Entrepreneurs Math: (.9)^10 = 1

I had a wonderful time interviewing Larry Gold last night at Entrepreneurs Unplugged. Larry is a special guy and someone I learn from every time I’m with him. Among the many great stories he told, including a doozy about the time he was a sophomore at Yale, he had a powerful one about how entrepreneurs assess potential outcomes. It resulted in a fun version of entrepreneurial math. Envision a scenario where you there are 10 separate things you need to do to have a successful outcome. Each one has a 90% probability of success. What’s the probability that you will achieve a successful outcome? ...

February 19, 2014 · 2 min · Brad Feld

Entrepreneurs Unplugged with Larry Gold – 2/18, 6:15pm

This Entrepreneurs Unplugged with Larry Gold is going to be special. If you don’t know Larry Gold, he’s just amazing. Larry is one of the originals in the Boulder biotech scene, having founded numerous successful companies including NeXagen (acquired by Gilead) and Synergen (acquired by Amgen). He’s been a professor at CU Boulder since 1980 and was the chairman of the Molecular, Cellular and Developmental Biology Department from 1988 to 1992. So – when you think of the evolution of the Boulder startup community around life sciences, Larry has been involved since the beginning. ...

February 13, 2014 · 2 min · Brad Feld