Thank you for your support.
Dear Friends of the Startup Studio,
In our entrepreneurship courses at Harvard Business School, we teach students about the importance of running “structured experiments” as a means of testing their ideas, validating hypotheses, and refining their strategy. Over the past two-and-a half years, we have been undertaking our own form of structured experimentation through the pilot of the Startup Studio in New York City. We are writing to share with you what we have learned and to let you know that, after thoughtful deliberation, the School has decided to close the Startup Studio effective September 30th.
As you may recall, we opened the Startup Studio in 2016 as part of an ongoing effort to better explore opportunities for Harvard Business School to support alumni founders in New York City by offering them subsidized space and programming. The decision to close the Studio is based on our experiential findings coupled with insights gained through a recent survey of resident founders and program attendees. The survey confirmed that NYC’s community of HBS founders is indeed strong, but revealed limited need or desire for programming. One-on-one mentorship meetings and industry networking events organized by the Studio were popular, but case discussions and skill-building workshops were poorly attended—due in part to a proliferation of excellent programming available elsewhere in New York City, especially for early-stage entrepreneurs. We also learned that subsidized space, which can be accessed through a variety of local organizations, was more highly valued than the unique opportunity to work among other HBS founders.
To ensure a smooth transition, the current resident teams will be allowed to remain in the Studio until September 30th, but on-site staffing and support will wind down by June 30th. A follow-up letter will be sent this afternoon to resident teams with details of the transition plan.
Supporting the community of HBS founders remains an important priority for the School, and we will continue to evolve our content delivery, programming, and networking opportunities to serve the needs of our entrepreneurial alumni. Upcoming highlights include:
- Rock Center for Entrepreneurship Summer Social in NYC (June 20th)
- HBSCNY/Rock Center Annual Rock Summer Fellows Social in NYC (July 17th)
- Beginning Fall 2018, stay tuned for information about the 2019 Alumni New Venture Competition and New York-based events, including “Product Manager Coffees” with Professor Julia Austin
- On campus, we will be hosting a Rock 100 Summit to convene leading-edge alumni entrepreneurs
- And online, we will continue to advance offerings through the HBX platform to complement the Entrepreneurship Essentials course
Beyond these offerings from the Rock Center, Alumni Relations, HBX, and our faculty, the HBS Club of New York and its Angels program, Harvard in Tech, and Harvard Alumni Entrepreneurs all continue to support alumni with an extremely active slate of events for the entrepreneurial community in New York City. Additionally, the Harvard i-Lab is examining ways in which it can complement existing efforts to serve the University-wide entrepreneurial community in New York.
We would like to thank all the donors, participants, alumni, faculty members, and staff involved in the launch and operation of the Studio. The structured experiment we undertook through the Studio gave us all an opportunity to learn, grow, and better understand how Harvard Business School and the Rock Center can support our entrepreneurial alumni. We are grateful for your ongoing support.
Thomas R. Eisenmann
Faculty Co-Chair, Rock Center for Entrepreneurship
Howard H. Stevenson Professor of Business Administration
Director, Arthur Rock Center for Entrepreneurship
Please email the Rock Center with any questions at [email protected]