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