video games and the future of entrepreneurship in nigeria by feyi fawehinmi
Post on 04-Jul-2015
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Video Games and The Future of Entrepreneurship in Nigeria
Borrowing Ideas
Megan McArdle - Bloomberg, The Atlantic
Evolution of Video Games1980s - Atari, Arcades - Dozens of levels, extremely difficult, almost no one ever finished them because trying again = starting all over again
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Today - Possible to save games, cartridges, disks, memory cards/drives, no need to start from the beginning each time you stop
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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
http://youtu.be/a0nsKBx77EQ
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.
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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
the game • 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 ForwardWe wont all be entrepreneurs but we can all do with changing how we view entrepreneurship and failure
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As with video games, the game is a long one and we should treat every failure as a pause point we can restart from
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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
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