## Summary The first lecture of the EITT course introduces students to building scalable startups using [[evidence-based entrepreneurship]] approaches like [[Lean Startup]] and [[Lean Launchpad (LLP)]]. It explains why startups often fail and presents [[Effectuation]] as a flexible entrepreneurial mindset that leverages available resources. Students are urged to validate their business ideas through [[customer development]] and rapid experimentation. The importance of forming a "Minimum Viable Team" with diverse skills is highlighted. The session also covers course logistics, emphasizing the significant weekly workload and the aim to develop [[deep tech]], sustainable business solutions to real-world problems. ## Class Activities > [!SUCCESS] [The Bird-in-Hand Inventory](https://docs.google.com/forms/d/e/1FAIpQLScMP8hOF9SAx4gWsTTl81t7MSpRfQywfoMCyvvC8xDTUix52A/viewform?usp=dialog) > [!SUCCESS] [Team Member Evaluation Tool](https://docs.google.com/document/d/1ceEyqI58sdQTxsRYMszy3GoL_7JA07aeMaTyB_QlVCA/copy) > [!SUCCESS] [Team Balance Tool](https://docs.google.com/document/d/1r_Ut89MlNB77XkchYh7RSsdE9ARVkj6CqYMVyj4Riqs/copy) ## Topics Covered - [[EITT Course Logistics]] ## Work for Next IClass - Watch Lesson 1 ([Before You Get Started](https://learn.udacity.com/ep245?version=1.0.3&lessonKey=2484ea52-f3a9-4b5d-9b87-14479f451fd6&conceptKey=9921c1a6-7860-4b2c-ade3-cb0aa01d0711)) of Udacity’s course on How to Build a Startup - Think of 1 or 2 technologies for which you have a competitive advantage - Find a team - Meet with your team Next: [[IClass02 - Technology Assessment]] Back to [[Entrepreneurship, Innovation and Technology Transfer (EITT)|EITT Home]]