MOT Online Information Session | Technological Leadership Institute

Date: March 10, 2021 - 12:00pm

Location: Online

Join us online to learn more about how our M.S. in Management of Technology program can help you stand out and advance your career. Once you register, an admissions associate will reach out with a link to join this session. If you register the day of the event, please call (612) 624-1846 to ensure your registration was received.

Upcoming Events

Upcoming Events

  • Revolutionary Innovation Lessons from Unicorn Entrepreneurs: How Evolutionary Corporations Can Build Unicorns in Emerging Trends

    April 8, 2021


    Unicorn Entrepreneurs (and mini-unicorn entrepreneurs) built billion-dollar and hundred-million-dollar mini-unicorn companies from startup. In the process of building their businesses and dominating their industries, they beat their direct competitors in the emerging trend and then decimated the large corporations that previously dominated their industries. Over the last 70 years, examples include:
    • Sam Walton dominating in-store retail and destroying K-Mart and Dick Schulze building Best Buy.
    • Jobs and Gates destroying companies like Control Data and DEC and humbling IBM.
    • Page/Brin and Bezos using the Internet to dominate information search and retail.
    • Kalanick and Chesky changing transportation and hospitality.

    These entrepreneurs dominated emerging industries and beat existing corporations by using revolutionary innovations to create new business models and obsolete the old. Contrary to popular myth, venture capital (VC) played a secondary role to unicorn entrepreneurs. Of the 85 unicorn entrepreneurs studied, only 1 percent got VC after proving the technology innovation; 23 percent got VC after proving their strategic innovation; 76% percent never used VC at all.

    Ultimately, nearly all unicorn-entrepreneurs used unicorn skills and smart venture strategies to take off without VC. Dr. Rao will discuss these strategies and how large corporations can follow in the footsteps of unicorn entrepreneurs to develop unicorn ventures in emerging industries with limited capital, limited risk and maximum skills. By doing so, corporations can take advantage of emerging trends spawning business model innovations and build corporate unicorns. Incidentally, they can also reduce the risk of bankruptcy and avoid following Sears, Wards and Control Data on the road to oblivion.

    Who Should Attend?
    This discussion is targeted at corporate executives who want to build corporate unicorns in emerging trends with reduced risk, as well as entrepreneurs who want to know how to build unicorns without VC.