1 00:00:05,505 --> 00:00:07,130 BILL AULET: So why are we so passionate 2 00:00:07,130 --> 00:00:08,820 about entrepreneurship as individuals? 3 00:00:08,820 --> 00:00:11,790 Why are we so passionate at MIT about entrepreneurship? 4 00:00:11,790 --> 00:00:16,120 Our mission at MIT is to enhance the knowledge of science 5 00:00:16,120 --> 00:00:19,360 and technology to have a positive impact on the world's 6 00:00:19,360 --> 00:00:20,870 greatest challenges. 7 00:00:20,870 --> 00:00:22,640 So what does entrepreneurship do in that? 8 00:00:22,640 --> 00:00:24,220 Yeah, you can bring technology about. 9 00:00:24,220 --> 00:00:26,580 But let me talk about the greater challenge in the world 10 00:00:26,580 --> 00:00:27,640 today. 11 00:00:27,640 --> 00:00:32,930 That is youth growing up and not being able to have jobs. 12 00:00:32,930 --> 00:00:36,770 Entrepreneurship is the hope for them. 13 00:00:36,770 --> 00:00:40,250 It allows them to think, you know, hey, I can grow up. 14 00:00:40,250 --> 00:00:42,050 And I can create my own job. 15 00:00:42,050 --> 00:00:43,680 So it gives them hope. 16 00:00:43,680 --> 00:00:45,810 And then, if they start something 17 00:00:45,810 --> 00:00:47,350 or they're part of something small, 18 00:00:47,350 --> 00:00:49,430 they get pride in what they have. 19 00:00:49,430 --> 00:00:51,430 It's something that is their own. 20 00:00:51,430 --> 00:00:53,880 And so this is very, very important, hope, pride. 21 00:00:53,880 --> 00:00:57,100 And the last thing is, it gets rigor. 22 00:00:57,100 --> 00:00:59,890 If it's your own-- you know, when you're in a startup, 23 00:00:59,890 --> 00:01:01,649 you can't rely on other people. 24 00:01:01,649 --> 00:01:02,690 You got to get out there. 25 00:01:02,690 --> 00:01:03,790 You've got to collect the money. 26 00:01:03,790 --> 00:01:04,879 You've got to get up in the morning. 27 00:01:04,879 --> 00:01:05,837 You got to get to work. 28 00:01:05,837 --> 00:01:08,520 Because if you don't, things aren't going to happen. 29 00:01:08,520 --> 00:01:11,200 So to us, we're extraordinarily passionate 30 00:01:11,200 --> 00:01:15,300 about entrepreneurship as a way to bring hope, pride, and rigor 31 00:01:15,300 --> 00:01:18,340 to the youth and throughout the entire world who are growing up 32 00:01:18,340 --> 00:01:22,300 today because the jobs are not going to be there created 33 00:01:22,300 --> 00:01:23,050 by the government. 34 00:01:23,050 --> 00:01:27,130 They're not going to be there created by big companies. 35 00:01:27,130 --> 00:01:28,700 You, the youth of the future, are 36 00:01:28,700 --> 00:01:30,340 going to have to create your own jobs. 37 00:01:30,340 --> 00:01:32,280 And you want to create great jobs. 38 00:01:32,280 --> 00:01:34,760 And when you do that, you will have hope. 39 00:01:34,760 --> 00:01:35,730 You will have pride. 40 00:01:35,730 --> 00:01:37,400 And you will have rigor in your life. 41 00:01:37,400 --> 00:01:39,540 And that is why we are so passionate 42 00:01:39,540 --> 00:01:40,660 about entrepreneurship. 43 00:01:40,660 --> 00:01:42,840 And we want to export knowledge about how 44 00:01:42,840 --> 00:01:47,410 to be great entrepreneurs to everyone we possibly can.