Wednesday, September 29, 2010
Tuesday, August 31, 2010
Saturday, August 28, 2010
Monday, August 23, 2010
Friday, August 13, 2010
Thursday, August 5, 2010
How to create a global phenomenon - Tim Farris
The 4-hour work week
The Guiding Principle:
Whenever you find yourself on the side of the majority; it's probably time to think and reflect about what you are doing!
Book was turned down by 26 out of 27 publishers.
The assumptions:
consistent suggestions: radio blogs, most stuff doesn't make it
The goal:
20,000 earlyvangelists in 2 weeks
"surround sound" effect
Suggestion: Read "1,0000 True Fans"
Data is King
7am and 6pm PST on Tuesday, Thursday, Saturday.
Sometimes data that is easily obtained can be extremely valuable, technical people sometime underestimate this
1) Indirect
2) Direct
3) Meta
Brian Oberkirch...
43 folders
Robert Scoble:
Sell around the product
PPC --> Phenomenize, Polarize, Communitize
Lifestyle design
From Geek to Freak: How I Gained 34 lbs of muscle in 4 weeks
Get satisfaction
Blog post should be around 500 to 750 pages... but can be longer if you get people's attention early on.
Remove the date, put it at the bottom...
Metrics in one page
1) measure the fewest things possible 80//20
2) a/b tests optimize me to produce meaningful changes.
3) vanity metrics (if you don't know don't speculate) --> actionable metrics (stick to actionalbe metrics)
4) create a feedback culture.
steps: acquition, retention, referral
cost per acquisition (CPA)
ARPU + Lifetime Value (LV)
Viral coefficient (10 new : 10 orig = > 1)
first giving:
donars chose:
slinkset
google moderator
weight loss: (remove negativity)
Gyminee
The question people always ask when they goto your site is... How will I use it?
Keep the UI design very simple and straight forward....
How to Create a Global Phenomenon - David Rose
SBIR = Small Business Innovation Research
SMTT = Small Business Innovation Research
Phase I: up to $100,000
1 in 4 receive this
Phase II: up to $750,000
Phase III --> you have to get it yourself
- Bootstrapping is the best way to finance a company!
- Banks aren't in the business of funding startups --> they don't want to take the risk.
- Startups can't get loans!! --> only if you personally promse to pay back (can't get an unsecured loan).
- Raising equity: selling part of your company and gaining a partner --> this is really risky, close to selling your soul.
- YOU will be your first investor...
- Friends, and family should be second...
- Angel investors should be third...
- Venture capitalists are next
Venture capitalists --> professional money managers who invest large pools of other people's money for an economic return.
LP ==> Limited Partners (losses limited only to the extent of the money they lose)
GP ==> General Partner (responsible for any debt incurred by the firm)
Angel Investors --> Rich(ish) people who invest their own money for economic and other reasons (but not billionaires typically)
VC's get 2% of the committed funds for running the fund for fancy dinners, etc plus 20% of the upside in returns
After the dot-com crash, tons of LPs lost money and talked to the VC fund.. where's my money! don't lose my money! then VCs stopped leading money, thus there was almost NO VC money available after the dot-com crash.
Early, Late ---> Angels 55,000 deals mostly early-stage
Idea ---> Plan ---> Prototype ---> Beta ---> Sales ---> Profitability
Friends, Family & Fools $100k --> Idea, Plan
Angel Investors $300k to $500k --> Idea, Plan, Prototype, Beta
SBIR/STTR Grants --> $100k to $750k
Angel Groups $500k to $1-$3 million
Strategic Partners --> corporate partners, deals between companies, etc (google buying admob, etc)
Venture Capital --> $3 - $4, $10 million (show me sales, profitability)
Banks --> only once you are profitable from $0 to tens of millions
IPO -> $50M to $100M
20 - 40% is given up after each round of financing
US Early Stage Financing
Govt Grants $2 b
Angel investing $20 B
Venture Capital $25 B
600,000 companies started this year, here's the break down:
350,000 founders
200,000 friends and family
50,000 angels
1,000 venture capital
Profile of an Angel: age 57
masters degree
15 year entrepreneur
2.7 ventures founded
9 years investing
10 investing
2 exits/closures so far
10% of wealth in angel investments
"Accredited Investor"
$1 million in assets (not including home) or
$200,000 annual income in past two years
Secret Economics of the Angels
Well managed angel funds return 25- 30%
$1 million for angel investments distributed over 10 deals
1.25 ^ 6 = 3.8 x ROI - Return on Investment
5 will go no where = 0 x 1/10 x 5 x 0 = 0.0
2 will get my money back = 1 x 1/10 x 2 x 1 = 0.2
2 will get me 3x my money = 3 x 1/10 x 2 x 3 = 0.6
1 your deal must return 30x = 30 x 1/10 x
Execution is a multiplier of an idea
How good of an idea?
Awful = -1
Weak= 1
So-So= 5
Good= 10
Great = 15
Brilliant= 20
Execution
None = $1
Weak = $1,000
So-So = $10,000
Good = $100,000
Great = $1,000,000
Brilliant = $10,000,000
brilliant Idea x So-so execution = $200,000
So-so Idea x Brilliant Execution = $50,000,000
Business Plan
Executive Summary
One Pager --> Angel soft creates this. 140 characters?
Create an email pitch.
You must network to get cash for your idea.
Create a presentation
Create a video
What is your elevator pitch
The elevator pitch
what's exciting
what you do
who you are
keep it simple
aim for 30 seconds
have it down cold!
Wednesday, August 4, 2010
Tom Byers - High-Growth Technology Ventures - Stanford
The relationship between Stanford and Silicon Valley is just amazing, it's been going on for decades. It's an amazing ecosystem of innovation and company creation.
Top 10 Elements of Technology Entrepreneurship for High-Growth Innovation
Built to Last:
Good to Great
Ideas: Product and Market Strategy
Talent: Team and Culture
Capital: Cash Flow and Venture Finance
The best time to start a company is during a down turn.
Environment and Sustainability
Security and Economic stability
Digital and Physical infrastructure
Human Health and Education
Waves of Innovation:
1st, 2nd, 3rd, 4th, 5th, 6th wave.
What is your competitive positioning and how are you developing your partners and customers?
Blank's customer development model
Steve Blank
Show me that the customers really have this problem..... You need to make sure that customers really need this service..??
Articulate a customer development process to verify that you actually have a viable customer....
Crossing the Chasm
TYPES OF RISK:
(WHICH DO YOU HAVE. . . )
TEAM RISK
CAPITAL RISK
MARKET RISK
TECHNOLOGICAL RISK
Bill Sahlman
Entrepreneurial Skills presentation by David Rose
People
Financial Management
Management
Production
Operations
Financial Management
Sales
Angelsoft --> it took 4 years to get people to buy into the free use of the Angelsoft network.
what investors look for:
integrity
passion
experience
knowledge
skill
leadership
commitment
vision
realism
coachability
Angel investors fund about 2-3% of the people that approach them.
Venture Capitalists fund about 1 out of 400 businesses which approach them.
Bootstrapping businesses are absolutely the best way of creating a
business.
Scott Shane:
The Illusions of Entrepreneurship
Outliers have to be Hypomanic "enough"
Cultural tradition:
impacts the level of entrepreneurship:
In Italy if you fail you lose your social status
In England if you fail it's a BADD thing
In Silicon Valley if you fail, or quit your job, most people says "congratulations"
"Rewarding" and encouraging failure is vital to creating a tradition and culture of entrepreneurship - innovation.
Personal role models ---> find a personal role model
Opportunity
Training -->
The entrepreneurial life ---> What's it like???
It's definitely a challenge:
FLOW "in the moment" you "feel it" --> http://en.wikipedia.org/wiki/Flow_(psychology)
Work --> Requires a lot of it!
Dedication
Perseverance
Exhilaration
Agony --> bankruptcy is not fun... It took 5 years to get angel soft accepted...
Accomplishment
Failure
Sacrifice --> find balance don't sacrifice your relationships
Control --> you have control and a flexible schedule
Powerlessness --> it's a big world out there which you don't have control over.
Extraordinary Satisfaction -->
The Entrepreneurial Spectrum:
Natural --- Ready -- Potential -- Fearful -- Never
(Richard Branson) most in the middle (scared)
Entrepreneurial training --> can move most people from never, toward fearful toward ready....
singularityu David Rose --> The flow of entrepreneurship: The appropriate level of challenge http://ping.fm/Zxwq7(psychology)
Monday, August 2, 2010
Friday, July 30, 2010
Thursday, July 29, 2010
Wednesday, July 28, 2010
Tuesday, July 27, 2010
singularityu Marissa Mayer + Tim Brown + Randy K; Google + IDEO + Kleiner Perkins = awesome http://ping.fm/Ifigz
singularityu - GBN - Rockefeller Foundation Report on technology impact on the world http://ping.fm/F9WfL
singularityu - GBN - REACH - companies are now responsible for the environmental safety of the chemicals they produce http://ping.fm/DsRrA
Monday, July 26, 2010
4 Ways to access a conditional probability
Conditional Probabilities:
- Sleep on it
- Kinesilogy thumb and pinky? Salim --- no it's hard to come apart yes it's yes to come apart
http://en.wikipedia.org/wiki/Applied_kinesiology
Yes, no, maybe, I don't know - Men vs women leadership --> how do you instill this in other people... ask a woman... volume of the "Inner voice..."
- ?
singularityu Why Smart People Make Big Money Mistakes--and How to Correct Them: Lessons from the New Science of Behavioral Economics http://ping.fm/KxTOi
singularityu - John Gage - Awesome data visualization - trend analyzer: http://ping.fm/XMKfo
http://ping.fm/qyYzA
http://ping.fm/qyYzA
singularityu - Paul Saffo - I'm concerned that there could be a new religion; we are long over due for one, and I believe it could happen in the next 20-30 years http://ping.fm/fzesM
Thursday, July 22, 2010
Wednesday, July 21, 2010
singularityu Peter D: MIT-based team wins DARPA's Red Balloon Challenge, demonstrates power of social networks (and cold hard cash) http://ping.fm/kBvmT
singularityu So sad, we heard him speak last week even: Stephen Schneider, a leading climate expert, dead at 65
http://ping.fm/wRc66
http://ping.fm/wRc66
Tuesday, July 20, 2010
singularityu - Daniel Kammen - Nobel Prize winner speaking at Singularity University this morning http://ping.fm/RYTqC
Sunday, July 18, 2010
Dean Kamen - segway inventor - notes from singularity university
I wanted to share some of this stuff. I've never been more inspired by a guy than listening to Dean Kamen give a 2 hr lecture, and q/a session. He received the only standing ovation at SU so far this summer. The quotes are worth a read
Steve
_______________________________________________
This man is legend.
But don't take my word for it, ask Wikipedia: http://en.wikipedia.org/wiki/Dean_Kamen
Here are some gems from last night's address:
When asked about pursuing an idea: "You need to answer three questions: Is it crazy? (The answer should be yes it's crazy for 50% of the people and a great idea for 50 of the people). How long will it take and how much will it cost? If it works, will it be a really big deal?"
On the state of the world: "Instead of building Weapons of Mass Destruction, we should be building Weapons of Mass Construction."
On the lengthy FDA process to take a medical device to market, referring to dialysis machines: "Essentially, you need to turn indefensible to indispensable."
On inviting political figures to attend FIRST (Dean Kamen's league for young scientists & technologists, which stands for: For Inspiration & Recognition of Science & Technology; see www.usfirst.org): "Presidents are very unreliable people. They have world events screwing up their affairs...and vice-versa."
On deliberately avoiding marketing/business to concentrate on inventing: "The biggest challenge I have with bringing something to scale is convincing someone else to bring it to scale."
When asked what he has left to invent: "The only thing that I'd like to invent that I haven't invented yet is a time machine."
On failure: "Keep kissing frogs. Sure, you'll get a lot of warts...but once in a while, you'll find your prince or princess."
On choosing to invent and work on multiple projects and give the marketing rights/revenues to other companies: "Take your little bit...and get it from a lot of places."
On his corporate policy: "There is only one: use good judgment."
On process: "I fight like hell to keep process out of it."
On valuing experience: "Treat people fairly - not equally."
Also - quoted within his talk:
"FIRST is the only sport where everybody has the opportunity to turn pro." - Past CEO of British Aerospace (paraphrased)
"FIRST...like the WWF - for smart people." - George H. Bush, 41st president of the United States
"Education is not filling a pail - it's lighting a fire." - William Butler Yeats
Dean - it was an honor.
Friday, July 16, 2010
singularityu Ralph Merkle: Project Orion: nuclear propulsion for space via atom bombs http://ping.fm/K8JB3(nuclear_propulsion)
singularityu Cryonics is a technique designed to save lives and greatly extend lifespan. http://ping.fm/fujZ0
Thursday, July 15, 2010
singularityu: Dan Vorhaus --> The Combined DNA Index System (CODIS) is a DNA database funded by the United States Federal Bureau of Investigation (FBI). It is a computer system that stores DNA profiles http://ping.fm/WYEGo
singularityu: Dan Vorhaus --> Great book on medical ethics and aging: The Immortal Life of Henrietta Lacks http://ping.fm/ETEy4
singularityu: William Haseltine --> George W. Bush's commitment to help fight AIDS in africa --- PEPFAR - Emergency Plan http://ping.fm/Cyfpk's_Emergency_Plan_for_AIDS_Relief
singularityu: Daniel Kraft --> Four people are going to try to quit smoking this summer at SU with a couple weeks of help via Zyban http://ping.fm/I4Bk6
singularityu: Keith Murphy --> Organovo Develops First Commercial 3D Bio-Printer for Manufacturing Human Tissue and Organs http://ping.fm/5GiXE
singularityu: Keith Murphy --> Research may pave the way for future research to eventually create entire replacement organs based on the patient's own cells http://ping.fm/7n7ZH
singularityu: Keith Murphy --> The idea of biological organ development is decades old http://ping.fm/7Qu4D
Phillip Low - Neuromonitoring Technology, disease and the iBrain
Electroencephalography (EEG) is the recording of electrical activity along the scalp produced by the firing of neurons within the brain.[2] In clinical contexts, EEG refers to the recording of the brain's spontaneous electrical activity over a short period of time, usually 20–40 minutes, as recorded from multiple electrodes placed on the scalp
Wednesday, July 14, 2010
singularityu Jack Hidary: Car sharing. . . Drive Mint --> http://ping.fm/G3zky
Connect by hertz --> http://ping.fm/g01eU
Connect by hertz --> http://ping.fm/g01eU
Tuesday, July 13, 2010
singularityu: Pete Worden: Planning to enable low earth orbit via commercial companies such as Spacex http://www.spacex.com/
Monday, July 12, 2010
State of the Art: AI Engines
Google - A "Search Engine"
Wolfram Alpha "A Compute Engine"
True Knowledge "Inference Engine"
IBM's Deep QA "Entity Retrieval Engine
SIRI Virtual Personal Assistant "Do Engine" (now owned by apple!)
singularityu Adam Cheyer: IBM's watson to take on humans in the game of Jeopardy! http://ping.fm/sDiNB
Saturday, July 10, 2010
singularityu Gregg Maryniak --> Antimatter as a power source! http://ping.fm/8f7l8
http://ping.fm/FMZMB
http://ping.fm/FMZMB
singularityu Gregg Maryniak --> the world’s first commercially produced ‘Electric Aircraft’ http://ping.fm/cRK60
singularityu The worlds fastest computers
Top 500 Graph --> http://ping.fm/wgK9v
Wiki -->
http://ping.fm/c9KqL
Top 500 Graph --> http://ping.fm/wgK9v
Wiki -->
http://ping.fm/c9KqL
Friday, July 9, 2010
singularityu - Kevin Marks --> Pubsubhubbub server-to-server web-hook-based publish/subscribe protocol http://ping.fm/iCFrO
singularityu Raph Merkle --> Nanofactory Website http://ping.fm/W8MYM
Nanofactory Collaboration
http://ping.fm/1MsOh
Nanofactory Collaboration
http://ping.fm/1MsOh
Thursday, July 8, 2010
singularityu Microsoft's computational user interface group which is working on Skinput --> http://ping.fm/SHm59
singularityu QuestBridge: scholarships for high-achieving low-income students http://ping.fm/y0SsP http://ping.fm/Owf1h
The story of data storage for Google at Stanford via IBM
I just talked to someone who told me the story of how Google initially got storage capability for indexing the web at Stanford, and the relationship between Stanford, IBM, and Larry / Sergey in this undertaking.
singularityu being motivated and hearing words of wisdom from Buzz Aldrin the second person to set foot on the moon!!
http://ping.fm/CnEqq
http://ping.fm/CnEqq
singularityu - David Ewing Duncan:
Personalized health project. . . http://ping.fm/91w2y
Personalized medicine:
http://ping.fm/h2ubt
Personalized health project. . . http://ping.fm/91w2y
Personalized medicine:
http://ping.fm/h2ubt
fMRI Scans can determine a level of brain activity for....
Impulsiveness
Risk-Taking
Green
Altruism
Politics
Belief in God
Love
Memory
singularityu Personal genetic testing companies: http://ping.fm/qpyhh http://ping.fm/AM2ly
http://ping.fm/eVIrK
http://ping.fm/eVIrK
singularityu - David Ewing Duncan: The age of personalized health care is about to begin...
http://ping.fm/HMyOj
http://ping.fm/HMyOj
Neuroprosthesis & Evolving Neuro-Technologies
WORLDWIDE HUMAN DISEASE BURDEN... HOW CAN WE SOLVE SOME OF THESE PROBLEMS MEDICALLY...
ANXIETY DISORDERS
OBESITY
CHRONIC PAIN
DEPRESSIVE DISORDERS
SLEEP DISORDERS
ECONOMIC BURDEN OF DISEASE...
NEUROPLASTICITY BASED TRAINING - video/games
FAST FORWORD --> REMEDIATION SOFTWARE
BRAIN AGE --> GAMES
POSIT SCIENCE --> REVERSAL OF AGING-RELATED DECLINE
fMRI based brain reading today
singularityu - Chris DeCharms: JFK space speech, "We chose to goto the moon, not because it's easy, but,because it's hard" --> http://ping.fm/5hp2S
Neuroscience Overview and Brain Scanning Technology
The big questions of the Brain and Nervous system. . .
CHOICE
CONSCIOUSNESS
LEARNING / MEMORY
PLASTICITY
CARTOGRAPHY
LANGUAGE
PERCEPTION
ACTION
NEURAL FUNCTION
NEURAL CODING
SLEEP
MOTIVATION
PLANNING / EXECUTION CONTROL
BODY AND WORLD
DISEASE
When we control our own minds and brains where will it lead?
LOVE
CHOICE
TRUTH
BRILLIANCE
VISION
PAIN
FEAR
JOY
FREE WILL...
Brain Training - Potential Applications...
- ELIMINATE DISEASES
- ENHANCE PERFORMANCE.
Brain organization.. SPATIALLY ORGANIZED
LANGUAGE PRODUCTION
HEARING
LANGUAGE RECEPTION
HIGHER COGNITION
VISION
CONSCIOUSNESS DOESN'T HAVE A PLACE IN THE BRAIN...
IT IS NOT A LOCALIZED PROCESS IN THE BRAIN... IT'S VERY COMPLEX...
MEISSNER CORPUSCLES
PACINIAN CORPUSCLES
SENSORY MAPS..
CERVICAL
THORACIC
LUMBAR
SACRA
SLEEP AN 8 HOUR MYSTERY..
AWAKE
STAGE 1
STAGE 2
STAGE 3
STAGE 4
RAPID EYE MOVEMENT (REM) SLEEP SHOWN IN PURPLE
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