6 reasons why the MIT Blackjack Team became entrepreneurs — Bill Aulet

MIT Sloan Sr. Lecturer Bill Aulet

MIT Sloan Sr. Lecturer Bill Aulet

From Xconomy

Wow. Imagine being invited to moderate a free-form discussion with the people who lived out the book “Bringing Down the House” and the movie “21.” It doesn’t get any better than this.

At Xconomy’s XSITE conference, I had the honor of moderating a reunion panel of the MIT Blackjack Team with two of the original members (Bill Kaplan and Jon Hirschtick) and two (Neelan Choksi and Semyon Dukach) who reconstituted the team in 1992. The team is known for its sophisticated card-counting techniques that outsmarted many casinos during the 1980s and 1990s.

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Six whopping lies told about entrepreneurs … Sometimes by entrepreneurs themselves — Bill Aulet

MIT Sloan Sr. Lecturer Bill Aulet

MIT Sloan Sr. Lecturer Bill Aulet

From Forbes

As more people aspire to become entrepreneurs, it is important to dispel many of the misperceptions about this species. Here are six big ones that even some entrepreneurs believe:

1. They are the smartest and most high achieving people in the room:  They certainly weren’t growing up.  It is highly unlikely they were the valedictorians of their classes in college.  As one successful entrepreneur recently said to me, “If I had a 4.0 at graduation, it stood for the number of parties I went to the night before rather than my GPA.”   Entrepreneurs don’t typically try to please other people; rather, they find something that deeply fascinates them and then hyper-focus on that particular opportunity.  Hence, the high dropout rates.  Case study: Steve Jobs 

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