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A vision of Entrepreneurship in Silicon Valley On Startups, Innovation and Wave Surfing IE, June 2011 Marco Marinucci ,[object Object]
Google inc., Strategic Partnerships
Mind the Bridge, founder and CEO
MTB GYM incubator managing partner
Corriere della Sera, contributor SiliconValley.corriere.it
IE Silicon Valley week,[object Object]
 live and breath with the startups
 Pier 38 (~60 startups)
 20 modules
 visits @ companies
 work on your project or with a startuphttp://school.mindthebridge.org
3 Do we care about Innovation? Innovation is about what will be NEXT “You cannot plan innovation. You cannot plan invention. All you can do is try very hard to be at the right place and be ready.”     Eric Schmidt, May 09
4/13 the “Valley”
5/13 The History of the Valley
6/13 The (real) History of the Valley
7/13 The (real) History of the Valley
8 The (real) History of the Valley ?  Today:25 of Fortune 100 Adobe Systems AMD Agilent Technologies Apple Inc. Applied Materials Business Objects Cisco Systems eBay Electronic Arts Google Hewlett-Packard Intel Intuit LSI Logic Maxtor National Semiconductor Network Appliance Nvidia Oracle Corporation SanDisk Seagate Technology Solectron Symantec Sun Microsystems Yahoo! … INTERNET PERSONAL COMPUTERS ,[object Object],INTEGRATED CIRCUITS ,[object Object],WAVES OF INNOVATION ,[object Object]
Kleiner Perkins (72)DEFENSE INNOVATION NETWORKS ,[object Object]
HP (47)
Lockheed
NASA1930	1940	1950	1960	1970	1980	1990	2000
9/13 The main pillars KEY QUESTIONS ,[object Object]
Is it sustainable long-term?
What is the impact of the changing international outlook?,[object Object]
 Approach to Risk
 Value of Failure (not just a downside but a must-have)
 Importance of the Hub: a world of opportunities
Think Big,[object Object]

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The secret sauce of Silicon Valley - Marco Marinucci, Jul 2011

  • 1.
  • 3. Mind the Bridge, founder and CEO
  • 4. MTB GYM incubator managing partner
  • 5. Corriere della Sera, contributor SiliconValley.corriere.it
  • 6.
  • 7. live and breath with the startups
  • 8. Pier 38 (~60 startups)
  • 10. visits @ companies
  • 11. work on your project or with a startuphttp://school.mindthebridge.org
  • 12. 3 Do we care about Innovation? Innovation is about what will be NEXT “You cannot plan innovation. You cannot plan invention. All you can do is try very hard to be at the right place and be ready.” Eric Schmidt, May 09
  • 14. 5/13 The History of the Valley
  • 15. 6/13 The (real) History of the Valley
  • 16. 7/13 The (real) History of the Valley
  • 17.
  • 18.
  • 22.
  • 23. Is it sustainable long-term?
  • 24.
  • 26. Value of Failure (not just a downside but a must-have)
  • 27. Importance of the Hub: a world of opportunities
  • 28.
  • 29. Moving to extremes[*Source: Ernest Young Global VC report – 2007]
  • 30. 12 What’s hot? [*Source: Ernest Young Global VC report – 2007]
  • 31. 13 VCs immune from Crisis? Bullshit! *Techcrunch [*Source: TechCrunchApri 09 from PriceWaterHouseCoopers]
  • 32. 14 Clean tech not feeling so good anymore [*Source: TechCrunchApri 09 from PriceWaterHouseCoopers]
  • 33.
  • 35. Investment Strategy Medium Risk Low Risk Medium Risk High Risk IPO M&A Valuation M&A Investment Focus Cumulative Investment BETA CUSTOMERS EXPANSION MARKETSHARE IDEA DEVELOPMENT 12-24 months 3 months 3-6 months 12-18 months 12-24 months Management Focus Vision/ Product Focus Customer / Market Share Focus
  • 36. Venture Capital General Investment Process Venture Capital General Investment Process Limited Partners Distributions Fundraising Commitments VC Firm (General Partners) Fund Fund Fund Investment Disbursements Proceeds Startup Companies Exit IPO/M&A
  • 37. Agreement variables and control mechanisms
  • 39. 22 Read those or you’re out www.Techcrunch.com www.Linkedin.com www.Valleywag.com www.Siliconvalley.com www.BoingBoing.net www.Digg.com www.startupdigest.com news.ycombinator.com/ www.thefunded.com
  • 40. 23 Read those or you’re out www.baia-network.com www.lobbyinnovazione.it siliconvalley.corriere.it www.italianidifrontiera.com www.workingcapital.telecomitalia.it FACEBOOK: ITALIAN STARTUP SCENE RIDE THE WAVE TO SF MIND THE BRIDGE GYM
  • 41. 24 Successful Landings Find a dedicated mentor (soon!) Set your quarterly objectives Use the network Customers before funding Get local (advisory committee) Learn from who disagrees
  • 42. 25 (5) Lessons from Google the team is all (almost) healthy disregard for the impossible big problems are better than small ones users first don’t pay attention to the VC bandwagon
  • 43. 26 Raising money Today (@#$!) in SV Don’t talk to me if you… are you not local how many exits again? don’t show me the buyer (don’t IPO me…) haven’t jumped yet
  • 44. 27 Why now? It’s the best opportunity talent abounds from scarcity comes clarity innovation comes from hunger startup cost ~0
  • 45.
  • 46. Communicating the American Way: A Guide to Business Communications in the U.S. by Blendstrup, Ghisini  Amazon.com
  • 47. The Home Run Hitter's Guide to Fundraising: Happy About Raising Capital without Pitching by Dan Sapp Amazon.com
  • 48.
  • 49.
  • 50. 30 Agenda WEDNESDAY May, 12 * 10.00AM-12.00AM - VMWare * 1.00PM-2.00PM - Sun/Oracle * 3.00PM-5.00PM - Autodesk THURSDAY May, 13 * 9.00AM-11.00AM - Google * 11.30AM-1.00PM - Stanford Univ. * 4.00PM - 5.30PM - Facebook MONDAY May, 10 * 9.00AM-12.30PM - Accenture * 2.00PM-4.00PM - Strands * 4.30PM-5.45PM - Intro to Silicon Valley * 6.00PM-9.00PM - Startup night TUESDAY May, 11 * 7.30AM- 9.30AM - Yahoo * 10.00AM-11.30AM - Innovation Mgmt Institute * 3.30PM-5.30PM - Plug & Play Tech center * 6.00PM-8.00PM - IE cocktail
  • 51. 31 Speakers www.iesiliconvalleyweek.com Bob Sutton,Stanford AtakanCetinsoy,Strands Javier Olivan, Facebook VittorioViarengo,VMWare Julian Keith Loren, Innovation Mgmt Inst EttoreLeale,Yahoo Jon Pittman,Autodesk Bernardo Hernandez,Google Marco Marinucci,Google, MTB