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Socrates

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Socrates Greek Philosopher Socrates and young man walking towards the river Socrates ducked him into water and boy is struggling to get out. – PowerPoint PPT presentation

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Title: Socrates


1
  • Socrates Greek Philosopher

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4
  • Socrates and young man walking towards the river

5
  • Socrates ducked
  • him into water
  • and boy is
  • struggling to get out. But he kept
  • him in water till
  • be turned blue

6
  • Young man gasp and takes a deep breath of Air

7
  • Socrates what did you want the most when you
    where there?
  • Boy Air
  • Socrates that is the secret to success. When
    you want success as badly as you wanted air, then
    only you will get it

8
  • There is no other secret.A burning desire is
    the starting point of all accomplishment.
  • Just like a small fire cannot give much heat, a
    weak desire cannot produce great results.

9
Building success into a high-tech start-up
John T. Preston
10
  • How one organize a start-up company is more
    important than the product in determining the
    success or failure
  • Attitude
  • Management Teams
  • Passionate Behavior
  • Investors
  • Investment Timing
  • Securing patents

11
Attitude
  • James Utterback, his friend from MIT was looking
    for radical innovation taken place in past 100
    years
  • And found no case in which market leader
    pioneered radical innovation thinking that it
    would cannibalize there existing products
  • Eg Software program 1-2-3 designed by Mitch
    Kapor, a student and offered to IBM but they
    missed the opportunity Paid 15000 times more
  • Eg William Orton rejected an offer to buy
    Alexander Graham Bells telephone patent for
    100,000 and described the invention as a
    scientific curiosity that would never have
    practical use.

12
Management Teams
  • Entrepreneurial behavior succeeds more often
    when performed by teams of complementary skills
  • A 30 year study found success increases
    dramatically with team size 4-5 entrepreneur
    founding the company
  • He observed that first-rate managers hire first-
    rate team but second-rate managers hire
    third-rate

13
Passionate Behavior
  • Passionate people overcome barrier
  • One key difference between Japan or European is
    that US company are much generous in giving stock
    options to their employee ie it gives sense of
    ownership
  • Eg Southwest Airlines pilot, copilot flight
    attendant clean the plane as they dont want to
    waste money by hiring cleaning crew.
  • Eg Sanjeev Bikhchandani, CEO of Naukri.com gave
    5 to his brother while he wanted to buy server,
    7 to programmer to develop a web-site and 9 to
    his friend for working with him

14
Investors
  • Key determents
  • 1. The quality of investors and the pace at which
    money flows
  • 2.Venture capitalists and whether they can
    provide adequate access to more money downstream.

15
Investment timing
16
  • A curve shows strategy of putting a small amount
    of money into company over long time and hoping
    it goes positive
  • radical innovation
  • 2 problem
  • Management spends time raising money instead of
    building money
  • A wide window of opportunity is opened for
    competitors
  • B curve enter and capture the market
  • incremental innovation

17
  • Thank You !!
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