21 Hats Podcast Dashboard: Are We Getting Better at Teaching Entrepreneurship?
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Jul 14, 2025 Frank Rimalovski, head of the NYU Entrepreneurial Institute and the NYU Innovation Venture Fund, shares his insights on teaching entrepreneurship. He discusses the paradox of sometimes advising against starting a business, emphasizing the importance of resilience and customer discovery. Rimalovski also evaluates the double-edged sword of venture capital, stressing the need for startups to build a strong foundation before scaling. Finally, he explores how artificial intelligence is reshaping entrepreneurial programs, making market research and strategic planning more efficient.
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Entrepreneurship Taught by Doing
- Entrepreneurship can be taught through experiential learning rather than just academics.
- Founders learn by starting a business and iterating based on real-world customer feedback.
Validate Before Building
- Test your business idea by identifying target customers and their key problems.
- Use customer discovery to iterate your value proposition before fully building the product.
Balance Resilience with Reality
- Resilience is crucial but knowing when to quit is equally important.
- Customer engagement helps founders discover whether their idea is viable or should be abandoned early.