Everything I needed to know about entrepreneurship, I learned at the University of Michigan
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Slides for a talk I gave at the UofM Center for Entrepreneurship a few years ago.
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Everything I needed to know about entrepreneurship, I learned at the University of Michigan
- 1. All I need to know about entrepreneurship I learned at Michigan Furqan Nazeeri
- 7. 3 Goals • Makes sense to engineers • Relevant to business • Actionable
- 8. 6 Lessons • Define a mission • Evolve your organization • Know your customer • Work hard, but not too hard • Manage risk vs. reward • Insist upon a can-do attitude
- 10. Results • 9 races in North America 5 National Championships
- 35. Define a Mission
- 39. Earn the victory move the world.
- 43. Solar Car Team Growth Headcount Time Hi Lo Founding Pre-Money $ Post-Funding Start
- 44. Serendipityis the effect by which one accidentally discovers something fortunate, especially while looking for something else entirely unrelated.
- 47. Self-Selection is when individuals select themselves into a group causing a biased sample.
- 56. Hard work, but not too hard
- 62. Productivity Productivity Time (hr / wk) 1200 Hi Negative 40 80
- 63. Manage risk vs. reward
- 66. Risk vs. Reward Reward • Save 10 lb Risk • Distract lead strategist • Delay testing • Destroy the car • Lose race • Injure the driver
- 69. Go Ahead – Take Risks It gives the rest of us something to laugh at.
- 71. Mars Pathfinder
- 72. Insist upon a can-do attitude
- 74. 6 Lessons • Define a mission • Evolve your organization • Know your customer • Work hard, but not too hard • Manage risk vs. reward • Insist upon a can-do attitude
- 75. Build stuff!
- 78. Thank you!