iit entrepreneurship class
DESCRIPTION
Course on Entrepreneurship @IITBTRANSCRIPT
ENT 801
Idea => Startup1
checklist
Should be a personal pain point:
Company
Patience
2
Models
Marketplace (eCom)
Typical Enterprise: One way
Hybrid: SME Marketplaces
Stories…
3
Vehicle Tracking
Keep updated on father’s train trip Models existing:
Traffic Updates Sales People Tracking People Safety
Wrote the routing algorithm Pivoted to Transportation Management Spent 1.5 years cracking a marquee client Recruited a business cofounder Raised money to build product ,recruit and increase sales
4
Trip Journaling…
Travel photo management Models existing:
Travel Marketplace Social Networks Chatting Applications
Two strong tech cofounders + one designer Moved from Social to Private Collaboration Moved from Individual to Collaborative Albums Growth Hacked to get initial traction Raised money to hire, build product and move
to the US5
Stats
Average Age of Promoters: 30
Consumer: 29, Enterprise: 32, SME: 27
Consumer: SME: Enterprise: 48%:16%:36%
Average No of co-promoters: 2
Average Work Ex: 7years
No revenue: 40%
6
Consumer
7
SME
8
Enterprise
9
