

Mike Driver on the Entrepreneurial Mindset and the Futility of Predictions
May 5, 2019
Mike Driver, a serial entrepreneur and chairman of Convex Capital, shares his journey from a small print management company to major business successes. He discusses the link between psychopathy and the entrepreneurial mindset, emphasizing resilience and control in navigating uncertainties. Delving into forecasting challenges related to Brexit, he critiques traditional philanthropy, advocating for local empowerment over top-down solutions. Driver also tackles economic inequality, urging a reassessment of wealth distribution and tax systems for a more equitable society.
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From Game Theory to Photocopiers
- Mike Driver studied economics and pursued a PhD in game theory, but his supervisor discouraged him.
- He then ventured into selling photocopiers, eventually growing the business to 300 people before selling a stake to private equity.
Entrepreneurial Mindset
- Entrepreneurialism may be epigenetic, influenced by early childhood challenges and hustle.
- It's more of a compunction than a choice, driven by inherent traits rather than learned skills.
Serial Redundancy
- Entrepreneurs develop 'serial redundancy' to navigate an unpredictable future.
- They make small bets, testing ideas before fully committing, adapting to the unknown rather than relying on forecasts.