10 profound facts about innovation for 2015
DESCRIPTION
2015 will be the year of innovation, is your company prepared?TRANSCRIPT
“By 2020, more than three-quarters of the S&P 500 will be companies
we have not heard of yet.” !
-Professor Richard Foster, Yale University
1
-PwC study with 1,757 corporate executives
93% of executives are
looking to innovation to drive growth
2
-PwC study with 1,757 corporate executives
81% of executives do NOT
believe their organizations know
how to lead innovation
2
“Over the last ten years, 40 different billion-dollar startups were
founded.” !
-Aileen Lee, Cowboy Ventures
3
“Facebook is now worth more than Disney, Coca-Cola, and Intel.”
!-Matt Phillips, QZ.com July 2014
4
“A gigabyte of storage in 1993 cost over $9,000. Now it’s a mere 4
cents.” !
-Julie Bort, Business Insider 2013
5
“The cost is almost nothing to build the next Twitter. Assume $160 for a
Ruby on Rails course plus free hosting on Heroku.”
!-Courtney Boyd Myers, The Next Web
6
The Startup Curve
BeforeStartup
Source: Paul Graham; avc.com
Time
Hap
pine
ssThe Startup Curve
InitialEnthusiasm
BeforeStartup
Source: Paul Graham; avc.com
Time
Hap
pine
ssThe Startup Curve
InitialEnthusiasm
Reality Sets In
BeforeStartup
Source: Paul Graham; avc.com
Time
Hap
pine
ssThe Startup Curve
InitialEnthusiasm
Reality Sets In
TROUGH OF SORROW
BeforeStartup
Experimenting & Pivoting
Source: Paul Graham; avc.com
Time
Hap
pine
ssThe Startup Curve
InitialEnthusiasm
Reality Sets In
TROUGH OF SORROW
BeforeStartup
Starts Working
Experimenting & Pivoting
Source: Paul Graham; avc.com
Time
Hap
pine
ssThe Startup Curve
InitialEnthusiasm
Reality Sets In
TROUGH OF SORROW
BeforeStartup
Product/Market Fit!
Starts Working
Experimenting & Pivoting
Source: Paul Graham; avc.com
Time
Hap
pine
ssThe Startup Curve
InitialEnthusiasm
Reality Sets In
TROUGH OF SORROW
BeforeStartup
Product/Market Fit!
Scale
Starts Working
Experimenting & Pivoting
Source: Paul Graham; avc.com
Time
Hap
pine
ss
“The application of disruptive technologies at the time of development were not only unknown, but unknowable.”
!-Clay Christensen, The Innovator’s Dilemma
7
“Our findings support the idea a firm’s scope for strategic change is
bound by external entities (i.e. existing customers).”
!-Clay Christensen, The Innovator’s Dilemma
8
9“Despite the popular conception of entrepreneurs as risk takers, risk aversion does not seem to affect
the decision to become an entrepreneur.”
!-Noam Wasserman, The Founder’s Dilemmas
10“The founders of Twitter, Instagram, Pinterest, Foursquare, Asana, and
others were Google employees who found it easier to start their
ventures on their own.” !
-Trevor Owens, The Lean Enterprise
“The average entrepreneur has fourteen years of work experience and many of the most successful
worked in large corporations.” !
-Trevor Owens, The Lean Enterprise
11