Keynote speech by Prof. Joe Haslam (IE Business School), at INSEAD Entrepreneurship Roundtable, hosted by Tetuan Valley on 10th November 2011.

1. Are we overdoing Silicon Valley?
November 10th, 2011
19h00-20h30

2. 1/5 - Intro

3. About Me
- From Ireland, have also lived in US, UK, Norway, France, Spain
- Founding Team, Marrakech.com (raised $75m, Employed 250
people, still used today)
- MBA, IE Business School 2004
- Now VP Stratemic Capital
- Mentor at Venture Lab, Startup Bootcamp, Wayra

4. “Be a node … not a cluster”

5. 2/5- Silicon Valley

8. 3/5- Research

9. “Pick a hot industry, build a technology park next to a
research university, provide incentives for businesses to
relocate, add some VC and then watch the magic happen”.
Vivek Wadhwa

10. Key Drivers of Innovation
- communication channels that local
entrepreneurs maintain to the
outside world
- open-mindedness toward foreign
cultures, change and new ideas”.
- Regional and national clusters are
“irrelevant for innovation”
Companies that maintain ties only with players within the
same cluster are four times LESS LIKELY to innovate
than those which were globally connected.

11. 4/5 - Takeaways

12. José María Álvarez-Pallete
CEO of Telefónica Europe
Wayra Founder & Architect
- “We want to occupy the technology around
telecoms. We need to take advantage of our
proximity to the customer.
- “We do not want to go to California for new
technology. I want to have this in London,
Berlin, Munich, Prague and Dublin
– to create local silicon valleys around the
world that are all connected. It is about
creating the right ecosystem for this to
work.”

13. “Of all required criteria, it is essential that the chosen
entrepreneurs work in a global mindset, believing that
the route to success is via expansion not isolation.”

14. “Silicon Valley, despite being at the center of
the digital world, is a hopelessly insular and
actually rather hermetic place.
Even its famous immigrant culture emphasizes
joining the SV way.
For all its talk of innovation, it resists almost
anyone who is not part of its mainstream“

15. 5/5 – Further Discussion

16. “Spain needs a new economic model”
There was very little difference between
the policies of Socialist Prime Minisiter
Felipe González from 1982–96 and the so
called modernization programme of the
Franco dictatorship from the late 1950s.
The strategy for relaunching the economy
in the 1980s was based on deepening
Spain’s existing ‘specializations’ in tourism,
property development and construction, as
‘competitive advantages’

17. “Para promover el espíritu emprendedor como motor de
nuevos empleos y fuente inagotable de innovación en
España”
("To promote the spirit of entrepreneurship as an engine of
new jobs and inexhaustable source of innovation in Spain")

18. How do we unleash the Entrepreneurs?

19. Appendix
Working Papers Series - 2011/05
When local interaction does not suffice: Sources of Firm Innovation in Urban Norway
by Rune Dahl Fitjar and Andrés Rodríguez-Pose
http://repec.imdea.org/pdf/imdea-wp2011-05.pdf
The Spanish Model
Isidro López & Emmanuel Rodríguez
New Left Review 69, May-June 2011
http://www.newleftreview.org/?view=2895
What the next Prime Minister of Spain should do for Entrepreneurs
http://www.entrepreneurcountry.net/
Joe Haslam
September 2011
The Competivive Advantage of Nations: Its not about Clusters, its about Nodes
http://www.entrepreneurcountry.net/
Joe Haslam
November 2011
El 'mix' perfecto para una empresa: Españoles por el mundo y extranjeros en España
Joe Haslam 19/10/2010
El Confidencial
http://goo.gl/JDRsn

20. Míle Buíochas/ Thank you
Joe Haslam
Lives in: Madrid, Spain
joehas@gmail.com
http://www.linkedin.com/in/joehas
http://twitter.com/joehas
"Everyone lives by selling something"
Robert Louis Stevenson (1850-1894)