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Entrepreneurship in Entertainment Technology. Welcome!. Today’s Agenda. Entrepreneurs Why Start a Company Vision Teams Next Class Resources. entrepreneurs. Definition through examples. entrepreneurs. Responsibility Risk Inspiration Passion. Why start a company.
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Today’s Agenda • Entrepreneurs • Why Start a Company • Vision • Teams • Next Class • Resources
entrepreneurs • Definition through examples
entrepreneurs • Responsibility • Risk • Inspiration • Passion
Failure – the upside • “Fail Powerfully” • - Michael John
Failure – the downside • “It sucks” • - Carl Rosendahl
entrepreneurs • Responsibility • Risk • Inspiration • Passion
Vision • Your reason for starting a company • has to be the • Inspiration • for everyone else to join you
Vision Reason for Existing Specific Goal
Core Purpose Examples • Disney • Make people happy
Core Purpose Examples • Zynga • Connect people through games
Core Purpose Examples • Unity • Democratize game development • and enable everyone to create • rich interactive 3D content
Core Purpose Examples • Facebook • Give people the power to share • and make the world more open and connected
BHAG Examples • PDI • Create fully computer animated feature films
BHAG Examples • Zynga • “I want the dog, our dog icon, which was originally my dog Zynga, I want that icon, that brand, to be what I call a dial tone for play. I want it to be more recognizable than a Nike swoosh and mean something to you. If you see that on a game, it means it's social, it means that it's going to give you back more than what you put into it.”
BHAG Examples • DreamWorks • DreamWorks Animation SKG is devoted to producing high-quality family entertainment through the use of computer-generated (CG) animation. With world-class creative talent and technological capabilities, our goal is to release two CG animated feature films a year that deliver great stories, breathtaking visual imagery and a sensibility that appeals to both children and adults. DreamWorks DreamWorks Animation SKG is devoted to producing high-quality family entertainment through the use of computer-generated (CG) animation. With world-class creative talent and technological capabilities, our goal is to release two CG animated feature films a year that deliver great stories, breathtaking visual imagery and a sensibility that appeals to both children and adults.
BHAG Examples • Pixar • Pixar's objective is to combine proprietary technology and world-class creative talent to develop computer-animated feature films with memorable characters and heartwarming stories that appeal to audiences of all ages. Pixar Pixar's objective is to combine proprietary technology and world-class creative talent to develop computer-animated feature films with memorable characters and heartwarming stories that appeal to audiences of all ages.
BHAG Examples • EA • In 1982, Electronic Arts was founded on ideas. We called software a new art form, and its creators were software artists. We believed that interactive was better than passive media, and that one day “software worthy of the minds who use it” would be more important than traditional media like films and television. “We see farther,” we proclaimed, with faith that Moore’s Law, the engine of Silicon Valley, would one day provide the power to put “real life in a box.” We asked, “can a computer make you cry?” and invited the new faithful to “join us.”
BHAG Examples • Intel • This decade we will create and extend computing technology • to connect and enrich the lives of every person on Earth.
Teams • Albert G., Nathan B., Yang • Albert T., Meng • Cheng, Nate L. • Emmanuel, Michael • Mohit, Star
What to expect • Team Presentations and Feedback • Discussion on Today’s Topics
Team Presentations • Audience • Content • Format
audience • Angel Investors
Presentation Content • Your Team • Your Vision • How You Will Accomplish Your Vision • Three Product Ideas
Presentation Format • NO • BULLET • POINTS
Presentation Format • THREE • WORDS • MAX
Presentation format • Except on your Vision slide, • where you can write out the whole thing. • Pithily.
Resources • www.onstartups.com • @dharmesh on Twitter – onStartups.com • www.startuplessonslearned.com/ • @ericries on Twitter • www.jasonlbaptiste.com – Entrepreneur and co-author of onstartups.com. Two good posts to read: • What To Look For In A Business Co-Founder • What To Look For In A Technical Co-Founder • www.jimcollins.com – Business researcher and writer. Responsible for ‘BHAG’ • www.hbr.org – Harvard Business Review
Homework • Prepare your team presentation