Entrepreneurship and the Power of Learning

The first episode of the Planet Money Summer School series explores the fundamentals of entrepreneurship. The episode features business school professor Angela Lee, who emphasizes the importance of learning from both successes and failures in starting a business. Two case studies are presented: the story of Frederick Hudson, who turned his experience in prison into a successful business idea, and the story of twins Ray Sean and LaShawn Middleton, who started a crab delivery service. These case studies highlight the significance of understanding customers' needs, testing ideas, and finding creative solutions to provide value.