A new definition of entrepreneurship

Daniel Isenberg has spent 30 years immersed in the world of entrepreneurship as a (sometimes failed) entrepreneur and venture capitalist as well as an academic (he previously taught at Harvard Business School and is now at nearby Babson College). He has also travelled the world accumulating examples—he is just as interested in Iceland’s generic-drug industry as in Silicon Valley’s giants. In a new book, “Worthless, Impossible, and Stupid”, he presents a new definition of entrepreneurship. In essence, entrepreneurs are contrarian value creators. They see economic value where others see heaps of nothing. And they see business opportunities where others see only dead ends.

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