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This page is an assignment for students to first address Peter Thiel's "Seven Questions Every Business Must Answer" from his book entitled "Zero to One: Notes on Startups, or How to Build the Future."
General criteria for evaluating your assignment submission
General criteria for evaluating your assignment submission
This assignment consists of three distinct but related steps:
This assignment consists of three distinct but related steps:
Read my elaborations on Peter Thiel's Seven Questions Every Business Must Answer on this google doc.
Complete this google doc questionnaire in which you provide answers to Thiel's Seven Questions Every Business Must Answer. Your orientation toward answering these questions is from the perspective of your new venture idea for solving a problem associated with accelerating Global Aging. After you click on submit the entire text of your questions and answers from the form will appear in your email inbox. (Make sure you provide an accurate email address!)
Get feedback from ChatGPT on your new venture idea using the results of your Q&A session from Step 2.
Create a new .txt or MS Word document on your computer OR create a new google document.
Copy and paste the entire prompt below into that document. THEN copy and paste the questions and answers from your "Seven Questions" google form in the area of the prompt marked [PASTE YOUR RESPONSES HERE].
ALTERNATIVELY to steps 1 and 2, simply open a ChatGPT session and paste the entire prompt below into the dialog box. Then additionally paste into that prompt the text from your email where it says [Paste your responses here]. (It's a ChatGPT session with a "paste inside a paste")
Open a ChatGPT session and paste all of the text from the document you created (the prompt I provided plus your own responses from the google form) into the Prompt Box.
Then press RETURN.
Download, copy, and/or save all of the text output from ChatGPT and format it into a file that I can read.
Send this file as an attachment to ENT4GRANDCHALLENGES@gmail.com, with the subject MGT 497 - Seven Questions.
Your Prompt for Getting Feedback and Support from ChatGPT on Your New Venture Idea
Your Prompt for Getting Feedback and Support from ChatGPT on Your New Venture Idea
After completing your answers to Peter Thiel’s “Seven Questions Every Business Must Answer,” go to your email and open the message with the questions and answers I sent you. Copy and paste them below in this prompt where the prompt says PASTE YOUR RESPONSES HERE. Then COPY AND PASTE the entire prompt with your responses into ChatGPT. It will review your responses and give helpful feedback—and then help you begin exploring your potential first customers, MVP specs, and startup costs.
⬇️ Your Prompt starts immediately below
I’m a student in an entrepreneurship course focused on solving grand challenges. In this assignment, I identified a problem facing an aging population and answered Peter Thiel’s “Seven Questions Every Business Must Answer.” I’ve pasted my full answers below, after the text "Here are my responses:" You are familiar with the full text of Peter Thiel's book with Blake Masters entitled, "Zero to One." You are also an expert in understanding and applying design thinking, especially with the aspects of human-centered design: feasibility, desirability, and viability.
First, please review each of my answers and give me constructive feedback on:
How clearly I stated the problem and solution
How well I applied each of Thiel’s questions (e.g., timing, monopoly, engineering, etc.)
Any suggestions for improving the innovation, feasibility, or clarity of my idea
Whether my opportunity seems unique or compelling
Please be supportive but honest—I want to improve. Also, if my answers give you insights into additional questions you might ask me for followup, please share them with me in the outpu. Here are my responses:
[PASTE YOUR RESPONSES HERE]
Then, after your review, please help me explore how to move forward by answering these questions:
Customer Targets: Can you provide me with three different constituencies (types of people or organizations) that might be ideal first customers for my solution?
Access Channels: What are the best ways to access or reach each of these three groups (e.g., in-person, online, through partnerships)?
Startup Cost Estimate: How much money might I need from my own savings and from a friends-and-family SAFE round to build a prototype (minimum viable product) I can show to potential first customers?
MVP Design: Can you generate an image and a set of specifications for a minimum viable product I can demonstrate to those potential first customers? Please include a clear explanation of the features and benefits of the MVP, especially how it helps meet the needs of the target users.
After you get your final set of responses from ChatGPT, copy and save and/or print the entire exchange - including the entire text of the prompt you entered into ChatGPT and its answers to you - into a PDF, Google Doc, or MS Word. Send you file to ENT4GRANDCHALLENGES@gmail.com.
After you get your final set of responses from ChatGPT, copy and save and/or print the entire exchange - including the entire text of the prompt you entered into ChatGPT and its answers to you - into a PDF, Google Doc, or MS Word. Send you file to ENT4GRANDCHALLENGES@gmail.com.
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