Ntrepreneurs typically learn from failure (Cope, 2011)

I will be assessed on:

Use of theories
Good use of theories

The use of examples is really important. i would rather use interesting examples. I interviewed the co-founder of Tuenti, a well-known widely-used social network in Spain with thousands and thousands of users. i am attaching the interview since it would be really good if something was included throughout the essay to give evidence or proof something.

I interviewed Felix Ruiz, cofounder of Tuenti. Tuenti is a Spanish social-networking website for students and young people. It is often referred to as the Spanish Facebook. The name comes from a?tu entidada in Spanish, what means a?your identitya in English. It allows users to set up a profile, upload photos, link videos, connect with friends and chat with them.

Tuenti was founded in August 2006 by a group of 5 friends, one of whom is Felix Ruiz.
Firstly, entrepreneur is for me someone who has an idea, and puts it forward through risk and initiative. An entrepreneur differs from other people because lots of people have ideas, but only an entrepreneur assumes the risk and decides to carry it out. I agree with Schumpeter in that entrepreneurs are not necessarily motivated by profit, but instead they regard it as a measure of success.

What influenced my interviewee to become an entrepreneur was that, at that moment (in 2006), there were a number of similar platforms that were beginning to have impact in the USA, such as Facebook with 5000 users, MySpace or aSmallWorld. And thatas when they decided to do something similar that picked up the most important features of each of these networks.

Regarding the social environment, he had lots of support both from family and friends. He didnat feel a lack of support at any time. He pointed out that his relatives devoted a lot of effort when lending support and providing him with all the facilities needed.

Besides, Felix Ruiz believes that for someone to be an entrepreneur he or she must have ambition and be an adventurer. I asked him about the pros and cons of working for himself. And he told me that decision-making flexibility was a very big advantage. But however, he stated that there are no working schedules for him, as he is constantly thinking about his business and worried about it.

The major obstacles he had faced regarding Tuenti have been financial issues, talent attraction and a war against Microsoft.

There are three factors that have influenced the development and evolution of Tuenti:
1. The team (talent)
2. The product (the fact of having a good product, good lines of good, good usability and good design)
3. Financing (without financing, the development of the Project would have never been carried out)

If you have any further questions or doubts about the essay, please feel free to contact me anytime.
Thank you.

Referencing Requirements:
Readings list for essay:

This list of reading is really important. Number 2 must be referenced and the essay should have critical analysis. The essay title a?Entrepreneurs typically learn from failurea (Cope, 2011) is a statement, so it is not therefore something to agree or disagree.

1. Cope, J., 2010. Entrepreneurial learning from failure: An interpretative phenomenological analysis. Journal of Business Venturing, In Press, Corrected Proof.

2. Shepherd, D.A., 2003. Learning from Business Failure: Propositions of Grief Recovery for the Self-Employed. The Academy of Management Review, 28(2), pp.318a 328.

3. Enterprise and small business: principles, practice and policy Carter, Sara, Jones-Evans, Dylan, 2012. Chapters 10 & 21. Third edition. Pearson

4. An Exploration of Attitudes to Entrepreneurial Failure. Frank Cave, Sue Eccles and Matthew Rundle, Lancaster University Management School.

5. Entrepreneurial learning from failure: an interpretative phenomenological analysis. Cope, Jason

6. Misfortunes or mistakes? Cultural sense making of entrepreneurial failure

7. Entrepreneurial Learning in New Venture Creation and Growth: a tale of two Chinese high-tech enterprises

8. The nature of entrepreneurial experience, business failure and comparative optimism. Deniz Ucbasaran, Paul Westhead, Mike Wright, Manuel Flores. Nottingham University Business School.

--References must be written HARVARD STYLE