Podcast
Questions and Answers
What is described as the 'original sin' of business?
What is described as the 'original sin' of business?
- Financial extraction (correct)
- Innovation
- Market competition
- Profit maximization
What are the three layers of financial extraction mentioned?
What are the three layers of financial extraction mentioned?
- Personal debt, corporate equity, international development loans (correct)
- Corporate financing, personal savings, growth loans
- Personal debt, international loans, corporate investments
- Corporate equity, micro debt, macro debt
What measurement of national wealth is questioned in relation to achieving prosperity?
What measurement of national wealth is questioned in relation to achieving prosperity?
- Unemployment rate
- Gross Domestic Product (GDP) (correct)
- Inflation rate
- Economic growth rate
Which speaker posed the question about moving from exponential growth curves to flat ones?
Which speaker posed the question about moving from exponential growth curves to flat ones?
What are the three components of the Silicon Valley model?
What are the three components of the Silicon Valley model?
What type of financing includes seed funding and venture capital?
What type of financing includes seed funding and venture capital?
To what extent is venture capital perceived in the context mentioned?
To what extent is venture capital perceived in the context mentioned?
What does the discussion of growth curves imply about the traditional model of economy?
What does the discussion of growth curves imply about the traditional model of economy?
What question does the content pose concerning thrive and growth in economics?
What question does the content pose concerning thrive and growth in economics?
Which aspect of financial extraction is most directly related to individual experiences?
Which aspect of financial extraction is most directly related to individual experiences?
What is suggested as a goal for platforms focused on activism?
What is suggested as a goal for platforms focused on activism?
What is indicated as an ineffective way to engage with businesses?
What is indicated as an ineffective way to engage with businesses?
What do Eastern religions advocate regarding business practices?
What do Eastern religions advocate regarding business practices?
What percentage of startups are reported to fail?
What percentage of startups are reported to fail?
What artistic approach is suggested in the context of business?
What artistic approach is suggested in the context of business?
What is implied by the analogy comparing startups to farmed chickens?
What is implied by the analogy comparing startups to farmed chickens?
How does the quote regarding leadership by Taoism characterize a good leader?
How does the quote regarding leadership by Taoism characterize a good leader?
What role does science fiction play in the context of activism?
What role does science fiction play in the context of activism?
What is the impact of 'pump and dump' schemes on industries?
What is the impact of 'pump and dump' schemes on industries?
What is a key concept associated with business and spirituality?
What is a key concept associated with business and spirituality?
What contributes to the inflated valuations of startups during funding rounds?
What contributes to the inflated valuations of startups during funding rounds?
What does 'Fridays for Future' primarily focus on?
What does 'Fridays for Future' primarily focus on?
What phenomenon does the quote by John Maynard Keynes describe?
What phenomenon does the quote by John Maynard Keynes describe?
Which of the following best describes the current state of many startups?
Which of the following best describes the current state of many startups?
Which statement reflects the critique of efficiency in business?
Which statement reflects the critique of efficiency in business?
Which of the following best captures the purpose of infiltrating power structures in business?
Which of the following best captures the purpose of infiltrating power structures in business?
What was the valuation increase mentioned for Snapchat in May 2014?
What was the valuation increase mentioned for Snapchat in May 2014?
Which term describes the practice of rapidly inflating value followed by selling off for profit?
Which term describes the practice of rapidly inflating value followed by selling off for profit?
What criticism does the startup ecosystem receive from the concept of mega investments?
What criticism does the startup ecosystem receive from the concept of mega investments?
What does the failure of 90% of startups suggest about their risk levels?
What does the failure of 90% of startups suggest about their risk levels?
What is one key principle associated with Christianity's approach to business?
What is one key principle associated with Christianity's approach to business?
What does Pope Francis criticize in his statement from Laudato Si?
What does Pope Francis criticize in his statement from Laudato Si?
Which of the following statements reflects the ancient Greek and Roman perspective on the concept of usury?
Which of the following statements reflects the ancient Greek and Roman perspective on the concept of usury?
What is the primary idea behind the concept of the "Hero's Journey"?
What is the primary idea behind the concept of the "Hero's Journey"?
How can entrepreneurs create "dramatic unity" in their business ventures?
How can entrepreneurs create "dramatic unity" in their business ventures?
What is the main message conveyed in the section on "Synchronicity and Scavenger Hunts"?
What is the main message conveyed in the section on "Synchronicity and Scavenger Hunts"?
Based on the text, which of the following is NOT an essential component of a business model that aligns with the principles discussed in the text?
Based on the text, which of the following is NOT an essential component of a business model that aligns with the principles discussed in the text?
The text highlights a common misconception about entrepreneurship. What is it?
The text highlights a common misconception about entrepreneurship. What is it?
Which of the following themes is MOST prominent in the text?
Which of the following themes is MOST prominent in the text?
What is the primary message conveyed by the "Financial Extraction" section?
What is the primary message conveyed by the "Financial Extraction" section?
Flashcards
Financial Extraction
Financial Extraction
The process of obtaining financial resources at various levels, resulting in debts or inequalities.
Micro Level
Micro Level
Refers to personal debt, which impacts individuals directly.
Meso Level
Meso Level
Refers to corporate equity and debt financing, which affects companies.
Macro Level
Macro Level
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Gross Domestic Product (GDP)
Gross Domestic Product (GDP)
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Prosperity Without Growth
Prosperity Without Growth
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Exponential Growth Curves
Exponential Growth Curves
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Flat Growth Curves
Flat Growth Curves
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Silicon Valley Model
Silicon Valley Model
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Seed Financing
Seed Financing
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Lend without expectations
Lend without expectations
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Profit Maximization Misunderstanding
Profit Maximization Misunderstanding
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Usury Censures
Usury Censures
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Business as Self Expression
Business as Self Expression
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Hero’s Journey
Hero’s Journey
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Dramatic Unity
Dramatic Unity
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Curiosity in Entrepreneurship
Curiosity in Entrepreneurship
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Scavenger Hunts in Business
Scavenger Hunts in Business
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Maximizing Purpose
Maximizing Purpose
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Business as Activism
Business as Activism
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Financially Self-Sustaining Activism
Financially Self-Sustaining Activism
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Art in Business
Art in Business
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Right Livelihood
Right Livelihood
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Mindfulness in Business
Mindfulness in Business
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Taoist Leadership
Taoist Leadership
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Science Fiction as Activism
Science Fiction as Activism
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NGOs and Financial Sustainability
NGOs and Financial Sustainability
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Efficiency in Business
Efficiency in Business
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Playfulness in Business
Playfulness in Business
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Startup Failure Rate
Startup Failure Rate
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Startup Ecosystem
Startup Ecosystem
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Valuations
Valuations
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Funding Round
Funding Round
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Pump and Dump
Pump and Dump
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Speculation
Speculation
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Exit
Exit
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Softbank's Impact
Softbank's Impact
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Economics of Industries
Economics of Industries
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Casino Dynamics
Casino Dynamics
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Study Notes
Making Business Personal
- This is a presentation topic about Post-Growth Entrepreneurship
Business as Activism
- NGOs and Nonprofits face challenges with donations/subsidies
- There's a need for self-sustaining activism platforms
- Businesses often don't respond to activist pleas
- Activism can be utilized to influence power structures through businesses
Business as Art
- Business can be a mixed media art form
- Avant-garde business approaches are possible
- Efficiency isn't always crucial
- Playful approaches to business are encouraged
Week 1 Assignment
- The presentation mentions an assignment on "The Artist's Way" by Julia Cameron https://juliacameronlive.com/books-by-julia/the-artists-way-a-spiritual-path-to-higher-creativity/
Science Fiction as Activism
- Science fiction envisions future worlds, acting as a form of activism
Business as Spirituality
- Eastern Religions:
- Buddhism emphasizes "Right Livelihood" with Pema Chodron and Thich Nhat Hanh as guides
- Taoism stresses that a leader should be imperceptible when work is done by the followers
- Semitic Religions
- Christianity focuses on lending without expectation of return (Luke 6:35) and the importance of Pope Francis' Laudato Si
- Ancient Greeks and Romans viewed usury as harmful, emphasizing the proper use of money for exchange
Business as Self Expression
- Hero's Journey (12-step template by Joseph Campbell) is applicable to entrepreneurial stories
- Entrepreneurs shape their narratives through actions rather than words
- Entrepreneurial purpose should resonate with everyday operational strategies
- Entrepreneurs can create stories of noble quests, avoiding tales of greed or tragedy
- Synchronicity and Scavenger Hunts are important to new business ventures
- Entrepreneurs should seek quiet moments, acknowledge curiosities, and explore to learn
- Entrepreneurship is akin to a scavenger hunt, revealing clues in the process
Part II: Status Quo
- The presentation section pertains to the current state of business, focusing on challenges in the system.
Questioning Business - Financial Extraction
- The presentation explores 11th round financial extraction from the perspective of Bernhard Lietaer, extended by Charles Eisenstein in "Sacred Economics"
- The presentation discusses the concept that business extraction is a problematic aspect of the current system.
Growth
- Macroeconomic Growth is examined
- Includes the topic of Gross Domestic Product (GDP), considering why it's used to measure economic health of countries
- The concept of achieving prosperity without growth is examined with possible new growth models. The need to move from exponential growth curves to flat ones is posited.
- Kate Raworth's TED talk about a healthy economy is discussed.
Silicon Valley
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The presentation discusses components of the Silicon Valley business model
- Discusses Capital, Scale, Exit, and provides examples of these such as seed financing, VC rounds or scale implications.
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It critiques the model, showing how profitability is often forsaken in favor of exits.
The Startup Ecosystem and Valuations
- The presentation examines valuations of startups, comparing them with real-world scenarios like Kleiner Perkins' investment in Snapchat.
Pump and Dump
- Startups' shift to being unprofitable shell companies for cashing-out is discussed as a problematic aspect of the business world
- The presentation analyses how the business model of mega investments creates an environment conducive to artificial growth and a casino-like atmosphere.
Speculation and Enterprise
- The presentation analyzes John Maynard Keynes' views on speculation and enterprise showing how speculation can destabilize serious business.
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