We have taken the famous BAEN 506/507 Technology Entrepreneurship class since the beginning of January. The faculty is flawless and entails such big guns as
- Paul Cubbon, marketing and entrepreneurship guru as well as guest speaker of TEDtalks,
- Thomas Hellmann, who worked on his phd at Stanford under the famous prof. Stiglitz and taught entrepreneurship there for 10 years,
- Deven Dave, a venture capitalist from Vancouver,
- Mike Lyons from the Silicon Valley, who has thought the famous Entrepreneurship Class at Stanford for the last 20 years giving birth to many well-known ventures and who flies up from San Francisco just for our class,
- and TAs such as Kevin Reilly, who made through this course previously and who offers invaluable help and advice on how to deal with the different questions that arise on the path of entrepreneurship.
A more detailed description of the course and the faculty:
http://evc.sauder.ubc.ca/techventure/instructor.html
Our first idea has been killed after two weeks. Customer validation is a quite useful technique to evaluate the viability of any business idea, and still it is not applied widely enough. When we hit the wall, Thomas sent around an e-mail for the faculty to inform them about our failure. Surprisingly, we got congratulating e-mails basically saying “Test your product and if you fail, fail fast! You did it!” The support we get from the faculty is indescribable. We got introduced to potential partners in a blink of an eye and sat in a meeting talking about business opportunities in digital media just two hours after our original idea got killed.