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The Entrepreneurs, Geneva - YouTube
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entrepreneurship is one of life's great
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adventures a difficult worthwhile and
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rewarding endeavor and yet every
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entrepreneurial journey is unique the
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picked a entrepreneur summit is a forum
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designed for the world's leading
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business minds at the crossroads of
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their careers a platform to exchange
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ideas with like-minded peers on themes
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of serial entrepreneurship personal
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wealth and social responsibility the
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second edition was held across one and a
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half days at picked A's headquarters in
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Geneva a city built for big business
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event saw 60 select entrepreneurs tell
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their personal and professional stories
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sharing how they solve the many
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challenges encountered along the way our
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business is a people business so it's
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about connecting people ideas or even
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dreams one of the participant at the
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beginning of the program told me you
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know when I looking at lists of guests I
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knew four of them out of the 60 at the
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end of the program he told me well I
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know now well 30 of them and the other
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half I met and I enjoy talking to them
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so that's exceptional at the end it's
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about entrepreneurship
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it's about philanthropy and it's about
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investment and this is what links the
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program together all entrepreneurs start
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their journey with an idea and the
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rocket fuel that powers ideas our
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capital and innovation Tom Hume is a
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general partner at Google Ventures and
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he's dedicated to funding the most
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disruptive technologies and innovative
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ideas of the future I love having impact
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and I enjoy investing because it's an
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amazingly leveraged way to have impact I
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can work on multiple projects
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concurrently which I never managed as an
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entrepreneur I think automation is
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inevitable with some discussions around
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what it will do to the work force where
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it will rip out the middle
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the workforce you get kind of dumbbell
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effect where you have very high paid
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high expertise jobs and then everything
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else is very low paid I'm more
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optimistic I actually believe that
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technology will unlock new roles for us
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automation will mean that we're probably
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doing less of the mundane stuff we will
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be doing less of the stuff that can be
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programmed and hopefully releases to do
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the more creative stuff which won't be
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disrupted for a long long time one
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serial entrepreneur heavily involved in
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the creative industries from media and
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music to entertainment and sports is
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Mika Sami Mika explains the allure and
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difficulties of this unique lifestyle
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the stress of being entrepreneur is is
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very high and I think that can't be
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underestimated the stress of it in the
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kind of ups and downs the roller coaster
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you're on as an entrepreneur you forget
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about it each time you've kind of gone
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through the process you forget you say
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I'm gonna do it again and then you
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realize when you're in the middle of it
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how difficult it is I don't think that
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should ever discourage you before being
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entrepreneur though everybody if ever
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have an entrepreneurial bone in their
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body they should at least try try it
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once and just see what it feels like the
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dream of many entrepreneurs is to build
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a business that becomes successful and
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valuable enough to either sell the
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company or to take it public as David
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Rowan from wired explains such an exit
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leads to a whole host of other issues
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David moderated a discussion about what
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happens next we had a session today in
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which entrepreneurs were very honest
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about some of the pain points that
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happen after they've sold their company
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they want to build something significant
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and when that's taken away what do they
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do with their time the journey doesn't
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stop it might take a new direction and
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because these people are motivated by
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the flow by being on that journey that's
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when the real thrill comes when you're
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building something when your company has
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growth the thrill doesn't come with a
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large amount of money in your bank all
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that does is make you compare with
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people who have made a bit more money
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all it does is make you think about the
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wrong things how should I spend this
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money keep your sense of purpose work
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out what your mission is and find a new
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project as soon as possible the experts
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are picked a have years of experience in
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advising and guiding entrepreneurs at
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this critical juncture of their careers
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it involves balancing new objectives
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with the prospect of risk and
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uncertainty what is your objective
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what's your lifestyle how come fund it
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what should we put aside as a reserve
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and is there excess capital that we can
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identify today so when you get back into
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it and your decision too much to try and
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start and something in you that's money
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is there to be spent exactly for that
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and you know you can lose it without
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affecting your lifestyle and your future
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identify problems and that's the
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discussion that we have to have recently
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a private equity owner told me big days
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are 200 years old startup and it's very
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much so we are startup we have to
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reinvent the bank every morning now at
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the end of the day what differentiates
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us very much is three scenes the first
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one is we are focused on one business
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asset and wealth management we only do
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that nothing else second we are
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management owned we own our business and
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we manage our business and thirdly our
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sole objective is to serve our clients
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and this is our mission and our purpose
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as this second picked a entrepreneur
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summit comes to an end the world's best
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business minds walk away with deep
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insight valuable new connections and
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more prepared than ever to navigate the
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many challenges ahead
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you
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