It’s starting to get interesting

This week it was time for us to get going and start our own start-up teams. Not that the previous and upcoming stuff in course is not interesting but this is obviously one of the highlights of the class and what I have been looking forward to the most.

When we kicked of the project two weeks ago, I was a bit disappointed how the people build their teams. Though everybody made a pitch for themselves many people were trying to build teams with their friends. In my opinion and as we learned it as well, you should look for people who can be complementary parts to your team. So after our group formed with who was left, I wasn’t too happy. But here comes the but.

This is a close to perfect team. Being self-critical looking back I was going to make the same mistakes like some others, as I was looking for those people who I would like to hang out with in the real world rather than for those who could contribute the most to our business.

So as we made our first steps, I already felt like this was a good thing to happen. Having four people in a team with four completely different ways of approaching daily life and thus different thoughts when it comes down to how to change the world.

What was the most surprising for me, that even though our idea seemed set and good we immediately came up with a lot of possible features or even changes of the product. This was the most obvious sign for that this team is going to work out well.

But our start-up wasn’t the only thing to do this week. Last week I mentioned the business model canvas, which is an alternative approach to the traditional x-pages long business plan. I especially liked the business model canvas because you not only had the key factors for your business standing next to each but could also visualize effects and relationships between them very well.

With Shannon Lyons we had a guest speaker in class who daily is in touch with the Canvas and knows its strengths and weaknesses. She introduced a lot of different questions and approaches to elaborate every part of the canvas. Though these definitely help you getting content for your canvas and to get going, I’m not sure if this is not too much. In my understanding the original intention of the Canvas was to simplify and visualize the MOST (this means ignoring some minor things) important factors. Not to have a giant document with small font and long things.

I’m pretty sure she knows a lot more about start-ups and the canvas, but i just felt like this approach took some of the magic i felt away from the canvas.

What I in turn found very cool was her approach for interviews. She listed a number of keys to a successful interview like to never use usually in a question and instead ask for a special occurrence or to never suggest any answers to questions.

All in all I learned a lot this week and I’m curious what the next weeks will bring! I’ll keep you updated!