bcmba sept 2011 students always
TRANSCRIPT
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Students Always?
Feasibility Assessment(and a few thoughts on how)
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Ezra Roizen ([email protected])
Advisor to new ventures in areas of strategy, finance
and M&A
Co-Host of Vator Box on Vator.tv, a show about startups
BC MBA 04/05 and BA UC Davis
Chair Emeritus, Haas Alumni Network
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Definitions
Student: an attentive and systematic observer(Merriam-Webster)
Always: all the time; continuously; uninterruptedly(Dictionary.com)
Be a continuously attentive and systematic observer.
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Can we fit it in?
Sought to understand
the conventional wisdomthat our lives are hectic,
overloaded and were
just barely keeping up if thats true then theres
little room to be a
student always
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Lines of inquiry
How busy are we?
Are we under control or in chaos?
Do we have it all figured out?
Can we fit this in?
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Berkeley Columbia sample
Sample size:
Total pool: ~550
Respondents: 79
Roughly: 14%
Profile of 2010 Entering Class (adjust ~5 years for alumni pool)
Size of entering class: 70
Average age: 36
Age range: 2757
Median years of work experience: 12
Middle 80% range of years of work experience: 817
Women: 21%
Students with advanced degrees: 37%
Students from outside San Francisco Bay Area: 33%
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How busy are we?
85% Yes - 15% No
The majority of us commute
to work
Roughly half of us pretty much never
get to take a nap
Range: 0 to 30 per monthAverage: 3 per month
Median: 2 per month
0 or 1 was 47%
70% have fewer than 4 naps per month
(less than one per week)
We dont veg out in front of the TV
very often (67% Rarely or Never)
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Were busy, but thats not the entire story
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Our lives are not out of control
We typically get our oil changed on
time (85% in a reasonable timeframe)
Were good at keeping our social
appointments (91% generally show up
for scheduled social events)
We dont get many tickets and citations
(95% less than once a month)
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We plan ahead
We tend to eat in (68% 2 or fewer nights
dining out)We have a significant portion of our
clothing professionally cleaned
Average: 41%
Median: 37%
Greater or equal to 20%: 75%
We plan social activities (71% at least
every month or two)
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But, we dont have it all figured out
Over half of us are not exactly sure what
wed do with a $1mm windfall
54% of us dont have a will
41% of us, if we had to do it all over again,
would have chosen a different career path
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Theres capacity
There seems to be the room (and
maybe even need) in our lives to take astep back and be a disciplined
observerwe can be
StudentsAlways!
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Yes, but how?
Some comments which got me thinking
(paraphrased)
Elon Musk: I just wanted access to the lab
(@ Cal / Economist Conference on getting
into Stanford)
Peter Thiel: It should be about the
knowledge not the degree
(@ Vators Venture Shift on being smart)
Vinod Khosla: Vision is bumbling around
(in talk on Vator.tv on innovation)
Shunryu Suzuki Walk like an elephant
Beginners mind vs. experts mind
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Example
Asked to moderate a panel on super
angels at Vators Venture Shift Event
Took a step back and wrote a piece on
my initial thoughts on the topic and
asked for comments
Began a conversation which carried
through the panel
I learned and internalized a great deal
more than I would have had I just
showed up and thrown out a few
questions
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Another example
Ask a question even if its
seemingly pointless
Our son lost his retainer so he
had to earn the money to pay
for a new one so we created
an analysis project for him
How many people go left and
how many go right on the path
behind our house?
Data is collected still beingprocessed what to do about
the ferry?
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Flotsam and jetsam
Innovation is often the product of nonlinear thinking
Its about realizing something new not cramming
information get more out of less
Be interested as well as interesting
Be an active learner engage with the world around you
Write a blog, post a tweet, leave a comment get in theconversation!