UVA PGE Class Final 134-151 PDF

Part IV: PGE Methodology Feb 1, 2023 Micro-Level (Personal) Feb 1, 2023  Personal Qualities Different leadership qualities: "Teen helping little child at drinking fountain" by tsayrate Vulne...

Part IV: PGE Methodology Feb 1, 2023 Micro-Level (Personal) Feb 1, 2023  Personal Qualities Different leadership qualities: "Teen helping little child at drinking fountain" by tsayrate Vulnerability is licensed under CC BY-SA 2.0. Patience Communications Listening Self-care Require new business literature Jan 23, 2023  https://brenebrown.com/hubs/dare-to-lead/ Vulnerability Jan 23, 2023  https://www.guilford.com/books/The-Lost-Art-of- Listening/Nichols-Strauss/9781462542741 https://www.nonviolentcommunication.com/product/nvc/ Communication Jan 23, 2023  https://www.blackswanltd.com/never-split-the-difference Negotiation Jan 23, 2023  Emotional Validation ‘Group Hug’ by Chris Eason licensed CC BY 2.0, via Flickr Founders of non-extractive startups need a community The traditional startup ecosystem provides emotional validation for: raising investment, fast growth, exits We need to celebrate founders who make different choices Jan 23, 2023 Meso-Level (Business) Feb 1, 2023  Collaboration vs. Competition Charles Darwin: “Survival of the fittest” vs. “survival of the "Headwaters Forest Reserve, CA" by mypubliclands is friendliest” Social Darwinism popularized by sociologist licensed under CC BY 2.0. Herbert Spencer, in support of unrestrained capitalism during the Industrial Revolution Darwin argued that friendliness, partnership and communication are the key to evolutionary success, not being large, strong, or aggressive. Suzanne Simard’s TED talk: “How Trees Talk to Each Other” makes a similar point Jan 23, 2023 Business is Creative Alignment Business is the creative art of getting interests aligned "Alignement Louvre (2)" by jfgornet is licensed under In Dutch: “concullega” (where “concurrent” = competitor, “collega” = colleague) CC BY-SA 2.0. Cooperating is usually better for everyone This requires moving from a scarcity to an abundance mindset. Most markets are big enough - there’s generally enough customers to go around Jan 23, 2023 Implementing Non-Extraction Non-extractive companies require legal “belts and braces” to stay non-extractive There is no purpose-fit entity form (yet) "do it yourself revolution" by hannes.a.schwetz is We can use: hybrid entity forms, Golden licensed under CC BY-SA 2.0. shares, Statute text We can try to hack something together using contract law The open source community did the same (i.e. GNU GPL, Creative Commons) If we DIY it, we might inspire politicians to create purpose-fit non-extractive business entity forms Jan 23, 2023  Sales and Marketing A good product-market fit "Melanie Rieback at the SingularityU The Netherlands Summit 2016" by Sebastiaan ter Burg is licensed under CC BY 2.0. is the best marketing tool “Evangelism” fits social enterprise better than traditional marketing and sales Doing the “right thing” gets you earned media Jan 23, 2023  Management Horizontal management https://www.reinventingorganizations.com/ is both effective and stakeholder friendly Holocracy Sociocracy Teal Jan 23, 2023  Intellectual Property Most incubators discuss "open source" by frankh is licensed under CC BY 2.0. patents, copyrights, and trademarks Patents are generally counterproductive for startups Open-source is better Business model: give away the product and sell the services Jan 23, 2023  Law “I realized the true function of a "MK Gandhi, Attorney" by Ben Sutherland is licensed lawyer was to unite parties riven asunder” -Mahatma Gandhi When conflicts arise, you should under CC BY 2.0. favor mediation over legal threats Legal contracts are human relationships condensed onto paper Visual contracts, formal relational contracts, and human readable contracts are up-and-coming Jan 23, 2023  Pricing Different pricing for different Community Eye Health licensed CC BY-NC 2.0 on Flickr classes of customers The Aravind Eye Hospital in Madurai. INDIA.by Cross-subsidization of charitable projects Note: cross-subsidization is abused in the commercial sector for predatory pricing. Same mechanism, very different intentions Jan 23, 2023  Taxes Non-extractive business "Tax Bill" by 401(K) 2013 is licensed under CC BY-SA 2.0. shouldn’t require any tax breaks Paying tax supports society and contributes to a better world Social safety nets, paid by our taxes, reduce entrepreneurial risk Founders benefit from this, so we should contribute back to the system Jan 23, 2023  Retirement Founders want to cash out, because it - Pest Side - Budapest - Hungary" by Adam Jones, Ph.D. - Global Photo https://www.cnvc.org/"Elderly Man Soaks Up the Sun along the Danube “solves the money problem” for them Archive is licensed under CC BY-SA 2.0./resource/book-chapter-1 In PGE, founders are middle class Good salary + pension (This should be enough to retire) We can also leverage our company to create new opportunities We try to keep things reasonable/ proportional in relation to everyone else “Entrepreneurial risk” is overrated Jan 23, 2023