#CrazyOKC Building a More Innovative Oklahoma City - InternOKC Program June 2013

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Presentation by Danny Maloney of PinLeague to the InternOKC participants on June 19th, 2013. Includes a framework for building an innovative career, personal lessons learned while at Google, YouTube, AOL and prior startups and some perspective on the unique challenges OKC faces in building an entrepreneurial ecosystem.

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  • BureaucracyPeople who “don’t get it”What you want vs what’s expected of you
  • Tweet what’s interestingTweet your reflectionsTweet your questionsTweet to say hiMost of all – tweet because you feel sorry for all of your classmates and friends who aren’t here today
  • SWIPPY = SUCCESS, BUT FAILURE THINK BIGMINT.COM = FAILURE TO SEE THE OPPORTUNITY  THINK COLLABORATIVELY / LISTEN FOR OPPORTUNITYSTREETVIEW = TOP DOWN + BOTTOM UP IN A LARGE COMPANY  CHOOSE UNIQUE OPPORTUNITIESYOUTUBE = PICK A BOSS WHO WILL LET YOU INNOVATEAOL VIDEO = LEADERSHIP FROM WITHIN + ACQUISITION + TURNAROUND  EMBRACE CONFLICTPINLEAGUE = THE OPPORTUNISTIC PIVOT  PUT IT ALL TOGETHER + JUST DO IT
  • #CrazyOKC Building a More Innovative Oklahoma City - InternOKC Program June 2013

    1. 1. Crazy | INNOVATIVE@danielpmaloney, CEO of @PinLeague
    2. 2. #CrazyOKChttp://www.youtube.com/watch?v=Rzu6zeLSWq8
    3. 3. #CrazyOKC“The people who arecrazy enough to thinkthey can change the worldare the ones who do.”
    4. 4. #CrazyOKCWhy is innovation crazy?You bring change.People resist change.∴ , People will resist you.
    5. 5. #CrazyOKCToday’s Goal:Inspire some crazy.
    6. 6. #CrazyOKCAND SHARE YOUR CRAZYWHO HAS A CELL PHONE?SHOW IT TO ME.POWER N.#CrazyOKC
    7. 7. #CrazyOKCHow are yougoing to innovatein your internshipthis summer?
    8. 8. #CrazyOKCabout.me/danielmaloneySWIPPYMy Crazy Story (so far)
    9. 9. #CrazyOKCA Few Vignettes1. Opportunity Missed2. The Value of Thinking Big3. Creating Your Path
    10. 10. #CrazyOKC#1: Opportunity Missed• Graduated Penn in 2005 and took an entrylevel role at BCG; money was tight.• Problem: I needed an easy way to trackand manage my finances.• Solution: Excel.
    11. 11. #CrazyOKC
    12. 12. #CrazyOKC
    13. 13. #CrazyOKCOne day, I showed my friend...• She asked for a copy of the spreadsheet• I begrudgingly copied it, deleted my dataand shared it with her.• Then, another colleague asked. Andanother. I ignored them. I was busy.
    14. 14. #CrazyOKC
    15. 15. #CrazyOKC
    16. 16. #CrazyOKCWhy Didn’t I Build It?1. Focus: Working 70 hours / week as amanagement consultant2. Fear: Of criticism, ridicule, obligation3. I Didn’t LISTEN: The market was tellingme there was a need.
    17. 17. #CrazyOKCWhy do you WORK ?LoveorMoney
    18. 18. #CrazyOKC“The only way to be truly satisfied is todo what you believe is great work.And the only way to do great work is tolove what you do.If you havent found it yet, keep looking.Dont settle. ”-Steve JobsStanford Commencement Speech
    19. 19. #CrazyOKCThe Cost of Not DoingWhat You Love
    20. 20. #CrazyOKC#2: The Value of Thinking Big
    21. 21. #CrazyOKCThe Challenge• Problem: I want live video everywhere.• Attempt 1: Put cameras everywhere. Cost =$1 Trillion +.• Attempt 2: Moving cameras in mobilecommand centers. Too slow / unscalable.• Attempt 3: Moving camera cars.
    22. 22. #CrazyOKC
    23. 23. #CrazyOKCThe Challenge, Part II• Problem: Cost• Solution 1: Technological Innovation• Solution 2: Kill 3 birds with one stone(and many smaller incremental solutionsalong the way)
    24. 24. #CrazyOKC
    25. 25. #CrazyOKC
    26. 26. #CrazyOKC
    27. 27. #CrazyOKC
    28. 28. #CrazyOKC
    29. 29. #CrazyOKCLessons Learned1. Innovation can happen in big companies2. Great leaders define problems andchallenge you to generate solutions3. Seek adjacent problems to expand impact4. You can make a big impact quickly
    30. 30. #CrazyOKCCreating Your Path• Problem: I wanted to work more on coreproduct development and grow into a GM.Google required a CS degree to be aproduct manager, didn’t have GMs.
    31. 31. #CrazyOKCThe Spark
    32. 32. #CrazyOKCKeys to Creating Your Path1. Pick your boss wisely2. Seek unique opportunities3. Know your goals and the company’s.Put the company’s first.4. Work hard.
    33. 33. #CrazyOKCA Note on Working Hard9 to 5 is dead. Think in expert cycles.
    34. 34. #CrazyOKCThe Impact of 10,000 Hours(Experience)• Consider Mike and Sheryl– Mike works 40 hour weeks (2k hrs/year)– Sheryl works 60 hour weeks (3k hrs/yr)• How will their expertise develop?
    35. 35. #CrazyOKCThe Impact of 10,000 HoursNot just how much you do; what you learn-20,00040,00060,00080,000100,000120,000Year 1 Year 5 Year 10 Year 20 Year 30 Year 40MikeSherylExecutive expertiseMid-level expertiseEntry-level expertise
    36. 36. #CrazyOKCThe Impact of 10,000 HoursEarnings grow exponentially with expertise-255075100125150175200Year 1 Year 5 Year 10 Year 20 Year 30 Year 40MikeSheryl
    37. 37. #CrazyOKCWE CAN DO IT HERE IN OKFour Fortune 500 Companies
    38. 38. #CrazyOKCWE CAN DO IT HERE IN OKNumerous other innovators
    39. 39. #CrazyOKCWE CAN DO IT HERE IN OKOthers are taking notice
    40. 40. #CrazyOKCPLUS, OVER 50 TECHSTARTUPS BETWEEN OKCAND TULSA
    41. 41. #CrazyOKCOKC has unique challenges thatpresent opportunities for you1. Missing Middle Management2. Socio-cultural Norms3. Tech Gap
    42. 42. #CrazyOKC32%34%40% 40%42%44% 44% 44% 44% 45%30%33%36%39%42%45%48%US Avg OKC CHI DAL BLDR NYC SF BOS SEA AUSShare of Population Aged 21-44Our work force is stretched thincompared to innovation centers
    43. 43. #CrazyOKC15%16%19% 19%21% 21% 21% 21% 22%12%15%18%21%24%OKC BLDR CHI DAL BOS SEA SF AUS NYCShare of Population Aged 25-34We’re especially thin in 25-34 y.o.You are Critical to OKC Innovation
    44. 44. #CrazyOKC25% 25%24%23%22%17%15% 15%14% 13%10%13%16%19%22%25%28%DAL OKC US Avg CHI AUS BOS SEA NYC BLDR SFShare of Population Aged 0-17Cultural Challenge to Consider:People get married, have kids, buy housesyounger
    45. 45. #CrazyOKCTheTechGap
    46. 46. #CrazyOKCNow, Go MakeCRAZYCONTAGIOUS
    47. 47. #CrazyOKC2013: Top Startup Cities1. Silicon Valley / SF Bay2. New York City3. Boston4. Los Angeles5. Washington D.C. - #246. Seattle - #227. Austin8. Philadelphia9. Chicago10. Atlanta - #4011. Pittsburgh - #6112. Denver - #2313. Boulder - #2802013: Top Startup Cities1. Silicon Valley / SF Bay2. New York City3. Boston4. Los Angeles5. Washington D.C.6. Seattle7. Austin8. Philadelphia9. Chicago10. Atlanta11. Pittsburgh12. Denver13. BoulderMy Crazy Mission2018:Oklahoma City(#29)makes the list!

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