One Day University presents a series of audio lectures recorded in real-time from some of the top minds in the United States. Given by award-winning professors and experts in their field, these recorded lectures dive deep into the worlds of religion, government, literature, and social justice. How can you figure out if a hole in the market is an opportunity or a black hole that will suck you in and kill you? To answer this question, we'll show you how to apply the lean start-up approach. We'll help you estimate the size of a market that doesn't yet exist. We'll discuss tools for getting to know when you have no money to advertise. And we'll help you avoid ending up being the test market for large firms with much bigger budgets. The goal is to help guide you in building the venture of your dreams—or perhaps help you realize this isn't the right project to pursue. Barry Nalebuff, Milton Steinbach Professor at Yale School of Management, doesn't just teach entrepreneurship—he's done it. Together with his co-founder and former student Seth Goldman, he grew Honest Tea from five thermoses to more than 100 million bottles a year. Learn the mistakes to avoid, the economic principles to follow, the personal stories of the start-up, the near-death experiences, and the ultimate success of Honest Tea. Most importantly, the lessons from Honest Tea will show how you don't need to sacrifice your ideals to build a successful company. This audio lecture includes a supplemental PDF.
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Barry Nalebuff is the Milton Steinbach Professor of economics and management at Yale School of Management. He is the author of fifty scholarly articles and multiple books, including Co-opetition and The Art of Strategy, and is the cofounder of Honest Tea. A graduate of MIT and a Rhodes Scholar, he earned his doctorate at Oxford University. He lives in New Haven, Connecticut.