Category Archives: 9. Humor

The looming bubble in Lego bricks

In 2014, for a course that teaches students teamwork, I bought 20 sets of basic lego bricks for a bridge building exercise. The cost per set was 20 Euro. This year the number of students in our project courses exceeded what could be done with this basic set of legos and so I looked to buy more.

Two years later, the cost of these sets has exploded to more than 100 Euros per set. Mostly that’s because (a) the actual set was retired and (b) there is no proper replacement, just new “classic sets” that come with lots of pieces that nobody wants. I sense a bubble in the Lego bricks market… divest yourself now! Send them my way!

The reviews are in and it ain’t pretty

From the first review: Best application of grounded theory that I have seen in a long time!

From the second review: I have seen grounded theory; this ain’t it.

From the third review: What is grounded theory?

Conclusion: No more grounded theory.

PS: Those reviews are a synthesis of prior experiences.

Favorite Story of Student Entrepreneur Ageism

I teach a course on software product management where I sometimes cross over into startup-land. During a recent class, I showed students a rara-talk by a VC, who was trying to convince them to become entrepreneurs. So I asked the class:

Statistically speaking, a 40-year old entrepreneur is much more likely to succeed than a student entrepreneur. Why is this venture capitalist so eager to get you to become an entrepreneur rather than a more experienced person?

After a bit of back and forth, one student finally said:

Well, if it takes 10 years to grow a startup, a 40 year old entrepreneur may not be be able to stick around for such a long time.

I’ve gotten used to such statements and take them rather stoically. A 40-year old PhD student of mine, however, was rolling on the floor laughing.