Introduction to Silicon Valley
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This document welcomes the reader to Silicon Valley and provides information about entrepreneurship. It discusses what entrepreneurship is, famous founders in Silicon Valley, theoretical frameworks used in startup programs, what can be learned from Silicon Valley's success, and definitions of startups and the Lean Startup methodology. The overall message is that entrepreneurship involves tackling big problems and opportunities, working hard and smart to develop a minimum viable product, and using validated learning to eliminate uncertainty and guide the direction of the startup.
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Introduction to Silicon Valley
- 1. Welcome to Silicon Valley Henrik Scheel henrik@startupxp.com
- 2. Entrepreneurship... is an eXtreme sport 2
- 6. Every big problem is a big opportunity Vinod Khosla
- 7. Not just a place – it’s a state of mind
- 9. Theoretical frameworks we use in the program
- 11. What can we learn from SV? • Networking - sharing knowledge and connections • Fail faster – fail cheaper! • Build the right team • Open mind and helpful attitude • Global ambitions from day 1 - think global, start local • Work hard - play hard • Raise money!
- 12. What makes a good founder?
- 14. What is a Startup? A Human institution designed to deliver a product or service under conditions of extreme uncertainty. - Eric Ries A temporary organization designed to search for a repeatable and scalable business model - Steve Blank
- 15. What is LEAN STARTUP?
- 16. Work smarter not harder! Develop an MVP Eliminate uncertainty through validated learning Learning
- 17. Change direction but stay grounded in what we’ve learned
Editor's Notes
- …GREAT (*if most of them still believe) Cause you need to be delusional to be a successful entrepreneur! You need to believe that you can be the one to beat the odds and go change the world.. That is the true mindset of a good innovator! Entrepreneurship and innovation is an extreme sport!One of the greatest entrepreneurs and angel investors in world is Reid Hoffman, and he has a great analogy about entrepreneurs…*change slide*(http://en.wikipedia.org/wiki/Reid_Hoffman)
- Title: Henrik Scheel: How the entrepreneurial mindset can change you-“When you grow up…”I particularity like this quote by Steve Jobs, because it so clearly communicates that Life is not predefined, life is full of opportunities but it’s our responsibility to make the best out of it. Today’s school system..passion Not same starting point in life but our responsibility to make the best out of it
- Entrepreneurship is a way to live you life where you don’t just accept the way things are, you dare to challenge the status quo and try to improve things. Instead of turning your back to problems you try to find solutionsInnovation is dead in Silicon Valley.. The perception of an entrepreneur today..
- Okay now it’s time for you to get to know each other a little better.. When you work as a team it is crucial that you have a good understanding of each other’s strengths and weaknesses. We are now going to do a quick energizer/teambuilding exercise called The movie trailer of your life!Find your team mates and stand in a circle (each team form a circle) so you can all se each other. Now you will each have exactly one minute to tell the story of your life from the day your were born till this moment where we stand here today. *the facilitator takes time (1 minute count down, let them know when there are 30 seconds left and 5 seconds left) good idea to use a big count down timer like: http://classtools.net/education-games-php/timerWhen we are working in a startup team we sometimes experience a lot of pressure and can easily feel very stressed. In those situations it is important that we know each other really well so we can deal with the conflicts in a good way. Going back to the analogy on how entrepreneurs are superheroes – we all have our superpowers and our Kryptonite (the only material that makes Superman weak) when it comes to teamwork. We will now take a second round where to tell the team about the 2 main skills/competences (superpowers) you are bringing to the team + your two biggest weaknesses when it comes to teamwork (kryptonite) - by sharing these strengths and weaknesses you can really improve your team collaboration.Let the teams choose a team captain who will lead the process to begin with *you can take turns..
- "Lean Startup" is an approach for launching businesses and products, that relies on validated learning, scientific experimentation, and iterative product releases to shorten product development cycles, measure progress, and gain valuable customer feedback. In this way, companies, especially startups, can design their products or services to meet the demands of their customer base without requiring large amounts of initial funding or expensive product launchesToo many startups begin with an idea for a product that they think people want. They then spend months, sometimes years, perfecting that product without ever showing the product, even in a very rudimentary form, to the prospective customer. When they fail to reach broad uptake from customers, it is often because they never spoke to prospective customers and determined whether or not the product was interesting. When customers ultimately communicate, through their indifference, that they don't care about the idea, the startup fails.
- The question is not "Can this product be built?" Instead, the questions are "Should this product be built?"
- Okay now it’s time for you to get to know each other a little better.. When you work as a team it is crucial that you have a good understanding of each other’s strengths and weaknesses. We are now going to do a quick energizer/teambuilding exercise called The movie trailer of your life!Find your team mates and stand in a circle (each team form a circle) so you can all se each other. Now you will each have exactly one minute to tell the story of your life from the day your were born till this moment where we stand here today. *the facilitator takes time (1 minute count down, let them know when there are 30 seconds left and 5 seconds left) good idea to use a big count down timer like: http://classtools.net/education-games-php/timerWhen we are working in a startup team we sometimes experience a lot of pressure and can easily feel very stressed. In those situations it is important that we know each other really well so we can deal with the conflicts in a good way. Going back to the analogy on how entrepreneurs are superheroes – we all have our superpowers and our Kryptonite (the only material that makes Superman weak) when it comes to teamwork. We will now take a second round where to tell the team about the 2 main skills/competences (superpowers) you are bringing to the team + your two biggest weaknesses when it comes to teamwork (kryptonite) - by sharing these strengths and weaknesses you can really improve your team collaboration.Let the teams choose a team captain who will lead the process to begin with *you can take turns..