Venture Project speculation

I was a bit confused this Friday because I thought the lecture would focus more on the venture project. I have a hard time figuring out what it is concerning and what is expected of  us. I have talked to some people in class and I have gotten similar responses and concerns. Then I started to think, maybe this is the point. Perhaps Serdar wants us to figure it out ourselves or as a group, to simulate a real life scenario of creating a startup? Because it is always hard to know what to do next when creating a startup.