So you want to start your own company? Congratulations -- now, get ready for the hard part. We've provided some good resources on partnering with entrepreneurs, identifying and addressing specific market needs, raising money, and more.
ARTICLES
Nuts and Bolts of Starting a Company
MIT OpenCourseWare (OCW) site for the popular IAP course taught by Joseph G. Hadzima Jr. '73, a Senior Lecturer at Sloan School of Management.
Angel Investors
The MIT Entrepreneurship Center's report on angel investors - a primer for student entrepreneurs.
http://entrepreneurship.mit.edu/Downloads/AngelReport.pdf
See also a presentation (pdf) from a Deshande Center Faculty Entrepreneurship Workshop on angel funding.
"Starting Up"
Boston Business Journal Column Reprints on everything from staffing up, to financing, to intellectual property.
http://enterpriseforum.mit.edu/mindshare/startingup/index.html
How to Split Equity
A summary (pdf) of
a
Deshpande Center Faculty Entrepreneurship Workshop on the challenge of dividing
founders' equity in a startup.
Creative Ways to Raise Early-Stage Capital
A summary (pdf) of
a Deshpande Center/i-Teams panel featuring two CEOs and two investors.
ENTREPRENEURSHIP SEMINARS
Independent Activities Period (IAP)
in January offers many other entrepreneurship classes. Please note
that eligibility varies (many require registration or are only
open to the MIT community) and some may already be full, so please
check the websites or with the instructor for details. Some suggested
courses for 2005:
15.962
High-Tech Start-ups by Ken Morse and Jack Gill
A pragmatic, fast-paced primer course on the dynamics of high-tech entrepreneurship.
Features prestigious industry guest speakers. (for credit)
15.975 The Nuts
and Bolts of Business Plans by Joe Hadzima - The original
business plan course at MIT! Geared towards putting together
the preliminary executive summary for the $50k competition. (for
credit)
15.976
Starting and Building a Successful Technology-Based Company by
Bill Aulet and Mike Grandinetti - How to turn a start-up into
a viable business. (for credit)
See the complete list of non-credit and for-credit entrepreneurship
and management IAP classes.
Courses may change a bit from year to year, and we will update
these listings as they become available.
ORGANIZATIONS
MIT Venture Mentoring Service
VMS supports innovation and entrepreneurial activity throughout the
MIT community by matching prospective entrepreneurs with volunteer
mentors who can boost the probability of a start-up's success.
http://web.mit.edu/vms/
MIT $50K Entrepreneurship Competition
Over 100 teams of students enter this competition each year, writing
business plans in hopes of sharing in the $50,000 prize. Venture capitalists
keep a close eye on MIT's competition. The MIT $50K has launched over
70 companies, including Akamai Technologies, with many competition
alumni acquired by the likes of Microsoft, Motorola, and Broadcom.
Seminars and get togethers leading up to the competition are a good
way to find teammates to launch a new business based on MIT technology.
http://50k.mit.edu/
Entrepreneurship Center
http://entrepreneurship.mit.edu
MIT Venture Capital and Private Equity Club
VCPE is actively involved in helping to educate the MIT community
on the venture capital process, including their popular annual conference
in early December. http://www.mitvcpi.org/
MIT Science and Engineering Business Club
The Club's mission is to serve as an unbiased, student-based educational
resource and network for undergraduate students, graduate students,
and post-doctoral fellows seeking careers in business.
http://web.mit.edu/sebc/
MIT Enterprise Forum
Forum chapters offer advice, support and educational services for
emerging technology-based companies, including case presentations,
business plan workshops, and satellite broadcasts.
http://enterpriseforum.mit.edu
MIT COURSES
See the list
of courses offered through the MIT Entrepreneurship Center. You can
find course material from many of them on the MIT OpenCourseWare
web site.
Other courses
include:
1.462 Entrepreneurship in Construction
HST.906
Role of Physicians and Scientists in the Business World
HST.970 Law, Innovation, and Entrepreneurship in Health Care
WOMEN'S ENTREPRENEURSHIP RESOURCES
Springboard
Springboard Enterprises is a national, not-for-profit venture dedicated
to increasing women's participation in the equity capital markets
as both entrepreneurs and investors.
http://www.springboardenterprises.org/
Center for Women and Enterprise
CWE offers education, training, technical assistance, women's business
enterprise certification and access to both debt and equity capital
to entrepreneurs at every stage of business development.
http://www.cweboston.org/
Women Entrepreneurs in Science and Technology
Helping women trained in science and technology to explore their
strengths and passions using an entrepreneurial mindset.
http://westorg.org/
Women in Technology International
http://www.witi.com/boston
BOOKS
Startup:
a Silicon Valley Adventure
By Jerry Kaplan
Account of one person's attempt at articulating a simple idea of a business (pen-based computing), and the rise-and-fall saga of trying to make it happen.
The Billion Dollar Molecule: One Company's Quest for the Perfect Drug
By Barry Werth
True story from a biotech startup, from idea to IPO, as they try to discover an anti-AIDS drug. The twists and turns in the true plot match the excitement of a thriller.
Entrepreneurs in High Technology: Lessons from MIT and Beyond
By Ed Roberts
Written by practitioner and pioneer in entrepreneurial research at Sloan School, this bible of high-tech entrepreneurship has been engaging readers for 10 years.
Venture
Café: Secrets, Strategies, and Stories from America's High Tech Entrepreneurs
By Theresa Esser
Anecdotal account of high tech startups, with many MIT alum examples
in there.
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