Silicon Valley - It's a Mindset, Not a Place
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Transcript of Silicon Valley - It's a Mindset, Not a Place
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Silicon Valley
It’s a mindset, not a place.
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¡ 5 Realities ¡ 4 Myths ¡ 1 Opportunity
THE AGENDA
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Part I THE REALITY
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REALITY 1: ZERO SUM GAME
+1
+1 +1
+1 -1 -1
-1 -1
+1 +1
+1
Other Places Silicon Valley
No Winners, No Losers (Optimism!)
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REALITY 2: COLLABORATION
Other Places Silicon Valley
Coopetition
Coopetition Wins! ;-)
Competition
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REALITY 3: SHARED OWNERSHIP
Increasingly Flat Ownership Structures
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REALITY 4: STRUCTURE
Structured for an IPO on Day 1 Founder Vesting for Breakups Founder Control for Value (Class F) Standardized Advisor Structure (FAST)
Start with the End in Mind
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REALITY 5: GIVING BACK
Recycle Experience and Returns
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1. Arrive 2. Idea 3. Share Ownership
4. Get Help & Capital
5. Grow & Sell
Silicon Valley
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Part 2 THE MYTHS
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MYTH 1: VC MONEY
VC Money Needs an Ecosystem to Work
Good Companies
Quality Hires
Grow Expand
Partners & deals Liquidity
Merger
IPO VC
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MYTH 2: ACADEMIA
You Can’t Teach Entrepreneurship
Passion Idea Talent
Talent is mostly genetic
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MYTH 3: FACILITIES
The Top Technology Companies Started in a Garage
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MYTH 4: RUB OFF
Visiting Corporate Campuses is Boring and Cubicles Suck
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It’s a mindset, not a place.
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Part 4 GREAT ENTREPRENEURS
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Tested >15K entrepreneurs.
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THE TEST
Fluid Intelligence, Big 5 Personality, Trouble Indicators
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THE METHODOLOGY
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PROFESSIONAL EXPERIENCE
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HIGH FLUID INTELLIGENCE
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HIGH OPENNESS
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MODERATE AGREEABLENESS
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BAD FOUNDER DNA
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How do founders in different cities compare?
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Successful Entrepreneurs: Find out your DNA at
http://FI.co/conference
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Great companies start with
great people
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It’s a mindset, not a place.
Silicon Valley
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THANK YOU!
Adeo Ressi @adeoressi
JOIN THE MOVEMENT:
http://FI.co/conference