[I was] more interested in being a public intellectual than being a scholar. And what I mean by public intellectual is someone who helps us as individuals and as a society figure out both who we are currently and who we should be.
One of the pluses of creating businesses is that you can weld it with a capital model because if you can create a sustainable, profitable business it theoretically lives forever. [You] have a force that makes change in the world.
Think of entrepreneurship as investing.
There are 3 basic strategies for investing:
A metaphor for entrepreneurship: Scuba diving – you’re at the bottom and only a limited amount of oxygen. The question you ask is, which way is the surface and how long do I have to get there.
Principles of entrepreneurship
There are 3 skill types that are part of a founding team:
In real estate, it’s location, location, location.
In consumer internet – the key is distribution, distribution, distribution
3 Stages of a startup:
Each stage requires fundamentally different skill-sets.
Entrepreneurship is very important because every modern career is heading toward entrepreneurship. You’re being a small business, entrepreneur even if you’re working within a company. The skill learned from entrepreneurship are applicable to any career path.