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H3: House of Resources

Founding Stewards (1776-1817)
Adam Smith, Jean-Baptise SayDavid Ricardo
 
Process: Entrepreneurial Method
1. Identify
2. Create
3. Sell
4. Deliver
OUTPUT: Business Models
Listen to the H3 Playlist
Parallel H3 Processes 
 
Within the third house there are 2 parallel paths available to entrepreneurs. The funding-driven path is investor-driven and practiced in Silicon Valley and has a "fund" step which can be inserted anywhere in the process, prior to the business model . The Bootstrap Path has an optional "fund" step which occurs after the emergence of the business model. The Bootstrap Method describes the latter process and is studied in House 1 as "effectuation." 
Existing organizations must also develop the capacity to generate new business models in addition to executing and improving their existing business model.
Next: House 4