04-617 Foundations of Entrepreneurship

12 units, Carnegie Mellon University

Entrepreneurship in a broad sense consists of developing a product or service for a paying market, accepting risk in order to profit. This often includes the intention to scale (whether as its own business, licensed to an existing business, etc.). This course gives an introduction to the practice of entrepreneurship and focuses on its earliest stages: identifying opportunities and needs, researching and quantifying markets, and developing a marketable and scalable solution. Important in this process is testing to show which customers will pay for the solution and what revenue models will fit the customers and the business. The course helps students develop a value-creation and business mindset, as well as providing practice in presenting a business concept to customers, investors, and potential team members.

Prerequisites: none listed

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