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wait to have a good idea before you wait to have a good idea before you start a startup if you start a startup start a startup if you start a startup start a startup if you start a startup without a good idea um and you just kind without a good idea um and you just kind
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wait to have a good idea before you start a startup if you start a startup
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start a startup if you start a startup
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start a startup if you start a startup without a good idea um and you just kind
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without a good idea um and you just kind
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without a good idea um and you just kind of cast around for one you'll be under of cast around for one you'll be under of cast around for one you'll be under pressure to make something up it won't pressure to make something up it won't
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of cast around for one you'll be under
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of cast around for one you'll be under pressure to make something up it won't
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pressure to make something up it won't
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pressure to make something up it won't work that well the very best startups work that well the very best startups work that well the very best startups are all started because someone believes are all started because someone believes are all started because someone believes so passionately in an idea and they so passionately in an idea and they
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work that well the very best startups
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work that well the very best startups are all started because someone believes
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are all started because someone believes
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are all started because someone believes so passionately in an idea and they
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so passionately in an idea and they
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so passionately in an idea and they believe that a startup is the best way believe that a startup is the best way believe that a startup is the best way to make that to make that to make that happen one of the things that is really happen one of the things that is really
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believe that a startup is the best way
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believe that a startup is the best way to make that
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to make that
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to make that happen one of the things that is really
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happen one of the things that is really
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happen one of the things that is really hard about good ideas is that original hard about good ideas is that original hard about good ideas is that original thought is really hard most people just thought is really hard most people just thought is really hard most people just copy somebody else's thoughts most copy somebody else's thoughts most
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hard about good ideas is that original
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hard about good ideas is that original thought is really hard most people just
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thought is really hard most people just
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thought is really hard most people just copy somebody else's thoughts most
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copy somebody else's thoughts most
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copy somebody else's thoughts most people do what somebody else is doing people do what somebody else is doing people do what somebody else is doing and this is disastrous because if you and this is disastrous because if you and this is disastrous because if you have one idea that starts to work and
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people do what somebody else is doing
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people do what somebody else is doing and this is disastrous because if you
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and this is disastrous because if you
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and this is disastrous because if you have one idea that starts to work and
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have one idea that starts to work and have one idea that starts to work and you have 10,000 clones that follow it you have 10,000 clones that follow it you have 10,000 clones that follow it none of you are going to be successful none of you are going to be successful
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have one idea that starts to work and you have 10,000 clones that follow it
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you have 10,000 clones that follow it
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you have 10,000 clones that follow it none of you are going to be successful
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none of you are going to be successful
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none of you are going to be successful and the person that started first that and the person that started first that and the person that started first that you all copied is very likely to win you you all copied is very likely to win you
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and the person that started first that
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and the person that started first that you all copied is very likely to win you
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you all copied is very likely to win you
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you all copied is very likely to win you know in the year after Facebook started know in the year after Facebook started know in the year after Facebook started there were well over a th000 social there were well over a th000 social there were well over a th000 social networks that started in the year after
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know in the year after Facebook started
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know in the year after Facebook started there were well over a th000 social
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there were well over a th000 social
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there were well over a th000 social networks that started in the year after
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networks that started in the year after networks that started in the year after Instagram started there were well over a Instagram started there were well over a Instagram started there were well over a thousand photo sharing apps that started thousand photo sharing apps that started
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networks that started in the year after Instagram started there were well over a
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Instagram started there were well over a
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Instagram started there were well over a thousand photo sharing apps that started
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thousand photo sharing apps that started
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thousand photo sharing apps that started but you want to do something that is new but you want to do something that is new but you want to do something that is new and different you want to think of an and different you want to think of an
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but you want to do something that is new
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but you want to do something that is new and different you want to think of an
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and different you want to think of an
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and different you want to think of an idea that's not the same idea everybody idea that's not the same idea everybody idea that's not the same idea everybody else is working on else is working on else is working on um the year that I joined the board of um the year that I joined the board of
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idea that's not the same idea everybody
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idea that's not the same idea everybody else is working on
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else is working on
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else is working on um the year that I joined the board of
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um the year that I joined the board of
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um the year that I joined the board of helon which is a nuclear fusion company helon which is a nuclear fusion company helon which is a nuclear fusion company um according to somebody's count there um according to somebody's count there um according to somebody's count there were 10,000 photo startups of some sort
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helon which is a nuclear fusion company
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helon which is a nuclear fusion company um according to somebody's count there
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um according to somebody's count there
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um according to somebody's count there were 10,000 photo startups of some sort
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were 10,000 photo startups of some sort were 10,000 photo startups of some sort or other started that year and one or other started that year and one or other started that year and one nuclear fusion startup started which nuclear fusion startup started which nuclear fusion startup started which seemed a little bit off to me um but I
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were 10,000 photo startups of some sort or other started that year and one
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or other started that year and one
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or other started that year and one nuclear fusion startup started which
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nuclear fusion startup started which
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nuclear fusion startup started which seemed a little bit off to me um but I
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seemed a little bit off to me um but I seemed a little bit off to me um but I think most people just do what everybody think most people just do what everybody think most people just do what everybody else is doing right then noticing else is doing right then noticing
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seemed a little bit off to me um but I think most people just do what everybody
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think most people just do what everybody
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think most people just do what everybody else is doing right then noticing
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else is doing right then noticing
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else is doing right then noticing problems in your own life is is problems in your own life is is problems in your own life is is certainly a good way to do this um it's certainly a good way to do this um it's certainly a good way to do this um it's not true that all successful startups
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problems in your own life is is
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problems in your own life is is certainly a good way to do this um it's
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certainly a good way to do this um it's
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certainly a good way to do this um it's not true that all successful startups
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not true that all successful startups not true that all successful startups are sted to solve a problem that the are sted to solve a problem that the are sted to solve a problem that the founders have themselves but is a very founders have themselves but is a very
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not true that all successful startups are sted to solve a problem that the
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are sted to solve a problem that the
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are sted to solve a problem that the founders have themselves but is a very
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founders have themselves but is a very
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founders have themselves but is a very high percentage if you really go back high percentage if you really go back high percentage if you really go back and think about the transformational and think about the transformational and think about the transformational companies um most of them start with companies um most of them start with
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high percentage if you really go back
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high percentage if you really go back and think about the transformational
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and think about the transformational
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and think about the transformational companies um most of them start with
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companies um most of them start with
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companies um most of them start with someone solving their own someone solving their own someone solving their own problem and then there's this idea of a problem and then there's this idea of a problem and then there's this idea of a Great Wave which is that another thing Great Wave which is that another thing
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someone solving their own
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someone solving their own problem and then there's this idea of a
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problem and then there's this idea of a
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problem and then there's this idea of a Great Wave which is that another thing
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Great Wave which is that another thing
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Great Wave which is that another thing you notice if you go back and look at you notice if you go back and look at you notice if you go back and look at all the really successful companies is all the really successful companies is all the really successful companies is there was this massive wave of
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you notice if you go back and look at
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you notice if you go back and look at all the really successful companies is
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all the really successful companies is
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all the really successful companies is there was this massive wave of
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there was this massive wave of there was this massive wave of Technology Technology Technology coming you could see it in the distance coming you could see it in the distance coming you could see it in the distance and you knew was going to just like and you knew was going to just like
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there was this massive wave of Technology
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Technology
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Technology coming you could see it in the distance
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coming you could see it in the distance
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coming you could see it in the distance and you knew was going to just like
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and you knew was going to just like
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and you knew was going to just like crash over the shore and through the crash over the shore and through the crash over the shore and through the city and you got out there early on your city and you got out there early on your
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crash over the shore and through the
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crash over the shore and through the city and you got out there early on your
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city and you got out there early on your
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city and you got out there early on your surfboard um so I think it's really hard surfboard um so I think it's really hard surfboard um so I think it's really hard to create a technology wave as a startup to create a technology wave as a startup
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surfboard um so I think it's really hard
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surfboard um so I think it's really hard to create a technology wave as a startup
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to create a technology wave as a startup
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to create a technology wave as a startup that takes too much too many resources that takes too much too many resources that takes too much too many resources you can't do that but what you can do is you can't do that but what you can do is
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that takes too much too many resources
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that takes too much too many resources you can't do that but what you can do is
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you can't do that but what you can do is
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you can't do that but what you can do is notice that a wave is coming and notice that a wave is coming and notice that a wave is coming and University students are particularly University students are particularly University students are particularly good at this you can notice that a good at this you can notice that a
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notice that a wave is coming and
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notice that a wave is coming and University students are particularly
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University students are particularly
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University students are particularly good at this you can notice that a
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good at this you can notice that a
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good at this you can notice that a technological wave is coming um and technological wave is coming um and technological wave is coming um and while other people still think it's a while other people still think it's a while other people still think it's a toy or not going to matter you can
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technological wave is coming um and
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technological wave is coming um and while other people still think it's a
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while other people still think it's a
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while other people still think it's a toy or not going to matter you can
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toy or not going to matter you can toy or not going to matter you can really get conviction behind it and surf really get conviction behind it and surf really get conviction behind it and surf somebody else's wave and this by the way somebody else's wave and this by the way
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toy or not going to matter you can really get conviction behind it and surf
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really get conviction behind it and surf
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really get conviction behind it and surf somebody else's wave and this by the way
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somebody else's wave and this by the way
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somebody else's wave and this by the way I think is the reason that great compan I think is the reason that great compan I think is the reason that great compan there tends to be these clusters in time there tends to be these clusters in time
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I think is the reason that great compan
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I think is the reason that great compan there tends to be these clusters in time
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there tends to be these clusters in time
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there tends to be these clusters in time when a lot of great companies when a lot of great companies when a lot of great companies started so you know when the the started so you know when the the started so you know when the the internet wave happened in the the mid to
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when a lot of great companies
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when a lot of great companies started so you know when the the
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started so you know when the the
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started so you know when the the internet wave happened in the the mid to
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internet wave happened in the the mid to internet wave happened in the the mid to late 90s um you had a huge cluster of late 90s um you had a huge cluster of late 90s um you had a huge cluster of companies that are now very large Amazon companies that are now very large Amazon
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internet wave happened in the the mid to late 90s um you had a huge cluster of
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late 90s um you had a huge cluster of
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late 90s um you had a huge cluster of companies that are now very large Amazon
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companies that are now very large Amazon
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companies that are now very large Amazon Google um Yahoo I guess uh others um and Google um Yahoo I guess uh others um and Google um Yahoo I guess uh others um and and then when the mobile wave happened and then when the mobile wave happened
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Google um Yahoo I guess uh others um and
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Google um Yahoo I guess uh others um and and then when the mobile wave happened
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and then when the mobile wave happened
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and then when the mobile wave happened after after the iPhone came out 20072 after after the iPhone came out 20072 after after the iPhone came out 20072 2008 you had this other big wave of uber 2008 you had this other big wave of uber
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after after the iPhone came out 20072
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after after the iPhone came out 20072 2008 you had this other big wave of uber
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2008 you had this other big wave of uber
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2008 you had this other big wave of uber Airbnb Snapchat um Instagram WhatsApp in Airbnb Snapchat um Instagram WhatsApp in Airbnb Snapchat um Instagram WhatsApp in this short period of time right after this short period of time right after this short period of time right after this this new wave started and a really
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Airbnb Snapchat um Instagram WhatsApp in
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Airbnb Snapchat um Instagram WhatsApp in this short period of time right after
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this short period of time right after
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this short period of time right after this this new wave started and a really
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this this new wave started and a really this this new wave started and a really good question to ask is what is the wave good question to ask is what is the wave good question to ask is what is the wave that's starting right now and where is that's starting right now and where is
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this this new wave started and a really good question to ask is what is the wave
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good question to ask is what is the wave
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good question to ask is what is the wave that's starting right now and where is
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that's starting right now and where is
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that's starting right now and where is the cluster of companies because we're the cluster of companies because we're the cluster of companies because we're about due for another one where's that about due for another one where's that about due for another one where's that going to going to going to be
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the cluster of companies because we're
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the cluster of companies because we're about due for another one where's that
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about due for another one where's that
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about due for another one where's that going to
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going to
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going to be
