Super angels, super stars, and the super-sized startup myth - Chris Shipley

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Silicon Valley entrepreneurship is fueled by hype cycles as much as by technical innovation or the quest for the "next big thing". Today we're approaching the peak of possibly the biggest - and most limiting - hype bubble in the past decade. The bubble is hyper inflated by common maxims that – while true at their core – are widely misunderstood, misinterpreted, and misused to misguide young businesses. Chris explores the five 'True Lies' Shaping Startups in the US Today and how you can take advantage of the situation to grow a better business.

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  • Difference between a Boom & a Bubble –The underpinning of a boom is a platform breakthrough. New invention sparks new innovation sparks new business models. PC, Web, Cloud = BoomThe underpinning of a bubble is . . . Well, there is no underpining. A bubble is an idea, inflated by a collective excitement, an irrational exhuberence of a large group. A bubble takes on a life of its own, and otherwise rational people try to justify it and clever opportunists exploit it.A bubble is, after all, simply air wrapped in the thinnest of membranes. . . Inflated by the excitement of those who benefit from the bubble’s existence.The IT industry is very, very good at bubbles. We’re just not so great at learning from them.
  • Difference between a Boom & a Bubble –The underpinning of a boom is a platform breakthrough. New invention sparks new innovation sparks new business models. PC, Web, Cloud = BoomThe underpinning of a bubble is . . . Well, there is no underpining. A bubble is an idea, inflated by a collective excitement, an irrational exhuberence of a large group. A bubble takes on a life of its own, and otherwise rational people try to justify it and clever opportunists exploit it.A bubble is, after all, simply air wrapped in the thinnest of membranes. . . Inflated by the excitement of those who benefit from the bubble’s existence.The IT industry is very, very good at bubbles. We’re just not so great at learning from them.
  • Difference between a Boom & a Bubble –The underpinning of a boom is a platform breakthrough. New invention sparks new innovation sparks new business models. PC, Web, Cloud = BoomThe underpinning of a bubble is . . . Well, there is no underpining. A bubble is an idea, inflated by a collective excitement, an irrational exhuberence of a large group. A bubble takes on a life of its own, and otherwise rational people try to justify it and clever opportunists exploit it.A bubble is, after all, simply air wrapped in the thinnest of membranes. . . Inflated by the excitement of those who benefit from the bubble’s existence.The IT industry is very, very good at bubbles. We’re just not so great at learning from them.
  • Super angels, super stars, and the super-sized startup myth - Chris Shipley

    1. 1. Super Angels, Super Stars, and the Super-Sized Startup Myth<br />OR . . . HOW TO SURVIVE THE CURRENT BUBBLE<br />
    2. 2. Who wants to be this guy?<br />
    3. 3. Or Maybe these guys?<br />
    4. 4. You Can be lucky . . . <br />OR You Can Be Good.<br />
    5. 5. Because, let’s face it, We’re in a bubble<br />
    6. 6. when the bubble pops,good trumps luck<br />
    7. 7. These people are GOOD;<br />THESE PEOPLE ARE ENTREPRENEURS<br />
    8. 8. We’ve Seen this movie Before . . . <br />And We know how it ends.<br />
    9. 9. Mid 1980s: Artificial Intelligence<br />Early 1990s: Pen Computing<br />Late 1990s: Dot.com<br />Now: Lean Startup <br />
    10. 10. But it’s different this time,right? <br />
    11. 11. Every Bubble Starts in Truth<br />And Ends in a perturbation of that truth<br />
    12. 12. The Super Angel<br />
    13. 13. Flip or Fail<br />
    14. 14. Fail fast<br />
    15. 15. No “lifestyle” businesses<br />
    16. 16. The Exit is everything<br />
    17. 17. THE ENDURING TRUTH<br />ENTREPRENEURS DON’T NEED<br />A BUBBLE<br />
    18. 18. These people are GOOD;<br />THESE PEOPLE ARE ENTREPRENEURS<br />
    19. 19. Be THE ENTREPRENEUR<br />

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