startupdigest in colombia
DESCRIPTION
A talk I gave at the University de National in Bogota, ColombiaTRANSCRIPT
![Page 1: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/1.jpg)
“Life is too short to work at a boring company”
Colombia | October 6, 2011
![Page 2: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/2.jpg)
1. What Startup Life is like2. Game3. MVP’s4. Multidisciplinary learning5. What University gives you– Not what you expect
6. Questions7. Short explanation of Silicon Valley– Past / History– Present / Culture
![Page 3: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/3.jpg)
Words of Caution
• Yo no hablo Español• This is about high growth tech startups• I am not university trained in all the
topics I bring up• Some of this might be challenging to the
current education model
![Page 4: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/4.jpg)
Background
![Page 5: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/5.jpg)
Events by city in 67 citiesArticles by skill and markets
StartupDigest
![Page 6: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/6.jpg)
0
50,000
100,000
150,000
200,000
250,000
300,000
StartupDigest
![Page 7: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/7.jpg)
Frank Denbow > NYC
Dan Rosen > Payments
Herman Ng > Product Manager
Curators
![Page 8: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/8.jpg)
What is “curating”
Picking the best stuff
![Page 9: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/9.jpg)
![Page 10: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/10.jpg)
Startu
pSo
cial
NYCDesi
gn
Gaming
Retail
London
Health
Educati
on
Wash
ington DC
Paris
IndiaBizd
ev
Toro
nto
Marketi
ng
Shan
ghai
Beijing
Sydney
San Dieg
o
Philadelp
hia
Baltimore
Montreal
Dallas
Copenhag
en Italy
Silico
n Prairie
Cape T
own
Indianap
olis
Buenos A
ires
Pittsburgh
New O
rlean
s
Malaysi
a
Portlan
d
Michiga
n
Netherl
ands
Lexingto
n
Cincinnati
Barcelo
na
Genev
a
Czech Rep
ublic0
5000
10000
15000
20000
25000
30000
![Page 11: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/11.jpg)
Fun part of Startup Life
![Page 12: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/12.jpg)
![Page 13: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/13.jpg)
![Page 14: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/14.jpg)
![Page 15: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/15.jpg)
Learn
![Page 16: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/16.jpg)
Normal Path
![Page 17: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/17.jpg)
Entrepreneurship
![Page 18: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/18.jpg)
Game
![Page 19: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/19.jpg)
Minimal Viable Product
Absolute simplest & efficient way to test a hypothesis.
while Traction is not True:Idea = HypothesisExperiment = MarketTraction = True or FalseIdea + Experiment = Traction
![Page 20: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/20.jpg)
Caution
MVP is not a startup, it’s step 0
![Page 21: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/21.jpg)
Entrepreneurship is a game about learning
![Page 22: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/22.jpg)
Multidisciplinary
Math student, Math graduate, Math post-doc.
Everything will look like a math problem to you.
This is not true.
![Page 23: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/23.jpg)
Multidisciplinary
1. Engineering• Computer science, Thermodynamics,
2. Design• Contrast, alignment,
3. Psychology• Social proof, reciprocity
4. Mathematics• Statistics, power law,
5. Business• Accounting, economics
![Page 24: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/24.jpg)
Engineering*
Easier: Engineering > BusinessHarder: Business > Engineering
Absolute must if you are starting an internet
company
![Page 25: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/25.jpg)
Best way to learn new skills
• Khanacademy.com
![Page 26: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/26.jpg)
University – Doesn’t do what you think
1. Not skills2. Not funding3. Not a path
What it does:4. Team5. Situation (Debt, Marital, Risk)6. Time (Curiosity, Serendipity)
![Page 27: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/27.jpg)
![Page 28: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/28.jpg)
Action Items
1. Take 1 class not related to your major or watch Khan Academy
2. Try one Minimal Viable Product
3. Work at something you are excited about this summer, think about what that is now.
![Page 30: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/30.jpg)
Do I need to move to Silicon Valley?
What is traction?
Do I need to raise money? What’s next after the MVP?
How do I learn about new subjects?
How do I learn programming?
Who taught you the multidisciplinary learning?
What if my advisors won’t let me take other classes?
How else can I get started now?
How does SD make money?
![Page 31: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/31.jpg)
![Page 32: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/32.jpg)
History
![Page 33: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/33.jpg)
Leland Stanford1824-1983 “Robber Barron”Founder of Stanford
![Page 34: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/34.jpg)
• Bell Telephone Laboratories • Hewlett-Packard• Shockley Semiconductor > Farchild
Semiconductor > Intel
• PayPal, Google, Facebook
![Page 35: StartupDigest in Colombia](https://reader036.vdocument.in/reader036/viewer/2022081602/555a47ced8b42ae1398b5279/html5/thumbnails/35.jpg)
Silicon Valley Culture
• “Pay it forward”• Non-Materialism• Founders investing in Founders• Sharing (Hippy)• Variation• Most Important:– Very high “social pressure”