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STRAMGT 366: Startup Garage: Testing and Launch

( BIOE 377 / SUSTAIN 377) Teams enter this rigorous, project-based course with a prototype, business model, and value proposition that they validated in advance of the course as resonating with users. The big theme is, can they build a viable business around the idea? Through a series of experiments, teams test hypotheses about the product, business model, value proposition, customer acquisition, revenue generation, etc. Students develop entrepreneurial skills as they 1) get feedback from users, investors, and advisors, 2) work through their operating plans and unit economics, 3) test go-to-market strategies, 4) make decisions about pivoting, 5) consider equity splits, 6) learn term sheet negotiations, and 7) practice pitching. At the end, teams deliver a seed financing pitch to a panel of investors. PREREQUISITE: STRAMGT 356 / BIOE 376 / SUSTAIN 376 or team application. Details and application: http://startupgarage.stanford.edu/details.
Terms: Win | Units: 4
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