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<br/><span style="color: rgb(0, 0, 0); font-family: Arial; font-size: 15px; line-height: 21px; white-space: pre-wrap;">Link if video isn't working: </span>[https://www.youtube.com/watch?v=FApSiyrzWbM https://www.youtube.com/watch?v=FApSiyrzWbM]
= Strategy #1: Encouraging Risk Taking by Providing Insurance =
Yale students generally do not like taking risks. We need to find a way to encourage risk taking. The top 15% of students from many schools, Yale included are swept away to work in New York and consulting and financial companies. These are the students who are most likely to succeed with their own business. These are the smartest people that you want to be working on the biggest problems in the world. Instead, rational thinking about stability and security has prevented entrepreneurship from being a valid goal that they strive for.
Yale students are passionate people, and it is really easy to excite someone about a meaningful and valuable goal. Social entrepreneurship is thus an effective way to provide motivation because it takes a different set of metrics into account and encourages people to look at impact instead of stability as "success." Clubs such as engineers without borders take service trips and formally structure them. This allows many people to work together on a project and succeed easily where a single person may have a hard time.
Classes such as appropriate technology for the developing world also align the ideas and goals of a larger set of students in a slightly more structred way to encourage innovation. These kinds of guided entrepenuership classes and clubs help to ease people into the idea of innovating. Successive failures can be demoralizing, especially for younger students, so these kinds of activities are esepcially useful for freshmen and sophomores.