Spiegel Sohmer

Spiegel Sohmer is a firm of attorneys offering state-of-the-art expertise to a diversified business clientele seeking solutions that are innovative, concrete, and pragmatic. Our firm groups some forty five attorneys who concentrate principally within three broad specialties: business law (including Intellectual Property), tax law and litigation.  Spiegel Sohmer has extensive experience representing companies at all stages of their life cycle, from start up through to exit, and also represents a wide array of investors.
www.spiegelsohmer.com

National Bank

National Bank helps home-grown businesses expand by offering them personalized service and banking solutions adapted to their needs. We strive to develop integrated, diversified and innovative business solutions that will meet the needs of your business at every phase of its existence. We offer a full range of financial services to individual clients, SMEs and large companies. Whatever your sector of activity, our team of experts will be able to advise you and assist you with every stage of your business growth. www.bnc.ca

Adeo Ressi on Predicting Entrepreneurial Success - @Forbes Interview by @JJColao

Posted by Amity Sims on 2012-11-21

One of the most distinctive tenets of the Founder Institute is the unique application process, which, as many of you may know, includes an hour-long aptitude test. A bit unconventional compared to our peers, the test aims to measure the success of potential and current participants of the Institute.

Our unique approach sparked the curiosity of Forbes writer J.J. Colao, who recently wrote an article entitled “Can An Hour-Long Aptitude Test Predict Startup Home Runs? Adeo Ressi Thinks So”. Colao interviewed the Founder Institute’s CEO, Adeo Ressi regarding the institute and the test, digging to the premise behind why it is an integral part of enrollment.

The basic premise of the test was originally to eliminate admissions bias - the fact that venture firms funded mostly 20-something white male Ivy League grads annoyed Ressi, hence he sought to develop a means of introducing diversity to the startup ecosystem. With over two years in use and over ten thousand test results measured, the Founder Institute and the test’s developer have determined that “entrepreneurs have more in common with artists than they do with managers" and don't always score highly on IQ or conscientiousness. A somewhat surprising find that indicates successful entrepreneurs lean more towards open mindedness, “a Big Five [personality] trait associated with curiosity, creativity and a penchant for novelty."

Any practice that is viewed as out of the ordinary naturally evokes some amount of skepticism, however, so far the the test has proven to be highly successful, and a great asset for predicting entrepreneurial success. To learn more about the aptitude test read the full article on Forbes here. The article will also appear in the December 10th print issue of Forbes Magazine.

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