About the Class
Faculty
New Enterprises covers the process of identifying and quantifying market opportunities, then conceptualizing, planning, and starting a new, technology-based enterprise. Topics include opportunity assessment, the value proposition, the entrepreneur, legal issues, entrepreneurial ethics, the business plan, the founding team, seeking customers and raising funds. Students develop detailed business plans for a start-up. Intended for students who want to start their own business, further develop an existing business, be a member of a management team in a new enterprise, or better understand the entrepreneur and the entrepreneurial process.
Bill Aulet
Bill is changing the way entrepreneurship is understood, taught, and practiced around the world. He is an award-winning educator and author whose current work is built off the foundation of his 25-year successful business career, first at IBM, and then as a three-time serial entrepreneur. During this time, he directly raised over a hundred million dollars and, more importantly, created hundreds of millions of dollars of shareholder value through his companies.
Since 2009, Bill has been responsible for leading the development of entrepreneurship education across MIT at the Trust Center. His first book, “Disciplined Entrepreneurship,” was released in August 2013, has been translated into over 20 languages, and has been the content for three online edX courses, which have been taken by hundreds of thousands of people in 200 different countries. The accompanying follow on book, “Disciplined Entrepreneurship Workbook,” was released in April 2017.
He has widely published in places such as the Wall Street Journal, TechCrunch, theBoston Globe, the Sloan Management Review, the Kauffman Foundation, Entrepreneur Magazine, MIT Sloan Experts, and more. He has been a featured speaker on shows such as CNBC’s Squawk Box, BBC News, Bloomberg News, as well as at events and conferences around the world. He has degrees from Harvard and MIT and is a board member of MITEK Systems (NASDAQ: MITK) and XL Hybrids Inc. (privately held) as well as a visiting professor at University of Strathclyde (Scotland).
On July 1, 2017, Bill was named a Professor of the Practice at MIT Sloan, the first at the school in the area of entrepreneurship since Alex d’Arbeloff received the designation in 2003. Bill has earned external recognition as well for his efforts, which include Boston 50 on Fire, 2017 Favorite MBA Professors from Poets and Quants, and 2018 Nannerl Keohane Distinguished Visiting Professorship at the University of North Carolina at Chapel Hill and Duke University. In 2019, Bill was awarded the Outstanding Contributions to Advancing Innovation and Entrepreneurship Award by the Deshpande Foundation. In 2021, Bill was recognized by the United States Association for Small Business and Entrepreneurship (USASBE) as the 2021 Entrepreneurship Educator of the Year.
Nina Teng
As an Incoming Lecturer, Director of Global Entrepreneurship Education, and Entrepreneur in Residence at the Martin Trust Center for MIT Entrepreneurship, I am helping to expand MIT’s evidence-based, execution-focused Disciplined Entrepreneurship curriculum and GenAI-powered learning platform, Orbit with GenAI Entrepreneurship JetPacks, to aspiring entrepreneurs globally. At the MIT Sloan School of Management, I will be co-teaching 15.390: Entrepreneurship 101–Systematic Approach to New Venture Creation in Fall 2025, which is based on the Disciplined Entrepreneurship: 24 Steps to a Successful Startup framework and book by Bill Aulet.
We aim to scale entrepreneurship education and strengthen entrepeneurial ecosystems globally by collaborating with major corporations, international organizations, universities, and schools—starting in ASEAN, where MIT Sloan recently opened a regional office in Bangkok, Thailand. We fundamentally believe that entrepreneurship is a craft that can be learned and we can provide a systematic framework and tools to teach it.
Before academia, I led regional expansion and operations, business development, public policy, government affairs, and social impact as an early employee and founding Vice President of Public Affairs at Grab, the largest digital ridesharing and super app platform in Southeast Asia. In Grab's early founding stage, I led local teams to launch new markets and services (GrabCar), managed operations as the founding Country Heads of Grab Thailand and Grab Vietnam, and supported investor relations in fundraising rounds. I was also an early investor in Grab’s Series B round in 2014.