Living Entrepreneurship

Yerim Kim

Generating New Business Ideas: Empathy and Customer Focused Design

The idea is crucial in starting a business. The first Butler Venture Accelerator activity this year was a lunch and learn session on how to identify, refine ideas, move forward, while keeping customer design in mind. Great ideas often solve problems that are not our own. Usually the group of people that we solve problems…

Living Entrepreneurship

Five Mistakes Startups Make

Never a dull moment in the Blank Center! We have been gearing up for new and returning students looking to advance their entrepreneurial ventures through the Butler Venture Accelerator. The sixth year of the Summer Venture Program finished August 1, where we had 16 Babson businesses participating in SVP, a 10-week intensive experience designed to…

Living Entrepreneurship

Yerim Kim

Takeaways from SVP alum Sara Gragnolati M’10

Summer Venture Program alum Sara Gragnolati M’10, founder and CEO of Cocomama Foods, spoke with the 2014 cohort and shared her takeaways from founding venture. Gragnolati has 10+ years of experience in the natural products industry. Cocomama Foods uses ancient grains to create gluten free, nutritious, delicious, on-the-go foods. Gragnolati won the 2010 Douglass Competition,…

Living Entrepreneurship

Yerim Kim

Takeaways from SVP alum Alex Debelov ’10 (Virool)

Summer Venture Program alum Alex Debelov’10, founder and CEO of Virool, spoke with the 2014 cohort and shared his takeaways from founding a venture. Debelov won the 2010 John H. Muler Business Plan Competition, the predecessor of the B.E.T.A. Challege, and was named a Top 5 College Entrepreneurs by Entrepreneur Magazine in 2010. Here are…

Living Entrepreneurship

Abby Speicher

The Power of Experimentation for DARTdrones

Babson professors tell their students that we need to learn by trial and error, by asking for feedback, and by conducting small experiments. Learning this in class is one thing, but actually building a business model based on small experiments is another. Working in the Hatchery this summer showed me first hand that experimenting and…

Living Entrepreneurship

Yerim Kim

Lessons from Serial Entrepreneur Ben Fischman

On July 15th, Summer Venture Program participants went on a field trip to MassChallenge. The 2014 SVP cohort had the pleasure of listening to Ben Fischman share his story. Fischman is a serial entrepreneur and business executive. Fischman was the founder and CEO of Lids Corporation, an exclusive sports retailer, and Rue La La, a…

Living Entrepreneurship

Two Good Start-up Resources

Here are two good start-up resources that I have come across recently.  The first deals with legal documents, i.e. term sheets, corporate formation, founder’s stock purchase, etc.  The list of documents comes from the legal firm, Orrick ( http://www.orrick.com/Practices/Emerging-Companies/Pages/Startup-Tool-Kit.aspx). The second resource is a link to LinkedIn’s Series B pitchdeck to Greylock Capital.  It provides…

Living Entrepreneurship

Yerim Kim

The First Steps to Entrepreneurial Sales – Takeaways from SVP Alum Matias Sevi’12

On July 10th, Summer Venture Program alum Matias Sevi’12 spoke with the 2014 cohort and shared his way of exploring entrepreneurial opportunities. In addition to participating in SVP in 2012, Sevi won the first alumni track of the B.E.T.A. Challenge in 2013 for his venture MandaSeguro.com. Sevi pointed out the importance of being attentive to the opportunities…

Living Entrepreneurship

Yerim Kim

Lessons Learned from SVP Alum Ramón Salinas M’12

On July 8th, Summer Venture Program alum Ramón Salinas M’12 visited the 2014 cohort to share his takeaways from participating in the program and his entrepreneurial journey. Prior to coming to Babson for his MBA, Salinas had experiences in startups and had taught in Universidad de los Andes for several years. Like other SVP participants, Salinas…

Living Entrepreneurship

The true useful way to idea generation

During the summer hatchery I spent most of my time researching to shape the final idea/product and pin down the main “customer value proposition” (CVP) I have concluded the following during this time: 1. Find that key statistic, that one number that shapes your story and validates why what you bring is the solution 2.…