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Relevant
Textbook Chapters
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Discussion
Questions
- Brainstorm a list of some exciting technologies and their
associated industries. Share in class!
- What is the primary reason for the growth of influential
economic hubs like Silicon Valley?
- Visit the websites of Yahoo and Sun and Google.
What business do you think they really are in?
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Slidedeck:
Silicon Valley and Entrepreneurship
Professors Randy Komisar's slidedeck for this second session.
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Heidi
Roizen: Why be an entrepreneur now?
Why be an entrepreneur now? 1) There is still a tremendous
amount of capital. Mobius, in 2002, had 500 million -- 800
million left to invest in one fund. 2) There is rationality
for the market with respect to hiring, office space and expectations
of people to work with. 3) Roizen belives that the valuations
are still pretty high. 4) Collaborative efforts between entrepreneurs
and VCs, and VCs with other VCs, are strong. Communication
is high. 5) The opportunity to work with a VC is that it is
the one time in your life you have someone working for you
and paying you at the same time. |
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Jerry
Kaplan: Timing is important
Jerry Kaplan says that every idea is repeatedly proposed.
Timing of an idea is very important and very difficult to
call. This involves enabling technologies, customers and trends
in the investment industry. Kaplan gives examples from TiVo
and Amazon. An idea does not stand alone independent of timing
and the investment industry. |
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Jerry
Kaplan: Best time to start a company
Most people will work on an idea for a company for 2-3 yrs
before they get the money. Develop the idea, get prototype
together before raising the money. The best time to start
a company according to Jerry is when everybody thinks it is
impossible. He thinks this is a terrific time to start an
internet company. |
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Vinod
Khosla: How the entreprenur bug bit me
Story of how the entrepreneurship bug grabbed him, Intel as
first example of role model. |
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The
Monk and the Riddle
Through storytelling, Komisar shares his insight on the art
of creating a life while making a living. He takes the reader
through a hypothetical Silicon Valley startup and helps the
main character discover his real purpose and passion, above
the goal of making money. |
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Growth
of a Silicon Valley Empire
A short history of Silicon Valley and Stanford and how the
San Francisco Bay Area's fertile intellectual ground helped
to sprout high technology industries and companies from Intel
to Xerox PARC. With encouragement to develop the practical
areas of science and engineering, entrepreneurs are nurtured
and lauded. |
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