Are successful entrepreneurs irrational?


Franck Nouyrigat - Cofounder of Startup Weekend
Literature
Impact on US GDP
?
            0          $1b
                             REVENUE
lG ame!
                                               ne ur   ia
                                      tr ep re
                              t he En
         co me to
W el

                81                              123           7 billion people
           10                              10
Atoms in the known universe           Shannon number
                                                              really complex game!
B
                                                                  ?
 KNOWLEDGE                                                            Business Decision




                                                                 ?                              C
                             Entrepreneur




THERE IS NO SYSTEMATIC PATH TO BUSINESS SUSTAINABILITY


               Bounded rationality is the idea that in decision-making,
               rationality of individuals is limited by the information they have, the
               cognitive limitations of their minds, and the finite amount of time
               they have to make a decision
                                                                              Reinhard Selten
THE MYTH OF THE LONE
    ENTREPRENEUR
A WORLD FULL OF POTENTIAL
 World         Bay Area       Mountain View      Internet




                          2               2
50 / km   2   395 / km        2300 / km       2.26b / screen
THUS -> LEARNING BY DOING
TRANSVERSAL DATA MODEL
       reneur’s story
Entrep
                                                        FT500
                                                        You are taking over the World!

                                              SCALE
                                              You have a stable business model


                          Garage   STARTUP
                                    You have a solid team with some good ideas

                         ACTION
                         You are an Entrepreneur

             DISCOVERY
             You want to be an Entrepreneur


    INSPIRE/CELEBRATE
?    You’ve got some passions & ideas
NO TALK, ALL ACTION
:
Bibliography




    @PEIGNOIR / FRANCK@STARTUPWEEKEND.ORG

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TedXUofW 2012

  • 1. Are successful entrepreneurs irrational? Franck Nouyrigat - Cofounder of Startup Weekend
  • 3. Impact on US GDP ? 0 $1b REVENUE
  • 4. lG ame! ne ur ia tr ep re t he En co me to W el 81 123 7 billion people 10 10 Atoms in the known universe Shannon number really complex game!
  • 5. B ? KNOWLEDGE Business Decision ? C Entrepreneur THERE IS NO SYSTEMATIC PATH TO BUSINESS SUSTAINABILITY Bounded rationality is the idea that in decision-making, rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision Reinhard Selten
  • 6. THE MYTH OF THE LONE ENTREPRENEUR
  • 7. A WORLD FULL OF POTENTIAL World Bay Area Mountain View Internet 2 2 50 / km 2 395 / km 2300 / km 2.26b / screen
  • 8. THUS -> LEARNING BY DOING
  • 9. TRANSVERSAL DATA MODEL reneur’s story Entrep FT500 You are taking over the World! SCALE You have a stable business model Garage STARTUP You have a solid team with some good ideas ACTION You are an Entrepreneur DISCOVERY You want to be an Entrepreneur INSPIRE/CELEBRATE ? You’ve got some passions & ideas
  • 10. NO TALK, ALL ACTION