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Larry Smith - Why you will fail to have a great career (TEDxUW)

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Published on Jun 6, 2012

TED (Technology, Entertainment and Design) is a global set of conferences owned by the private non-profit Sapling Foundation, formed to disseminate "ideas worth spreading."
TED was founded in 1984[1] as a one-off event and the conference was held annually from 1990 in Monterey, California.[4] TED's early emphasis was largely technology and design, consistent with a Silicon Valley center of gravity. The events are now held in Long Beach and Palm Springs in the U.S. and in Europe and Asia, offering live streaming of the talks. They address an increasingly wide range of topics within the research and practice of science and culture. The speakers are given a maximum of 18 minutes to present their ideas in the most innovative and engaging ways they can. Past presenters include Bill Clinton, Jane Goodall, Malcolm Gladwell, Al Gore, Gordon Brown, Richard Dawkins, Bill Gates, educator Salman Khan, Google founders Larry Page and Sergey Brin, and many Nobel Prize winners.[5] TED's current curator is the British former computer journalist and magazine publisher Chris Anderson.
From 2005 to 2009, three $100,000 TED Prizes were awarded annually to help its winners realize a chosen wish to change the world. From 2010, in a changed selection process, a single winner is chosen to ensure that TED can maximize its efforts in achieving the winner's wish. Each winner unveils their wish at the main annual conference.
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Larry Smith is an instructor of economics at the University of Waterloo. Throughout his several decades of teaching at the University (winter 1982), he has taught both introductory microeconomics, macroeconomics and entrepreneurship courses.
Larry Smith's first lecture of macroeconomics at University of Waterloo was in 1982. He recently celebrated teaching his 28,000th student in his Macroeconomics class of Winter 2010, his 29,000th student in his Macroeconomics class on March 31, 2011, and his 30,000th student in his Macroeconomics class on March 29, 2012.
Smith has also advised several of his former students as far as how to start-up a business, position the business and in general has given business advice to these start-ups. His advice is received by most as generally helpful in the business they are starting up, and has been used in the past to create powerful start-ups. The most famous of these start-ups is Research in Motion (RIM), maker of the BlackBerry. In addition, he has also been known to sit on advisory boards of start-ups during the financing stage (venture or angel funding), giving businesses advice on how to get the financing and also negotiating with businesses and investors so that a suitable agreement can be made on the side of financing a start-up.
Smith is also part of an economics consulting business called Essential Economics Inc. This business throughout the years has provided market research to companies and government organizations. Some of those reports are released publicly and can be found on the Internet.

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