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Hamilton lecture
- 2. Overview • Broadway play by Lin-Manuel Miranda • Based on Ron Chernow biography • “Hip hop mixtape musical” • About the “$10 founding father” • Pulitzer Prize for drama • McArthur Foundation “genius” grant • Grammy award winner • And more to come?
- 3. 5 lessons told through songs from the musical
- 4. “My Shot”
- 5. “Non-Stop” “Why do you write like it’s going out of style? Write day and night like it’s going out of style?”
- 6. “Satisfied”
- 8. • “Life doesn’t discriminate between the sinners and the saints it takes and it takes and it takes and we keep living anyway, we rise and we fall and we break and we make our mistakes and if there’s a reason I’m still alive when so many have died, then I’m willing’ to-“ Wait for it.
- 9. “Room Where It Happens”
- 10. “When you got skin in the game, you stay in the game But you don’t get a win unless you play in the game Oh, you get love for it. You get hate for it. You get nothing if you… Wait for it, wait for it, wait”
- 11. “All men dream, but not equally. Those who dream by night in the dusty recesses of their minds, wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act on their dreams with open eyes, to make them possible.”- TE Lawrence
- 12. Entrepreneurs: • Work non-stop for their shot at success because they are not satisfied with the status quo even if that means they must wait to one day wind up among decision-makers, investors and VIPs in the room where it happens
- 13. Questions?
- 14. Epilogue, Part I: The Musical itself and additional entrepreneurial insights • Immigration – an immigrant is nearly twice as likely to be an entrepreneur as a native-born American. • Innovation – Revisiting old ideas –Remixology –Disruption –New customer segments • Creativity • Audience(s) – Diversity – Youth • Media – Music, novels, theater
- 15. Epilogue, Part II: The Man Behind The Musical and entrepreneurial ambition
- 16. What Comes Next? • Who tells your story? • What modern work “speaks” to your vision and understanding of entrepreneurship? • Work on now; turn in at start of class on Tuesday
Editor's Notes
- This song can serve as inspiration and apt description of aspiring entrepreneurs who are “young , scrappy, and hungry” as they work to “rise up” in life through innovation and creation. This song teaches us that if you have an idea for a new product, service or company that adds value you should “not throw away your shot” at greatness as you seek your independence from the regular daily grind, whether that be college or a 9-5 job. *5 minutes*- full song
- This song speaks to entrepreneurial hustle and work ethic as many entrepreneurs grind nonstop like they’re running out of time. Given limited resources, entrepreneurs are always mindful of their runway as the startup will either takeoff or crash and burn. Replace the word “write” with “work” in the lines: “Why do you assume you’re the smartest in the room?” “Why do you write like it’s going out of style? Write day and night like it’s going out of style?” and you could easily be describing modern day entrepreneurs. Many entrepreneurs put in long, hard hours at all times of day and night. 6 minutes
- Just as Alexander Hamilton tells us “I have never been satisfied” such a refrain could come from a present day entrepreneur. Successful entrepreneurs are not satisfied with the status quo. They create solutions to real world problems. And tackling one problem or creating one company is never enough for serial entrepreneurs who are out to prove themselves again and again. *5 minutes* “There’s a million things I haven’t done but just you wait, just you wait…”
- This Leslie Odom Jr. (aka Burr) song is by far my favorite in the play, and offers lessons on two important entrepreneurial concepts: strategy and failure. Burr is strategic in lying in wait, calculating his ambitions and waiting for his moment to act. One memorable refrain from this number is “I am inimitable/I am an original.” The Resource-Based View of strategic management offers that one way to obtain a sustained competitive advantage is to have inimitable resources. This rings true for large companies as well as scrappy startups. But this song also teaches us that entrepreneurial tenet that failure can be beneficial if we learn from it. Mistakes are inevitable, but those failures can eventually lead to success for those who are patient.
- This is another pièce de résistance from Odom Jr. (for a play about Hamilton, Burr sure does get the best songs, but I digress..) that offers a counter to the patience preached in “Wait For It” by encouraging action. “When you got skin in the game, you stay in the game But you don’t get a win unless you play in the game Oh, you get love for it. You get hate for it. You get nothing if you… Wait for it, wait for it, wait” This number is an ode to deal brokering, and speaks to the importance of networking (you want connections to get a seat at the table), and negotiation. Deals often take place behind closed doors and involve making tradeoffs. “The art of the compromise Hold your nose and close your eyes” 5 minutes
- his number is an ode to deal brokering, and speaks to the importance of networking (you want connections to get a seat at the table), and negotiation. Deals often take place behind closed doors and involve making tradeoffs. “The art of the compromise Hold your nose and close your eyes” And finally this song offers that entrepreneurs are not only dreamers but doers as these visionaries bring concepts to life. This song includes a line “But we dream in the dark for the most part” which according to Genius.com is likely a reference to a TE Lawrence quote: “All men dream, but not equally. Those who dream by night in the dusty recesses of their minds, wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act on their dreams with open eyes, to make them possible.”
- http://www.kauffman.org/blogs/growthology/2015/06/lessons-from-the-kauffman-index-immigrants
- http://newsletter.blogs.wesleyan.edu/2015/05/24/mirandacommencementspeech/ 9:29-14:40