Google had 3 concepts:
- Timely due to the internet
- Adversity Coecient tried to sell it to you yahoo & couldnt afford computer technology
- Proof of concept got millions to try it then monetized it
- Creative destruction Google was so much better that other search engines like AltaVista
- Attractiveness lots of traffic and money from ads
- Facebook scalability make it once and it keeps growing
- Ben and Jerrys Values Getting Vermont cows
- Home Depot Social Entreprenurship
- Richard Branson Adversity
- Trump Team His show builds team
- Mary K (Cosmetics)
Did the adversity affect the implementation?
$1m debt in 1980 The Manor attracted Phil Collins
Do you need to clean up your car? Do you buy 10s
You can buy 1 for the price off 10
Sir Richard Branson - His first business venture was a magazine called Student at the age of 16. [3In
1970, he set up an audio-record mail-order business. In 1972, he opened a chain of record stores, Virgin
Records, later known as Virgin Megastores. Branson's Virgin brand grew rapidly during the 1980s, as he
set up Virgin Atlantic Airways and expanded the Virgin Records music label.
Richard Branson then embarked on a quest to turn the controversial into cash. Virgin Records
signed on controversial bands other record companies were afraid to touch such as the Sex
Pistols, Faust and Can as well as the Culture Club to name a few.
My interest in life comes from setting myself huge, apparently unachievable challenges and trying
to rise above them...from the perspective of wanting to live life to the full, I felt that I had to
Richard Branson's approach to business is to succeed within the first year or exit the market. This
includes a one-year limit on everything associated with starting up. Virgin Atlantic became
profitable during the first 12 months, aided by sister company Virgin Records' ability to finance
the lease of a second-hand Boeing 747. Virgin
Did the adversity lead to opportunity?
He had Dyslexia and did not enjoy education system. He had poor grades left school
to pursue something that worked for him to change the world he started up a magazine
company to give students a voice
Girfriends abortion walk-in clinic he created Student Advisory Centre in his maga-ine
Branson used the lack of experience as an advantage by garnering attention through his teams
enthusiasm. Branson started his record business from the crypt of a church where he ran The
Student. Branson advertised popular records in The Student Magazine and it was an over night
Mail strike record store -When we sensed that Student magazine's circulation was
reaching its peak, we looked for more ways to make money, and decided to start selling records
by mail order. A postal strike stopped the business in its tracks, but we had caught the music bug.
Instead we set up our first record store.
o Constrained by a lack of capital after the strike, we found a former shoe shop on Oxford
Street in London, and we talked the owner into letting us use the empty space. We were
not trained retailers, but we liked music and wanted to create a cool hangout for young
people. Instead of building displays designed to move merchandise quickly, with huge
racks of records and no place to sit down, we brought in big, comfy cushions and built
listening booths -- it was a place where you could chat about music with your friends and
share your favorites with them.
From music retailing we moved into the recording industry, but it was our move into the airline
business that underlined for me the advantage of inexperience. When we leased our first 747
jumbo jet in 1984, I knew very little about the airline business, beyond the fact that I had flown a
lot as a record executive and disliked it. The food was poor, the entertainment was bad, the seats
were uncomfortable and the service was lackluster. Surely all this could be changed -- it was just
o Virgin Atlantic's early years were all about breaking conventions. I hated being stuck in
one place for eight hours at a time, so we created a bar where Upper Class passengers
could meet and talk during the flight. We brought massage therapists on board to relieve
the tedium and ensured that all passengers had better seat-back entertainment.
Continuing this tradition, Virgin America, our newest airline, has similarly revolutionized
the industry in the United States.
The Grameen Bank (Muhammad Yunus)
TransgamingTechnologies (Vikas Gupta, CEO)
Mold Masters (Jonathon Fischer)
ENT526 Midterm Review (Week 1-5)
Venture Capitalist (VC) is financial capital provided to early-stage, high-potential, high
risk, growth startup companies. The venture capital fund makes money by owning equity in the
companies it invests in, which usually have a novel technology or business model
The typical venture capital investment occurs after the seed funding round as growth
funding round (also referred to as Series A round) in the interest of generating a return
through an eventual realization event, such as an IPO or trade sale of the company
A Series A round is the name typically given to a company's first
significant round of venture funding in the Silicon Valley model of startup
o Usually the first series of stock after the common stock and common stock
options issued to company founders, employees, friends and family, angel
o Common stock is a form of corporate equity ownership, a type of security. It is called "common" to distinguish it from preferred stock. If both types
of stock exist, common stock holders cannot be paid dividends until all
preferred stock dividends (including payments in arrears) are paid in full.
Venture capital is a subset of private equity. Therefore, all venture capital is private
equity, but not all private equity is venture capital.
Private equity is an asset class consisting of equity securities in operating companies
that are not publicly traded on a stock exchange. Usually made by private equity firm,
a venture capital firm or an angel investors
Seed money, sometimes known as seed funding, is a form of securities offering in which
an investor purchases part of a business. The term seed suggests that this is an early
investment, meant to support the business until it can generate cash of its own, or until it
is ready for further investments. Seed money options include friends and family
funding, angel funding and -- recently -- crowd funding
Crowd funding or crowdfunding (alternately crowd financing, equity crowdfunding, social
funding or hyper funding) describes the collective effort of individuals who network and pool
their resources, usually via the Internet, to support efforts initiated by other people or
Ben and Jerry offered stock to raise money to buy a manufacturing faculty through their
Vermont community. He believed a Business has a responsibility to give back to
the community from which it draws its support. Cohens idea was for the
company to be owned by the same people who had lined up for scoops of ice
cream at the gas station [i.e. the first scoop shop]".
Entrepreneur is an enterprising individual who builds capital through risk and/or initiative
o Entrepreneurship implies a special natural ability to sense and act on opportunity,
combining out of the box thinking with determination to bring something new into the
o A person who senses an opportunity and displays out of the box thinking and
o Jean-Baptist: An entrepreneur is one who shifts economics resources out of an area of
lower and into an area of higher productivity
o Niccolo Machiavelli: Entrepreneurs are simply those who understand that there is little
difference between obstacle and opportunity and are able to turn both to their advantage.
Social Entrepreneurship recognition of a social problem and the uses of entrepreneurial
principles to organise, create and manage a social venture to achieve a desired social change.
A venture that gives a portion of each dollar it makes in profit to the company
When you buy a product it donates it or something else