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The effect of competition in entrepreneurship’s evolution | Stavros Messinis | TEDxChalkida


Aaron mo Stavros simplistic Lika and not

Aaron mo Stavros simplistic Lika and not only actor Puma Samara my own evolution

only actor Puma Samara my own evolution

only actor Puma Samara my own evolution notice my t-shirt I began as an ape I’m

notice my t-shirt I began as an ape I’m

notice my t-shirt I began as an ape I’m going to I’m here now

going to I’m here now

going to I’m here now but somewhere in the middle I was an I

but somewhere in the middle I was an I

but somewhere in the middle I was an I was a farmer I was a industrial worker I

was a farmer I was a industrial worker I

was a farmer I was a industrial worker I had tools I was a foraging ape

had tools I was a foraging ape

had tools I was a foraging ape cave-dwelling

cave-dwelling

cave-dwelling Homo sapiens Neanderthal and I’m

Homo sapiens Neanderthal and I’m

Homo sapiens Neanderthal and I’m evolving into someone who’s holding a

evolving into someone who’s holding a

evolving into someone who’s holding a tablet and I’ll eventually probably be

tablet and I’ll eventually probably be

tablet and I’ll eventually probably be unemployed because artificial

unemployed because artificial

unemployed because artificial intelligence mechatronics robotics

intelligence mechatronics robotics

intelligence mechatronics robotics automation is going to put me out of

automation is going to put me out of

automation is going to put me out of work I’ll be thrust into a massive new

work I’ll be thrust into a massive new

work I’ll be thrust into a massive new Crysis Crysis is the most important word

Crysis Crysis is the most important word

Crysis Crysis is the most important word in evolution there’s a second word but

in evolution there’s a second word but

in evolution there’s a second word but crisis is the most important all

crisis is the most important all

crisis is the most important all evolution and edit adaptation happens

evolution and edit adaptation happens

evolution and edit adaptation happens because of crisis we become wonderfully

because of crisis we become wonderfully

because of crisis we become wonderfully inventive and open new opportunistic

inventive and open new opportunistic

inventive and open new opportunistic when crisis is upon us and when we’re

when crisis is upon us and when we’re

when crisis is upon us and when we’re feeling challenged the other important

feeling challenged the other important

feeling challenged the other important word is opportunity these two words go

word is opportunity these two words go

word is opportunity these two words go hand-in-hand and in the context of this

hand-in-hand and in the context of this

hand-in-hand and in the context of this this talk will talk about crisis as the

this talk will talk about crisis as the

this talk will talk about crisis as the need to overcome the imminent threat of

need to overcome the imminent threat of

need to overcome the imminent threat of death from competition

death from competition

death from competition yes our competition is generally always

yes our competition is generally always

yes our competition is generally always trying to kill us

trying to kill us

trying to kill us always mostly

sometimes metaphorically sometimes

sometimes metaphorically sometimes literally but in terms of prime Maury

literally but in terms of prime Maury

literally but in terms of prime Maury Levitt presents in the beginning of time

Levitt presents in the beginning of time

Levitt presents in the beginning of time and since the beginning of life and

and since the beginning of life and

and since the beginning of life and throughout the evolution of life the

throughout the evolution of life the

throughout the evolution of life the simplest forms of life like bacteria

simplest forms of life like bacteria

simplest forms of life like bacteria appear that is bacteria right bacteria

appear that is bacteria right bacteria

appear that is bacteria right bacteria are over morphing ever evolving mutating

are over morphing ever evolving mutating

are over morphing ever evolving mutating constantly changing attacking living off

constantly changing attacking living off

constantly changing attacking living off living matter and dead matter in order

living matter and dead matter in order

living matter and dead matter in order to live and thrive some bacteria are

to live and thrive some bacteria are

to live and thrive some bacteria are good and some bacteria are bad some are

good and some bacteria are bad some are

good and some bacteria are bad some are terrible businesses too are ever

terrible businesses too are ever

terrible businesses too are ever morphing changing evolving adapting at

morphing changing evolving adapting at

morphing changing evolving adapting at least businesses that want to win we

least businesses that want to win we

least businesses that want to win we have good businesses that develop

have good businesses that develop

have good businesses that develop society that contribute and then we have

society that contribute and then we have

society that contribute and then we have bad business bad business that

bad business bad business that

bad business bad business that contributes nothing exploits kills lives

contributes nothing exploits kills lives

contributes nothing exploits kills lives off living matter it’s this very type of

off living matter it’s this very type of

off living matter it’s this very type of business that gives business a bad name

competition is the most wonderful thing

competition is the most wonderful thing in evolution it keeps us on our feet it

in evolution it keeps us on our feet it

in evolution it keeps us on our feet it keeps us inventive it keeps us agile and

keeps us inventive it keeps us agile and

keeps us inventive it keeps us agile and entrepreneurs like me and a few of you

entrepreneurs like me and a few of you

entrepreneurs like me and a few of you in this room who are entrepreneurs

in this room who are entrepreneurs

in this room who are entrepreneurs please raise your hands reproduce go and

please raise your hands reproduce go and

please raise your hands reproduce go and raise your hand higher you’re a real

raise your hand higher you’re a real

raise your hand higher you’re a real entrepreneur no one else ok

entrepreneur no one else ok

entrepreneur no one else ok we thrive we thrive on the imminent

we thrive we thrive on the imminent

we thrive we thrive on the imminent threat of death we thrive on that

threat of death we thrive on that

threat of death we thrive on that adrenaline rush this imminent threat of

adrenaline rush this imminent threat of

adrenaline rush this imminent threat of death from competition might be from

death from competition might be from

death from competition might be from changing conditions it may be from

changing conditions it may be from

changing conditions it may be from competition it may be from the

competition it may be from the

competition it may be from the environment but it leads us through our

environment but it leads us through our

environment but it leads us through our evolution and helps us grow helps us

evolution and helps us grow helps us

evolution and helps us grow helps us evolve we’ll talk about a few examples

evolve we’ll talk about a few examples

evolve we’ll talk about a few examples of businesses who failed because they

of businesses who failed because they

of businesses who failed because they couldn’t evolve they couldn’t adapt and

couldn’t evolve they couldn’t adapt and

couldn’t evolve they couldn’t adapt and we’ll also talk a few six above a few

we’ll also talk a few six above a few

we’ll also talk a few six above a few successes that managed to identify an

successes that managed to identify an

successes that managed to identify an opportunity and adapt themselves really

opportunity and adapt themselves really

opportunity and adapt themselves really really quickly so that they could try

really quickly so that they could try

really quickly so that they could try is this working right all masters of

is this working right all masters of

is this working right all masters of anything suffer constantly this is the

anything suffer constantly this is the

anything suffer constantly this is the story of my life we really need to talk

story of my life we really need to talk

story of my life we really need to talk about how hard it is to be an

about how hard it is to be an

about how hard it is to be an entrepreneur in a psychological battle

entrepreneur in a psychological battle

entrepreneur in a psychological battle the constant anxiety this is me this is

the constant anxiety this is me this is

the constant anxiety this is me this is really me and I hardly ever sleep and

really me and I hardly ever sleep and

really me and I hardly ever sleep and when I do it’s probably for three or

when I do it’s probably for three or

when I do it’s probably for three or four hours and then I’ll wake up with

four hours and then I’ll wake up with

four hours and then I’ll wake up with nightmares of how I’m going to cover the

nightmares of how I’m going to cover the

nightmares of how I’m going to cover the electricity bill but you know every

electricity bill but you know every

electricity bill but you know every month is a crisis and every month

month is a crisis and every month

month is a crisis and every month there’s a miracle and we live month on

there’s a miracle and we live month on

there’s a miracle and we live month on month waiting for the next miracle

month waiting for the next miracle

month waiting for the next miracle hopefully we won’t ever have to crises

hopefully we won’t ever have to crises

hopefully we won’t ever have to crises and no miracles or will maybe we’ll have

and no miracles or will maybe we’ll have

and no miracles or will maybe we’ll have two miracles and no crisis we wait we

two miracles and no crisis we wait we

two miracles and no crisis we wait we live in in wait now

live in in wait now

live in in wait now it’s hard but without it being hard

it’s hard but without it being hard

it’s hard but without it being hard you’re not really creating anything of

you’re not really creating anything of

you’re not really creating anything of value let’s talk about gold medals for a

value let’s talk about gold medals for a

value let’s talk about gold medals for a second how many gold medalists do you

second how many gold medalists do you

second how many gold medalists do you think actually enjoy training I don’t

think actually enjoy training I don’t

think actually enjoy training I don’t think any enjoy training but they enjoy

think any enjoy training but they enjoy

think any enjoy training but they enjoy winning that’s why we love doing this

winning that’s why we love doing this

winning that’s why we love doing this because sometimes we win most times I

because sometimes we win most times I

because sometimes we win most times I think we win we win overall let’s

think we win we win overall let’s

think we win we win overall let’s examine the word entrepreneur some of

examine the word entrepreneur some of

examine the word entrepreneur some of you will probably have heard already

you will probably have heard already

you will probably have heard already heard this where does the stem of the

heard this where does the stem of the

heard this where does the stem of the word entrepreneur come from entrepreneur

word entrepreneur come from entrepreneur

word entrepreneur come from entrepreneur it’s from the old French back then in

it’s from the old French back then in

it’s from the old French back then in the 1700s the plague when many millions

the 1700s the plague when many millions

the 1700s the plague when many millions were dying and there was an opportunity

were dying and there was an opportunity

were dying and there was an opportunity an entrepreneur means the Undertaker can

an entrepreneur means the Undertaker can

an entrepreneur means the Undertaker can you spot the entrepreneur he’s that guy

you spot the entrepreneur he’s that guy

you spot the entrepreneur he’s that guy and that guy these guys are probably

and that guy these guys are probably

and that guy these guys are probably civil servants right these guys bacteria

civil servants right these guys bacteria

civil servants right these guys bacteria and killed them

and killed them

and killed them so what entrepreneurs back then did was

so what entrepreneurs back then did was

so what entrepreneurs back then did was they undertook the risk and they managed

they undertook the risk and they managed

they undertook the risk and they managed the risk and were rewarded for the risk

the risk and were rewarded for the risk

the risk and were rewarded for the risk that they undertook they cleaned up

that they undertook they cleaned up

that they undertook they cleaned up that’s what they did

that’s what they did

that’s what they did entrepreneurs are risk takers and

entrepreneurs are risk takers and

entrepreneurs are risk takers and nothing encourages entrepreneurship more

nothing encourages entrepreneurship more

nothing encourages entrepreneurship more than the freedom to risk than the

than the freedom to risk than the

than the freedom to risk than the freedom to evolve

freedom to evolve

freedom to evolve and that basically means that you need

and that basically means that you need

and that basically means that you need to have as little regulation as possible

to have as little regulation as possible

to have as little regulation as possible only the regulation that is absolutely

only the regulation that is absolutely

only the regulation that is absolutely necessary to protect the rest of us from

necessary to protect the rest of us from

necessary to protect the rest of us from the bad entrepreneurs we need a freedom

the bad entrepreneurs we need a freedom

the bad entrepreneurs we need a freedom to fail we need a culture which is

to fail we need a culture which is

to fail we need a culture which is tarick tolerant of failure

tarick tolerant of failure

tarick tolerant of failure it’s very tolerant for example in the

it’s very tolerant for example in the

it’s very tolerant for example in the United States and I’ll give examples of

United States and I’ll give examples of

United States and I’ll give examples of why that happens in Europe it’s not only

why that happens in Europe it’s not only

why that happens in Europe it’s not only a financial failure when you fail but

a financial failure when you fail but

a financial failure when you fail but it’s also a moral failure our friends

it’s also a moral failure our friends

it’s also a moral failure our friends frown upon failure we feel very terrible

frown upon failure we feel very terrible

frown upon failure we feel very terrible when a failure happens in Europe we

when a failure happens in Europe we

when a failure happens in Europe we still have things called debtors prisons

still have things called debtors prisons

still have things called debtors prisons debtors prisons I’ll say that again

debtors prisons I’ll say that again

debtors prisons I’ll say that again debtors prison is translated into Greek

debtors prison is translated into Greek

debtors prison is translated into Greek as brothel or a DC if your business

as brothel or a DC if your business

as brothel or a DC if your business fails the very likelihood is that you

fails the very likelihood is that you

fails the very likelihood is that you will be imprisoned that was abandoned in

will be imprisoned that was abandoned in

will be imprisoned that was abandoned in the United States in 1850 and in the

the United States in 1850 and in the

the United States in 1850 and in the United Kingdom in 1869 how unproductive

United Kingdom in 1869 how unproductive

United Kingdom in 1869 how unproductive imagine you’ve man you’ve managed to

imagine you’ve man you’ve managed to

imagine you’ve man you’ve managed to identify an opportunity working very

identify an opportunity working very

identify an opportunity working very very hard to exploit that opportunity it

very hard to exploit that opportunity it

very hard to exploit that opportunity it goes south you lose and you oh you’re

goes south you lose and you oh you’re

goes south you lose and you oh you’re not allowed to restart and there’s no

not allowed to restart and there’s no

not allowed to restart and there’s no way you’ll pay your debt back if you’re

way you’ll pay your debt back if you’re

way you’ll pay your debt back if you’re in jail not a chance

in jail not a chance

in jail not a chance so we need a culture that allows that

so we need a culture that allows that

so we need a culture that allows that safety I’m going to read this very

safety I’m going to read this very

safety I’m going to read this very quickly the things that inhibit

quickly the things that inhibit

quickly the things that inhibit evolution are plutocracy cartels

evolution are plutocracy cartels

evolution are plutocracy cartels monopolies crony capitalists

monopolies crony capitalists

monopolies crony capitalists entrepreneurs in bed with politicians

entrepreneurs in bed with politicians

entrepreneurs in bed with politicians it’s these things that present

it’s these things that present

it’s these things that present competition over one back and therefore

competition over one back and therefore

competition over one back and therefore entrepreneurship the only fear is that

entrepreneurship the only fear is that

entrepreneurship the only fear is that an overbearing government bent on

an overbearing government bent on

an overbearing government bent on managing the economy supposedly for the

managing the economy supposedly for the

managing the economy supposedly for the good of all but actually for the benefit

good of all but actually for the benefit

good of all but actually for the benefit of the bureaucracy the politicians and

of the bureaucracy the politicians and

of the bureaucracy the politicians and the plutocrats who will mostly strangle

the plutocrats who will mostly strangle

the plutocrats who will mostly strangle competition so that they can gain

they’ll kill the fortune builders we’ll

they’ll kill the fortune builders we’ll talk about a few fortune builders in a

talk about a few fortune builders in a

talk about a few fortune builders in a minute and job creation there’s always a

minute and job creation there’s always a

minute and job creation there’s always a danger of this beauty because

danger of this beauty because

danger of this beauty because bureaucracy is just as prone to

bureaucracy is just as prone to

bureaucracy is just as prone to self-interest as those evolving into

self-interest as those evolving into

self-interest as those evolving into plutocrats what we need is a sim vo see

plutocrats what we need is a sim vo see

plutocrats what we need is a sim vo see symbiosis there seems to be a great

symbiosis there seems to be a great

symbiosis there seems to be a great power of game between these two parts of

power of game between these two parts of

power of game between these two parts of society the builders and the ones who

society the builders and the ones who

society the builders and the ones who are made there to protect the

are made there to protect the

are made there to protect the institutions whose role it is to protect

institutions whose role it is to protect

institutions whose role it is to protect versus those who create wealth here we

versus those who create wealth here we

versus those who create wealth here we have a pilot fish and a Remora a

have a pilot fish and a Remora a

have a pilot fish and a Remora a Suckerfish which is actually stuck on

Suckerfish which is actually stuck on

Suckerfish which is actually stuck on the bottom of the shark the shock is

the bottom of the shark the shock is

the bottom of the shark the shock is might probably not the best example for

might probably not the best example for

might probably not the best example for me to choose to identify an entrepreneur

me to choose to identify an entrepreneur

me to choose to identify an entrepreneur but actually the shark is not really a

but actually the shark is not really a

but actually the shark is not really a maneater

maneater

maneater okay the shark is an opportunist the

okay the shark is an opportunist the

okay the shark is an opportunist the shark plays a very important role in

shark plays a very important role in

shark plays a very important role in ecosystems as do his friends around him

ecosystems as do his friends around him

ecosystems as do his friends around him who are there to support him there is a

who are there to support him there is a

who are there to support him there is a symbiotic relationship here the pilot

symbiotic relationship here the pilot

symbiotic relationship here the pilot fish will eat all the debris around the

fish will eat all the debris around the

fish will eat all the debris around the shark

shark

shark the sucker fish will suck all of the

the sucker fish will suck all of the

the sucker fish will suck all of the parasites from the blood of the shark so

parasites from the blood of the shark so

parasites from the blood of the shark so we need to be rid of parasites and we

we need to be rid of parasites and we

we need to be rid of parasites and we need symbiotic relationships if the

need symbiotic relationships if the

need symbiotic relationships if the pilot fish becomes more powerful than

pilot fish becomes more powerful than

pilot fish becomes more powerful than the shark or the sucker fish becomes

the shark or the sucker fish becomes

the shark or the sucker fish becomes more powerful than the shark do you

more powerful than the shark do you

more powerful than the shark do you think that the shark will probably be

think that the shark will probably be

think that the shark will probably be thrust into servitude serving the sucker

thrust into servitude serving the sucker

thrust into servitude serving the sucker fish and the pilot fish will that be a

fish and the pilot fish will that be a

fish and the pilot fish will that be a symbiotic relationship will the shark

symbiotic relationship will the shark

symbiotic relationship will the shark survive will the population of the shark

survive will the population of the shark

survive will the population of the shark be balanced I don’t think so

be balanced I don’t think so

be balanced I don’t think so let’s talk about some companies now some

let’s talk about some companies now some

let’s talk about some companies now some companies that fail to evolve this is

companies that fail to evolve this is

companies that fail to evolve this is Kodak mr. Eastman invented photography

Kodak mr. Eastman invented photography

Kodak mr. Eastman invented photography in the early I forget 1900s I think

in the early I forget 1900s I think

in the early I forget 1900s I think 1800s Wright is a chemist later on Kodak

1800s Wright is a chemist later on Kodak

1800s Wright is a chemist later on Kodak also invented digital photography

also invented digital photography

also invented digital photography everything that you have in your pocket

everything that you have in your pocket

everything that you have in your pocket in your mobile phone

in your mobile phone

in your mobile phone actually invented by kodak but kodak

actually invented by kodak but kodak

actually invented by kodak but kodak became complacent kodak was not able to

became complacent kodak was not able to

became complacent kodak was not able to evolve the board of directors of Cole

evolve the board of directors of Cole

evolve the board of directors of Cole that Kodak decided only said collab

that Kodak decided only said collab

that Kodak decided only said collab kodak decided to shelve the technology

kodak decided to shelve the technology

kodak decided to shelve the technology because they were making enough profits

because they were making enough profits

because they were making enough profits they were complacent they were making

they were complacent they were making

they were complacent they were making enough profits from photo paper they

enough profits from photo paper they

enough profits from photo paper they were making him perform the 110 camera

were making him perform the 110 camera

were making him perform the 110 camera so they decided not not use it and

so they decided not not use it and

so they decided not not use it and someone else came and evolved and now

someone else came and evolved and now

someone else came and evolved and now you have a phone in your pocket Kodak is

you have a phone in your pocket Kodak is

you have a phone in your pocket Kodak is dead Kodak used to employ 200,000 people

dead Kodak used to employ 200,000 people

dead Kodak used to employ 200,000 people was a billion-dollar company employs

was a billion-dollar company employs

was a billion-dollar company employs 2,000 people now had to sell all its

2,000 people now had to sell all its

2,000 people now had to sell all its assets five or ten years ago another

assets five or ten years ago another

assets five or ten years ago another company failed to evolve do you know

company failed to evolve do you know

company failed to evolve do you know what company that is blackberry failed

what company that is blackberry failed

what company that is blackberry failed to evolve run by a greek by the way

to evolve run by a greek by the way

to evolve run by a greek by the way failed to evolve because other companies

failed to evolve because other companies

failed to evolve because other companies managed to evolve faster than them

managed to evolve faster than them

managed to evolve faster than them managed to adapt to changing conditions

managed to adapt to changing conditions

managed to adapt to changing conditions the changing needs of the customers this

the changing needs of the customers this

the changing needs of the customers this company blockbuster store must close who

company blockbuster store must close who

company blockbuster store must close who killed them

Netflix and IPTV the Darwins say

Netflix and IPTV the Darwins say survival of the fittest did he say the

survival of the fittest did he say the

survival of the fittest did he say the strong will survive all three of these

strong will survive all three of these

strong will survive all three of these companies were super strong

companies were super strong

companies were super strong billion-dollar companies they were very

billion-dollar companies they were very

billion-dollar companies they were very fit they were very strong it’s not

fit they were very strong it’s not

fit they were very strong it’s not actually what Darwin Darwin said this is

actually what Darwin Darwin said this is

actually what Darwin Darwin said this is what Darwin said it’s not the strongest

what Darwin said it’s not the strongest

what Darwin said it’s not the strongest of the species that survive nor the most

of the species that survive nor the most

of the species that survive nor the most intelligent like all of you but the ones

intelligent like all of you but the ones

intelligent like all of you but the ones who are most adaptable to change most

who are most adaptable to change most

who are most adaptable to change most responsive to change that’s what Darwin

responsive to change that’s what Darwin

responsive to change that’s what Darwin said so a guy from Boston walks into a

said so a guy from Boston walks into a

said so a guy from Boston walks into a bar and offers to sell this is like

bar and offers to sell this is like

bar and offers to sell this is like nineteen hundred and eight sales walks

nineteen hundred and eight sales walks

nineteen hundred and eight sales walks into a bar a guy from Boston walks into

into a bar a guy from Boston walks into

into a bar a guy from Boston walks into bar offers to sell the barman some ice a

bar offers to sell the barman some ice a

bar offers to sell the barman some ice a chunk of ice to modern ears that sounds

chunk of ice to modern ears that sounds

chunk of ice to modern ears that sounds like the opening line of a joke but 250

like the opening line of a joke but 250

like the opening line of a joke but 250 years ago it would have sounded like

years ago it would have sounded like

years ago it would have sounded like science fiction especially if the bar

science fiction especially if the bar

science fiction especially if the bar was in Barbados

was in Barbados

was in Barbados is how do you get ice from Boston to

is how do you get ice from Boston to

is how do you get ice from Boston to Barbados everyone thought he was crazy

Barbados everyone thought he was crazy

Barbados everyone thought he was crazy but this guy his name is and he hug got

but this guy his name is and he hug got

but this guy his name is and he hug got it over here Frederic Tudor 1806 decided

it over here Frederic Tudor 1806 decided

it over here Frederic Tudor 1806 decided to send ice to the Caribbean went and

to send ice to the Caribbean went and

to send ice to the Caribbean went and convinced an investor and the investor

convinced an investor and the investor

convinced an investor and the investor said okay let’s try it if it lost all

said okay let’s try it if it lost all

said okay let’s try it if it lost all his money because ice melts but over the

his money because ice melts but over the

his money because ice melts but over the years as he tried again and again and

years as he tried again and again and

years as he tried again and again and again the various experienced packing

again the various experienced packing

again the various experienced packing the ice closer packing it with straw

the ice closer packing it with straw

the ice closer packing it with straw then maybe packing it with sawdust he

then maybe packing it with sawdust he

then maybe packing it with sawdust he managed to get ice to the Caribbean he

managed to get ice to the Caribbean he

managed to get ice to the Caribbean he managed to get ice to India can you

managed to get ice to India can you

managed to get ice to India can you imagine the Englishmen in India drinking

imagine the Englishmen in India drinking

imagine the Englishmen in India drinking the gin and tonics with ice so this is

the gin and tonics with ice so this is

the gin and tonics with ice so this is the ice trade ice trade in the nineteen

the ice trade ice trade in the nineteen

the ice trade ice trade in the nineteen eighteen hundred 1900’s reached the

eighteen hundred 1900’s reached the

eighteen hundred 1900’s reached the edges of the earth do you know how many

edges of the earth do you know how many

edges of the earth do you know how many millionaires he became a millionaire but

millionaires he became a millionaire but

millionaires he became a millionaire but you know how many millionaires this

you know how many millionaires this

you know how many millionaires this evolution created many many many

evolution created many many many

evolution created many many many thousands why not because of ice per se

thousands why not because of ice per se

thousands why not because of ice per se but because we could then pack ice

but because we could then pack ice

but because we could then pack ice around goods we could pray pack ice

around goods we could pray pack ice

around goods we could pray pack ice around foodstuffs around fresh produce

around foodstuffs around fresh produce

around foodstuffs around fresh produce and fresh produce could be traveled all

and fresh produce could be traveled all

and fresh produce could be traveled all over the world there’s one evolution but

over the world there’s one evolution but

over the world there’s one evolution but evolution effects everybody evolution is

evolution effects everybody evolution is

evolution effects everybody evolution is competition if not for the laws of fear

competition if not for the laws of fear

competition if not for the laws of fear the laws of the laws and fear to fail

the laws of the laws and fear to fail

the laws of the laws and fear to fail evolution would kill mister Tudors

evolution would kill mister Tudors

evolution would kill mister Tudors business let’s look at a local example

business let’s look at a local example

business let’s look at a local example this is a company very close to here at

this is a company very close to here at

this is a company very close to here at power PEO company called EPSA in 1922 in

power PEO company called EPSA in 1922 in

power PEO company called EPSA in 1922 in a very odd volume they identified an

a very odd volume they identified an

a very odd volume they identified an opportunity they also identified a

opportunity they also identified a

opportunity they also identified a threat they identified the opportunity

threat they identified the opportunity

threat they identified the opportunity of a surplus of lemons

of a surplus of lemons

of a surplus of lemons so what EPSA evolved into was a drinks

so what EPSA evolved into was a drinks

so what EPSA evolved into was a drinks company life gives you lemons make

company life gives you lemons make

company life gives you lemons make lemonade

lemonade

lemonade so let’s I’ve got three minutes left I’m

so let’s I’ve got three minutes left I’m

so let’s I’ve got three minutes left I’m hoping they’ll give me two more let’s

hoping they’ll give me two more let’s

hoping they’ll give me two more let’s examine the elements of a productive and

examine the elements of a productive and

examine the elements of a productive and venereal ecosystem we need five things

venereal ecosystem we need five things

venereal ecosystem we need five things we need talent we have talent our

we need talent we have talent our

we need talent we have talent our university is producing excellent talent

university is producing excellent talent

university is producing excellent talent we need a culture of entrepreneurship do

we need a culture of entrepreneurship do

we need a culture of entrepreneurship do we have a culture of entrepreneurship is

we have a culture of entrepreneurship is

we have a culture of entrepreneurship is entrepreneurship part of our culture

entrepreneurship part of our culture

entrepreneurship part of our culture always ancient Greece part of our

always ancient Greece part of our

always ancient Greece part of our culture or is the Damacio part of our

culture or is the Damacio part of our

culture or is the Damacio part of our culture how much of a balance do we have

culture how much of a balance do we have

culture how much of a balance do we have we need more entrepreneurs we need

we need more entrepreneurs we need

we need more entrepreneurs we need capital I think we have enough and we

capital I think we have enough and we

capital I think we have enough and we probably can have too much but that’s ok

probably can have too much but that’s ok

probably can have too much but that’s ok we need density we now need enough

we need density we now need enough

we need density we now need enough entrepreneurs enough entrepreneurs to

entrepreneurs enough entrepreneurs to

entrepreneurs enough entrepreneurs to exchange ideas to work with each other

exchange ideas to work with each other

exchange ideas to work with each other they change talent and we need a good

they change talent and we need a good

they change talent and we need a good and positive regulatory framework I

and positive regulatory framework I

and positive regulatory framework I think we have it all of pretty much all

think we have it all of pretty much all

think we have it all of pretty much all of that what we also need to do is work

of that what we also need to do is work

of that what we also need to do is work very hard ambition the desire to drive

very hard ambition the desire to drive

very hard ambition the desire to drive higher faster I would add motivation

higher faster I would add motivation

higher faster I would add motivation triggers catalysts threats survival the

triggers catalysts threats survival the

triggers catalysts threats survival the fittest no survival of those who are

fittest no survival of those who are

fittest no survival of those who are more agile leave that one the

more agile leave that one the

more agile leave that one the entrepreneurial cycle here we have an

entrepreneurial cycle here we have an

entrepreneurial cycle here we have an entrepreneur with an idea raises some

entrepreneur with an idea raises some

entrepreneur with an idea raises some money builds an amazing prasing project

money builds an amazing prasing project

money builds an amazing prasing project exits sails his company eventually

exits sails his company eventually

exits sails his company eventually becomes an investor himself that cycle

becomes an investor himself that cycle

becomes an investor himself that cycle keeps evolving keeps growing let’s keep

keeps evolving keeps growing let’s keep

keeps evolving keeps growing let’s keep that one too because with no time here’s

that one too because with no time here’s

that one too because with no time here’s a friend of mine and a friend of all of

a friend of mine and a friend of all of

a friend of mine and a friend of all of ours this is a company called taxi beat

ours this is a company called taxi beat

ours this is a company called taxi beat and that’s his competitor taxi blonde

and that’s his competitor taxi blonde

and that’s his competitor taxi blonde I’ve written here in Greek irreverent

I’ve written here in Greek irreverent

I’ve written here in Greek irreverent vaquita two-second s what the runway

vaquita two-second s what the runway

vaquita two-second s what the runway keys did with his application is he

keys did with his application is he

keys did with his application is he evolved the taxi industry with one

evolved the taxi industry with one

evolved the taxi industry with one application he evolved the competition

application he evolved the competition

application he evolved the competition his competition has been forced to wear

his competition has been forced to wear

his competition has been forced to wear ties to work

ties to work

ties to work these are taxi drivers wearing ties to

these are taxi drivers wearing ties to

these are taxi drivers wearing ties to work I spotted that ten days ago how to

work I spotted that ten days ago how to

work I spotted that ten days ago how to be an entrepreneur find and fix stuff

be an entrepreneur find and fix stuff

be an entrepreneur find and fix stuff that’s broken go where it’s hard go

that’s broken go where it’s hard go

that’s broken go where it’s hard go where it’s scary here be dragons

where it’s scary here be dragons

where it’s scary here be dragons fear Cape Fear fear to err is human

fear Cape Fear fear to err is human

fear Cape Fear fear to err is human to our is pirate as Steve said would you

to our is pirate as Steve said would you

to our is pirate as Steve said would you rather be in the Navy or would you

rather be in the Navy or would you

rather be in the Navy or would you rather be a pirate

rather be a pirate

rather be a pirate now everybody one two three shop are

now everybody one two three shop are

now everybody one two three shop are one two three harder one two three

one two three harder one two three

one two three harder one two three harder one two three bacteria thank

harder one two three bacteria thank

harder one two three bacteria thank you very much

you very much

you very much [Applause]

[Applause]

[Applause] [Music]

[Music]

[Music] [Applause]

[Applause]

[Applause] [Music]

”

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