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This is a keynote presentation by Adeo Ressi on Silicon Valley and the entrepreneurial mindset. The presentation looks at the realities, myths and opportunities of global startup ecosystems, comparing personality traits of successful entrepreneurs from around the world.
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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