Silicon Valley
It’s a mindset, not a place.
¡ 5 Realities ¡ 4 Myths ¡ 1 Opportunity
THE AGENDA
Part I THE REALITY
REALITY 1: ZERO SUM GAME
+1
+1 +1
+1 -1 -1
-1 -1
+1 +1
+1
Other Places Silicon Valley
No Winners, No Losers (Optimism!)
REALITY 2: COLLABORATION
Other Places Silicon Valley
Coopetition
Coopetition Wins! ;-)
Competition
REALITY 3: SHARED OWNERSHIP
Increasingly Flat Ownership Structures
REALITY 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
REALITY 5: GIVING BACK
Recycle Experience and Returns
1. Arrive 2. Idea 3. Share Ownership
4. Get Help & Capital
5. Grow & Sell
Silicon Valley
Part 2 THE MYTHS
MYTH 1: VC MONEY
VC Money Needs an Ecosystem to Work
Good Companies
Quality Hires
Grow Expand
Partners & deals Liquidity
Merger
IPO VC
MYTH 2: ACADEMIA
You Can’t Teach Entrepreneurship
Passion Idea Talent
Talent is mostly genetic
MYTH 3: FACILITIES
The Top Technology Companies Started in a Garage
MYTH 4: RUB OFF
Visiting Corporate Campuses is Boring and Cubicles Suck
It’s a mindset, not a place.
Part 4 GREAT ENTREPRENEURS
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
It’s a mindset, not a place.
Silicon Valley
THANK YOU!
Adeo Ressi @adeoressi
JOIN THE MOVEMENT:
http://FI.co/conference