Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Silicon Valley Innovation (Prague)

147 views

Published on

Demystifying Silicon Valley Entrepreneurship, New Ventures Tactics and Culture”, Prague University of Economics, XPort, November 2017

Published in: Education
  • Be the first to comment

  • Be the first to like this

Silicon Valley Innovation (Prague)

  1. 1. Ikhlaq Sidhu, content author Ikhlaq Sidhu Founding Faculty Director Sutardja Center for Entrepreneurship & Technology Department of Industrial Engineering & Operations Research IEOR Emerging Area Professor Award Demystifying Silicon Valley Entrepreneurship New Ventures Tactics and Culture
  2. 2. Ikhlaq Sidhu, content author My Perspective: Sutardja Center for Entrepreneurship & Technology College of Engineering, UC Berkeley Approach Berkeley Method: ØEntrepreneurship ØInnovation Leadership
  3. 3. Ikhlaq Sidhu, content author LOTS OF ACTIVITY CHALLENGE LAB GLOBAL PROFESSORS NZTV SELF-DRIVING COLLIDER DATA-X CHATBOT COLLIDER SCET IN TAIWAN JOHN BATTELLE FOUNDER WIRED MAGAZINE NEWS COVERAGE 14 Courses 1600+ Undergraduates 80+ Ph.D / Graduate Students 100+ Executives 12+ Global Partners MARRISA MAYER
  4. 4. Ikhlaq Sidhu, content author Misconception: We used to think that learning business and management would help technology innovators Reading business cases studies on innovation Management practices and financial statements Making a presentation to raise funds Studying business frameworks Making a business plan Waiting for a great idea 6 things are not the main ingredient to deploy innovation or start ventures.
  5. 5. Ikhlaq Sidhu, content author Our model has adapted: Business training is not the only key element Our effectiveness formula is: • Depth in an valued area • Entrepreneurial “behaviors and mindset” Our programs and projects provide this. Our model has adapted: Business training is not the key element Skill in a Core Area Innovation Behaviors and Mindset “Psychology of Innovation” High Potential Too Narrow Street smart, but lacking depth
  6. 6. Ikhlaq Sidhu, content author Our newest Course IEOR 135 / 290 Applied Data Science (Data-X Projects)
  7. 7. Ikhlaq Sidhu, content author Sample Project from the First Data-X Course • Detection of fake news • Prediction of long-term energy prices to solve am Wall Street problem • Prediction applications stock market, sports betting, and more • AI for Crime detection, traffic guidance, medical diagnostics, .. etc • A version of Zillow that is recalculated with the effects of AirBnB income • and many more…
  8. 8. Ikhlaq Sidhu, content author Our model has adapted: Business training is not the only key element Our offerings range in technical depth vs breadth Skill in a Core Area Innovation Behaviors and Mindset “Psychology of Innovation” High Potential Taught in situation, during the journey Challenge Labs SVIL/ELPP Applied Data Alt.meat … Social/Business Technical Depth
  9. 9. Ikhlaq Sidhu, content author The Greater Silicon Valley: An Innovation Accelerator My other perspective is Silicon Valley
  10. 10. Ikhlaq Sidhu, content author Silicon Valley – What is it like? • Approx. 6M people • 400,000+ tech jobs (~25% of the work force) • More millionaires & billionaires per capita than anywhere else in US and Europe • Thousands of experienced entrepreneurs. • 50% of all venture investing in the US • 2,000+ angel investors, 29 of the 100 largest US companies have HQ in SV • Decisions are made at lightning speed • Follow up in hours, not days or weeks Data from USMAC
  11. 11. Ikhlaq Sidhu, content author Demystify the Venture Creation Process
  12. 12. Ikhlaq Sidhu, content author Universities and Industry Misconception Universities Smartest People New Ventures Technology Message 1: A Misconception
  13. 13. Ikhlaq Sidhu, content author Universities and Industry Smartest People New Ventures Technology This is misconception Universities
  14. 14. Ikhlaq Sidhu, content author Universities and Industry Universities: Stanford Berkeley Smartest People World Brain Drain Large Firms New Ventures Create Grow Skilled Employees
  15. 15. Ikhlaq Sidhu, content author Universities and Industry Universities: Stanford Berkeley Smartest People World Brain Drain Large Firms New Ventures Create Grow Skilled Employees
  16. 16. Ikhlaq Sidhu, content author A Critical Factor
  17. 17. Ikhlaq Sidhu, content author • San Diego• Chicago Two Cities in USA Message 2: (Innovation) Culture Matters
  18. 18. Ikhlaq Sidhu, content author Components of Any Industry Cluster or Ecosystem Government Policy People with Skills Venture Capital / Private Equity Entrepreneurs Support System Universities Industry Base or Cluster
  19. 19. Ikhlaq Sidhu, content author Components of Any Industry Cluster or Ecosystem Government Policy People with Skills Venture Capital / Private Equity Entrepreneurs Support System Universities Industry Base or Cluster Hidden Essential Ingredient
  20. 20. Ikhlaq Sidhu, content author Components of Any Industry Cluster or Ecosystem Government Policy People with Skills Venture Capital / Private Equity Entrepreneurs Support System Universities Industry Base or Cluster Hidden Essential Ingredient Innovation Culture & Mindset
  21. 21. Ikhlaq Sidhu, content author The Path to New Initiatives and New Businesses T S Progress on Technology and/or Product Social Progress in Developing Stakeholder Ecosystem
  22. 22. Ikhlaq Sidhu, content author Technology Readiness Level Developed by NASA
  23. 23. Ikhlaq Sidhu, content author Investment Readiness Level Version: Berkeley Method Adapted from Steve Blank
  24. 24. Ikhlaq Sidhu, content author Identify the Stage of Your Product Business Investment Readiness System Test, Launch, Ops Technical Readiness System/Subsystem Demonstration Development Progress Feasibility Research Insight Story / Value Validation Business Model Sales Process Complete Ecosystem Operational Metrics X Y Z
  25. 25. Ikhlaq Sidhu, content author Identify you making progress? Business Investment Readiness System Test, Launch, Ops Technical Readiness System/Subsystem Demonstration Development Progress Feasibility Research Insight Story / Value Validation Business Model Sales Process Complete Ecosystem Operational Metrics X Y Z Progress: Logic, Market, Size, Value Proposition, Execution… Progress: Connectors, People Are Joining, Story Resonates, PR/News, Lots of friends…
  26. 26. Ikhlaq Sidhu, content author Advice for Researchers
  27. 27. Ikhlaq Sidhu, content author Misconception Work in Lab for 5 years Show World They Love it And adopt it
  28. 28. Ikhlaq Sidhu, content author Misconception Work in Lab for 5 years Show World They Love it And adopt it Instead: Invite World (Industry) to collaborate with you Let them tell you where the industry will be in 5 years Intersect with their roadmap in 2-3 years They Love it And adopt it
  29. 29. Ikhlaq Sidhu, content author Contact: Ikhlaq Sidhu Faculty Director, Sutardja Center for Entrepreneurship & Technology IEOR Emerging Area Professor, UC Berkeley sidhu@berkeley.edu scet.berkeley.edu

×