Your Path is Theia's very own curated framework for company-building. Our five-part series aim to help entrepreneurs jumpstart their ideas, namely in the healthcare space. Your Path is a living framework that will constantly evolve with new information and resources, whether it's from our podcast guests or community members. If you have any information or resources to share, please email firstname.lastname@example.org.
Want to build a company of your own but don't know where to start or have an idea but aren't sure if it's worth pursuing? Check out Module 1 to learn the following!
Identifying an Unmet Need
Leveraging Your Personal Experiences
Conducting Market Research
Brainstorming a Solution
Understanding Your Competitive Advantage
Establishing Your Value Proposition
Validating Your Idea
Networking to Enhance Your Potential
Module 2: Building the Backbone - To Be Released
Have an idea you're ready to build out? Building a solid backbone is crucial for long-term success. Check out Module 2 for topics ranging from building the right team to ironing out legal issues!
Finding Your Team Members
Formalizing Your Organization
Discussing Equity and Ownership
Protecting Your Innovation
Preparing Your Business Model
Preparing Your Financial Model
Building a Supportive Community of Advisors
Module 3: Pursuing Your Idea - To Be Released
Even with a backbone set up, building a company entails a long to-do list. Check out Module 3 for advice on how to flesh out your idea and test its viability!
Organizing a Pilot Study
Initiating Contact with Regulatory Bodies
Designing a Clinical Trial
Ensuring Clinical Adoption
Exploring Additional Use Cases
Creating an MVP (Minimally Viable Product)
Module 4: Raising Funds - To Be Released
In 2019, venture capital investment in female-founded companies represented 2.8% of capital invested across the entire U.S. startup ecosystem. While this number captures the number of challenges for female entrepreneurs, don't be discouraged and leverage the resources in Module 4 provided by successful female founders!
Pitching Your Idea - Pearls and Pitfalls
Deciding Where to Pitch
Catering to Your Audience
On Gender Biases
Getting the First Investor on Board
Deal or No Deal
Choosing Your Financing Path
Understanding the Categories of Investment
The Basics of M&A
Art of Negotiation
Module 5: Launch - To Be Released
Let's make the hard work count with a strategic launch. Check out Module 5 for resources to prepare for your company's launch day!
Leveraging Your Voice
Identifying Partnerships and Collaborations
Building Your Brand
Starting a Movement