4.6 • 88.8K Ratings
🗓️ 9 March 2025
⏱️ 59 minutes
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Little-known and surprising stories of how all sorts of institutions began.
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0:00.0 | Pino Audi teaches in the business school at Dartmouth, and he researches the question, |
0:06.5 | how do entrepreneurs get created? |
0:09.1 | And at some point he noticed that his students and many of his colleagues actually have an opinion about this. |
0:13.7 | They believe entrepreneurs make themselves. |
0:18.3 | You know, you head off on your own, you write a business plan, you start in your |
0:21.2 | own garage. And the garage, by the way, is not a metaphorical garage. It is a garage, a literal |
0:27.0 | garage. Hewlett Packard started it in a garage. Apple Computer had a garage. Disney, the Patel |
0:32.4 | toy company, the Whammo Toy Company. It is about big dreams and humble beginnings and success in the face of adversity and doubters. |
0:41.1 | And also the idea that regardless of who you are, regardless of humble your beginnings are, |
0:45.5 | you can turn something into an immense success story if you work hard. |
0:49.4 | And that was the point in time in which I got interested in the story of the garage as a myth. |
0:58.4 | A garage is a place of possibilities. |
1:01.7 | It's a place where things can get invented and a place where entrepreneurs begin. |
1:07.0 | This is a promotional video that Hewlett-Packard put together after it spent millions to buy and restore the original garage where its two founders started a company that is still one of the largest technology firms in the world. |
1:18.6 | In 1938, in a garage in Palo Alto, California, Bill Hewlett and Dave Packard set to work to start a new company. |
1:35.6 | They had a few hand-operated punches, a used Sears-Robach drill press that had just made the trip west in the back of one of their cars, and they had a rented flat with a garage. |
1:41.9 | Professor Adia doesn't argue with any of this, but he says that when you ask actual entrepreneurs, |
1:47.1 | and this is true in survey after survey, |
1:49.2 | you find that most of them began not by going off into their garage, |
1:52.8 | but by working for somebody else, making contacts, learning the business. |
1:56.5 | So this is a very robust finding, |
2:00.1 | which tells us that actually if you want to become an entrepreneur, |
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