who am i?
I am an entrepreneur who has founded (or been very heavily involved at an early stage) in a number of successful businesses (Redgate, Gearset, 3T, Octopus, Business Of Software and a few small offline businesses when young).
I would describe myself as quite a conventional or boring entrepreneur, I’ve involved myself in businesses that provide a product or service that people pay for and that make more money than they spend. I’m not from a wealthy family, all of the money we’ve created has been down to relentless resourcefulness. No venture capitalist or other serious investor has ever been involved in any of my businesses.
why am I RUNNING A RELENTLESSLY RESOURCEFUL EXPERIENCE?
I’m at my best when I’m relentlessly resourceful but I’m not like that the whole time.
For me, relentless resourcefulness is a mode. It’s a mode in which I’ve scored my biggest victories and in which I can spend quite a few months in a flow like state where I bend my world to my will. When I look at other successful entrepreneurs I know well, they too seem to find a way to “have their way with the world.” It’s not always all roses; it’s a mode that can attract flack from others, and it doesn’t always spell financial victory. Nonetheless, I’m at my most content when I’m been relentlessly resourceful.
I hope that by teaching a course on it, and forcing myself to do the same challenge as the participants, I will become more resourceful myself and also build a much deeper understanding of what it’s all about. It might also be a great way to spot people with the right characteristics to build a successful company, so you never know - it might make me even richer.
The rules are simple:
Every team or individual starts with £100 of their own money
Everything starts with that £100; existing assets like cars, cash or pre-purchased tickets for public travel can’t be used. You can, however, use your laptop, clothes, personal effects. Simon Galbraith will also provide office space in Cambridge for your use and which will include wifi, food (breakfast and lunch) and coffee.
You can’t borrow money or assets from close family members or friends. You can get introductions to other people from family, or use your mum’s house, for example, to host a party and raise some cash.
You can borrow money from the bank of Simon Galbraith at an interest rate of 5% a day. You must fully settle all debts before the end of the course to be eligible for any prizes. You must also present a fairly coherent verbal plan about how you are going to pay it all back.
To join the course you must be:
Over 18 (or under 18 but partnered with a responsible adult)
Able to communicate in English
Available to dedicate yourself to the course from 13 July to 10 August 2019
Able to live in Cambridge for the first 3 weeks of the course (less if you start your journey to Mallorca earlier). Accommodation is plentiful and cheap in Cambridge during the summer
Able to provide yourself with £100 seed money
Able to afford the course fee (or otherwise able to persuade Simon Galbraith that this experience will change your life, if only you could afford it!)
Ideally you’ll also be a future entrepreneur, someone who is:
Considering founding a start up
Considering whether to go it alone. Maybe you have to take on a family business or want to buy into one?
Wanting to give yourself an amazing challenge and learn a lot
This isn’t suitable for you if:
You’re a complainypants
You want to be told how to do it
You’re scared of doing things outside your comfort zone or generally doing things unappealing to you
You’re bad at listening
The course fees vary depending on your age:
£500 for under 26s
£1000 for 26-30s
£2000 for over 30s
Why? Because the older you are the harder you are to teach resourcefulness to.
Unlimited bursaries/scholarships are available to people who are amazingly persuasive about how this experience will change their life and that really can’t get hold of the full amount of course fees.
You’ll also need your £100 seed capital, and enough money to live in Cambridge for a few weeks (albeit with weekday breakfasts and lunches provided).
Why should you do the course? Because being relentlessly resourceful is the critical characteristic of start up founders. Building up your relentlessly resourceful muscles is a very good idea if you want to be a successful entrepreneur. Paul Graham and Simon Galbraith both believe that it can be taught.
This course is designed to do just that. Simon was inspired to found the course after reading by Paul Graham’s article and a brief correspondence with him.