
good to let you start with a question
simple so please be honest
anything goes
Please raise your hand who
have lied at least once in the
last five years the doors of the
people who have raised their hands
please tell me which ones
you consider good people are
Honest people, we are liars
this is but this is not bad
we use lies and lies is a
mechanism that we use systematically
he and in fact part of the society that
we build through lies
today I am going to talk about a very
special is the lies we make ourselves
to ourselves and in fact I’m going to
talk about the lies we make to
ourselves in a very moment
special of our life that is when
we set up a business is very curious
because at that time many
things in our head and it’s very
interesting how we use these
mechanisms as we try to overcome
I’ve been lucky to work with
many entrepreneurs setting up startups
basically they are basic businesses
technological and innovative in which
there is a context of extreme uncertainty
very high no and he was lucky no longer
just to assemble it myself as
entrepreneur but also be able to work
with them hand in hand and already discovered
a series of mechanisms that repeat themselves
very often there are three mechanisms
that uses entrepreneurs to believe
your own lies
basically this we call biases a
bias is a way in which
distorts reality we think it is
one way when it really is not
let me tell you these three
biases that entrepreneurs use to
create our own lies and it’s
better let him tell how to be able to
overcome this
the first bias the first of all is
very common weapon bias
planning fallacy
basically it’s about making a plan
of business and to love all that
you write in the business plan
It basically consists of wanting
all things are going to be like you
you want them to even think that you
product will be faster prettier
cheaper than the competition and not yet
has not even started making it
good this kind of bias we suffer
constantly and it’s funny because
when you create a business is very
difficult to make a plan is very difficult
predict business plans are
predictive tools will help me
predict what will happen but
it is very difficult to predict what
It has never happened to you
make a business plan
perfect is that if we think about it well
ask a business plan to a
entrepreneur before having his business is
how to ask cristóbal colón for a map
of the world
before there was Spain is that he did not find
an island found a Jewish continent
and this and no and it was not a bad time
cristóbal colon the question is who
was going to imagine a continent and in
medium
the same thing happens with entrepreneurs and
it is true it is very difficult to imagine
things until it does not happen
there is a great example and a cake
very famous that had this kind of bias
called iridium maybe you sound iridium
because today it continues to operate but
I was one of the most
spectacular of that kind of bias of
planning fallacy
it was basically the year 94 group of
visionary entrepreneurs your coming that
he changed the world his idea basically
was to create a system of
global telecommunications in the year 94
there were mobile phones but
it was not obvious that everyone is going to
have a very good phone 12
mobile phones but the cause was not
that the key is that his idea consisted
in creating the global
so for that they had to throw 77
satellites to space to give coverage
via satellite to the entire planet
the investors when they heard this
idea the year 94 they would do the
millions by the pockets
in fact iridium raised five thousand
millions of dollars to launch the
satellites dazzled a lot
effectively and it was amazing because
they worked as animals to launch the
satellites but think that they manufacture the
Hotels is expensive but but the fao space
It is also expensive and when the
satellites in space when you create
the network and use the terminals and call
level that they work already they thought I was going
to collect them millions of the market
target 500 million potentials
customers in the world was the year 2000
that incredible feat is not
agreed from the year 2000 but the
year 2000 we had in Spain, we have to
remember that we did not have a mena
resurfaced in the year 2000 was
when ericsson reminds us
collection of the capital you remember was
kid who would know if the capital
before the little girl motorola took the v
you remember that the start of ubeda
kid all here in the purse that
it filled us mouth to ear he remembered
of that one, it is not fair in that one
moment was when he took out his terminals
to the market they were more or less like
what are you going to see at that moment
they removed those terminals
of course yes the first spectacular the
whole from an incredible aesthetic not
people came to the store
telephony starts those phones today
what can be done with it can be
talk about you want wherever and
wherever the VAT is already going up
He has a conference call with his boss
is in the middle of the Pacific to call
his wife being credible I do not know if it was
a question but the antenna can be
turn not fuck that like the mobile
here and there and going iridium
went bankrupt in eight months and one that will be
18 months
it’s funny because until you have
things in your hand you do not know how to
it involves the world and the market
the second came in second place
with telling you that its terrible is not the
sex that you think is false
consensus sex by false consensus
you think that everyone has the
same problems that you have
this is very typical of entrepreneurs
a problem occurs does not find in
Internet
think that everyone has access to
internet and I miss the kids that
we can see that children and
basically this mechanism our
Parsha everyone thought that the
market size is much larger
what is really good is understood
very well this this bias with a with a
case that I lived very close
I was with a startup that your idea
basically it was to develop
some bracelets we gables know no
eject the little ones consisted
basically in power geoposicionar
exactly that problem to children
how was it lost
basically he’s looking for the boy
with the mobile controlled and in that
good moment because there was the child
not clear
your program what form do you want to solve
It’s very obvious to lose your son so he
Asked a father wants to lose your
degrade and is 25 years old and
I do not know but but from 10 years down
that I call the mission ad gentes was not
true is also that no father who
losing them is as obvious it did not cost us
very much to begin to convince us of
go out and ask
in fact at first we chose
different customer segments
I remember that they were the ones
summer camps summer camp
we know about the colleges of
nurseries and we did it was going out to
talk with daycare we talk to 15
daycare directors to try
understand the problem
to see if it is really happening and
It was funny because when we are
in front of the directors of the
nursery the first interview we
we sat hello good afternoon many
Thanks for your time we are a startup
that we are trying to understand the
problems that you have in day care centers
and we would like to know what kind of
matters when a child lost to
daycare we do not miss children with
some level lost not the farm
school in the museum there not that
no no I am not 25 years old with the
daycare did not lose a child life
it’s based on interviews I have not done some
angry very much said but you
that I bring to you the city council that this
so it’s brutal because a nabai us
refines and are deranged says the
last interviews and from here that is
a bracelet for children and children
controlled and do not get lost and goes and says
look boy in this nursery we have
security protocols that we know
all the nursery teachers and
it does not matter how much shit you put on the child
on the wrist
I will not change any of the
protocols and now that I have the truth
in the nursery so this does not bring
no value like listening to this in
two weeks like jose listening to these
two years he knew that this is the great
difference from a scam when you learn
quick is to say the terrible ones and that
be careful, do not think your problem
everyone has it
maybe the problems that we
we have are ours and they are not easy
to transport other people
and the third type of bias is
possibly the worst of all we’re going
the cost bias
this bias is the reason why a
entrepreneur the more time he spends his
product or service costs more
change the most is the vision that he
wants without listening to what the
market and you can stick years
developing a product and every time
it costs more to change what there are examples
terrible of all this possibly one
of those that I met and I was lucky
to be a mentor was something spectacular
it was a boy that his idea was
Interestingly it was also social was
well pretty what you basically try
is to avoid throwing food in the trash is
terrible because it’s almost a third of the
food that we work and make
throw the trash is terrible but the
goal was basically to develop
a platform that did indeed
developed a web environment a
online tool and an application
by moving to communities
could share food in such a way
that if I do not give it to the first one it’s a
young boy who eats sandwiches all
day and the fourth is a lady
older than he does in tiles as one day
on lentils that the first one can
eat lentils and to turn it into a
little story to avoid throwing
food because in addition the curious thing and of
the food that made me food what
you do is put it in the fridge and when
food rots
really the fridge murdered his what
we thought well not but this concept
when we asked him, people were
very very clear you said you want to throw
junk food
I do not want to be embarrassed to say no
is that the food did not but we made a
experiment and we must see what happened in
the behavior of people because
the opinions everything is very clear but
the behaviors we discover something
terrible
we discovered a concept that we call the
Asquito that took the written
next for example imagine that I
I’m at home eating the cris makes us
lentils for all for children to
I am a woman and good with
teachers and suddenly I found a
crisis pair is a crisis dog but
yes eating the advantages of the fourth to
half spoon
I find a hair the moment to throw
of the hair from the mouth at that moment what
we call asquito and the asquito is the
why we keep pulling a
third of the food to terrible garbage
the human being as is me is not not
question of judging them we are as we are
For better and for worse
but the brutal thing about all this is that it
he quickly realized that the problem
what I wanted to solve could not be
solve with the tool that had
developed takes a year developing
and you know what he told me when
we lost all that said I played very
well we are here with your product
what is called bias by cost
terrible these eyes that you have in front
has seen liquidate being behind by this
kind of good bias you try to tell
the three most typical cases that we have
when we set up a business there is more
without a doubt but these are very
frequent and anyone here in the room
who wants to start a business that was a
startup suffer those facts because I
same riding the suffered them
maybe the question you have all this
Moment is Nestor as we overcome these
biases how we are able to try
do not believe our own lies
well, the mechanism that we use
startups and entrepreneurs for
solve this is called the method
scientific
well exactly nothing new in the
horizon what we do is apply
the very foundations of the
experimentation to learn
quickly because what we do is
our business idea
we identify the most hypotheses
risky we have says hypothesis
we build experiments and tests
some I have counted on these examples
and experiments show us the facts and
the facts we like or do not like
but they are facts and with the facts we see and
We validate in validate our
assumptions or hypotheses
so to this in general we carry
lines tart is a mechanism in which
we build products and businesses based
in the validation with the client in the
validated knowledge and in the
scientific experimentation
nowadays when you create a business of
innovative technological base
there is much uncertainty more things than
we do not know what we know and instead
to create our own lies what
what we do is experiment and try
quickly so he tried on my
own businesses where he could
collaborate help or form part tried
work systematically this approach
scientist so I recommend that
anyone who is here wants to ride
a business maintain this focus
scientist to not believe their own
lies but
I’m going to tell you something that has
learned over the years
even though the lies are not
good
tell you that there are some lies that yes
they are and what lies that help us
very much and that they are not getting all
life is more than small they told us
that you could not lie that if he lied
this one exercised the nose but if we see
a lie they already taught us with
lies but it’s not bad
in fact the lies help us in the
life help us understand the years to
will help us study helps us
surpass ourselves
many athletes when they are in the
limit can not anymore and good when
I came to the corner to propose
they do not pay they are 22 they keep running
the lie is very powerful yes we know
use the session is going to handle the
lie is brutal because what I do
I can say is that it is possible to understand
a world in which the lie
also make us be good people
thank you very much
[Applause]
and
”
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