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Derrick FungBuilding a Business
• UTSC Management Co-op 2009 Graduate
• Former banker at CIBC World Markets; also worked at Microsoft, Merrill Lynch, BNP Paribas and the Clinton Foundation
• Musician: guitar, piano, vocals
• Love to build things
• Happiness -> Success
What is Entrepreneurship? Jumping off a cliff (9-5 job) and
building a plane (a business) on the way down
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WTF? A plane?
A magical device that is somehow able to fly in the air
Pilots (founders) provide guidance
Without them, the plane (business) would not know where to go
You need wings (a good idea) to fly
Without them, the plane (business) will crash ( )
The engines (your team) ensure forward momentum
Without them, the plane (business) will not move forward
You need fuel (cash) to keep your plane moving
“It gets the people going!”
The fuselage (culture) holds everything together
It connects all the moving parts
A picture is worth a thousand words…
