A New Entrepreneurial Community
Alongside my coursework this term, I've been able to continue working on my startup from TuckLab—which you can read about here. After participating in a "mentor mixer" program last spring term (which paired student-led startups with alumni), my co-founders and I were invited to become a part of the Magnuson Center's "Venture Studio." The program consisted of weekly meetings where founders could share a meal, report on progress or difficulties, and brainstorm ideas to keep moving forward. Oftentimes, there were reflection questions sent out to the entire cohort to prompt group discussions. There were both upperclassmen and graduate students participating in the program and the range of startups present was broad—everything from robotics to software companies. My conversations with more experienced student founders have been helpful in finding the right balance with academics, understanding how to develop a product, and ultimately learning what it takes to scale an idea into a business.
Venture Studio also has its own official space next to the Dartmouth Engineering. While the Magnuson Center is located in the Engineering and Computer Science Center, Venture Studios is in Murdough, a building attached to the Irving Institute for Energy and Society. It's a sleek, modern workspace outfitted with monitors, a fridge stocked with refreshments, and a coffee machine. The dedicated space offers a change of environment from most study locations and makes working on startups exciting—with the added benefit of bumping into other founders while utilizing the space.
The first featured a Dartmouth alumnus with a wealth of knowledge in scaling Business-to-Business (B2B) "Software as a Service" (SaaS) companies. She was kind enough to drive hours from Massachusetts to come talk to us in person! After telling us how she ended up at Dartmouth, she recounted her first attempts at building a hair care product and subsequent positions helping startups grow.
The second guest speaker event featured a panel of lawyers who manage the legal affairs of predominantly startups. This was incredibly helpful in aiding us students in understanding the intricacies of the incorporation process. They explained the context and purpose of different forms of business entities and provided quick tips on required annual legal documentation. This session was particularly helpful because I was also able to ask about branding and trademarks, as my co-founders and I wished to explore how we'd go about navigating our intellectual property.
At the conclusion of the program, our cohort had a final debrief and shared feedback on how the experience could be improved. We also all gave two-minute elevator pitches on our concepts and progress—with the stakes being a free grant determined by a group vote! Fortunately, my startup tied with another for first, and we'll be splitting the grant in half! My co-founders and I have made a plan to keep meeting over Winterim (the break between the Fall and Winter terms) and continue our progress!
Overall, it's been an amazing experience working on the startup this term, and I can't wait to see what is next!