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Alibaba IPO: Jack Ma's Original Sales Pitch in 1999
  • We should position Alibaba as a global website.Our competitors are not in China, but in Silicon Valley (overseas).
  • We’ve got to learn to work very hard. If we will come to work at 8am & leave at 5pm, Alibaba will never be successful.
  • Believe in yourself. “Chinese brains are just as good as theirs (American)”, “We can beat government agencies and big companies”
Steve Jobs talks about managing people
Summarize (2)
  • Apple is organized like a startup. We're the biggest startup on the planet
  • Teamwork is dependent on trusting others they would come up with their part
  • If you wanna hire great people, and have them stay with you, you have to be run by ideas not hierarchy
Beyond the Valley | TechCrunch
  • Somewhere a young entrepreneur is developing a product that will transform the way world thinks, works, plays, communicates etc. ...
  • Not all great ideas are born in Northern California, and not all great companies are headquartered there, either.
  • You need to find ways of attracting entrepreneurs to your city. Why? Because meaningful inventors create dynamic economies from scratch.
  • You won’t be able to start up a new Apple unless you can afford to pay $2.8 million for the median home value in Los Altos garage.
  • You’ll probably have to pay your first employees at least $116,000 — the average starting salary in tech
  • Ask yourself one question: How can you attract and retain a community of top-notch tech talent?
  • For tomorrow’s tech elite, it’s no longer a case of “Silicon Valley. Take a look at cities like New York, Austin, Boulder & Portland.
  • Only 400,000 American students will graduate with skills required to fill 1.4 million tech jobs that will be created by 2020.
Last night, I panicked. I was scared I’d been wrong. — Life Learning — Medium
  • Last night, I started freaking out, imagining the next ten-twenty years of my life, and questioning everything I’ve ever done.
  • I live on a swinging scale. I’m either on top of the world, or I’m in the grips of a clutching fear.
  • Every entrepreneur panics about their product, their staff, their investors, and a million other things.
  • I think there are too many people who try and present a smiling, sexy, happy, glamorous version of themselves online.
  • When deciding whether to start own business the failure was the only thing that scared the shit out of me. Failure, and nothing else.
  • I panic, and I get scared, and then I pull myself back up and remember that failure isn’t the end of the road.
“Sprints” — things I learned while doing them at Spotify. — Sprint Stories
  • What’s a Sprint? It’s a user-centered design methodology for teams to brainstorm and test solutions before building an idea.
  • If you’re leading the sprint, follow your timeline and know what you’re going to say before hand.
  • Make sure the decision maker believes in the purpose of the sprint.
  • Let everyone know (involved in the sprint) that any form of sketching is ok. It’s not a design contest.
  • If someone in the group is distracting your timeline don’t point them out specifically, just remind the group as whole to keep going.
  • When it‘s time to do user testing interviews with your prototype, I suggest you find a savvy friend that can help you run them
  • Make sure your record the interviews and share them with the rest your team, that couldn’t be part of the sprint.
Imagine Discovering That Your Teaching Assistant Really Is a Robot - WSJ
  • Students mostly couldn’t tell ‘Jill Watson’, who was their TA wasn’t human; ‘Yep!’
  • Shreyas Vidyarthi, student, ascribed human attributes to the TA—imagining her as a friendly Caucasian 20.
  • “Just when I wanted to nominate Jill Watson as an outstanding TA,” said Petr Bela.
  • “Our TAs are getting bogged down answering routine questions,” said Mr. Goel, students typically post 10,000 messages a semester.
  • Mr. Goel plans to tell students next year that one of their TAs is a computer, but won’t say which one.
The Daily Routines of 15 Successful Entrepreneurs — Product Hunt — Medium
  • Some successful entrepreneurs wake up by 4am; others don’t start the day until closer to 11am. Some exercise, daily, while others meditate.
  • Although there many differences between entrepreneurs, what is in common is that most of them have a routine of some kind.
  • "I try to do the things that I think are important, and be ruthless about not doing things that I don’t think are important."- Sam Altman
  • "I start every day by jumping in freezing cold water!"​ - Tony Robbins
  • I typically start each day meditating. Then each night, I write a list of the things I want to get done the next day. - Charlie Hoehn.
  • "Generally, I wake up and read email in bed for about 30 minutes; bad habit. I keep a list of about 50–60 issues" - Aaron Levie.
  • "4:20am: alarm, 4:40am-ish wake up, 5am walk dog, 5:45am yoga, then run to work. 6:45am: sauna at work; working by 8am. " - Amanda Kahlow.
  • "On average, I get about 7–7.25 hours a night. At < 6.5 hours, I’m sub-optimal. At < 6 hours, I’m non-functional." -Dharmesh Shah.
  • "I’m up every morning at 6am. Hot yoga at 6:30am. Breakfast meeting by 8:30am. Back-to-back meetings from 9am–6pm." - Steve Schlafman.
  • "I sleep from 11pm to 5am. I am up at 5am, meditate for 30 minutes, followed by a 7 minute workout times 3." -Jack Dorsey
Reid Hoffman discusses the company of the future
  • Hire those who have solved similar, analogical problems to the ones that your company faces.
  • Artificial intelligence is developing faster than most of us perceive.
  • Financial sector innovation is yet to happen. We would be surprised by the new applications that will come into existance.
  • Silicon Valley can learn more from the other existing businesses about marketing and branding.
  • AI and the intersection of biology & digital are two areas that Reid Hoffman focuses on nowadays.
About the Early Days of Facebook
  • Most of the most popular websites in the world have been started as a project, not as a company.
  • People who have started them have a clear understanding of a problem that they were solving. Luck was a big factor in their success.
  • The burn rate within the first 3 months was under $500.
  • What was unique about FB from the beginning is high retention rate that was growing as more users were joining.
  • No MBA needed to start a startup. More whether a person can figure out how things are done and to solve problems.
  • Culturally FB, Google and Microsoft have a lot in common.
  • User growth is the main thing FB focuses on nowadays.
Thiel: Google has $50B, doesn't innovate
  • Thiel: Google is a great company. On the other hand, they have no idea how to invest in technology effectively.
  • Schmidt: Solution to job problems is education.
  • Thiel: Google is out of ideas...Why don't you invest all the money into technology that would foster innovation?​
  • Schmidt: There many examples of innovations initiated by Google.