Welcome! Jim Aloise Micah Kotch Emily Wheeler Congratulations! 2 Why are you here? We like you! We like you! • 50 applications across 6 schools, colleges and labs • Web, mobile, software, hardware, consumer, enterprise, etc. • Applications reviewed by 22 highly qualified judges • Picked the 15 best teams with the right 1. 2. 3. 4. Skills Attitude Commitment Ideas 5 What should you expect? • Space, time & resources to focus on your startup • Learn skills & get tools to search for a repeatable & scalable business model • Connect you with mentors from the NYC venture, clean tech, and startup community • Strengthen ties among some of NYU’s, Columbia’s and our other partners’ most promising entrepreneurs & with the larger community • Work hard and have a lot of fun! 6 And… 7 To get more Cleantech ideas from the lab to the market! No soup for you! 9 What do we expect? • Keep to the schedule • Come prepared • Listen & learn…don’t sell • Leverage each others skills & connections • Respectfully exploit your mentors • Take advantage of INSITE office hours • Have a great time! 10 Before you go… Packing List Emails Internal Website Curriculum Guide Pre-program survey Boot camp Schedule Program Schedule ACME * Deck Short articles & videos Startup Owner’s Manual Business Model Generation 12 Pre-Class Assignments 1. Watch the following short videos: Steve Blank: Conducting Customer Discovery Interviews 2. Read the following texts: Harvard Business Review - Why the Lean Start-Up Changes Everything Business Model Generation: p.14-49 Startup Owners Manual: p.22-84 3. Prepare a short introductory presentation including: Slide 1: Title Slide - team name, logo, product description/picture, team members Slide 2: Business Model Canvas - populated with your first hypotheses Slide 3: Overview of competitive landscape 4. Schedule ~4 customer interviews for today 13 PowerBridgeNY Program A framework, not a formula Other Camps in our Network 16 Prior Campers 17 Campus Map 18 Turn Guesses… Guess Guess Guess Guess Guess Guess Guess Guess Guess 19 …into Facts! Fact Fact Fact Fact Fact Fact Fact Fact Fact 20 Why? Investors (& JUDGES) like facts! Staff Coaching Team 24 Camp Counselors Emily Wheeler NYC ACRE U.S. Department of Energy Loan Guarantee Program General Electric Rensselaer Polytechnic Institute 25 Camp Counselors Micah Kotch NYU Entrepreneurship & Innovation NYC ACRE Design-in-Kind Pratt Institute GameLoft Colgate University BA 26 Camp Counselors Jim Aloise Columbia University General Electric GE Global Research University of California, Los Angeles MBA New Mexico State University MS University of Rochester BS 27 Camp Counselors John Blaho NSF coPI, NYC Regional Innovation Node CUNY Director for Industrial-Academic Research University of Chicago University of Alabama School of Medicine Ph.D 28 Your New Best Friend! Julia Byrd PowerBridgeNY Program Associate -Internal Website and FluidReview Specialist -PBNY Resources or Materials -Texts, Articles, Resources 29 Campus Representatives Brookhaven National Laboratory Pat Looney jlooney@bnl.gov Cornell University Bethany Koi ck574@cornell.edu City University of New York John Blaho jblaho@ccny.cuny.edu NYU-Poly Chris Snyder christopher.snyder@nyumc.org Columbia University Donna See dks26@columbia.edu Stony Brook University Bill Worek william.worek@stonybrook.edu Mentors are Supervisors • Mentors are coaches, not consultants • ~2 per team: Entrepreneurs & Investors • Meet at mutually convenient time & place, preferably in-person • + Floating mentors – – – – Designers-in-Residence Hackers-in-Residence Entrepreneurs & Investors Lawyers & Accountants • Sign up for floaters with Staff • They’re volunteers 31 Important Dates • Feb 5: Full Proposal Due – Review with Mentor (and InSITE team) – Submit in Fluid Review • March 5: Pitch Day and Showcase – Real demo day – Pitching to Panel of judges – Invite NYC investors & entrepreneurs + VIPs 32 Program Logistics Today’s Schedule Time Topic 8:30-10:00AM Lecture 0: Class Introduction and team presentations 10:00AM-11:30PM Lecture 1: Business Model/Customer development 11:30AM-12:00PM Lecture 2: Business Model Canvas Examples 12:00-1:00PM Lunch – Mentor workshop & Teams best practice panel 1:00-2:00PM 2:00-3:15PM Lecture 3: Customer Discovery: The Art Lecture 4: Value Proposition 3:15-3:30PM 3:30-4:30PM Coffee Break Storytelling Presentation 4:30-5:00PM Lecture 6: Future expectations 34 Program Schedule • February 5: Full proposals due • Mid-February: Full proposals selected by the Judges will be invited to prepare pitches • March 5: Pitch Day • March 10: Final awardees announced • Project plans for awardees should be approximately 12 months long, but should be predominantly driven by the milestones. 35 Mentors • • • • • • • • • • • • • Brian Asparo, Green Change Networks Ben Carver, Wilson Sonsini Goodrich and Rosati Miriam Eaves, Castrol innoVentures Shane Eten, Columbia Technology Ventures Maxwell Fine, HEVO Stan Fischer, Vestlynx Peter Fusaro, Global Change Associates Chris Garvin, Terrapin Bright Green Ali Heron, Kwivo David Hochman, Business Incubator Association of NYS Tim Hoffman, Cleantech Open Richard Klein, Quixotic-Systems Inc. David Levine, DM Levine Consulting LLC • • • • • • • • • • • • • • Jonathan McClelland, MJ Beck Consulting Steve Monks, HEVO Rob Morin, Tangent Energy Solutions, Inc. Sam Negahbani, Energex Technologies Joe O'Connor, VisorPoint Christopher Opie, Bernstein Global Wealth Management Brian Phillips, Zurich Ventures Jun Shimada, ThinkEco Paul Thomas, Thomas Venture Development LLC Kathy Timko, Virendia, LLC David Unger, US ENERGY Group Steve Wolk, Strategic Investment Consulting Michael Wu, Blue Angle Ventures Frank Zammataro, Rentricity 36 Thanks to our sponsors! 37 Appendix 39 Athletic Instruction • Lean Launchpad curriculum – Techniques for testing hypotheses, experimentation & iteration to search for repeatable & scalable biz model • Flipped classroom – Online (Udacity) lectures – Two texts designed for this purpose – Check-in time spent reviewing teams progress/personalized feedback – GOFB: Interview >10 customers & partners/month • Monthly meetings with mentors • On going guest speakers & workshops 40 Floating Mentors/Coaches Hackers • Jared Wyatt • Steve Ellis • Tal Safran Investors • Fred Wilson, Union Square Ventures • Craig Shapiro, Collaborative Fund • Jalak Jobanputra, FuturePerfect Designers • Liz Danzico, School of Visual Arts • Rune Madsen, O’Reilly Media • Zoe Fraade-Blaner Entrepreneurs • Ali Heron • Caren Maio, Nestio Legal • Peter Fusco, Lowenstein Sandler Storytelling • Craig Protzel, ITP Tax & Accounting • Michael Gawley, EisnerAmper You’ll receive an email each week about who’s holding office hours so you can sign up 41