For many of you, the concepts within Module 2 this week may be the most unfamiliar in the whole course.\u00a0 The world of start-ups and venture capitalist seems a long way from the classroom.\u00a0\u00a0 However, every new venture has to start somewhere, and this critical phase of constructing a viable business framework around a great new idea is as essential as training before running a marathon.\u00a0\u00a0 Academics tend to believe otherwise – they come up with original ideas all the time and expect that the idea itself is all that matters.\u00a0 It’s analogous to the conceit of a man who believes his contribution to creating a baby is all that matters.\u00a0\u00a0 The vast majority of ideas never become born as ventures because the gestation phase is so tough.<\/p>\n
When we first launched 522 we included a module where we taught students how to read and analyse corporate financials.\u00a0 While that skill is essential to every true entrepreneur (and educational venture analyst), it was too much for 522.\u00a0 This isn’t a “business” course.\u00a0 We decided instead to concentrate on the “pitch” because it is the purest, most concentrated, most accessible, and most social form of any venture.\u00a0 It’s all in the story.\u00a0 Just remember that you’ve got to be clear-minded and humble about your abilities to evaluate venture pitches.\u00a0 If there isn’t something incredible or very hard to understand in any pitch, then it almost certainly isn’t breaking new ground.\u00a0\u00a0 Try to imagine what the pitches for applications like Twitter<\/em> or Facebook<\/em> might have sounded like before everyone knew what they were.\u00a0 This module is aimed to help you start tuning your venture instincts.<\/p>\n Dive in and have fun!<\/p>\n","protected":false},"excerpt":{"rendered":" For many of you, the concepts within Module 2 this week may be the most unfamiliar in the whole course.\u00a0 The world of start-ups and venture capitalist seems a long way from the classroom.\u00a0\u00a0 However, every new venture has to start somewhere, and this critical phase of constructing a viable business framework around a great […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[153],"tags":[650,409,280],"class_list":["post-1929","post","type-post","status-publish","format-standard","hentry","category-mod02business-bootcamp","tag-business-bootcamp","tag-m2","tag-vogt"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/etec522sept09\/wp-json\/wp\/v2\/posts\/1929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/etec522sept09\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/etec522sept09\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/etec522sept09\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/etec522sept09\/wp-json\/wp\/v2\/comments?post=1929"}],"version-history":[{"count":3,"href":"https:\/\/blogs.ubc.ca\/etec522sept09\/wp-json\/wp\/v2\/posts\/1929\/revisions"}],"predecessor-version":[{"id":2137,"href":"https:\/\/blogs.ubc.ca\/etec522sept09\/wp-json\/wp\/v2\/posts\/1929\/revisions\/2137"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/etec522sept09\/wp-json\/wp\/v2\/media?parent=1929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/etec522sept09\/wp-json\/wp\/v2\/categories?post=1929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/etec522sept09\/wp-json\/wp\/v2\/tags?post=1929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}