6. people looking for short term
money will find something else that
pays them more quickly
people with a higher calling will
stick it out regardless of the
financial situation
focus on money loss can create a
toxic culture
15. organization is about accountability;
team is about talent
it is possible to be good at one
thing and bad at another
a company’s success should not
depend on an individual
18. random idea generators lead to
mission creep when first idea fails
passion is a form of energy
passionate people have lifelong
investment in their business
33. Pape Madiaw Ndiaye
g a m e t h e o r y :
s c h e l l i n g f o c a l
points
what will the others do?
game theory: nash
equilibria
game of chicken; what will
entre pren eu r do after
getting the money
34. efficient market
hypothesis
random walk of financial
m a r k e t s ; n o w i s h f u l
thinking
Pape Madiaw Ndiaye
President Donald Trump
1950’s TV show
i n f o r m a t i o n
asymmetry
ad v ers e s e le ct i o n; no
inbound interest
35. Pape Madiaw NdiayeMandelbrot Set
Human psychology
D o p a m i n e r u s h f r o m
hidden immunity idols
c o l l e c t i v e a c t i o n :
mancur olson
public goods, monopoly,
tragedy of the commons,
prisoners dilemmas
TV Show Survivor, hidden immunity idols