K8 Keynote: The Personal Revolution

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K8 Keynote, "The Personal Revolution," from Sir Michael Moritz from Sequoia presented on September 9th, 2013.

Transcript of K8 Keynote: The Personal Revolution

The Personal Revolution

Tools in the field

Tools migrate to factories

City

of T

oron

to A

rchi

ves,

Jam

es C

olle

ctio

n

Tools meet the assembly line

20001986 1993

Fiber Optic Cable. Image courtesy: Karen_O’D

2007

Bandwidth

2,253petabytes

471peta281

peta

66,560 petabytes

20001986 1993

Storage

2.6exabytes

54.5exabytes15.8

exabytes

2007

295 exabytes

3x1011MIPS

20001986 1993

Computation

3x108

MIPS

4x109

MIPS

6.4x1012 MIPS

2007

244

IBM 360

490

Apple II

70,000

Windows

Apple

900,000

Android

1M

The App Explosion

1993 20031973 1983 2013

$750$6.6K

29 Dell 486

desktop computers

$0.1M

34 IBM 3340 computers

$22M

375 IBM 3340 computers

$33M

2 PowerBook G4

laptops

1 Samsung Galaxy S4

17 M2006

11 M2007

674 M2013

Tools in perspective

15.4 M1994

Systems $

Database $

Office Productivity $

Texting $

Voicemail / IVR $

Video conferencing $

Tools become ~ free

2000 2013

Recruiting $

Sales $

Promotion $

Marketing $

Fulfillment $

Customer Service $

2000 2013

Tools become ~ free

The Center of the Personal Revolution

The Data Factory

Labor

Money

Global

Global microphone for content

11.7M+ Opinion leaders

23.6M CXO's/Owners/Partners

1.6M Directors at Fortune

1,000 companies

238MMembers on LinkedIn

Arianna HuffingtonPresident & Editor-in-Chief at The Huffington Post

Jack WelchFounder of Jack Welch Management Institute 

Shinzo Abe Prime Minister of Japan

Jim KimPresident at The World Bank

Maria ShriverJournalist, Author & Activist

Bill GatesCo-chair of Bill & Melinda Gates Foundation

Maria Bartiromo Television Journalist at CNBC-TV

Jamie Dimon Chairman & CEO at JPMorgan Chase

Barack ObamaPresident of the United States

Richard BransonFounder at Virgin Group

UNPAID content contributors

Sam TaylorPresident & Owner, TNT transportation

18% month over month growth40+ locations around the world

Expanded his business and hired more drivers thanks to Uber

Laura BarnumCollege Student - University of San Francisco

35% month over month revenue growth

Worked 20-30 hours a week between classes and made over $20/hour

Rosemarie

75% of 15,000 TaskRabbits nationwide rely on TaskRabbit to pay bills

10% earn 100% of their income

Earns $7,000 a month using TaskRabbit, relying on it for 100% of her income

Jordan InsleyeBay Store owner

25 M sellers1.3 M sellers use eBay as a primary/

secondary source of income.

Major refurbished TV business

King Arthur FlourA “200 year old” startup rebooted itself as a successful baking company, providing classes and products

The average click through rate of an Adword is 4x compared to

display ads

Michelle PhanYouTube L’ancome spokesperson4.6M subscribers

$4B paid by advertisers, up 60% in 2012 from 2011

>1M creators signed up

2M sellers on 10 different marketplaces around the world

Brice HoskinMountain Boy Sled WorksSells more than 14K sleds a year using Amazon marketplaces

1/4 of the top 100 best selling eBooks on Amazon.com were

independently published using KDP

Theresa RaganRejected by traditional publishersSold nearly 250,000 books for the Kindle

Ben SilbermannPinterest Cofounder

3,000 consulting partners

1,800 technologists / ISVs

17M users in 9 months with fewer than 12 people

Cari

>2% of all active internet sites are Weebly sites.

Closed her retail gift shop and built Coquettebath.com using Weebly.In 2012, made over 5,000 products by hand.

DavidUses Airbnb to subsidize his schooling. Hosted guests from Saudi Arabia, London, Afghanistan, and Mexico.

3M guests in 2012.

300,000 listings at the end of 2012.

Hedda Parashos

31M visitors use Trulia’s site every month

Went from under $100K in gross commissions to over $600K in gross commissions.Bought the real estate firm that she worked for.

Jodie Rosen

250,000 home improvement professionals build their brands and connect with homeowners

Started her own line of furniture after exposure from Houzz.

Pura VidaShips 20,000 bracelets a week to the US. Employs dozens of people in Costa Rica and more than 500 campus reps in the U.S.

$10B processed annually40K merchants on board

(* end of FY2012)

Alex Schwartz

6.6M editor sessions400K monthly active

developers

Chief Scientist at Owlchemy LabsOne of several indie gaming studios enabled by Unity3D.

SarahSeattle Landmark MugsNow sells them in Nordstrom. Quit her day job

$100M goods sold in July 20131M members joined in July 2013

2,200,000 1,800,000 40,00080,000

$43,868

1968 2012

$52,762

Median Household Income

* Inflation adjusted

$10.70

1968 2013

$7.25

Minimum Wage

GDP Growth 2002-2012

Source: The World Bank Figures in current USD

0%

5%

10%

15%

20%

China Indonesia India Brazil United States

Excluding and deporting talent

China 10,165

Russia 873

Spain 684

UK 2,573

France 1,517

Japan 1,276

H1-B Visas granted in 2011

The Personal Revolution explodes

Y! JapanRakuten

Tencent

BaiduAlibaba

360 BuyCtrip

Mail.ruYandex

Asos Naver

The Personal Revolution