcgill.ca
JIHANE EL ATIFI
Program Manager
jihane.elatifi@mcgill.ca
mcgill.ca/dobsoncup
What is the McGill Dobson Cup?
McGill’s annual flagship startup competition
that enables emerging McGill entrepreneurs to
compete for over $150,000 in prize money.
Who can compete in the McGill Dobson Cup?
At least one founder of the team must have a McGill affiliation,
meaning any of the following:
1. enrolled in an undergraduate program at McGill in any
faculty;
2. enrolled in a graduate program at McGill in any faculty;
3. enrolled in a post-graduate certificate program at McGill
(e.g. School of Continuing Studies);
4. staff, faculty or postdoctoral position at McGill in any
faculty;
5. McGill Alumni from any faculty graduated within the past 10
years
Who can compete in the McGill Dobson Cup?
• McGill teams that are less than three years old are
eligible to compete;
• Startups who have raised more than $150,000 in funding
are ineligible;
• A team cannot compete in two consecutive Dobson Cups
with the same idea, unless very significant progress &
development from the previous year can be demonstrated;
• Team members who have also won prize money in
previous Dobson Cups are not allowed to enter in
subsequent years.
How many tracks are there in the
McGill Dobson Cup?
1. Health Sciences Track
2. Small Medium Enterprise Track
3. Social Enterprise Track
4. Innovation Driven Enterprise Track
How much is the prize money in the
McGill Dobson Cup?
• 1st Place Winner - $20,000
• 2nd Place Winner - $12,000
• 3rd Place Winner - $8,000
Are there other prizes to be won in the
McGill Dobson Cup? Yes.
• Murdoch Family Initiative Award - $6,000
• McGill EngInE Prize - $5,000
• Food and Agribusiness Convergent Innovation Prize -
$5,000
• Avmor Prize for Social Responsibility - $1,900
• Other Prizes to be announced
How do I win these other prizes in the McGill Dobson Cup?
1. Apply to compete in the McGill Dobson Cup as you normally would;
2. We review which teams would be eligible for these additional prizes on
our end prior to the SEMI-FINALS;
3. Should your team make it past the SEMI-FINALS and into the FINALS
round, we will then be in touch to see if your team would formally like to
be considered for these additional prizes;
4. E.g. Should you team be in the running for the McGill EngInE Prize,
you will have the opportunity to pitch twice during the FINALS. Once to
the FINALS Judges, and a second time to the McGill EngInE Prize
Judges;
5. All prizes will be announced during the Awards Ceremony on
April 4, 2019.
Equity and NDAs
• Neither the Dobson Cup nor the Dobson Centre for
Entrepreneurship take any equity in your company;
• No confidentiality agreements or non-disclosure
agreements (NDAs) will be signed by anyone acting as
a judge or working for the McGill Dobson Cup
organizing team;
• To get around this, tell us you have an algorithm
but don’t show us how the algorithm works
SEMI-FINALS and FINALS Pitches
• The SEMI-FINALS and FINALS pitches are not open to
the public;
• The only people allowed in the rooms during the pitches
are team members, judges and Dobson Cup personnel;
• You can have up to 5 people registered on your team to
compete in the Dobson Cup; there is no limit to the number
of people you have overall in your company;
• No Skype or videoconference options are available
during the SEMI-FINALS or FINALS pitches;
• The Awards Ceremony on April 4, 2019 is open to the
public.
Should we incorporate to compete?
• Your team does NOT need to be a registered company
to compete in the Dobson Cup;
• However, if your team ends up winning a prize in the McGill
Dobson Cup (1st, 2nd, 3rd place or any of the additional
prizes), only then will you HAVE to register as a
company;
• Prize money will only be paid to registered companies
with bank accounts in Canadian funds with no
exceptions;
• www.incorporate-in-canada.com for help with the
incorporation process.
What do I need to submit to compete?
1. Fill out the Application Form available at
www.mcgill.ca/dobsoncup before the deadline of
January 16, 2019 at 11:59PM Eastern Time.
We require you to submit links to two videos:
a) 1-minute video introducing your product
b) 1-minute video introducing your team
2. Attach your 5-page business plan to your
Application Form and then hit ‘Submit’!
Innovation Driven Enterprise
Small & Medium Enterprise
Health Sciences
1. Value Proposition
2. Customers/Beneficiaries
3. Marketing
4. Competition
5. Business and Financial Model
6. Team Composition
7. Other Considerations
Social Enterprise
1. Concept
2. Customers/Beneficiaries
3. Marketing
4. Competition
5. Business and Financial Model
6. Team Composition
7. Social Impact
8. Other Considerations
McGill Dobson Cup 5-page Business Plan
Innovation Driven Enterprise
Small & Medium Enterprise
Health Sciences
1. Value Proposition
2. Customers/Beneficiaries
3. Marketing
4. Competition
5. Business and Financial Model
6. Team Composition
7. Other Considerations
Social Enterprise
1. Concept
2. Customers/Beneficiaries
3. Marketing
4. Competition
5. Business and Financial Model
6. Team Composition
7. Social Impact
8. Other Considerations
McGill Dobson Cup 5-page Business Plan
Recommendations for your Pitch Deck for your 5-minute pitch
1. Slide 1: Your Company Name, Elevator Pitch
2. Slide 2: The Problem Overview
3. Slide 3: Your Solution
4. Slide 4: Product Slide – How it works
5. Slide 5: Market Size / Market Opportunity
6. Slide 6: Business Model
7. Slide 7: Proprietary Technology / Expertise – What sets your startup apart
8. Slide 8: Competition
9. Slide 9: Growth and traction to date
10. Slide 10: Your Go-to Market Strategy
11. Slide 11: Founding Team
12. Slide 12: Money (your ask, if applicable) / Milestones / Key Next Steps /
Social Impact Metrics
13. Slides 13+: Appendix – Useful during the 15-minunte Q&A portion
Tips & Recommendations for the McGill Dobson Cup
1. Start your Application Form and 5-page business plan
EARLY
2. Attend as many workshops and events as you can
3. Book Mentorship Sessions with the Dobson SET
(beginning Jan 2019)
www.dobsonchronicles.com/mentorship
4. Watch as many Startup Pitches on our blog
www.dobsonchronicles.com
5. Any outstanding questions, reach out to either Hilary,
Jihane or Renjie
The Business Model Canvas
“A business model describes the
rationale of how an organization
creates, delivers, and captures value”
The Business Model Canvas
is simply a tool to create &
analyze business models
9 Building
Blocks
Business Model Canvas
Business Model Canvas: LinkedIn
Social Business Model Canvas
Goal: Create Value Goal: Deliver Value
Key Partners
- Stakeholders
- Networks
- Suppliers
Key Resources
- Assets
- Equipment
- Cash
Key Activities
- Program development
- Product development
- Fundraising
Customer Relationships
- Established
- Attract, Retain, Grow
Channels
- Communications
- Delivery
Customer Segments
Purchasers
- Paying Customers
- Funders
Users
- User groups
- Beneficiaries
Stakeholders
Internal Facing External Facing
Value Proposition
Solution Problem
Differentiator
Vision
Values
Cost Structure
- Key Costs
- Management
- Reporting
Revenue Streams
- Types
- Frequency
Key Metrics
- Internal
- User focused
- Funder focused
- Stakeholder focused
Goal: Create Efficiency Goal: Capture and Share Value
Phase 1
Business Model Canvas
Phase 2
TEST PROBLEM
Phase 3
TEST SOLUTION
Phase 4
Pivot or Keep going
What is a Value
Proposition Statement?
A short, memorable description of:
1. What you do
2. What problem you solve
3. And why anyone should care
What is a Value
Proposition Statement?
• Focused on your target customer
• Based on a deep understanding of their problem / job they are trying to
accomplish
• It should evoke emotion in your target customer
• Your target customers should just “get it” and say “tell me more”
• Your target customers should paraphrase your value proposition to
describe you to others
Why do you need one?
1.For the marketplace
• The description that attracts your target into your sales funnel,
creates excitement and gets people to pay attention
2. For investors
• The description that tells investors that you have a focused and
clear understanding of the customer and the problem you can
solve, and that it is significant and worthy of investment
3. For yourself
• Your mission statement that clarifies why you exist from a
customer’s perspective
The problem if yours sucks
Customers and prospects
• Won’t understand what you do
• Won’t be able to differentiate you from your competition
• Won’t care
Investors
• Won’t be convinced that you understand your customer
• Won’t be convinced that you have a focused approach to the
market
• Won’t be convinced that you can make them money
You and your team
• Won’t have a clear sense of mission
• Won’t understand why you exist and will therefore oscillate around
strategy
How to create an awesome
Value Proposition Statement
Always start with the customer
• Make sure you have a deep understanding of exactly
who your target customer is
• Make sure you deeply understand what their problem is
and how much pain it causes
• Make sure you know the level of motivation they have to
seek out your solution
If you are struggling…
… to create an awesome value proposition
• Maybe you don’t yet really understand your target customer
• Maybe you don’t really understand their problem/job and
motivations
• Maybe your solution isn’t fully formed
• Maybe you haven’t figured out how it benefits your customer
• Maybe your business needs to pivot
Steve Blank’s XYZ
“We help X do Y doing Z”
“We help e-commerce websites
increase their sales through A/B
testing, surveys and personalization.”
Geoff Moore’s Value Positioning Statement
For______________________________(target customer)
who______________________________(opportunity)
is a ______________________________(company name)
that ______________________________(benefit statement).
Dave Cowan’s Pitchcraft
(Your solution to market need) and our product is
(use metaphor for something people already know).
We are bringing trust to cyberspace, and our first product is
a Driver’s License for the Internet.
Eric Sink’s Value Positioning
1. Superlative (“why choose this product”).
2. Label (“what is this product”).
3. Qualifiers (“who should choose this product”)
The most secure payment gateway for mobile e-commerce.
[Proven industry example] for/of [new domain]
• AirBnB for Office Space (Breather)
• Uber for Groceries (Instacart)
• Walmart of Health Food Stores (Whole Foods)
Venture Hacks’ High-Concept Pitch
Innovation Driven Enterprise
Small & Medium Enterprise
Health Sciences
1. Value Proposition
2. Customers/Beneficiaries
3. Marketing
4. Competition
5. Business and Financial
Model
6. Team Composition
7. Other Considerations
Social Enterprise
1. Concept
2. Customers/Beneficiaries
3. Marketing
4. Competition
5. Business and Financial
Model
6. Team Composition
7. Social Impact
8. Other Considerations
McGill Dobson Cup 5-page Business Plan
48
TAM SAM SOM
49
TAM SAM SOM
Total Available Market (TAM)
Total possible demand for your
product
50
TAM SAM SOM
Total Available Market (TAM)
Total possible demand for your
product
Serviceable Addressable
Market (SAM)
How many can you reach through
your sales channels?
51
TAM SAM SOM
Total Available Market (TAM)
Total possible demand for your
product
Serviceable Addressable
Market (SAM)
How many can you reach through
your sales channels?
Serviceable Obtainable
Market (SOM)
How many of those are likely
buyers?
52
Market size opportunity
Our Market Size
North America
Tibia Fractures
North America
Tibia & Forearm
World
Tibia, Forearm &
Abdomen
$ 300 M+$ 90 M
$ 2 Billion+
Serviceable Addressable Market Total Available MarketServiceable Obtainable Market
Competitive
Positioning
Dobson cup 2019 info session
Dobson cup 2019 info session
Dobson cup 2019 info session

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Dobson cup 2019 info session

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  • 2. JIWOO HILARY LEE President of Student Executive Team jiwoo.lee2@mail.mcgill.ca mcgill.ca/dobson dobsonchronicles.com
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  • 5. Entrepreneurship Programs Our entrepreneurship programs are supported by a strong McGill Entrepreneur, Alumni, and Startup Mentorship Network
  • 6. • September 13, 2018: McGill Montreal Demo Day • September 20, 2018: McGill SF Demo Day • September 26, 2018: McGill Boston Demo Day • October 3, 2018: McGill Toronto Demo Day • October 3, 2018 – December 3, 2018: McGill Lean Startup Program 2018 • October 10, 2018: McGill New York City Demo Day • October 27, 2018: McGill Fall Startup Bootcamp • November 15, 2018: Code Your Landing Page in 2 Hours • November 22, 2018: Business Plan Writing Workshop • November 29-30, 2018: McGill Pitch Bootcamp • December 3, 2018: McGill Lean Startup Program 2018 Final Presentations • December 3, 2018 – January 16, 2018: Applications Open for McGill Dobson Cup 2018 powered by National Bank • December 6, 2018: McGill Dobson Cup Info Session • January 10, 2019: What it takes to win the McGill Dobson Cup • January 16, 2019: Building Startup Teams & Culture • January 23, 2019: Market Research Workshop • January 30, 2019: McGill Dobson Cup 2019 Welcome Reception • February 6, 2019: How to pitch your startup • February 13, 2019: Startup Financials • February 19-22, 2019: McGill Dobson Cup 2019 Semi-Finals powered by National Bank • February 27, 2019: VC Panel Discussion • March 6, 2019: Startup Legals • March 13, 2019: Learning from Failure • March 15, 2019: McGill Startup Career Fair • March 27, 2019: McGill Dobson Cup 2019 Finals • April 4, 2019: McGill Dobson Cup 2019 Awards Ceremony powered by National Bank • April 4, 2019 – May 6, 2019: Applications Open for McGill X-1 Accelerator 2019 • June 3, 2019 – August 9, 2019: McGill X-1 Accelerator 2019 A Year at the Dobson Centre for Entrepreneurship https://mcgill.ca/dobson/events
  • 8. Visit our blog, The Dobson Chronicles www.dobsonchronicles.com for more information
  • 9. Join our Dobson HQ Slack Workspace http://bit.ly/Dobson CentreSlack
  • 10. The Dobson Team - www.mcgill.ca/dobson Staff Student Executives
  • 11. RENJIE BUTALID Associate Director renjie.butalid@mcgill.ca JIHANE EL ATIFI Program Manager jihane.elatifi@mcgill.ca
  • 13. What is the McGill Dobson Cup? McGill’s annual flagship startup competition that enables emerging McGill entrepreneurs to compete for over $150,000 in prize money.
  • 14. Who can compete in the McGill Dobson Cup? At least one founder of the team must have a McGill affiliation, meaning any of the following: 1. enrolled in an undergraduate program at McGill in any faculty; 2. enrolled in a graduate program at McGill in any faculty; 3. enrolled in a post-graduate certificate program at McGill (e.g. School of Continuing Studies); 4. staff, faculty or postdoctoral position at McGill in any faculty; 5. McGill Alumni from any faculty graduated within the past 10 years
  • 15. Who can compete in the McGill Dobson Cup? • McGill teams that are less than three years old are eligible to compete; • Startups who have raised more than $150,000 in funding are ineligible; • A team cannot compete in two consecutive Dobson Cups with the same idea, unless very significant progress & development from the previous year can be demonstrated; • Team members who have also won prize money in previous Dobson Cups are not allowed to enter in subsequent years.
  • 16. How many tracks are there in the McGill Dobson Cup? 1. Health Sciences Track 2. Small Medium Enterprise Track 3. Social Enterprise Track 4. Innovation Driven Enterprise Track
  • 17. How much is the prize money in the McGill Dobson Cup? • 1st Place Winner - $20,000 • 2nd Place Winner - $12,000 • 3rd Place Winner - $8,000
  • 18. Are there other prizes to be won in the McGill Dobson Cup? Yes. • Murdoch Family Initiative Award - $6,000 • McGill EngInE Prize - $5,000 • Food and Agribusiness Convergent Innovation Prize - $5,000 • Avmor Prize for Social Responsibility - $1,900 • Other Prizes to be announced
  • 19. How do I win these other prizes in the McGill Dobson Cup? 1. Apply to compete in the McGill Dobson Cup as you normally would; 2. We review which teams would be eligible for these additional prizes on our end prior to the SEMI-FINALS; 3. Should your team make it past the SEMI-FINALS and into the FINALS round, we will then be in touch to see if your team would formally like to be considered for these additional prizes; 4. E.g. Should you team be in the running for the McGill EngInE Prize, you will have the opportunity to pitch twice during the FINALS. Once to the FINALS Judges, and a second time to the McGill EngInE Prize Judges; 5. All prizes will be announced during the Awards Ceremony on April 4, 2019.
  • 20. Equity and NDAs • Neither the Dobson Cup nor the Dobson Centre for Entrepreneurship take any equity in your company; • No confidentiality agreements or non-disclosure agreements (NDAs) will be signed by anyone acting as a judge or working for the McGill Dobson Cup organizing team; • To get around this, tell us you have an algorithm but don’t show us how the algorithm works
  • 21. SEMI-FINALS and FINALS Pitches • The SEMI-FINALS and FINALS pitches are not open to the public; • The only people allowed in the rooms during the pitches are team members, judges and Dobson Cup personnel; • You can have up to 5 people registered on your team to compete in the Dobson Cup; there is no limit to the number of people you have overall in your company; • No Skype or videoconference options are available during the SEMI-FINALS or FINALS pitches; • The Awards Ceremony on April 4, 2019 is open to the public.
  • 22. Should we incorporate to compete? • Your team does NOT need to be a registered company to compete in the Dobson Cup; • However, if your team ends up winning a prize in the McGill Dobson Cup (1st, 2nd, 3rd place or any of the additional prizes), only then will you HAVE to register as a company; • Prize money will only be paid to registered companies with bank accounts in Canadian funds with no exceptions; • www.incorporate-in-canada.com for help with the incorporation process.
  • 23. What do I need to submit to compete? 1. Fill out the Application Form available at www.mcgill.ca/dobsoncup before the deadline of January 16, 2019 at 11:59PM Eastern Time. We require you to submit links to two videos: a) 1-minute video introducing your product b) 1-minute video introducing your team 2. Attach your 5-page business plan to your Application Form and then hit ‘Submit’!
  • 24. Innovation Driven Enterprise Small & Medium Enterprise Health Sciences 1. Value Proposition 2. Customers/Beneficiaries 3. Marketing 4. Competition 5. Business and Financial Model 6. Team Composition 7. Other Considerations Social Enterprise 1. Concept 2. Customers/Beneficiaries 3. Marketing 4. Competition 5. Business and Financial Model 6. Team Composition 7. Social Impact 8. Other Considerations McGill Dobson Cup 5-page Business Plan
  • 25. Innovation Driven Enterprise Small & Medium Enterprise Health Sciences 1. Value Proposition 2. Customers/Beneficiaries 3. Marketing 4. Competition 5. Business and Financial Model 6. Team Composition 7. Other Considerations Social Enterprise 1. Concept 2. Customers/Beneficiaries 3. Marketing 4. Competition 5. Business and Financial Model 6. Team Composition 7. Social Impact 8. Other Considerations McGill Dobson Cup 5-page Business Plan
  • 26. Recommendations for your Pitch Deck for your 5-minute pitch 1. Slide 1: Your Company Name, Elevator Pitch 2. Slide 2: The Problem Overview 3. Slide 3: Your Solution 4. Slide 4: Product Slide – How it works 5. Slide 5: Market Size / Market Opportunity 6. Slide 6: Business Model 7. Slide 7: Proprietary Technology / Expertise – What sets your startup apart 8. Slide 8: Competition 9. Slide 9: Growth and traction to date 10. Slide 10: Your Go-to Market Strategy 11. Slide 11: Founding Team 12. Slide 12: Money (your ask, if applicable) / Milestones / Key Next Steps / Social Impact Metrics 13. Slides 13+: Appendix – Useful during the 15-minunte Q&A portion
  • 27. Tips & Recommendations for the McGill Dobson Cup 1. Start your Application Form and 5-page business plan EARLY 2. Attend as many workshops and events as you can 3. Book Mentorship Sessions with the Dobson SET (beginning Jan 2019) www.dobsonchronicles.com/mentorship 4. Watch as many Startup Pitches on our blog www.dobsonchronicles.com 5. Any outstanding questions, reach out to either Hilary, Jihane or Renjie
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  • 30. “A business model describes the rationale of how an organization creates, delivers, and captures value”
  • 31. The Business Model Canvas is simply a tool to create & analyze business models
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  • 44. Social Business Model Canvas Goal: Create Value Goal: Deliver Value Key Partners - Stakeholders - Networks - Suppliers Key Resources - Assets - Equipment - Cash Key Activities - Program development - Product development - Fundraising Customer Relationships - Established - Attract, Retain, Grow Channels - Communications - Delivery Customer Segments Purchasers - Paying Customers - Funders Users - User groups - Beneficiaries Stakeholders Internal Facing External Facing Value Proposition Solution Problem Differentiator Vision Values Cost Structure - Key Costs - Management - Reporting Revenue Streams - Types - Frequency Key Metrics - Internal - User focused - Funder focused - Stakeholder focused Goal: Create Efficiency Goal: Capture and Share Value
  • 45. Phase 1 Business Model Canvas Phase 2 TEST PROBLEM Phase 3 TEST SOLUTION Phase 4 Pivot or Keep going
  • 46. What is a Value Proposition Statement? A short, memorable description of: 1. What you do 2. What problem you solve 3. And why anyone should care
  • 47. What is a Value Proposition Statement? • Focused on your target customer • Based on a deep understanding of their problem / job they are trying to accomplish • It should evoke emotion in your target customer • Your target customers should just “get it” and say “tell me more” • Your target customers should paraphrase your value proposition to describe you to others
  • 48. Why do you need one? 1.For the marketplace • The description that attracts your target into your sales funnel, creates excitement and gets people to pay attention 2. For investors • The description that tells investors that you have a focused and clear understanding of the customer and the problem you can solve, and that it is significant and worthy of investment 3. For yourself • Your mission statement that clarifies why you exist from a customer’s perspective
  • 49. The problem if yours sucks Customers and prospects • Won’t understand what you do • Won’t be able to differentiate you from your competition • Won’t care Investors • Won’t be convinced that you understand your customer • Won’t be convinced that you have a focused approach to the market • Won’t be convinced that you can make them money You and your team • Won’t have a clear sense of mission • Won’t understand why you exist and will therefore oscillate around strategy
  • 50. How to create an awesome Value Proposition Statement Always start with the customer • Make sure you have a deep understanding of exactly who your target customer is • Make sure you deeply understand what their problem is and how much pain it causes • Make sure you know the level of motivation they have to seek out your solution
  • 51. If you are struggling… … to create an awesome value proposition • Maybe you don’t yet really understand your target customer • Maybe you don’t really understand their problem/job and motivations • Maybe your solution isn’t fully formed • Maybe you haven’t figured out how it benefits your customer • Maybe your business needs to pivot
  • 52. Steve Blank’s XYZ “We help X do Y doing Z” “We help e-commerce websites increase their sales through A/B testing, surveys and personalization.”
  • 53. Geoff Moore’s Value Positioning Statement For______________________________(target customer) who______________________________(opportunity) is a ______________________________(company name) that ______________________________(benefit statement).
  • 54. Dave Cowan’s Pitchcraft (Your solution to market need) and our product is (use metaphor for something people already know). We are bringing trust to cyberspace, and our first product is a Driver’s License for the Internet.
  • 55. Eric Sink’s Value Positioning 1. Superlative (“why choose this product”). 2. Label (“what is this product”). 3. Qualifiers (“who should choose this product”) The most secure payment gateway for mobile e-commerce.
  • 56. [Proven industry example] for/of [new domain] • AirBnB for Office Space (Breather) • Uber for Groceries (Instacart) • Walmart of Health Food Stores (Whole Foods) Venture Hacks’ High-Concept Pitch
  • 57. Innovation Driven Enterprise Small & Medium Enterprise Health Sciences 1. Value Proposition 2. Customers/Beneficiaries 3. Marketing 4. Competition 5. Business and Financial Model 6. Team Composition 7. Other Considerations Social Enterprise 1. Concept 2. Customers/Beneficiaries 3. Marketing 4. Competition 5. Business and Financial Model 6. Team Composition 7. Social Impact 8. Other Considerations McGill Dobson Cup 5-page Business Plan
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  • 60. 49 TAM SAM SOM Total Available Market (TAM) Total possible demand for your product
  • 61. 50 TAM SAM SOM Total Available Market (TAM) Total possible demand for your product Serviceable Addressable Market (SAM) How many can you reach through your sales channels?
  • 62. 51 TAM SAM SOM Total Available Market (TAM) Total possible demand for your product Serviceable Addressable Market (SAM) How many can you reach through your sales channels? Serviceable Obtainable Market (SOM) How many of those are likely buyers?
  • 64. Our Market Size North America Tibia Fractures North America Tibia & Forearm World Tibia, Forearm & Abdomen $ 300 M+$ 90 M $ 2 Billion+ Serviceable Addressable Market Total Available MarketServiceable Obtainable Market