Adeo Ressi, the founder of VC-review website TheFunded and entrepreneur training program the Founder Institute, says ita4ぎa4г nearly impossible to teach entrepreneurship.
Ressi made the statement at a talk in Singapore back in October, which has just been posted online. If that seems like an odd statement coming from the head of a startup incubator, well, Ressi isna4ぎa4д arguing that we should throw up our hands and give up on entrepreneurship.
Instead, he said that with only 2 percent of the population really suited to creating a company (due to genetics, motivation, and other factors &8212' factors that the Founder Institute tries to identify in its application test), ita4ぎa4г all the more crucial for governments and others to create the right environment for startups to flourish. In an email, Ressi elaborated:
The success of entrepreneurship in a society is dependent on the characteristics of the local ecosystem. Subtle changes in the availability of capital and in regulation can change the type of companies created. For example, weak bankruptcy protection fosters service businesses. Over-funding leads to many me-too businesses with a high failure rate.
You can see his full argument in the video and presentation embedded below.
Adeo Ressi on Global Entrepreneurship from Video3 Ressi on Vimeo.
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Companies: Founder Institute
People: Adeo Ressi
Companies: Founder Institute
People: Adeo Ressi
Anthony is a senior editor at VentureBeat, as well as its reporter on media, advertising, and social networks. Before joining the site in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. (All story pitches should also be sent to tips@venturebeat.com) You can also follow Anthony on Twitter.
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