Yale School of Management

Program on Entrepreneurship

Creating entrepreneurs for business and society.

Video: Austin Ligon '80 on What Makes an Entrepreneur

Presented by the Program on Entrepreneurship

August 19, 2014, 12:00 a.m. EDT

Austin Ligon '80, who helped launch CarMax while an executive at Circuit City and then led the company after it was spun off as an independent venture, spoke to members of the MBA Class of 2016 and the MAM Class of 2015 as part of Yale SOM’s annual student orientation.

Kyle Jensen, the Shanna and Eric Bass ’05 Director of Entrepreneurial Programs at SOM, introduced Ligon and noted that, when a student, Ligon had been a teaching assistant in the first entrepreneurship course the school offered.

“Entrepreneurship is not just about starting a new venture,” Jensen said. “It’s about innovating and changing organizations from small to large across business and society. There are many ways for you to be an entrepreneur and that is the topic of Austin’s presentation for you today.” 

Ligon told students that the skills they will acquire at Yale SOM can be applied to a variety of organizations and businesses.

“It’s not what industry you go into, it’s not whether you start a company your first day out of school, but it’s really the mindset you develop and the change you bring to organizations that makes you an entrepreneur,” Ligon said.

This is the first in a series of live video events presented by the Yale SOM Program on Entrepreneurship.

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