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Project: Startup Background Check
Lecture:
Definition of Engineering
Engineering design process
Interdisciplinary Collaboration
Exercise:
Setup of Raspberry Pi
Lecture:
Recognize problems that need an ECE solution
Types of needs: Personal, Financial, needs of humanity, etc.
Work Breakdown, Gantt chart
Exercise:
Problem that needs an ECE solution: Startups tend to fail
Objective: Give a unique score to each startup relating to its chance to fail
Background: Small project that can be accomplished by senior D group with a potential to earn money
Methodology: Begin with a unique data mining system to get important attributes, then develop a ML classifier system
Results: Investors can judge the whether a startup is susceptible to failure
Costs: Very low since it is required as a part of a senior design project
Lecture:
How to formulate a problem statement
KT situation analysis
Techniques to define problems
Exercise:
KT analysis of the problem:
What:
Is known: public attributes of startups
Is not known: private attributes and future outcomes
Are constraints: Time, skill level of creators, low funding
Are not constraints: Platforms and software used
Are goals: providing a useful score to weigh the success of a startup
Are not goals: predicting every future detail perfectly
When:
When must solution be implemented: significant progress by graduation
When did changes occur: monthly? quarterly? depends on how often data changes
Who:
Who can provide more information? Startup experts and websites about them
Who is the customer? Startup funders
Who is not the customer? Regular people
Who is affected by the problem? Investors in new risky companies
Who is not affected by the problem? Investors in mature, established companies
Where:
Where is the customer located? Bay Area and other startup hubs
Where is the customer not located?
Why:
Why is the problem important? Startups are extremely risky and being able to quantify this risk would make it extremely useful
Why is the problem not important? Perhaps it is impossible to truly predict these things
Why does solution work? It can give investors a simple score to make it easier to quantify
Why does the solution not work? Because it is simplifying a massively complex problem
Lecture:
Subdivision of the problem into design goals
Ergonomic Constraints
Design goals vs. Design specs
Exercise:
Solution development:
Task 1: Get the data. Develop a unique system to mine important attributes of present and past startups over the years
Task 2: Design the system. Create a machine learning system that can assign a score from zero to 100 based off the data found in task 1
Task 3: Analyze results and improve. Train the system until it is able to accurately classify test data.
Lecture:
Where to obtain technical information
Patent, trademark, and copyright law basics
Exercise:
My research has shown that many people have done startup prediction for fun as a project on Kaggle but there are no companies, patents or trademarks on that subject yet. It will be looked into in more detail
Many startups have been focused on data analytics of other startups but none have ventured into prediction and machine learning
Lecture:
Abstraction
Model symplicity and Occam's razor
Software used in modeling and simulation
Exercise:
Models cannot be created yet due to the need for good data. Once this is available, a model will be made sometime next year. It will be a system mode, not a process model, and a stochastic model, not a deterministic one.
Lecture:
Synthesis: how completely new ideas are created
Accidental vs procedural discoveries
Morphological charts
Exercise:
Create morphological chart, in appendix A.
Lecture:
Safety standards
Liability and legal issues
Data protection
Black Swan and Grey Rhino
Exercise:
Ethical concerns with the startup project
Is it ethical to mine and store startup data?
Could it hurt some startups?
What data is public and what isn't?
Lecture:
3 Levels:
Level 1: Physical Flaws
Level 2: Process errors
Level 3: Errors in perspective/attitude
Five Whys
Root Cause Analysis
Exercise:
Solution to ethical concerns with startup project
Only use public and legal data
Do not have any bias against certain startups
Lecture:
KT analysis method
Rank-ordering design goals
Eventuality structure
Exercise: KT analysis in Appendix 2
Lecture:
Design for X (DFX)
Purple Cow
Hack vs Kludge
Exercise:
Reviewed the sites listed