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Silicon Valley
It’s a mindset, not a place.
THE AGENDA

¡ 5 Realities
¡ 4 Myths
¡ 1 Opportunity
THE REALITY

Part I
REALIT Y 1: ZERO SUM GAME
Other Places

+1

Silicon Valley

-1

-1
+1 +1
-1
+1 -1

No Winners, No Losers (Optimism!)

+1
+1
+1
REALIT Y 2: COLLABORATION
Other Places

Silicon Valley

Competition

Coopetition

Coopetition Wins! ;-)
REALIT Y 3: SHARED OWNERSHIP

Increasingly Flat Ownership Structures
REALIT Y 4: STRUCTURE

Structured for an IPO on Day 1
Founder Vesting for Breakups
Founder Control for Value (Class F)
Standardized Advisor Structure (FAST)

Start with the End in Mind
REALIT Y 5: GIVING BACK

Recycle Experience and Returns
Silicon Valley

1. Arrive

2. Idea

3. Share
Ownership

4. Get Help
& Capital

5. Grow
& Sell
THE MYTHS

Part 2
MY TH 1: VC MONEY

Good
Companies

Quality
Hires

Partners
& deals

Liquidity

Merger
VC

Grow

Expand

VC Money Needs an Ecosystem to Work

IPO
MY TH 2: ACADEMIA
Talent is mostly genetic

Talent

Passion

Idea

You Can’t Teach Entrepreneurship
MY TH 3: FACILITIES

The Top Technology Companies Started in a Garage
MY TH 4: RUB OFF

Visiting Corporate Campuses is Boring and Cubicles Suck
It’s a mindset,
not a place.
GREAT ENTREPRENEURS

Part 4
Tested >15K
entrepreneurs.
THE TEST

Fluid Intelligence, Big 5 Personality, Trouble Indicators
THE METHODOLOGY
PROFESSIONAL EXPERIENCE
HIGH FLUID INTELLIGENCE
HIGH OPENNESS
MODERATE AGREEABLENESS
BAD FOUNDER DNA
How do founders in
different cities compare?
Successful Entrepreneurs:
Find out your DNA at
http://FI.co/conference
Great companies
start with
great people
Silicon Valley
It’s a mindset,
not a place.
THANK YOU!
Adeo Ressi
@adeoressi
JOIN THE MOVEMENT:

http://FI.co/conference

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Silicon Valley - It's a Mindset, Not a Place