Presentation for Founder Institute

1. good and bad
IDEAS
brainworm innovations

2. remember: good ideas
require execution; bad
ideas require pivots

3. sources of
motivation

4. which is better??

5. good bad

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

7. which is better??

8. good Bad

9. inverse relationship between
experience and entrepreneurial
motivation
entitlement
bored with the details

10. which is better??

11. good bad

12. ‘flaws’ are good
strengths often emerge as
compensation for flaws
a perfect image may cover deeper
problems

13. which is better??
Jack Lemon

14. good bad

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

16. which is better??

17. good bad

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

19. what makes a good
business?

20. internet economy
vs. real economy

21. real economy

22. internet economy

23. internet economy is in the billions
the real economy is in the trillions

24. adoption vs.
willingness to pay

25. adoption

26. willingness to pay

27. free adoption leads to churn
pricing should be made based on
perceived value
do people value your product highly

28. wiz bang idea vs.
real solutions

29. whiz bang idea

30. real solution

31. whiz bang ideas do not
solve real problems
there are plenty of real
problems in the world

32. micro-economics
101

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

36. thank you!