1. Slide #1 EE/CS Education for the Future: The “Entrepreneurship” Opportunity Professor Tom Byers June 17, 2003 tbyers@stanford.edubyers@stanford.edu http://stvp.stanford.edu

2. Slide #2 A Word about Stanford’s Legacy

3. Slide #3 Our Vision “We believe engineers and scientists need entrepreneurial skills to be successful at all levels within their organizations. Our center is dedicated to accelerating high-technology entrepreneurship education and creating scholarly research on technology-based firms. We prepare students for leadership positions in industry, universities, and society, and we disseminate our research and teaching knowledge throughout the world. The center is hosted within Stanford’s School of Engineering.”

4. Slide #4 Our Team in Engineering Regular FacultyAdjunct FacultyStaff Tom Byers, Academic Director Kathy Eisenhardt, Academic Director Riitta Katila Bob Sutton John Weyant Tina Seelig, Executive Director Katherine Emery Sue Purdy Pelosi Josh Mangum Michelle Tung Stan Christensen Randy Komisar Tom Kosnik Mark Leslie Mike Lyons Audrey MacLean Doug Mackenzie

5. Slide #5 Who We Serve l ~5,000 Stanford science and engineering students each year l ~2,000 entrepreneurship professors and senior administrators at universities around the world; these faculty reach ~2 million science and engineering students

6. Slide #6

7. Slide #7 Roundtable on Entrepreneurship Education (REE): Focus on University- Wide, High-Technology Programs

8. Slide #8 Why Teach Entrepreneurship to Engineers and Scientists? “Society needs engineers who not only solve engineering problems, but who can participate in bringing ideas and products to market.” --Frank Huband, Director, American Society of Engineering Educators l Region’s economic development l Student’s skill development l University’s competitive advantage

9. Slide #9 Seven Important Skills for Tomorrow’s Entrepreneurial Leaders Stressed by STVP l Creativity and Opportunity Evaluation l Real-time Strategy and Decision Making l Comfort with Change and Chaos l Teamwork l Evangelism, Selling, Negotiation, and Motivation through Influence and Persuasion l Oral and Written Communication l Basics of Start-Up Finance and Accounting

10. Slide #10 Top Ten Elements of High- Technology Entrepreneurship 1. What is high-technology entrepreneurship? What is the difference between an idea and a business opportunity? 2. Why do ventures require dynamic leaders who understand vision, strategy, risk, and tactics? 3. How does context (e.g. economic and political climate) play a role in high-tech entrepreneurship? 4. What is market positioning? Why are partnerships important? 5. What is the purpose of the business plan?

11. Slide #11 Top Ten Elements of High-Tech Entrepreneurship (continued) 6. Why is cash flow so vital? 7. What are the different sources of capital for high- tech ventures? What are the essentials of the venture finance process? 8. Why is high-tech entrepreneurship a team sport? How can reward systems and company culture inspire innovation? 9. Why are sales and business development skills so valuable? 10. What is the role of ethics in high-tech entrepreneurship?

12. Slide #12 Donielle Newell Junior in Biomechanical Engineering Enrolled in “Management of Technology Ventures” Stanford University “I think that entrepreneurship is at a very important point in history right now. As we see government not being able to solve the world problems…, it is a particularly critical time for entrepreneurs who really believe in making people’s lives better through whatever industry they are in. Entrepreneurs have the power to leverage the economy in order to create societal change. This can be in technology, social issues or whatever someone feels needs to be changed. I believe that entrepreneurs have a mentality and drive to get things done and they do not allow their resources, or lack thereof, to prevent them from their goals. We need more people who run the world to have this mentality.”