Session 1, Part 2: Refining and Presenting Your Venture Idea

MIT 15.S21 Nuts and Bolts of Business Plans, IAP 2014
View the complete course: ocw.mit.edu/15-S21IAP14
Instructor: Stephen Pearse
Entrepreneurs are always "selling" their ideas to potential employees, customers, partners and investors. How do you position and present your ideas in the best light?
License: Creative Commons BY-NC-SA
More information at ocw.mit.edu/terms
More courses at ocw.mit.edu

[@aliceaboli1101]

Thank you MIT for sharing this free, you can’t imagine that you’re helping a lot of people who cannot afford to go to school like me, I’m in the 50’s , how I wish I found this when I was younger

[@redvibez]

Excellent content and for free? This is how you change the world, MIT.

[@mentalityofmindset]

So simple to understand yet priceless information! Thank you for sharing this!

[@mj22revolution]

What are you talking about?

[@tywincannister]

He's a mix of Harvey Dent and Saul Goodman, love it!

[@feanorcurufinwe3582]

I WAS THINKING THE SAME HAHAHAHA OMG

[@David-nm4bx]

What a great presenter! I thoroughly enjoyed this! Thank you MIT!

[@chuanqisun]

Living the lesson. He is so good that he does not even need the slides.

[@zuzilda]

This is gold, well presented. Thank you!

[@hillstudios1]

Thank you MIT

[@user-nc1lf8ig1h]

The best lecture ever. easy to understand, and engaging, and I wish to hear more details for the last 5 minutes information of the video.

[@kellychung4741]

thank you so much for sharing! i appreciate it so much!

[@arrowb3408]

I scrape this perfect lecture into my YT to train myself to have a magic tongue and learned his lessons like this modest Guest Prof who had been thru the real battlefield with numerous experienced scars on his back......................................Act like a liquid and transform ourselves into the reciprocal level...........learned from this lecture........................................STF............................................

[@lukedowneslukedownes5900]

What does STF mean? Your semantics of English translation is confusing?

[@dr.shrutibachalli8577]

Outstanding!!!

[@janicknorman8778]

He got that "greed is good" vibe😂

[@adianemust]

Great lectures

[@MaiFast]

Wow great lectures, love it, Thanks MIT

[@mioszw3552]

real life Gordon Gekko. i love it

[@arrowb3408]

HAHAHA...for the pitch part, yes sometimes play dumb or ignorant definitely good for us to get something new that I never know. I agree with this Prof. And this lecture sounds like business psychology for yourself and the opponent. Very useful sales 101 lesson in real life.....STF...........

[@jalal5773]

thanks

[@oldsachem]

Stephen Pearse, I found this vid instructive and helpful. Let me ask you, are you an angel investor? What legacy do you want to leave to the society that has been so generous to you? How do you want to be remembered? How can I, a humble, lowly, grizzled orphan who comes from the left side of want get in touch with you?

[@arrowb3408]

Wow, this is so spicy beefy Prof as a real entrepreneur veteran and teach us the reality of capital world.......STF:).....

[@mtmt9899]

What does STF mean in the comment above?

[@brainstormingsharing1309]

👍👍👍👍👍👍👍👍👍

[@madmaxen]

Ah yes. The good old greed is good strategy. Glad to see a school like Wharton still teaching these practices to their students.

[@mikebarnettstuff]

Great video. Great series. Great speaker. But I have to disagree that the only reason someone would buy something, that is on sale, is because of greed. Not true at all. Sale items are also often bought by people who can’t afford regularly priced items.The people I would refer to as the victims of the greed that is being promoted and defended in this video. Still a good and useful lecture though.

[@lukedowneslukedownes5900]

Greed is not on a spectrum on price… it is individual. Even the ones buying something on sale have a form of greed, with the idea of a gain from purchase, it’s intrinsic nature on an all meta physical, epistemological, and collective philosophy scale of human beings and all other beings… you must think on why he said what he said. You may have truth on your perspective, but it is limited to only what you believe it to be. You’re stuck in a feedback loop of your own belief. Ignorance is bliss, which is okay

[@hui975]

16:00

[@stevenmusielski9100]

49:11 - CIMITYM - Cash is more important than your mother. - What does the F stand for on the slide?

[@daniconstantin]

CF=Cash Flow. The "F" comes from Flow, I think :)

[@surlookmedia]

28:00 hahaha ;)

[@tywincannister]

Harvey Dent!!

[@lorenzo4819]

Rule #1: Never turn your back on your audience

[@paxdriver]

He's a white Ben Carson... Eerie

[@arkanelyass7697]

superficial and basic information

[@brentsrx7]

Thanks for sharing your knowledge. That said, turning airports into Norh Korea is a totally unacceptable and disgusting violation of peoples dignity. You will never receive a share of my business.

[@kennethyoung7564]

Not sure his advice will work for scaling a profit loss sharing model...in working with the poor. Part of the reason that the world has grabbed onto microfinance is because there is an element of greed. It is a 400 billion market. And over seas volunteers, what I like to call "poverty tourism," is a 200 billion market annually, which comes from about 1.6 million volunteers. But I want to get away from this kind of private interest mentality that does not address the systemic problems of global poverty. Does this hard nosed venture capital perspective really work when we are talking about how to engage those at the bottom of the pyramid in a way that goes beyond a transactional approach?

[@arrowb3408]

Hahaha..If I were this Prof, I will entertain myself rather to these mute who paying full attentions punks in the class. Who cares. As long as they pay their ears on the class and listening. That's all SALT OF THE SEA i CAN GIVE THE BEST ..................Hahaha............................STF....................................

[@allagorbik9532]

Щщшш0 ? ? ?