5 Questions

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Why do you have opposable thumbs?
Do you use your thumbs in your work?

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5 Questions

  1. 1. Five Questions for the SmithFellowsPaul HudnutApril 25, 2013
  2. 2. Q1: Why do humans haveopposable thumbs?
  3. 3. A) To listen to lecturesB) To give lecturesC) To do researchD) To make things (and peel fruit)E) None of the above
  4. 4. Q2: Are you using your thumbs inyour work?
  5. 5. Enough about thumbs…• Let’s talk about me for a while.• Education:– Colorado College, Virginia Law, HBS– Mashup: Environmental biology, politicalecon, law, business• What else:– Entrepreneur: USWEST, Heska, Envirofit, Inviragen, New Belgium– Educational Arsonist: CSU College of Business– Venture Gapitalist: Bohemian Impact Investments– Awe Hunter
  6. 6. Q3: What happens when you usebrains and thumbs?
  7. 7. How an idea becomes a good or service whichpeople will use (and someone will pay for).Brains provide ideas.Thumbs provide action.
  8. 8. Lean Startup“A startup is a human institution designed tocreate a new product or service under extremeuncertainty.” Eric Ries, The Lean Startup (2012)A startup is a “temporary organization designedto search for a repeatable and scalable businessmodel.” Steve Blank, Four Steps to the Epiphany
  9. 9. Lean StartupSteve Blank blog, April 16, 2013
  10. 10. Squiggling AlongOft modified, from Damien Newman
  11. 11. Q4: What is a business model?A: How an enterprise createsand shares value.
  12. 12. One approach…
  13. 13. Better Approach:Business Model Canvas> 9 simpler pieces
  14. 14. H.E.R.O.’ic Enterprises• Produce cleaner air, cleaner water, health, justice• Find value in waste• Prevent pollution, disease• Restore/regenerate ecosystems and communities
  15. 15. ChronicCrisisBOP TOPPartners in Health, DoctorsWithout BordersAravind, Envirofit, VisionSpringRed Cross, CDC &FEMAMerck, Toyota, BPBusiness Models for Environmental& Public Health Ventures
  16. 16. ChronicCrisisBOP TOPPartners in Health, DoctorsWithout BordersAravind, Envirofit, VisionSpringRed Cross, CDC &FEMAMerck, Toyota, BPBusiness Models for Environmental& Public Health VenturesXXXXXXHEY…Were you payingattention?
  17. 17. “Most people look at a company like Apple andthink, how could I ever make such a thing?Apple is an institution, and Im just a person.But every institution was at one point just ahandful of people in a room deciding to startsomething. Institutions are made up, and madeup by people no different from you.”Paul Graham, A Student’s Guide to Start Ups 2006
  18. 18. Q5: Do you have an example?Envirofit International• “Making the worldfit for humanity.”• CSU spin off• Sophisticatedtechnology• affordable design• mfrg and logistics• carbon and microfinance18
  19. 19. In process…Surviving in theEntrepoceneHow to build something...that matters…with soul.a guide to clean startups for the other 99%.(with andy hargadon)
  20. 20. Bonus Question: Want more?• www.bopreneur.blogspot.com• Twitter: @BOPreneurRESOURCES:steveblank.combusinessmodelalchemist.comandrewhargadon.typepad.comEric Ries, The Lean Startup (2012)Osterwalder & Pigneur, Business ModelGeneration (2011)
  21. 21. Made to Stick (2007)You have a Curse of Knowledge problemHow do you design your idea to maximize itschances of survival and replication?SUCCESs framework

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