In 2014, for a course that teaches students teamwork, I bought 20 sets of basic lego bricks for a bridge building exercise. The cost per set was 20 Euro. This year the number of students in our project courses exceeded what could be done with this basic set of legos and so I looked to buy more.
Two years later, the cost of these sets has exploded to more than 100 Euros per set. Mostly that’s because (a) the actual set was retired and (b) there is no proper replacement, just new “classic sets” that come with lots of pieces that nobody wants. I sense a bubble in the Lego bricks market… divest yourself now! Send them my way!
As part of my Startupinformatik initiative (in German), I’m trying to motivate student startups. Here, I want to talk about student startups coming out of a Master’s program. These are different from startups coming out of my research lab, which are based on work with my Ph.D. students. Master student startups are typically smaller, not based on significant intellectual property, and my working relationship with the team has been much shorter than with my Ph.D. students.
What are the three most important factors that make a startup successful? As the old saying goes: Team, team, and team. There is plenty of advice on the web on finding and building teams. I have a bit to add to this as well, but will do so in a different post. Here, I would like to focus on the next two most important success factors, which are product and passion. Without a good product there is no money to be made, and without passion, the startup will fall apart too quickly.
Sadly, being a student, having a good product idea, and having passion for it are factors that are hard to align. The following figure helps illustrate the problem.
I teach a course on software product management where I sometimes cross over into startup-land. During a recent class, I showed students a rara-talk by a VC, who was trying to convince them to become entrepreneurs. So I asked the class:
Statistically speaking, a 40-year old entrepreneur is much more likely to succeed than a student entrepreneur. Why is this venture capitalist so eager to get you to become an entrepreneur rather than a more experienced person?
After a bit of back and forth, one student finally said:
Well, if it takes 10 years to grow a startup, a 40 year old entrepreneur may not be be able to stick around for such a long time.
I’ve gotten used to such statements and take them rather stoically. A 40-year old PhD student of mine, however, was rolling on the floor laughing.
I teach product management at a public German engineering school, where I am a professor of computer science. Product management is my nod towards “business informatics”, otherwise I only teach engineering courses (and one general how-to-perform-research class).
There is an old debate as to who makes better product managers: M.B.A.s or engineers? Having worked on both sides of the fence and having gotten both degrees, I can confirm that as so often, the question is wrong: A hiring manager for a product management position needs to focus on skills and attitude, not on degree credentials. The degree may be an indicator of such skills, but it is not a sufficient indicator.
I’m looking for simple examples of product management failures and challenges that I can use in teaching our product management course. Photos or short stories would be great. To give you an idea of what I’m after, here are three examples.
This unmaintainable cup with saucer is probably a best seller, but I’d only give this as a gift to a person I don’t like. It will probably be destroyed during the first dishwasher run or will cause cleaning grief to the owner for many years to come.
I want to revise the set of example research papers I’m using. We study these research papers as good examples of how to perform and present research. (Think: “Best XYZ ever!”) So I thought I’d ask you: What research papers would you consider exemplary for these particular aspects of a paper:
Update 2018-08-01: The old materials are not available any longer; please watch this space for the new release!
I finally put my teaching materials for my agile methods course on this website. The slides are available in “source” form, i.e. Open/LibreOffice format, as well as PDFs. I also added supplementary materials like the videos I use for illustration purposes. The slides are made available using the Creative Commons BY-SA license and are based on a course I’ve been giving several times now. It is far from being perfect but obviously good enough for a real course. Feel free to use or copy from the slides for your own courses!
My goal is to keep improving the slides. I expect there to be a new version every year or maybe every semester. For me, this is an experiment. I honestly don’t know how to collaborate around a format like ODP and ODT. It sure doesn’t feel like source code. So, my best suggestion is that if you find this useful and would like to see it improve in a direction that suits you, please let me know of your suggestions. I might then incorporate the suggested changes into the slide set. In general, my philosophy is that the content will grow, but ideally in a consistent fashion.