Threshold Venture Fellows

2027 Curriculum Proposal
See the curriculum

Why Jasper: Unfair advantages as a TA

How the load gets lighter

01

Guests share the load

TVF alumni, Stanford affiliates, and warm connections carry sessions that would otherwise fall entirely to the core team.

02

Contingency on-ready

I keep a set of sessions prepared in advance, so a speaker cancellation becomes a substitution, not a hole in the calendar.

03

Fellow-led formats

Masterminds and peer sessions let the cohort teach itself with minimal support, and double as ready-made contingency slots if a speaker falls through.

What I bring

Jasper Burns
Teaching Assistant

Multidisciplinary Stanford access

  • Business: GSB faculty like Jon Levav, who teaches the legendary Product Launch course
  • Law: the Stanford Startup Law Clinic and Startup Law professor Sam McClure
  • Engineering: James Zou's lab, where I conduct research
  • Knight-Hennessy: the scholar network, drawn to fit each cohort's interests

Deep in the ecosystem

  • The StartX P26 cohort
  • The Breakthrough Spring 2026 cohort
  • A moderator seat at a DEF CON defense-tech conference this fall

A record of running events

  • Built the Symposium on Law & AI at Stanford Law School, with 200-plus registrants
  • Speakers from OpenAI, xAI, Palantir, Hoover, and the Institute for Law & AI
  • Helped run national-level events at the White House as a Social Aide

"I care about the program: TVF filled a gap I badly needed filled last year. I want to stay involved to keep learning, and to give back so the next cohort gets the experience I did."

The Teaching Team

Emily Melton
Teaching Team
Tess Hatch
Teaching Team
Heidi Roizen
Teaching Team Emeritus
Aidan Madigan-Curtis
Teaching Team Emeritus
Jasper Burns
Teaching Assistant

Winter: Building the Company

Pre-Course Intake SurveySurvey · Before Session 1

Captures each Fellow's background, what they want from the program, their founder-versus-investor lean, and vertical interests. This is what lets the team tailor guest selection and route office hours before the year begins.

Core Sessions
01Opening Session: What is TVF? What is VC?Teaching Team

The cohort meets, sets its norms, and gets oriented to the year ahead. We open with a plain-language introduction to venture capital and to the Fellows program itself, so everyone starts from the same foundation regardless of background.

02Finding and Validating an IdeaEmily

Where good companies actually begin. Emily walks Fellows through sourcing, pressure-testing, and validating an idea before a line of code or a dollar of capital is committed.

Guest option: Scott Brady, who teaches Research-Driven Innovation, the discipline of finding an idea, at the GSB.

03Company Formation and Legal FoundationsGuest

The legal scaffolding every founder needs early: entity choice, founder agreements, equity splits, and the documents that prevent expensive problems later.

Led with: instructors from the Stanford Startup Law Clinic.

04Fundraising: Equity, and When Debt Makes SenseTess

How early financing actually works. Tess covers raising equity, reading a cap table, and the moments when venture debt belongs in the mix rather than further dilution.

Mid-Winter Pulse SurveySurvey · Around Sessions 4–5

A quick read on what is landing and what Fellows want more of. It also locks the vertical interest that shapes Spring's guest lineup.

05Customer Development and Product-Market FitEmily

The work between an idea and a real business. Emily covers customer discovery, the signals that distinguish traction from noise, and what product-market fit looks like before and after you have it.

06Hiring, Sales, and First Go-To-MarketGuest

The first commercial motion. A current VP of Sales unpacks early hiring, building a repeatable sales process, and standing up a go-to-market function from zero.

Led by: a current VP of Sales at a Series B/C company, ideally a Stanford-alum operator.

07SF Entrepreneur Alumni Panel and Meet & GreetTVF Alumni

Fellows hear from TVF alumni who have gone on to build, then stay for an informal meet-and-greet. The session doubles as the cohort's first real entry into the alumni network.

Flexible Sessions · Heidi
08Reputation ManagementHeidi

Reputation is a founder's most durable asset and the easiest to spend carelessly. Heidi draws on decades in the Valley to cover how reputations are built, protected, and repaired.

09The Art of the Cold EmailHeidi

The single most useful skill almost no one teaches. Heidi breaks down what makes a cold email impossible to ignore, drawing on her own widely-shared framework for getting a reply from nearly anyone.

Contingency Sessions · Jasper
10StorytellingJasper

Capital, talent, and customers all follow a clear story. This session covers narrative structure for founders: how to make an audience care, remember, and act.

11The Stanford Entrepreneurial EcosystemJasper

Stanford is one of the densest startup ecosystems on earth, and most students use a fraction of it. This session maps the labs, clinics, accelerators, and capital available to Fellows, and how to actually reach them.

12Intro to AIJasper

A practical introduction to modern AI for founders and investors: what today's tools can and cannot do, how to cut through the hype, and where the real leverage is. Fellows leave able to evaluate AI companies and put the tools to work in their own.

13MastermindJasper

Structured brainstorming where Fellows put their hardest problems in front of the cohort and leave with concrete next steps. A high-value, low-overhead format that lets the group teach itself.

Spring: Funding, Scaling, and the Investor's Craft

01How Venture Works: Fund Structure and EconomicsEmily

What a fund actually is. Emily opens the investor's half of the year with fund structure, the math of management fees and carry, and why those incentives shape every decision a VC makes.

With: an LP voice, for example Chris Douvos of Ahoy Capital, on what limited partners look for.

02Venture Debt and the Financing StackTess

Tess's home turf. A clear-eyed tour of venture debt, where it sits in the financing stack, and how founders use it well or badly.

With: a founder who has used venture debt firsthand.

03Navigating the Stanford Ecosystem: Labs, Clinics, Faculty, CapitalJasper

A practical guide to turning Stanford's research and resources into companies. Jasper covers the labs, clinics, faculty, and capital sources that Fellows can tap, alongside a founder who has done exactly that.

With: a Stanford spinout founder.

04Scaling and the CEO's Evolving JobGuest

The job changes as the company grows. A late-stage CEO reflects on how the role evolves from founder to operator to leader, and what tends to break along the way.

Led by: a Series C/D CEO, ideally from the Threshold portfolio.

05Exits, M&A, and What Returns the FundGuest

How venture actually makes money. A look at exits and M&A from the inside, and the uncomfortable math of what it takes to return a fund.

Led by: a boutique M&A banker or a recently-exited Stanford alum.

Mid-Spring Pulse SurveySurvey · Before the Retreat

A second pulse-check on the investor's-craft material so far: what is landing, what to reinforce on the retreat, and which connections Fellows still want from the alumni network.

Spring Retreat
May 14–16, 2027 · Friday to Sunday
Teaching team only · no guests
06Thesis, Sourcing, and Pattern RecognitionEmily

How investors decide what to chase. Emily covers building an investment thesis, sourcing deal flow, and the pattern recognition that separates real conviction from hindsight.

07Boards, Value-Add, and Hard MomentsHeidi

What investors do after the check clears. Heidi draws on decades of board service to cover governance, genuine value-add, and the hard conversations that define a board seat.

08Term Sheets, Valuation, and NegotiationTess

The mechanics of a deal. Fellows work through term sheets, valuation, and the levers that matter in a negotiation, then put it into practice in a live simulation.

09AMA with the Teaching TeamTeaching Team

The retreat closes with an open AMA. Fellows put anything to the full team, from career pivots and fundraising scars to the unwritten rules of the business.

10SF VC Alumni Panel and Meet & GreetTVF Alumni

TVF alumni now working in venture share how they broke in and what the job is really like, followed by an informal meet-and-greet to grow the cohort's network.

11Closing SessionTeaching Team

The cohort closes the year together: reflections, what comes next, and onboarding into the alumni community that future Fellows will rely on.

Close-Out SurveySurvey · After the Final Session

Feedback for next year's teaching assistants, plus onboarding into the alumni network the next cohort will rely on.