10 Insights for Anyone Who Really Wants to Change the World


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If You Really Want to Change the World Powered by


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This presentation consists of highlights from the interview with Moe Abdou, founder & host of 33voices®.


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Norman Winarsky & Henry Kressel Co-authors of ‘If You Really Want to Change the World @normanwinarsky Norman Winarsky was President of SRI Ventures at SRI International, a world-renowned research institute. Henry Kressel served as a senior partner and managing director at Warburg Pincus, a leading global private equity firm, for more than thirty years.


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Insight #1 Observe the most successful breakthrough ventures and you’ll notice these four ingredients:


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Insight #1 Observe the most successful breakthrough ventures and you’ll notice these four ingredients: A large market opportunity with potential for rapid growth


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Insight #1 Observe the most successful breakthrough ventures and you’ll notice these four ingredients: An outstanding team capable of execution


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Insight #1 Observe the most successful breakthrough ventures and you’ll notice these four ingredients: A differentiated technology or business solution that trumps the competition


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Insight #1 Observe the most successful breakthrough ventures and you’ll notice these four ingredients: A value proposition and business plan that articulate the company’s value, strategy, and plan to attract the required capital


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Insight #2 Pursue bigger problems: Market pain = Market opportunity Greater pain = greater opportunity


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Insight #3 A good way to think of a product is that it is a representation of the genius of the people who created it. A great team can create a great product. A mediocre team will always create a mediocre product.


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Insight #4 The start-up team needs to have the leadership, market and operational skills necessary to execute the plan. They’re different than management teams in that:


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Insight #4 The start-up team needs to have the leadership, market and operational skills necessary to execute the plan. They’re different than management teams in that: They get paid less, having their ultimate financial reward tied to equity


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Insight #4 The start-up team needs to have the leadership, market and operational skills necessary to execute the plan. They’re different than management teams in that: They are problem solvers and risk takers not dependent on the infrastructure of a big company to get their job done.


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Insight #4 The start-up team needs to have the leadership, market and operational skills necessary to execute the plan. They’re different than management teams in that: They expect to work day and night, seven days a week


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Insight #5 You can’t build a great company without great leadership. Famed venture capitalist, Vinod Khosla bets on CEOs with bold visions: “It’s not about people who have focus groups to determine products - which reduces everything to mediocrity…” he said “…It’s not about consensus or common opinions. Steve jobs famously ignored consensus advice. The development of really new product concepts is done by vision, not by process. It’s about vision, passion, and the courage of convictions.”


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Insight #6 Beware of the Pivot, for as Mike Moritz once said, “pivot means you’ve failed. It’s not that you shouldn’t have to move on sometimes, but it shouldn’t be a strategy.”


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Insight #7 When raising capital, it’s wise to focus on a few early investors, and add others once as the initial group opts out. During your first discussion, tailor your presentation to answer these three questions:


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Insight #7 When raising capital, it’s wise to focus on a few early investors, and add others once as the initial group opts out. During your first discussion, tailor your presentation to answer these three questions: Do you have a compelling vision and value proposition?


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Insight #7 When raising capital, it’s wise to focus on a few early investors, and add others once as the initial group opts out. During your first discussion, tailor your presentation to answer these three questions: Are you and your team passionate and unrelenting in your commitment to the vision?


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Insight #7 When raising capital, it’s wise to focus on a few early investors, and add others once as the initial group opts out. During your first discussion, tailor your presentation to answer these three questions: Are you and your team capable of executing?


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Insight #8 The most common venture killers are avoidable. Here are five fatal mistakes of start-ups:


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Insight #8 The most common venture killers are avoidable. Here are five fatal mistakes of start-ups: Failing to know your customer


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Insight #8 The most common venture killers are avoidable. Here are five fatal mistakes of start-ups: Keeping the wrong CEO


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Insight #8 The most common venture killers are avoidable. Here are five fatal mistakes of start-ups: Mismanaging finances


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Insight #8 The most common venture killers are avoidable. Here are five fatal mistakes of start-ups: Being overconfident


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Insight #8 The most common venture killers are avoidable. Here are five fatal mistakes of start-ups: Failing to anticipate future industry developments


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Insight #9 Too many companies fail to renew themselves, and slowly die. Follow these seven principles to ensure the future of your venture:


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Insight #9 Too many companies fail to renew themselves, and slowly die. Follow these seven principles to ensure the future of your venture: Start at the top and encourage your team to take risks


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Insight #9 Too many companies fail to renew themselves, and slowly die. Follow these seven principles to ensure the future of your venture: Know how to manage exceptionally creative people by transforming their ideas into commercial value


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Insight #9 Too many companies fail to renew themselves, and slowly die. Follow these seven principles to ensure the future of your venture: Establish a culture that motivates and innovators


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Insight #9 Too many companies fail to renew themselves, and slowly die. Follow these seven principles to ensure the future of your venture: Establish a common language and process


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Insight #9 Too many companies fail to renew themselves, and slowly die. Follow these seven principles to ensure the future of your venture: Create centers of innovations to assess opportunities in the marketplace


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Insight #9 Too many companies fail to renew themselves, and slowly die. Follow these seven principles to ensure the future of your venture: Encourage innovation at all levels


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Insight #9 Too many companies fail to renew themselves, and slowly die. Follow these seven principles to ensure the future of your venture: Innovate continuously


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Insight #10 If you set out to build a truly enduring business, remember these words from Pericles, “What you leave behind is not what is engraved in stone monuments, but what is woven into the lives of others.”


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Reflect: What criteria do you use for selecting a capital partner? tweet us!


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Get the book


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If you have a question, submit it to 33voices Q&A for a direct answer from one of our founders or thought leaders.


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CONNECT WITH US! Tell us what you think [email protected] Presentation created by Chase Jennings Insights by Moe Abdou


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LEARN MORE


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