A new book by Victor W. Hwang and Greg Horowitt   Greg Horowitt, Managing Director, T2 Venture Capital   Co-Founder, UCSD ...
ONCE UPON A TIME…
THIS IS HOW WE DEFINED ECONOMIC PROCESS
ECONOMICSThe science of explaining tomorrow, why the predictionsyou made yesterday, didn’t come true today
But in the real world    Not gears, but human beings               Landlord  Land                     Engineer Labor      ...
And real human beings are separated… by geography, culture, language, time zones, socialnetworks, and lack of trust.
This happens across entire systems.             Across an entire system
BUT WE ARE BIOLOGY  …NOT BUILDINGS
“Spontaneous sociability is critical to economic life because virtually all economic activity is carried out by  groups ra...
ACTIONS  OUTCOMESThis is where we tend to focus
BELIEFS  BEHAVIORACTIONS  OUTCOMESThis is where we need to focus
Implicit   Explicit
NATURE IS AWESOME
THE RISE OFINDUSTRIALECONOMIES
Scarcity
THE EMERGENCE OF   KNOWLEDGE &CREATIVE ECONOMIES
Abundance
EXPLICIT  TACIT
For a new species                   For a new startup     temperature, humidity,             capital, entrepreneurs,      ...
Can we engineer serendipity through design byweaving together a tapestry of inter-disciplinaryideas to create a “bottom-up...
YES!
Because we know it’s not just about creative destructionMore important…and more difficult…is creative reassembly
Like a fractal equation in nature…
…what is the micro cultural pattern that generates macro phenomena in places like Silicon Valley?
“It is not the strongest of the species that    survives, nor the most intelligent… but the one most responsive to change....
20 years from now…what will be the next
Hic Sunt Dracones
Here Be Dragons
Navigation vs. Cartography
INVENTION = MONEY  KNOWLEDGEINNOVATION = KNOWLEDGE  MONEY
Ambiguity + DiscomfortUninformed + Intelligent
To develop innovation, we need more          than mere programs.We must build tribes of trust that practiceculture based o...
A New Paradigm•   Predict and Repeat  Learn and Adapt•   Business Planning  Business Modeling•   Eliminate Risk  Manage...
Tell me and I forget  Show me and I rememberInvolve me and I understand         “Chinese Proverb”
Rules of the RainforestRule #1: Break rules and dream.Rule #2: Open doors and listen.Rule #3: Trust and be trusted.Rule #4...
The InnovationEcosystem             Ideas                    Opportunity           Talent                 Capital
What can we learn from psychology?How does human behavior really change?              Across an entire system
People learn behavior through real-world“doing,” role modeling, peer interactionwith diverse partners, feedbackmechanisms,...
•Who are the entrepreneurs?•Who has the reputation, resources and                •Who are the service providers?          ...
“If you want to build a ship, don’t drumup people to collect wood and don’tassign them tasks and work, but ratherteach the...
….and they lived happily ever after
A new book by Victor W. Hwang and Greg HorowittGreg HorowittManaging Director, T2 Venture CapitalCo-Founder, Global CONNEC...
Rainforest Model. Le slide di Greg Horowitt
Rainforest Model. Le slide di Greg Horowitt
Rainforest Model. Le slide di Greg Horowitt
Rainforest Model. Le slide di Greg Horowitt
Rainforest Model. Le slide di Greg Horowitt
Rainforest Model. Le slide di Greg Horowitt
Rainforest Model. Le slide di Greg Horowitt
Rainforest Model. Le slide di Greg Horowitt
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Rainforest Model. Le slide di Greg Horowitt

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#ItalianRainforest - Impariamo a crescere. Per una Nuova Teoria Pratica dell'Innovazione. Un evento di Working Capital di Telecom Italia.

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  • it's quite a change of cultural paradigm
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  • Very nice.
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  • es una exelente presentación donde nos muestra el dearrollo de la imaginacion y el alcanse de nuestras ideas.

    is an excellent presentation that shows the development of imagination and alcanse of our ideas.
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  • Me encantó demasiado. El bosque lluvioso, nublado o húmedo está formidable. Entre todas esas ideas de cómo la sociedad misma debe sobrevivir están las excelentes recomendaciones de vida o muerte. Muchas gracias por compartir esta excelente presentación. Hiram Báez Andino, San Juan, PUERTO RICO
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  • Hic sunt dracones  Here be dragons. Only occurs here. Marco Polo’s Dagroians who “feasted upon the dead and ate their bones”. Nasty people, but more like auditors than dragons.
  • Rainforest Model. Le slide di Greg Horowitt

    1. 1. A new book by Victor W. Hwang and Greg Horowitt Greg Horowitt, Managing Director, T2 Venture Capital Co-Founder, UCSD Global CONNECT www.therainforestbook.com www.innosummit.com
    2. 2. ONCE UPON A TIME…
    3. 3. THIS IS HOW WE DEFINED ECONOMIC PROCESS
    4. 4. ECONOMICSThe science of explaining tomorrow, why the predictionsyou made yesterday, didn’t come true today
    5. 5. But in the real world Not gears, but human beings Landlord Land Engineer Labor Output Capital Investor Science Scientist
    6. 6. And real human beings are separated… by geography, culture, language, time zones, socialnetworks, and lack of trust.
    7. 7. This happens across entire systems. Across an entire system
    8. 8. BUT WE ARE BIOLOGY …NOT BUILDINGS
    9. 9. “Spontaneous sociability is critical to economic life because virtually all economic activity is carried out by groups rather than individuals.” Economic historians Douglass North and Robert Thomas (P47 of “Trust”)
    10. 10. ACTIONS  OUTCOMESThis is where we tend to focus
    11. 11. BELIEFS  BEHAVIORACTIONS  OUTCOMESThis is where we need to focus
    12. 12. Implicit Explicit
    13. 13. NATURE IS AWESOME
    14. 14. THE RISE OFINDUSTRIALECONOMIES
    15. 15. Scarcity
    16. 16. THE EMERGENCE OF KNOWLEDGE &CREATIVE ECONOMIES
    17. 17. Abundance
    18. 18. EXPLICIT  TACIT
    19. 19. For a new species For a new startup temperature, humidity, capital, entrepreneurs, precipitation, sunlight, laws/norms, ideas/inventions,soil/nutrients, other flora/fauna talent, markets
    20. 20. Can we engineer serendipity through design byweaving together a tapestry of inter-disciplinaryideas to create a “bottom-up” economic model? Frederick Jackson Turner Ade W. Edwards Mabogunje Deming Robert Sapolsky Annalee Saxenian Danah Boyd HernandoSean de Soto fMRI imagingGourley James Fowler “Design Thinking” Ronald IlyaE.O. Wilson (Rolf Faste, et al) Coase Prigogine Richard Francis Thaler Fukuyama
    21. 21. YES!
    22. 22. Because we know it’s not just about creative destructionMore important…and more difficult…is creative reassembly
    23. 23. Like a fractal equation in nature…
    24. 24. …what is the micro cultural pattern that generates macro phenomena in places like Silicon Valley?
    25. 25. “It is not the strongest of the species that survives, nor the most intelligent… but the one most responsive to change.” Charles Darwin
    26. 26. 20 years from now…what will be the next
    27. 27. Hic Sunt Dracones
    28. 28. Here Be Dragons
    29. 29. Navigation vs. Cartography
    30. 30. INVENTION = MONEY  KNOWLEDGEINNOVATION = KNOWLEDGE  MONEY
    31. 31. Ambiguity + DiscomfortUninformed + Intelligent
    32. 32. To develop innovation, we need more than mere programs.We must build tribes of trust that practiceculture based on diversity, lowering social barriers, aspirational motivations, andnorms that promote rapid, “promiscuous” collaboration and experimentation.
    33. 33. A New Paradigm• Predict and Repeat  Learn and Adapt• Business Planning  Business Modeling• Eliminate Risk  Manage Risk• Never Fail  Fail fast and cheaply• Outputs  Outcomes (Patents ≠ Products)• Invention  Innovation
    34. 34. Tell me and I forget Show me and I rememberInvolve me and I understand “Chinese Proverb”
    35. 35. Rules of the RainforestRule #1: Break rules and dream.Rule #2: Open doors and listen.Rule #3: Trust and be trusted.Rule #4: Experiment and iterate together.Rule #5: Seek fairness, not advantage.Rule #6: Err, fail, and persist.Rule #7: Pay it forward.
    36. 36. The InnovationEcosystem Ideas Opportunity Talent Capital
    37. 37. What can we learn from psychology?How does human behavior really change? Across an entire system
    38. 38. People learn behavior through real-world“doing,” role modeling, peer interactionwith diverse partners, feedbackmechanisms, and explicit codes ofconduct. Across an entire system
    39. 39. •Who are the entrepreneurs?•Who has the reputation, resources and •Who are the service providers? •What is the regulatory environment forcommitment to lead new initiatives? •Who are the inventors? innovation?•Who will champion new initiatives within •Who are the capital providers? •What legal/bureaucratic barriers stand intheir own organizations? •Who are the support organizations? the way of entrepreneurship?•How can leaders and champions be more •What is the role of government? •What widespread social norms surroundinclusive? •Who are the other key participants in the innovation ecosystems? the innovation ecosystem? •What are people already doing to stimulate •Where, when and how do stakeholders•What resources are available to aspiring innovation/entrepreneurship? interact? •Who are the local entrepreneurs that haveentrepreneurs (knowledge, mentorship, •How are these people collaborating with •How do ideas, talent and capital come built successful companies?cloud hosting, etc.)? each other? together? •Who are the local entrepreneurs that•What sources of capital are there in the •What activities drive participation in the •What are the lines of communication haven’t yet been successful and what canmarketplace? between partners? we learn from their failures? community?•How does this capital flow and interact •What events create ‘buzz’ and generate •How do members of the community •What regions have similar attributes andwith growing businesses? collaborate with each other? resources? interest?•What is the volume and quality of talent in •How does the community engage external •What organizations have sharedthe labor pool? or global partners? visions/values?•What are the main sources of innovative •How does the community encourage •Are there other regions with successfulideas/discoveries/inventions? recruit new constituents? innovation ecosystems that we could learn•What resources are available to service •How do young people get involved? from or emulate?and support organizations that interact with •What forums exist that allow theentrepreneurs (workforce training, etc.)? breakdown of social and professional hierarchies? •Where do people come from? •What are their value systems? •What are their motivations (money, reputation, lifestyle, self expression, etc.)? •What are the ‘amenities of place’? •What is the density and quality of service providers (law, IP, consulting, real estate, etc.)? •How do we create and maintain a sense of urgency? •What boundary spanning organizations exist? •What kind of innovative social networks exist already? •What is the local level of serial entrepreneurship? •How do people deal with uncertainty, risk or randomness? •What is the density and quality of physical infrastructure (airports, internet connections, •How is failure perceived? etc.)? •Do people build for perfection or iteration? •What are the core sectors of the local economy? •What are the strongest regional comparative advantages?
    40. 40. “If you want to build a ship, don’t drumup people to collect wood and don’tassign them tasks and work, but ratherteach them to long for the endlessimmensity of the sea.” ~Antoine De Saint Exupery
    41. 41. ….and they lived happily ever after
    42. 42. A new book by Victor W. Hwang and Greg HorowittGreg HorowittManaging Director, T2 Venture CapitalCo-Founder, Global CONNECT, UC San Diego www.therainforestbook.comKauffman Fellow www.innosummit.com
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