Tuesday, March 10, 2009

Overheard in Silicon Valley


If my previous post was an indication of summarizing my daily lessons learned in the Valley, yes, I slacked off. I was busy learning about many things, and I would like to share some lessons learned with my readers. Mostly just brain dump of various things, but I'll try to bucket them into different categories.



Economy

  • It's tough out there (quite frankly, everywhere these days), but productivity is WAY up stemming from low burn rate and increased work hours.
  • Growth is still the king. Monetization can happen when the economy recovers
  • (somewhat of a contradiction to the above) "Product, product, product. Growth later, please"
  • Not that many companies feeling the pains in a tangible way. They just want to stay low until somebody else brave (or dumb) enough makes a big move.

Startup/Company Gossips
  • Silicon Valley needs the next Google (awesome product with real revenue stream [not just a proven revenue model]) real soon
  • Semiconductor industry is about to enter the most difficult times in its history
  • SV always talks about SV, Boston talks about Boston vs. SV
  • "Recycling" high valuation deals is somewhat of a trend
  • Angels are busier than ever
  • Facebook's talent hemorrhage is a big contrast to its predecessors like Google, Yahoo, etc.
  • Entrepreneurs here live on dreams, elsewhere driven by reality
  • Lots of excitement around Palm Pre. Most of the design features actually got "stolen" from another company
  • While operational experience is highly respected, venture business is really about accessibility to deals
  • New York's rise to stardom in entrepreneurship is noticeable from the other side of coast. With top-notch innovations and investors to enable the whole ecosystem
  • Boston's main competitive advantage is largely top academic institutions
  • Google fired some flamingos on the dinosaur sculpture, so that the employees can spend the time more productively

Other Stuff
  • Too many good restaurants contributing to accelerated weight gain. No wonder the weather is so good all year round. I needed to burn some calories all the time
  • Intuition is highly respected. Analytics, less so.

Too much to list all them out, but I'm sure I'll use some of the lessons learned in the future posts.
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