Entrepreneurship I andrew创业的I 安德鲁.cmu.pptVIP

9/6/01 Entrepreneurship I Class #2 Ideas and Opportunities Entrepreneurship buzz Brontosaurus capitalism Intrapreneurship Youth Get rich quick Luck and Smarts Business is timing/high tech is timing Importance of marketing Research, analysis, strategy Selling $1 for $.50 is easy Selling $1 for $1.10 is not Points of interest Life cycle of businesses Changing strategy and culture Team building Long term value vs. short term profits Balancing risk and reward Lifestyle businesses vs. growth businesses Why businesses fail 1 out of 3 succeed The bigger you are, the faster you grow, the better your chances of survival Opportunities Start with the opportunity Not money Not strategy Market demand Market structure and size Margin analysis Hi tech Spending was $760B in 2001. $280 B spent on IT hardware = 17% more than U.S. new motor vehicle purchases, 49% more than new home spending, and 168% more than commercial and industrial construction Average wage in high tech sectors is $17K greater than wages in traditional sectors ($49K vs. $32K in 2002). Growth in spending increased 10-13% annually from 1992-2000. (Goldman Sachs). Goldman Sachs survey results predict growth in spending under 5% for 2002-2003, with a quarter of corporate respondents predicting decrease in spending. High tech High tech jobs have accounted for 20-25% of real wage and salary growth For the past 3 years, high tech sectors have contributed 27% of growth in GDP Pa is ranked 8th in both total tech employment and and # of tech firms PA = 2nd largest biopharmaceutical state and 5th in biotech Tech transfer growth 383% increase in gross licensing revenue from 1991-1999 1991 licensing income - $123 mm 1999 licensing income – 594 mm Tech transfer CMU CMU made $5.9mm in 1999 5 startups, 23 licenses 104 invention disclosures, 21 patents filed Total of 119 active licenses and options through ‘99 9 FTEs in the office Tech transfer Pitt Pitt generated $.6 mm in 1999 3 startups, 16 licenses 48 patents file