Monthly Archives: August 2014

Crazy is a Compliment

Title: Crazy is a Compliment
Date: 2014-05-07
Speaker: Linda Rottenberg (Endeavor)
Link: Entrepreneurial Thought Leaders
 
The most important backer you’ll need to start any venture is you.
The first part of doing anything different is being misunderstood.
If you’re trying to shake up the status quo then the people following the status quo won’t necessarily embrace your vision.
It is the juxtaposition between doing what is the safe and the known and the unsafe and unknown. It is the juncture between hope and fear. Choose hope.
Stop planning. Start doing.If you’re not called crazy you’re probably not thinking big enough.
Stop planning. Start doing.
Only 12% of Inc. 500 company conducted formal market research before launch. And only 40% actually created business plans. Two thirds of those ditched them.
Entrepreneurs don’t look at the writing on the wall. They look at the space in between because it is in those gaps where real impact happens.
The greatest entrepreneurs focus on pain points not Powerpoints.
Don’t bet the farm.
Most entrepreneurs are risk minimizers.
Think big but execute small.
Stalking is an underrated startup strategy.
Turbulence is the official climate of entrepreneurship.
Stability is the friend of the status quo. Chaos is the friend of the entrepreneur.
When economies look down entrepreneurs look up.
Give yourself permission to fail.
Act counter to everyone else and counter to your instincts. When everybody is zagging start zigging.
Above all else stay on the entrepreneurial train.
Know your strengths.
Make sure within the team you have different strengths.
The next wave of diplomacy is going to be held entrepreneur-to-entrepreneur (e2e).
If you don’t learn to become a leader then you won’t have anybody to lead.
Being authentic and vulnerable opens you up to many opportunities.
Close doors. You can’t be one foot in and one foot out.
People become paralyzed when keeping too many doors open.

Creativity, Inc.

Title: Creativity, Inc.
Date: 2014-04-30
Speaker: Ed Catmull (Disney/Pixar)
Link: Entrepreneurial Thought Leaders
 
The first conclusions are almost always wrong. And so are the second and third.Sometimes you can overreach and get the home run but lose the game.
Learn from mistakes.
You need a lot of candor about what works and what doesn’t work.
There are good reasons why most people hold back and don’t say what they think.
Process is important.
Trust takes a while to earn.
New ideas are fragile.
Sometimes things that are actually true don’t alter our behaviour.
The first conclusions are almost always wrong. And so are the second and third.
You know you’re an integrated company if you can’t draw a line between the technical and the creative.
It is good to work in teams.
You need people, who are candid and have enough experience, who will raise the flag.
Storytelling is the way we communicate with each other.
Managing is a creative act.

An Emphasis on Excellence

Title: An Emphasis on Excellence
Date: 2014-04-23
Speaker: Morris Chang (TSMC)
Link: Entrepreneurial Thought Leaders
 
Lean and think. Both are important.99% of Taiwan companies operate on 1% gross margin.
To be a world-class company you need to have R&D. You need to have marketing.
Learn and think. Both are important.
If you just learn and don’t think you quickly become lost.
If you just think and don’t learn you quickly run out of material to think.
The next big thing is probably “the Internet of things” and wearables.
A CEO’s main job is to bring the outside to the inside. The outside is the customers, shareholders, society and the world. Maximize the inside performance to cope with the outside.

Education Reimagined

Title: Education Reimagined
Date: 2014-04-16
Speaker: Sal Khan (Khan Academy)
Link: Entrepreneurial Thought Leaders
 
 
What is variable is how long and when you have to learn something and what is fixed is that you have to get to a high level of proficiency.
Stay true to your mission.The classroom should be a place for interaction.
When you have ownership over your learning narrative it pays dividends in all classes.
Where there is a genuine desire they are able to move.
The videos are the least important part of Khan Academy.
It doesn’t hurt to have a scaffold. It doesn’t hurt to have a big picture.
Dig deep and be intellectual about things.
Stay true to your mission.
It is healthy to have competitiveness.
Play the long game.

Be an Authentic Entrepreneur

Title: Be an Authentic Entrepreneur
Date: 2014-04-09
Speaker: Tristan Walker (Walker and Company)
Link: Entrepreneurial Thought Leaders
 
You spend a third of your life learning, a third of your life earning, and a third of your life returning.
If you put returning before earning you won’t be able to scale returning.
One thing I learned is the important of authenticity of your brand.
You've got to be willing to persevere for six minutes when other people are willing to persevere for five.Brand is not what you say it is. It is what they say it is.
Nobody else should be telling (your) story.
Sometimes it is okay for people to be a jerk.
There are haters everywhere.
Your life is public. You had better take control of it before someone else does.
Every single trial and tribulation you go through is a lesson.
The entrepreneur thing is hard. At times it is amazing. At times it sucks.
You don’t want to have to stress yourself out unnecessarily.
Take your time.
The grass is always greener.
A lot of people think so far into the future that they forget the opportunity that is in the present.
It is all about the product.
As long as you practice very good judgement, and you’re working harder than anyone else, everything will work out for you much better than you would expect.
You’ve got to be willing to persevere for six minutes when other people are willing to persevere for five.
People are generally good.

What You Learn by Doing

Title: What You Learn by Doing
Date: 2013-04-24
Speaker: Akshay Kothari, Ankit Gupta (Pulse)
Link: Entrepreneurial Thought Leaders
 
You can create luck.Time is more valuable than money. (Ankit Gupta)
Keep it simple. (Akshay Kothari)
It is all about people. (Akshay Kothari)
The more side projects you do the more mistakes you make and the more learning you have. (Akshay Kothari)
You never know when a side project will become a big company. (Akshay Kothari)
If you stay focused on product and keep putting things out there you might be sitting on the next big product. (Akshay Kothari)
Getting feedback quickly is really important. (Akshay Kothari)
Balance (in employee gender) is really good. (Akshay Kothari)
Culture is one of the most important things that every founder should think about. (Akshay Kothari)
Culture changes very fast. (Akshay Kothari)
Every person should be thinking about product. (Akshay Kothari)
Give open feedback. (Ankit Gupta)
If you can create a scenario where they need you more than you need them then you’re in a good position. (Akshay Kothari)
It all comes back to: What is your mission? What are your values? What does your product actually do? (Ankit Gupta)
Focus on building a great product. (Akshay Kothari)
Luck is very ambiguous. (Ankit Gupta)
Luck is your subconscious algorithms. (Ankit Gupta)
You can create luck. (Akshay Kothari)

Mobile Can Disrupt Social

Title: Mobile Can Disrupt Social
Date: 2013-04-17
Speaker: Monica Lam (Stanford)
Link: Entrepreneurial Thought Leaders
 
Everything is social. We are social animals.The social networks we have today are intranets.
If you really want to have a social network you need to interpolate across people who care about privacy and who don’t care about privacy.
You can create a new experience and draw people to the experience.
(Your phone) is your personality.
Only simple things work.
You have to give them a better experience.
On mobile devices there are so many creative experiences.
AFAP: As Frictionless As Possible
People have to come first.
When your apps are contextual they get used more often.
Open competition rules.
Everything is social. We are social animals.

How Things Gain from Disorder

Title: How Things Gain from Disorder
Date: 2013-04-10
Speaker: Nassim Taleb (Author)
Link: Entrepreneurial Thought Leaders
 
Milk uncertainty and try to exploit disorder.You should make lemonade every time someone gives you a lemon.
Unpredictability is a problem in the real world.
Milk uncertainty and try to exploit disorder.
The opposite of fragile isn’t robust.
The word trial-and-error is a misnomer.
Make sure you have optionality–that you’re not locked into a business plan.
An entrepreneur by design is not broad.
You should never let a crisis go to waste.
Nobody should ever put someone else at risk.

Create More Value Than You Capture

Title: Create More Value Than You Capture
Date: 2013-03-06
Speaker: Tim O’Reilly (O’Reilly)
Link: Entrepreneurial Thought Leaders
 
If you can make other people successful you can make the world a better place.Do less.
Your mobile device knows so much that you don’t have to tell it as much as you used to.
You have to embrace hardware as well as software.
Rethink workflows and the experience that someone has.
Create more value than you capture.
If you can make other people successful you can make the world a better place.
tim@orielly.com
There is a balance when you’re building an ecosystem between the central party controlling the ecosystem and the other players.
Find interesting ideas and amplify them.
Really great companies have ideas about transforming the lives of their customers.
Every new technology starts with a maker movement.
Sensors are becoming a part of everything.