*** WELCOME TO BUS 399 *** ENTREPRENEURSHIP CAPSTONE *** WINTER 2026 *** WASHINGTON AND LEE UNIVERSITY *** LET'S BUILD SOMETHING COOL ***

BUS 399: ENTREPRENEURSHIP CAPSTONE

~*~ Entrepreneurial Thinking Studio ~*~

Winter Term 2026 • Washington and Lee University

Instructor: Jay Margalus

🚀 What Is This Course?

This capstone is run as a VENTURE STUDIO. You will practice entrepreneurial thinking by working through a design-thinking-style methods sequence:

  1. DISCOVER a real challenge
  2. INTERPRET it through primary research
  3. IDEATE many possible solutions
  4. PROTOTYPE and test
  5. SHOWCASE what you learned and what you'd do next

The emphasis is on EVIDENCE, ITERATION, and REFLECTION—not on having a "perfect idea" on day one!

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📅 Course Logistics

🕓 Meeting Times Monday & Wednesday, 8:00–9:30am
📆 Dates Mon Jan 12 – Fri Apr 10, 2026
📝 Make-up Class Fri Jan 23 (Monday schedule; MLK holiday week)
🎉 No Class Mon Jan 19 (MLK Day)
Washington Break: Mon Feb 23 – Fri Feb 27
🌟 Required Event Entrepreneurship Summit Booth Showcase
Fri Mar 20 (time TBA)
+ Attend 3 summit panels (with proof!)
☆ ☆ ☆ ☆ ☆

🎯 Learning Outcomes

By the end of the term, you will be able to demonstrate (with evidence!):

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🔄 How the Course Works

We use a flipped + studio cadence. Most "content" happens before class (short readings/videos + guiding worksheets). Class time is for workshops, critique, synthesis, prototyping, and coached decision-making.

📅 Weekly Rhythm (typical):

Before Monday Complete the guiding worksheet + required prep
In Class Workshop + studio time + critique
After Class One small experiment/prototype/test + a short learning-log entry

🎁 Gift-Giving Exercise (Early Term)

You will design and deliver a small 'gift' (time, attention, introduction, prototype, or $0-$10 physical item) to someone connected to your problem space.

The goal is not generosity-as-performance; it is to learn how access, trust, and reciprocity change the quality of discovery.

♥ ♦ ♣ ♠ ♥

📦 Major Deliverables

Individual Work:

Team Work:

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📈 Grading (Specifications / Bundles)

Work is assessed Satisfactory / Needs Revision against clear checklists. Final grades are earned by completing bundles of work at a satisfactory level.

This rewards iteration and learning (including failed ideas that generate strong evidence)!

🪙 Flexibility Tokens

You begin with 2 tokens!

A token can be used to:

🏅 Grade Bundles

C

Up to 3 unexcused absences

All Core Deliverables
+ 10/12 Venture Log entries

B

Up to 2 unexcused absences

Everything in C
+ 2 Mastery Options

A

Up to 1 unexcused absence

Everything in B
+ 2 more Distinction Options
(4 total beyond C)

✨ Mastery / Distinction Options (choose your adventure!):

📚 📚 📚 📚 📚

📖 Required Books (3)

Application-first: these aren't just readings, they're tools!

🎸

Your Music and People

Derek Sivers

Creative and considerate fame

SPRINT 1: Jan 12 - Feb 6

Relationship-building, generosity, audience, distribution. Includes the Gift-Giving Exercise!

💊

Business Secrets of Drug Dealing

Matt Taibbi & Reggie Harris

An Almost True Account

SPRINT 2: Feb 9 - Mar 6

Operating under constraints: risk, trust, sourcing, pricing. Creates your team "Rules of the Game" list.

🤖

Co-Intelligence

Ethan Mollick

Living and Working with AI

SPRINT 3: Mar 9 - Apr 3

Using AI as co-worker/coach for research, synthesis, prototyping—with verification!

📅 📅 📅 📅 📅

🗓 Course Schedule

(subject to iterative adjustment—we're entrepreneurs, after all!)

Date Module Focus In-Class Deliverable(s)
SPRINT 1: Discovery & Interpretation
Mon Jan 12 Orientation + course methods ET-7 + design-thinking modules; studio norms; Venture Log setup Prep: Start "Your Music and People" (~1/4); bring 5 marked passages + 1 idea to test
Wed Jan 14 Opportunity identification Problem inventory; choose 2-3 candidate challenges; Gift-giving exercise kickoff Venture Log #1 (Fri Jan 16) – include Gift Plan + recipient rationale
Wed Jan 21 Discovery methods Interviewing practice; observation planning; empathy map. Gift debrief Gift delivered by Fri Jan 23; capture response in Venture Log
Fri Jan 23 Make-up class (Mon schedule) Fieldwork kickoff; interview script critique; recruiting participants Challenge Brief v1 + Research Plan
Mon Jan 26 Discovery synthesis I Share initial interviews; define what you don't know; research backlog
Wed Jan 28 Interpretation workshop Affinity mapping; needs vs. solutions; evidence standards Fieldwork Evidence Pack (Fri Jan 30)
Mon Feb 02 Interpretation workshop II Personas + customer journey; emotional/cognitive/functional needs
Wed Feb 04 Framing to action POV statements; 'How Might We'; prep for advisor panel Interpretation Pack + Book Memo #1 (Fri Feb 6)
SPRINT 2: Ideation & Prototyping
Mon Feb 09 Advisor Panel (Red/Yellow/Green) Teams present framing + evidence; receive traffic-light feedback
Wed Feb 11 Decision making under uncertainty Pivot/persevere/abandon memo; experiment backlog; team role clarity Decision Memo + backlog (Fri Feb 13)
Mon Feb 16 Ideation sprint 50 solutions; divergent thinking; constraint-based creativity
Wed Feb 18 Concept selection Converge: shortlist; value props; quick concept tests Ideation Pack (Fri Feb 20)
🏝 Washington Break: Feb 23-27 – No Class 🏝
Mon Mar 02 Prototyping sprint I Low-fi prototypes (sketch/lego/ad/pretotype); test plan
Wed Mar 04 Experiment design Build–Measure–Learn; metrics that matter; rapid outreach Prototype Pack v1 + Book Memo #2 (Fri Mar 6)
SPRINT 3: Testing & Summit
Mon Mar 09 Prototyping sprint II Narrow 3–10 → 1; higher-fidelity build; feasibility checks
Wed Mar 11 Testing day + iteration Run tests; analyze; decide next iteration Prototype Pack v2 (Fri Mar 13)
Mon Mar 16 Summit prep I Booth narrative; poster layout; demo rehearsal; lead capture
Wed Mar 18 Summit prep II (mock booth) Full dry run; critique; logistics; risk list Booth Package due
🌟 Fri Mar 20 🚨 ENTREPRENEURSHIP SUMMIT – BOOTH SHOWCASE 🚨
Required course commitment – treat it as a major field test!
SPRINT 4: Go-to-Market & Close
Mon Mar 23 Post-summit learning Debrief; pattern-find; update assumptions; next experiments
Wed Mar 25 Venture model + feasibility BMC update; revenue model; unit economics assumptions Post-summit update (Fri Mar 27)
Mon Mar 30 Go-to-market experiments Acquisition channels; outreach scripts; partnerships
Wed Apr 01 Planning forward Roadmap; budget; risks; compliance; what 'next' looks like GTM + financial snapshot + Book Memo #3 (Fri Apr 3)
Mon Apr 06 Final dossier studio Peer review; evidence gaps; revision plan
Wed Apr 08 Final studio + showcase Final share-out; course retrospective; close-out Final Dossier + Reflection (Fri Apr 10)
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⚠ Studio Policies & Expectations

🏪 Attendance

This is a studio course; being in the room matters. Excused absences include documented illness and verified varsity/team obligations.

🕑 Late Work

Without a token, late work is not accepted. With a token, you may submit up to 72 hours late.

🤖 AI Tools Policy

You may use generative AI for brainstorming, drafting, analysis, coding, and rapid iteration. BUT:

🎁 FREE TOOLS 🎁

You will receive paid access to the following tools for the entire course:

🤖 Claude Code
▲ Vercel

Build fast. Ship faster. On us!

📚 Academic Integrity

Follow university policies. Honesty in evidence and attribution is non-negotiable.

♿ Accessibility

If you have approved accommodations, please coordinate early so we can build them into the studio workflow.

🚧

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