Senetorlelandstanford. 8000 acrres of stock farm paloalto.practical approach. Jus 3 years into business country’s first eleenggdept.academia and industry 2 way flow. FTC. Interwar years 1920-1940 became silicon valley. H&K. Eimac (military). David P n william H founded hp.varian brothers.Terman 1922 gradecouraged u-i-u and teaching back in the stanford share techniques, financial encouragement,sharing physical space,pppl getting fired from MIT.
Stanford highly involved in practice, not only theoryProfessors have equity, access to funding, networkProfessors at MIT got fired for doing the same thingStanfor alumni´s companies combined equal 10th largest economy in the world 3 trillion in rrevenue and 5.4million jobs GE,Eastman Kodak,Lockheed and Xerox.
More open, less established, hierarchical corporate setting.help each other. C litton gave his glass lathe blueprints to eimac.Funding from non bank sources much like vc these days. Stanford also funded lot of start ups
Silicon valley The place to be! By Likitha Nikita Nishanth Oyvind
History & Background
• Stanford University (Oct 1891)
• Vaccum tube technology 1921
• William Hewlett & David Packard founded HP 1939
• Frederick Terman 1922 (”Father”) becomes Dean(1945)
• GE, Kodak, Xerox open in Palo Alto (1960´s)
Route to the Silicon Valley
Unique geographic environment
Management culture & Innovation
Silicon valley in other countries:
Silicon valley vs NewYork Silicon valley vs London
Ecosystem 22% more companies 54% more companies
Job creation 11% more 38 % more
Start ups NY 27% more money 30% more money
products 2.5x more financial 50% more ecom.
No of startups Twice more in S.V Twice more in S.V
Imitating silicon valley?
• Hong Kong
The University Entrepreneurship Report
VC and Angel Financing Data to University Alumni, 2007 to 2011
”Boston just doesn't have the startup culture that the Valley does. It
has more startup culture than anywhere else, but the gap between
number 1 and number 2 is huge; nothing makes that clearer than
alternating between them” – Paul Graham, Y Combinator
Execution and focus on the
walk, rather than the talk
Why did Facebook move to
”That was one of the reasons that we accepted from Peter Thiel, because he
could relate to us on a founder level” – M. Zuckerberg
Passing on Facebook "May Turn Out To Have Been A Mistake” – S.Tobin
http://www.youtube.com/watch?v=XXlcYosCRgw - t=7m34s
Why Silicon valley works?
Perception of being synonymous with innovation.
Existing Infrastructure and community.
Ecosystem approach of University-Industry and Industry- University
Less talking, more doing
Encouraging platforms such as Y combinator, Launch pad and TED talk.
Disruptive technology – high innovative power.
Silicon Valley – Is everything as
glamorous as it seems?
• Stereotypical Innovations – Too pre-occupied
with fad creation.
• Bizarre Valuations and quick exits.
• Gold rush mentality
• More software than hardware technology.
• Need of own financial services, media and
communication services, Healthcare and
Future of Silicon Valley
Is the Valley going to be sustainable the way it
Are we dancing on it’s grave?