Real World Lecture: Why do Entrepreneurs Jump with Faulty Parachutes?

Consider jumping from a plane knowing your parachute has an 80-90% chance of failure and no backup. Would you still be willing to do it? This short lecture explores the reasons why entrepreneurs take these leaps of faith and how they deal with risk and uncertainty. We will address the illusion of control, understand the unknown unknowns of markets, the anatomy of resilience and case studies where pivots from original plans allow entrepreneurs to stitch the silk while they’re still in the air.