Video Games and The Future of Entrepreneurship in Nigeria By Feyi Fawehinmi
Video Games and The Future of
Entrepreneurship in Nigeria
Megan McArdle -
Bloomberg, The Atlantic
Evolution of Video Games
1980s - Atari, Arcades - Dozens of levels, extremely difﬁcult, almost no
one ever ﬁnished them because trying again = starting all over again
Today - Possible to save games, cartridges, disks, memory cards/drives,
no need to start from the beginning each time you stop
Then and Now
• Hard core gamers only
• Unbroken stretch needed
to play games
• Take your game
wherever you were going
• Boys only
• Play when you have time
• Play online
• Boys, girls, men, women, old people
What do Video Games have to do with Entrepreneurship?
Professor Deirdre McCloskey has one of my favourite answers to why
rich countries got rich - Attitudes started to change in Holland and
England in the 1800s
Hockey Stick Growth!
For centuries, the world
was poor on $3/day. And
then, like magic, in the
1800s, wealth shot up and
people began to get rich
A Simple Answer...
...it became ok to fail. Previously, failure had been severely punished,
even by death.
But people began to respect and honour innovators, entrepreneurs and
have a more relaxed attitude to failure.
Back to Video Games
They teach us a few things...
• Why it's ok to fail and start again
• Why it's important to broaden the base and bring more people into
• Why no one should be expected to get it right the ﬁrst time
• Why eventual success is the sum total of all previous experiences
• Why success is not just for those who were 'born' with a skill but for
those willing to learn too
Some Notable 'Failures'
Today's PayPal was Plan G - Plans A - F all failed
Nokia actually began as a Paper Mill
Suzuki started by making loom machines used to weave Japanese Silk
Nintendo started off with playing cards, vacuum cleaners, instant rice
and hotels before landing on Donkey Kong and Super Mario
Nigeria - The Way Forward
We wont all be entrepreneurs but we can all do with changing how we view
entrepreneurship and failure
As with video games, the game is a long one and we should treat every failure
as a pause point we can restart from
We should campaign for things that make business easier to do even if they
dont directly beneﬁt us (CAC, business banking)
We owe a duty to ourselves and our country to ensure a society that properly
incentivizes and rewards effort