Showing posts with label EPS. Show all posts
Showing posts with label EPS. Show all posts

Thursday, August 30, 2012

Product Design and Development

Product Design and Development - Sebastian Fixson
Teaching partner - Sam Aquillano

Introductions

Starting off with
http://www.forbes.com/sites/dell/2012/07/05/innovation-is-dead-long-live-innovation/
Innovation is dead

All firms fail - sooner or later all firms die.

Exercise:
Top 10 most innovative companies
Apple
.....

How do we know innovation matters - how to measure innovation
The challenge to measure innovation
Obstacles to innovation:
Always important

On Design
Visualization

http://innovationbydesign.org/graduate

Session 2: Tuesday Sep 4th, 2012
On defining the problem.
The rope exercise. (famous psychology problem)
Problem search:
Generic or Unique

Problem definition exercise.


Session 4: Sep 13th 2012
Visiting speakers for project ideas

2) New England Burials at Sea http://www.newenglandburialsatsea.com/
Captain Brad White
New product: For burial that is earth friendly
A product that would be used to do sea burial after cremation with containers that are

3) Portico Brewing Company:

4) Vedavoo
Scott 2008 Babson
http://vedavoo.com/
Modular Backpacking

Project: Hip belt/pack men/women/all sizes
Modular bag that will be used by a mountaineer climbing the Everest.

5) Ovatemp
founded by Babson alum
seed funding obtained

6) Mimoco
Evan Blaustein Babson MBA 04
They make thumb drives and consumer products - bring style to consumer products


Session 6: Sep 18th 2012

Allow yourself to fail
http://www.youtube.com/watch?v=bF5465Dyaew

The Design process
http://joeyroth.com/poster2/

Making Things Happen - Scott Burkin (recommended book for project management)


****************************************

What kind of activities do you (outdoor - travel related)
How often do you travel
What do carry with you when going on these activities
What would you want to carry but cannot
Solar charger on the bag
Do you use different bags for different activities
What are the typical pains in carrying stuff for these activities.

************************************
Meeting with Scott and Chris from Vedavoo http://vedavoo.com/

Chris: evening student at Babson
Scott: born and raised in Wyoming - National VP Boy Scouts. Telecom sales - electronics background
In teh beginning I never used a sewing machine. Got a designer $160 and hour.
I had just $700 left in the bank account.
There were a lot of hard times.

On the project
One SKU - not one for fiherman, not one for rock climbers etc etc
focus first on whats the shape whats the design.
In short what i am trying to achieve is we are building a piece of a big ideal backpack.
one size that fits all. Fanny backs are lame but the value of carrying stuff at your hips is not lame.

How teh hip the belt would work with the backpack.
Pouches could get attached to the

William joseph chest packs
Traditionalism in design for sports is something that is coming up.
competitor: Topo design

Session 10 - Oct 2nd 2012
On how to innovate
Lead users - somewhat similar to Jeffrey Moore's innovators

Case: Innocentive
definition or a metric for the "good solution" is important as well.

Design competitions:
NASA centennial challenge, Google Lunar, Ashoka Changemakers, CISCO I-Prize 2012, Ansar X Prize 2001, DARPA Grand, Threadless etc.
crowdsourcing


Guest Lecture by IDEO - on Prototyping

A prototype - allows you to "exercise" the concept
looks like/ behaves like/ feels like

Guest Lecture: Ross D. Petty on Design IP

www.delphion.com/gallery
www.patent.freeserve.co.uk/othersites.html

Monday, January 30, 2012

Entrepreneurship - EPS 7500-25

Professor Andrew Corbett - acorbett@babson.edu


Session 1: Jan 30th, 2012
Definition of entrepreneurship
Businesses in the US

10-year survival rates
Timmons model

Session 2: Feb 6th, 2012


Case: FreshTec




Dan O' Brien - Lowell Sun


3 questions

  1. the inability to - lacking a clear message
  2. personal preference 
  3. its about the people not the idea

Session : Mar 5th, 2012
Alejandro from CCD


SBA is another avenue from where we can get funding for the business.
www.sba.gov
Notting Hill Notes case


Narragansett Beer
On guerrilla marketing
http://www.youtube.com/watch?v=yVmxTyvDhHw

On opportunity cost of marketing
Billboard on masspike $ 20k a month


First thing to was to get the product right. we did that.
A great lesson is growing in a very sensible way.

Mary Beth Kerrigan - corporate attorney, Morse Barnes-Brown Pendleton


On Venture Capital Transactions


March 26, 2012: Zach's class - Financials


Creating proforma financials
See Zach's slide for this session for the complaints that VCs have from Entrepreneurs.

Another resource for finding costs is RMA

See the link on the slides to get the template of the proforma of financials.

April 02, 2012
Talk from an Angel investor
Ben Littauer
vizibility.com/littauer


Wednesday, October 5, 2011

Entrepreneurship - EPS (Class notes)

Entrepreneurship - Heidi Neck, Blank 208 (Neck), HNeck@Babson.edu;

Session 2, Sep 7, 2011
Assignment: Discussion on the book: Action trumps Everything

start: boat exercise
an economist: Daniel

Session 3: Sep 12, 2011
Why would you want to be an entrepreneur?
What's good about it?

  • Self employed
  • seeding own ideas
  • fee creative
  • rewarding to follow passion
  • alignment
  • develop stuff
  • take risks
  • more fulfillment 
  • ok to screw up
  • creating jobs
  • solve outstanding needs
  • change something
  • freedom; do what you want, go where you want, shape your future
What's stopping you?
  • too risky
  • fear of failure
  • confidence
What is the best idea you've had but never started?

Vera Bradley


Session 4: Sep 14, 2011
TED video
Steven Johnson - where good ideas come from

Brain Orientation:
1 -6 from left to right
Ideal realist or Ideal builder: 3
Rational or emotional: 5
Process oriented or ppl oriented: 5
Neat & organized or messy and chaotic: 2
Trust the facts or trust the gut instinct: 4
predictable or spontaneous: 4
Logical or visionary: 4
Total: 27

book recommendation: whole new mind

mind dumping exercise

Session 5: Sep 16, 2011


Session 7: Sep 21, 2011


Session 9: Sep 28, 2011
Case: Feed Resources
(in the book page 455)
anaerobic digestion

Session X: Oct 5, 2011
evaluation of the company

Question: What % equity to give away?
You need to know:
1) Future value of your company
2) Future value of your investment

Valuation example
NI in year 5 = $2.5M
(assume seed company PE ration = 15%)
PE (price to earnings) = 15 (It is based on the industry averages)
Investor = $2M
Hold period = 5 years
ROR = 50%

Calculation
FV of company = NIAT * PE
                         = $2.5M * 15
                         = $37.5M
FV of investment = PV (1 + IRR)^n
                           = $2M(1 + 0.5)^5
                           = $15.2M

So now what % of equity to give away
= FV of teh investment / FV of teh company
= $15.2M / $37.5M
= 41%

Post money valuation = $2M/41% = $4.9M
Pre money valuation = $4.9 - $2M = $2.9M