Monday, March 10, 2014

Grading papers and listening to entrepreneurial videos

I graded one series of exam papers these two days. I figured out a way to use my grading time better. I started to listen to entrepreneurial youtube videos while I was grading. It was a very good experience because it was not required to pay 100% attention to the grading. Hopefully, this class had so many good students who wrote most of the answers correctly, so I didn't need to spend lots of time commenting why they got it wrong. I used my time very efficiently specially today.



I found this series of "Best of Startup Secrets" - featuring Michael Skok (https://www.youtube.com/playlist?list=PLxpB5Hi17Tp2cAs_OoRZSHqohHJhy9AWo) very interesting.


I am not sure why my professor wanted to raise money. At the beginning, I had this feeling (based on what he said) that he had a validated product based on the customer's opinion. However, our last meeting on Thursday showed me that the model that he has now can't be profitable because of not having FDA approval. I started to think about another business model, but if I want to work on my own business model, it changes so many assumptions that I had. I assumed that they have validated the product, and I save time by working with them; however, now I think that I am at the first square.

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