So, since April I am participating in venture-lab.org
Its a free online version of Stanford Technology entrepreneurship course. More on it later.
Help with homework
First things first. I need your help with current homework. Currently they teach idea/customer/value proposition validation, part of it is doing interviews and surveys.
And here is open public survey from my team
Do you love quotes?
Please do it
How this course works in Stanford
It is not one specialization course. From what I understood something like 200 students gather up to go trough in a span of a semester. Those people are from various backgrounds, designers, engineers, marketeers etc.
During first few weeks people learn how to form the teams and brainstorm ideas.
By end of this people should form teams of ~5 people. Preferably not less then 3 and not more then 10. Preferably with different backgrounds to catch widest experience possible as a team.
In lectures they provide lot of statistical data on how what kind of teams in what kind of circumstances succeed. Like for this kind of idea this is better and so on.
After that they start to teach you how to test your idea, process of first iteration of validating and analyzing idea, is there really a problem, how to reach people, how to test it on them, how to analyze market opportunity of it, etc.
By end of this 2 week iteration teams should have an idea they will pursue throughout the course. Also at this point teams start to use Stanford connections to silicon valley entrepreneurs to find mentors.
Here it is actually pretty interesting. It seems in silicon valley they have a culture. Every successful Entrepreneur there had a mentor before, and they have it as a culture of “you have been helped, it is your dept to return to next generation, help them a little to not step on same problems you did on your way to success”.
At this point that’s all I know.
How it works online
I don’t have official numbers, last thing I heard was that 40K of people from around the world registered. At this point there are something like ~1K of teams of 3-25 people in size.
First thing they did is that they joined people in to teams of 10 based on their geographic position. So I was in a team with 10 people from Riga,Latvia
During first week that team needed to generate 5 bad and 5 good ideas.
Then team members vote on each other and people with low team reputation drop out as inactive or not productive.
On week 3 new members from your region are added and this slightly changed 10 people team gets someone else bad idea. Task is to make and advertisement for it as “make bad idea look good” exercise. Quite funny
At the end, there is voting again.
At this point members can decide to stay in the team if they are happy with it, or they can leave and start their own team, start searching for people or team to join.
And after that you start to work as a team, I don’t know how they will judge but top 30 teams, no matter from where will get help to get mentors, and you as a team can try to look for mentors yourself.
We trough course channels managed to get in touch with 2 out of 4 we tried
Not sure if they will get involved but its interest/fun experience anyways
My team
One more thing to add. I made a team with aim for it to be international, and I succeeded.
We have in the team someone from NewYork who is our “go to mentors in US guy” at this point.
We have a someone from Singapore with great experience in quality analysis and community relations, who also is local to his reagion TEDx speaker on “user experience” ![]()
We have PhD in Marketing/Advertisement from Italy/England who works for Google 0_o
Also other people from China, Brazil, Ecuador, India 0_0
And bunch of other people, and somehow I am team leader 0_0 Managed to attract such people to my idea and profile
Still hard to believe that when write that down lol
Anyways we are having loads of fun, though it straining considering we have day jobs and some of us are also students and have hard time in this time of they year ;( But we are managing somehow
Sooo. I insist you guys to keep an eye on this venture-lab.org and try it next time it will run. Its incredible!









