Through the Education Lens

What's Missing in Education: The Entrepreneurial Edge?

CJ Westerberg, May 22, 2012 10:32 AM


"People who live with the work have to own it."
Video Below

by C.J. Westerberg

Recommended is this smart-conversation video interview with Eric Ries, author of  "The Lean Start-up: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses" and Mark Suster, a "2x entrepreneur who has gone to the Dark Side of VC." 

Video runs over an hour but you can check out the topics that interest you most via the time-codes below if you are time-crunched.  There are with numerous take-aways for educators, parents and students, such as the necessity of failure; Steve Jobs; what the next middle class will look like; getting out of our silos (one of my favorite topics); how software development is not just about creating another Facebook; and what's missing in education.  The direct references to education are mainly in the beginning and the end of the video, such as the 1:05 mark where Ries advocates for a "new literacy" that should be considered standard for the next generation: computer programming (software development) and entrepreneurship.

Intrigued yet?  Of course, this opens up another question, which is. . . .  can entrepreneurship
be taught?

Here's the video breakdown, via Suster, "If You Don't Have a Discrete Hypothesis, You Are Incapable of Failure":

00:00 Welcome, our guest is Eric Ries, founder of the Lean Startup Movement.
00:45 Intro to Eric
01:17 Background, before the Lean Startup
01:53 Yale during the Dot Com Bubble
3:35 The real entrepreneurs come out during a down economy
4:15 Eric's startup history
6:30 Why did it take so long to ship?
8:17 How did you decide to go with either shrinkwrap or web only product?
9:14 What was the root cause of the failure of your first company?
11:00 Mark on over-hyping PR
11:50 Startup problems!
13:43 Why would you talk to journalist? Why waste energy?
14:20 People go too fast to internationalize
14:45 Eric: The vital function of a startup is to learn how to build a sustainable business
15:40 Discussion of
17:30 Can you make startups science?
19:30 A teachable moment for entrepreneurs: HAVE A HYPOTHESIS! What do you do better, different, or what do you want to achieve?
20:42 Looking for the "Up and to the Right" charts
21:20 Starting points for business should be a problem
22:10 Eric: Innovation Accounting
22:53 Eric's book: The Lean Startup
24:00 Big money vs. Little money
25:40 The fundamental goal should be to eliminate waste
26:44 Too much capital is not good
26:54 Mark on the negatives of the "Fail Fast" movement
27:45 Eric: The thing that is supposed to fail fast is your bad ideas, not your company
31:10 Mozy Pro Ad
34:00 Imvu
35:29 Why people use social media. Will these norms change?
36:30 Eric: Social media is great for people with social capital
38:00 Should you use avatars?
40:05 What happened after Imvu
41:00 Transitioning from software to writing
42:20 Did agile development influence you?
43:20 The inception of Lean Startup
44:45 Telling an entrepreneur to focus is like telling a fat person to lose weight
46:18 iOS Vs. Android
46:50 Engines of Growth
48:30 Vanity metrics
49:00 Startups are all naked in the mirror
51:10 Astrology and causality in startups
52:00 Actionable metrics
53:35 Opposition to departmental silos
54:20 Semi-autonomous teams
57: 00 How do you rectify company mission and customer demand
58:00 Apple is iterative
1:01:01 Why Steve Jobs got fired
1:01:45 Fenwick and West AD
1:03:03 So what comes next?
1:03:35 Eric: what is society going to do? Most people are working on failing ideas.
1:05:35 Middle class job of the next generation: software development!
1:06:05 The skills gap
1:07:15 The "College Deal" and why it needs to change
1:09:50 We need education!

Orig. published 3/2012

Related posts The Daily Riff:
Entrepreneurs: Pirates in the Arena

Does Our Educational System Put the Brakes on the Entrepreneurial Spirit in America?

Ten Ways to be an Entrepreneur

"Let's Raise Our Kids to be Entrepreneurs" - Video

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