TedXUofW 2012
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Transcript of TedXUofW 2012
Are successful entrepreneurs irrational?
Franck Nouyrigat - Cofounder of Startup Weekend
Literature
REVENUE
Impact on US GDP
?
0 $1b
Shannon number1081 10123 7 billion people
really complex game!Atoms in the known universe
Welcome to the Entrepreneurial Game!
THERE IS NO SYSTEMATIC PATH TO BUSINESS SUSTAINABILITY
B
C
Business Decision
?
?
KNOWLEDGE
Entrepreneur
Bounded rationality is the idea that in decision-making, rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision
Reinhard Selten
THE MYTH OF THE LONE ENTREPRENEUR
50 / km2 395 / km2
World Bay Area
2300 / km2
Mountain View Internet
A WORLD FULL OF POTENTIAL
2.26b / screen
THUS -> LEARNING BY DOING
TRANSVERSAL DATA MODEL
DISCOVERY
Garage
?INSPIRE/CELEBRATE
You are an Entrepreneur
You want to be an Entrepreneur
ACTION
You have a solid team with some good ideasSTARTUP
You have a stable business model
SCALE
You are taking over the World!FT500
You’ve got some passions & ideas
Entrepreneur’s story
NO TALK, ALL ACTION