Silicon Valley Meet Lagos
•
0 likes•104 views
Derek Distenfield is a successful entrepreneur and innovator who has founded and sold companies. He now lectures on startup growth and writes for Forbes. In this presentation, he shares 10 lessons on innovation from his experience in Silicon Valley, including that innovation requires both a great idea and excellent execution, and that the goal should be to create a product or service that is 10 times better than existing options. He also stresses the importance of getting real customer feedback to guide development and learning from failures.
Recommended
More Related Content
What's hot
What's hot (20)
Similar to Silicon Valley Meet Lagos
Similar to Silicon Valley Meet Lagos (20)
Recently uploaded
Recently uploaded (20)
Silicon Valley Meet Lagos
- 1. Innovation Lessons From Silicon Valley
- 2. DEREK DISTENFIELD- COO & Co-founder Lectures on startup growth at leading universities and writes for Forbes Top 10 Entrepreneurs to Watch Out For in 2021 Prior Chief Operating Officer for $2B FINTECH Created & sold Cult Following a successful brand agency “40 under 40 Innovator” ~ Analytic Insight Magazine “One of 2020s most influential people”
- 10. Before you listen to closely There is no silver bullet, but I have the battle scars BEFORE WE GET CRAZY
- 12. Innovation Innovation= Idea + Execution
- 13. Needs to be 10X better experience then anything on the market! Idea matters Pain killers are better than vitamins
- 14. 1. Have an awesome idea 2. Develop value prop 3. Get customers How Some products are built Doesn’t Work
- 15. Being First First Doesn’t Win
- 16. Delicate Balance FOMO vs FOLS
- 17. Make decisions with 60% of the information Don’t fear failure if it can be fixed Time for an ER Doctor not a Neurosurgeon
- 18. Reality Build + Measure + Learn or Unique Customer Insights or Hack or All Three ☺
- 19. CEO’S JOB IS NOT TO MANAGE Mission, vision & values, recruit & maintain talent, keep company alive
- 20. Teams Team & Teams Teams=Hackers + Hustlers + Hipsters
- 21. Leading in uncertain times ultimately comes down to effective communication Leave time for it
- 22. cloud-based communications and collaboration solutions for businesses. Backed by Sequoia, IPO, $15B market cap cloud contact center software. Backed by Hummer Winblad, IPO, $4B market cap Unicorn FINTECH cloud contact center software. Backed by Hummer Winblad, IPO, $4B market cap Unicorn acquired by Stripe SELECTIVE SUCCESS STORIES
- 23. MANY BILLIONS IN VALUE ALREADY CREATED FROM #GLOBAL MARKETS Telegram: $4B GitLab, $2.8B GlobalLogic: $2B Bitfury: $1B Grammarly: $1B Skype:, $8.5B Avito: $3.9B LogMeIn:, $4.3B Luxsoft: $2B Quantenna: $1B Parallels: $500M Acumatica: $500M Qik: 150M Bolt: $1B Wrike $800M Revolut: $1.7B Viber: $900M You can be next if you believe and lead in uncertain times!