tedxuofw 2012

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Are successful entrepreneurs irrational? Franck Nouyrigat - Cofounder of Startup Weekend

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Can we understand entrepreneurship? Are successful entrepreneurs irrational? Can we get better at something we don't understand? This is my TedX presentation. You ll be able to check my thoughts on my blog thefranck.com

TRANSCRIPT

Page 1: TedXUofW 2012

Are successful entrepreneurs irrational?

Franck Nouyrigat - Cofounder of Startup Weekend

Page 2: TedXUofW 2012

Literature

Page 3: TedXUofW 2012

REVENUE

Impact on US GDP

?

0 $1b

Page 4: TedXUofW 2012

Shannon number1081 10123 7 billion people

really complex game!Atoms in the known universe

Welcome to the Entrepreneurial Game!

Page 5: TedXUofW 2012

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

Page 6: TedXUofW 2012

THE MYTH OF THE LONE ENTREPRENEUR

Page 7: TedXUofW 2012

50 / km2 395 / km2

World Bay Area

2300 / km2

Mountain View Internet

A WORLD FULL OF POTENTIAL

2.26b / screen

Page 8: TedXUofW 2012

THUS -> LEARNING BY DOING

Page 9: TedXUofW 2012

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

Page 10: TedXUofW 2012

NO TALK, ALL ACTION