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This document appears to be notes or lecture material from a University of Virginia course focused on business and entrepreneurship.

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Making Business Personal Jan 16, 2023 Business as Activism "Fridays for Future 25.01.2018 Berlin" by fridaysforfuture is NGO’s and Nonprofits: the problem with donations/subsidies...

Making Business Personal Jan 16, 2023 Business as Activism "Fridays for Future 25.01.2018 Berlin" by fridaysforfuture is NGO’s and Nonprofits: the problem with donations/subsidies licensed under CC BY 2.0. We want financially self-sustaining platforms for activism You can talk to businesses, but they won’t necessarily listen Use business to infiltrate the power structures Jan 11, 2023 Business as Art Business as a mixed "Art in Colors" by Ishrona is licensed under CC BY 2.0. media for art Avante-garde business? Efficiency is overrated. Be playful instead. Jan 11, 2023 Week 1 Assignment https://juliacameronlive.com/books-by-julia/the-artists-way-a-spiritual-path-to-higher-creativity/ Jan 11, 2023 “Science fiction is activism because it's imagining the world to come” - Unknown Jan 16, 2023 Business as Spirituality Eastern Religions: https://greendragonbooks.com/product/the-tao-of-leadership/ Buddhism: “Right Livelihood” Pema Chodron, Thich Nhat Hanh Mindfulness Taoism: “A leader is best when people barely know he exists, when his work is done, his aim fulfilled, they will say: we did it ourselves.” Jan 11, 2023 "Yad and Sefer Torah" by Rachel-Esther is licensed under CC BY-SA 2.0. Semitic Religions: "Sheikh Zayed Grand Mosque: Colonade V" by andryn2006 is licensed under CC BY-SA 2.0. Business as Spirituality Jan 11, 2023 Business as Spirituality "Silhouette of Christian cross near foggy" is marked with CC0 1.0. Christianity: "Lend, expecting nothing in return" (Luke 6:35) Laudato Si (Pope Frances) “The principle of the maximization of profits, frequently isolated from other considerations, reflects a misunderstanding of the very concept of the economy.” Jan 11, 2023 Business as Spirituality Ancient Greeks and "British Museum. Ancient greek vase" by talliskeeton is licensed Romans: Aristotle called usury the most under CC BY 2.0. unnatural and unjust of all trades “Money is be used for exchange, not the breeding of money from money”. In Rome, Cicero, Cato and Seneca made similar censures Jan 11, 2023 Business as Self Expression "File:The Monomyth - Joseph Campbell.jpg" by RegHarris4Wiki is Hero’s Journey: 12 step template - Joseph Campbell licensed under CC BY-SA 4.0. As entrepreneurs, we write our stories with our actions (not words) Create “dramatic unity” between our North Star of Purpose and our everyday operational actions We can aim to make our story a noble quest rather than a tale of greed and tragedy Jan 11, 2023 Business as Self Expression Synchronicity and Scavenger Hunts https://www.elizabethgilbert.com/books/big-magic/ Aspiring founders want to start a company, but don’t have a business idea Get quiet. Create some space. Pay attention to what you’re curious about. Notice it. Investigate it. As you explore it, you will receive the next clue. Entrepreneurship is a scavenger hunt Jan 11, 2023 Part II: Status Quo Feb 1, 2023 Questioning Business Financial Extraction "Chicken" by cheetah100 is licensed under CC BY 2.0. The Story of the 11th Round Written by Bernhard Lietaer Extended by Charles Eisenstein (Sacred Economics) Jan 9, 2023 “Extraction is the original sin of business” Feb 1, 2023 Financial Extraction Multiple Layers Micro: Personal debt https://johnperkins.org/books Meso: corporate equity and debt financing Macro: international development loans Jan 9, 2023 Growth Macroeconomic Growth https://timjackson.org.uk/ecological-economics/pwg/ Gross Domestic Product (GDP) Why is this our measurement of national wealth? Question: can we achieve prosperity without growth? Jan 9, 2023 Growth Curves in Business Kate Raworth Conference is licensed under CC BY-NC-ND 2.0. "TED2018_20180411_2BH9397_1920" by TED TED talk: ’A healthy economy should be designed to thrive not grow’ Question: can we move from exponential growth curves to flat ones? Jan 9, 2023 "Create equity" by Global X is licensed under CC BY 2.0. "Homeless woman rummaging through a trash can" by Franco Folini is licensed under CC BY-SA 2.0. Silicon Valley Jan 9, 2023 The Silicon Valley Model 1.Capital 2.Scale 3.Exit Jan 9, 2023 Capital Seed financing, VC licensed under CC BY-SA 2.0. "Money" by 401(K) 2013 is rounds, angel investment, convertible loans, etc.. Investors now have control VC is overhyped Jan 9, 2023 Scale "Daytime Dynamo Rocket Launch" by NASA Goddard Photo and Video is licensed under CC BY 2.0. What exactly are we scaling? Is VC an accelerator? 90% of startups fail Jan 9, 2023 Exit Financial value is pulled out of "File:SmileDirectClub Rings the Nasdaq business Bell 1.jpg" by SDCSteve is licensed Startups are like farmed chickens under CC BY-SA 4.0. The startup ecosystem as a casino for investors Exits are destructive Jan 9, 2023 The Startup Ecosystem Valuations "One Dollar Bill Macro" by Gamma Man is licensed Apply the stock price from the latest funding round to all outstanding shares under CC BY 2.0. Satirical blogpost from 37signals (Basecamp) Less funny: Kleiner Perkins put $20 million into Snapchat (May 2014 - no revenue) for a tiny ownership stake, valuation $10 billion (up from $2 billion) Jan 9, 2023 Pump and Dump Startups have become unprofitable cashing-out shell operations "Stock Graph" is marked with CC0 1.0. The mega investments of Softbank shook Silicon Valley “Pump and dump” obliterates the basic economics of industries, and causes them to evolve artificially and incorrectly Jan 9, 2023 “Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done…” - John Maynard Keynes Feb 1, 2023

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