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NUvention Web
Todd Warren
Nuvention Web: Origin

 • Todd Warren was teaching as a visitor in
   EECS
 • Approached by Dean Ottino and Michael
   Marasco
 • Take NUvention Medical but:
   • Focus on Information Technology
   • Include Undergraduates and a Broader Set of Students
 • Key Differences with IT:
   • We could build products more quickly—opportunity to have a
     ―live‖ product at the end of 2 quarters
   • A methodology for tech startups called ―Lean Startup‖ was
     forming
   • Hot investment market
NUvention Web Overview
• 3rd year begins in Winter Quarter 2012
   • 110 students and 15 teams have taken to-date
   • 120 students applied for NUvention Web 2012
   • 8 Teams of 8 targeted for 2012 – 64 students
• 4 Teams are still continuing
• Advisory Board from Industry for Mentoring and
  Evaluation
   • Class Alumni are also very engaged
• Faculty Team
   • Core: Marasco (Farley), Riesbeck (EECS), Warren
   • Lecture: Sahwney (Kellogg)
   • Advisors: Baker (Feinberg), Birnbaum (EECS), Bustamante
     (EECS), Cast (Kellogg), Choudhary (EECS), Contractor (IE),
     Hammond (EECS), Hay, White (IE)
NUvention Web Draws From Across The
University

   School of
               The Graduate
                              NUvention Web Students 2010-2012
Communications
                  School
 Undergraduate
                 Graduate The Law
      3%                              Weinberg College of
                   4%        School
             SESP                      Arts and Sciences
                            Graduate
        Undergraduate                    Undergraduate
                               1%
    Medill    1%                               12%
Undergraduate
     1%                                                       Kellogg School of
   Medill                                                   Management Graduate
  Graduate                                                          27%
    2%
                         McCormick School of
                                                               McCormick School of
                       Engineering and Applied
                                                              Engineering and Applied
                        Science Undergraduate
                                                                Science Graduate
                                 24%
                                                                       25%




    160 total
Teams 5 to 8 people
Each member has a primary and secondary role




                         Project               Marketing &
  Team Leader
                       Management                Sales
      (1)
                          1-2                      (2)


             Architects &
                                  Interaction
             Developers
                                  Design 1-2
                (2+)
Committed Advisory Board
 Craig Asher         Vital Financial
 Frank Barbieri      Transpera
 Viresh Bhatia       Installshield
 Jeffrey Bier        Beir & Co.
 Bill Bliss          VMWare
 Jim Ewel            Adomotry
 Rick Fink           Miramar Venture Partners
 Grant Gochnauer     Vodori
 Suneel Gupta        Groupon
 Warren Holtsberg    MVC Capital
 Tim Krauskopf       Round Lake Designs, LLC
 Bret Maxwell        MK Capital
 Matt McCall         DFK New World Ventures
 Kristin McDonnell   Limelife .com
 Steve Olechowski    Google/Feedburner
 Bob Plaschke        Sonim Technologies, Inc.
 Vivek Ragavan       Actelis Networks
 Rob Shurtleff       Divergent Ventures
 Ben Slivka          DreamBox Learning, Inc.
 Tim Stojka          Agentis Energy
 Steve Subar         OK-Labs
 Hon Wong            Symphoniq
Course Goals

• Work together as a team to:
   • Develop a workable business
     concept
   • Research and classify customer
     needs
   • Design a compelling web or
     mobile product
   • Build and iterate the product in a
     team environment
   • Launch the product on the web
   • Attract and retain initial customers
Curriculum

 • ―Lean Startup‖
   •   Minimum Viable Product
   •   Running Lean (Maurya)
   •   Customer Development (Steven Blank)
   •   Business Model Canvas (Osterwalder)
 • Agile Development
   • Short Iterations
   • Continuous Integration
   • Product Slices
 • User Centered Design
   • Contextual Design (Holtzblatt)
   • Storyboarding
   • Scenarios and Personas
NUvention Web First Quarter




                                                   Concierge MVP
                                                                                                          Advisor Pitch and
                                                   and Customer
              • Define Customer                                        • Agile Development                     Demo
                                                     Validation
                Segments                                               • Customer Acquisition
              • Initial Concept Critique   • Minimum Viable Product      Strategies                • Pitch Development
Preclass      • Landing Page               • Value Proposition         • Complete Business Model   • Concept Demo
  Concept     • Tool and Environment       • Hello World Application     Canvas                    • Initial Development
Development     Selection                  • Storyboarding and UI                                  • Real World Feedback
                                           • Depth Customer
                                             Research
                                                                               MVP and Initial
                     Product Hypothesis
                                                                                 Canvas
NUvention Web Second Quarter




                                             Development & Canvas                                            Final
           • Critique of updated                   Iterations       • Building Awareness            Pitch, Product, Canvas
             canvas                                                 • Positioning
           • Launch Planning           • Revisiting the Canvas      • Customer Recruitment   • Detailed Canvas
   AB      • Iteration Planning        • Agile Development          • Successful Launches    • Practice Pitch
           • Understanding the Pivot   • Continuous Deployment                               • Financing your startup
Feedback   • Startup Metrics           • Compelling UI                                       • Real World Feedback


                      Time to Pivot?                                           Soft Launch
Alumni Success

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N uvention web for McCormick Advisory Council

  • 2. Nuvention Web: Origin • Todd Warren was teaching as a visitor in EECS • Approached by Dean Ottino and Michael Marasco • Take NUvention Medical but: • Focus on Information Technology • Include Undergraduates and a Broader Set of Students • Key Differences with IT: • We could build products more quickly—opportunity to have a ―live‖ product at the end of 2 quarters • A methodology for tech startups called ―Lean Startup‖ was forming • Hot investment market
  • 3. NUvention Web Overview • 3rd year begins in Winter Quarter 2012 • 110 students and 15 teams have taken to-date • 120 students applied for NUvention Web 2012 • 8 Teams of 8 targeted for 2012 – 64 students • 4 Teams are still continuing • Advisory Board from Industry for Mentoring and Evaluation • Class Alumni are also very engaged • Faculty Team • Core: Marasco (Farley), Riesbeck (EECS), Warren • Lecture: Sahwney (Kellogg) • Advisors: Baker (Feinberg), Birnbaum (EECS), Bustamante (EECS), Cast (Kellogg), Choudhary (EECS), Contractor (IE), Hammond (EECS), Hay, White (IE)
  • 4. NUvention Web Draws From Across The University School of The Graduate NUvention Web Students 2010-2012 Communications School Undergraduate Graduate The Law 3% Weinberg College of 4% School SESP Arts and Sciences Graduate Undergraduate Undergraduate 1% Medill 1% 12% Undergraduate 1% Kellogg School of Medill Management Graduate Graduate 27% 2% McCormick School of McCormick School of Engineering and Applied Engineering and Applied Science Undergraduate Science Graduate 24% 25% 160 total
  • 5. Teams 5 to 8 people Each member has a primary and secondary role Project Marketing & Team Leader Management Sales (1) 1-2 (2) Architects & Interaction Developers Design 1-2 (2+)
  • 6. Committed Advisory Board Craig Asher Vital Financial Frank Barbieri Transpera Viresh Bhatia Installshield Jeffrey Bier Beir & Co. Bill Bliss VMWare Jim Ewel Adomotry Rick Fink Miramar Venture Partners Grant Gochnauer Vodori Suneel Gupta Groupon Warren Holtsberg MVC Capital Tim Krauskopf Round Lake Designs, LLC Bret Maxwell MK Capital Matt McCall DFK New World Ventures Kristin McDonnell Limelife .com Steve Olechowski Google/Feedburner Bob Plaschke Sonim Technologies, Inc. Vivek Ragavan Actelis Networks Rob Shurtleff Divergent Ventures Ben Slivka DreamBox Learning, Inc. Tim Stojka Agentis Energy Steve Subar OK-Labs Hon Wong Symphoniq
  • 7. Course Goals • Work together as a team to: • Develop a workable business concept • Research and classify customer needs • Design a compelling web or mobile product • Build and iterate the product in a team environment • Launch the product on the web • Attract and retain initial customers
  • 8. Curriculum • ―Lean Startup‖ • Minimum Viable Product • Running Lean (Maurya) • Customer Development (Steven Blank) • Business Model Canvas (Osterwalder) • Agile Development • Short Iterations • Continuous Integration • Product Slices • User Centered Design • Contextual Design (Holtzblatt) • Storyboarding • Scenarios and Personas
  • 9. NUvention Web First Quarter Concierge MVP Advisor Pitch and and Customer • Define Customer • Agile Development Demo Validation Segments • Customer Acquisition • Initial Concept Critique • Minimum Viable Product Strategies • Pitch Development Preclass • Landing Page • Value Proposition • Complete Business Model • Concept Demo Concept • Tool and Environment • Hello World Application Canvas • Initial Development Development Selection • Storyboarding and UI • Real World Feedback • Depth Customer Research MVP and Initial Product Hypothesis Canvas
  • 10. NUvention Web Second Quarter Development & Canvas Final • Critique of updated Iterations • Building Awareness Pitch, Product, Canvas canvas • Positioning • Launch Planning • Revisiting the Canvas • Customer Recruitment • Detailed Canvas AB • Iteration Planning • Agile Development • Successful Launches • Practice Pitch • Understanding the Pivot • Continuous Deployment • Financing your startup Feedback • Startup Metrics • Compelling UI • Real World Feedback Time to Pivot? Soft Launch