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Instead of students or faculty coming in with their own ideas — we now have them working on societal problems, whether they’re problems for the State Department or the Department of Defense, or non-profits/NGOs, or for the City of Oakland or for energy or the environment, or for anything they’re passionate about.
The trick is we use the same Lean LaunchPad / I-Corps curriculum — and the same class structure – experiential, hands-on– driven this time by a mission -model not a businessmodel. Steve Weinstein started Hacking for Impact (Non-Profits) and Hacking for Local (Oakland) at U.C.
Teams can prove their competence and validate their ideas by showing investors evidence that there’s a repeatable and scalable businessmodel. A Lean Startup methodology offers entrepreneurs a framework to focus on what’s important: BusinessModel Discovery. We focus on evidence and trajectory across the businessmodel.
Instead of students or faculty coming in with their own ideas — we now have them working on societal problems, whether they’re problems for the State Department or the Department of Defense, or non-profits/NGOs, or for the City of Oakland or for energy or the environment, or for anything they’re passionate about. Team: IntelliSense.
We make a majority of our investments in those sectors and prioritize proven businessmodels. We are an Oakland-based fund that understands that startup companies have the ability to transform entire industries and to address urgent social needs as they do so. New Age VC About This is just a start.
Businessmodel: Premium brands offer select goods (often excess inventory) for sale at 40%-70% discounts; consumers need to be invited by existing member or via application to participate in private sales; HauteLook collects percentage of gross sale. TechCrunch article. Factoid: 99% of its employees are musicians.
My contribution has been, “Why don’t we design classes more closely modeled to what innovators and entrepreneurs actually do.” Today the capstone class is most often experiential, team-based, hands on, focused around the search for a repeatable and scalable businessmodel. And a very small percentage are focused on innovation.
In the last year alone, several have opened across the United States, with cafes in New York City, Oakland, California, and soon, Portland Oregon. The cat cafe businessmodel is incredibly new, and as such, there is much less in the way of a road map for these entrepreneurs to follow. How do you open a business unlike any other?
Here’s some big news for San Diego’s innovation economy: There’s a new venture capital firm in town—and its investment methodology represents a fundamentally different approach to the conventional businessmodel for venture investing. That kind of distilled it,” Coats says.
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