everything i needed to know about entrepreneurship, i learned at the university of michigan
TRANSCRIPT
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All I need to know about entrepreneurship I learned at Michigan
Furqan Nazeeri
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3 Goals
• Makes sense to engineers• Relevant to business• Actionable
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6 Lessons
• Define a mission• Evolve your organization• Know your customer• Work hard, but not too hard• Manage risk vs. reward• Insist upon a can-do attitude
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Results
• 9 races in North America 5 National Championships
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Define a Mission
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Earn the victory
move the world.
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Evolve your organization
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Solar Car Team Growth
Head
coun
t
Time
Hi
Lo
FoundingPre-Money
$
Post-Funding
Start
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Serendipity is the effect by which one
accidentally discovers something
fortunate, especially while looking for something else
entirely unrelated.
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Self-Selection is
when individuals select
themselves into a group causing a
biased sample.
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Know your customer
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Hard work, but not too hard
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Productivity
Prod
uctiv
ity
Time (hr / wk)
1200
Hi
Negative40 80
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Manage risk vs. reward
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Risk vs. Reward
Reward• Save 10 lb
Risk• Distract lead
strategist• Delay testing• Destroy the car• Lose race• Injure the driver
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Measuring Risk
Prob
abili
ty
ImpactHiLo
Hi
Lo
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Go Ahead – Take RisksIt gives the rest of us something to laugh at.
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Mars Pathfinder
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Insist upon a can-do attitude
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6 Lessons
• Define a mission• Evolve your organization• Know your customer• Work hard, but not too hard• Manage risk vs. reward• Insist upon a can-do attitude
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Build stuff!
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Thank you!