universidad de los andes bootcamp june 17 23

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Rebeca Hwang | YouNoodle June 17-22, 2013

Rebeca@younoodle.com

Twitter: @rebecahwang

Universidad de los Andes

Summer Bootcamp

Exercise: Expectation Setting

What do you want to get out of this course?

Introduction to Silicon Valley

What does SV mean to you?

Personality traits of successful entrepreneurs

Startup of You

Motivation: Startup employees are different

Culture of Collaboration and Trust

El poder de la comunidad

Eye Darter Card Collector

Smartphone Junkie The Clinger

Eye Darter Card Collector

The Clinger Smart Phone Junkie

Networking is more important than degrees

Startup of You

Culture of Risk: Informed risk taking

Use small risks to gather information

Myth: Startup Founders are Dare Devils

In other words, warm, flexible, team-oriented and empathetic

people are less likely to thrive as C.E.O.’s.

Organized, dogged, anal-retentive and slightly boring

people are more likely to thrive.

Steven Kaplan, Mark Klebanov and Morten Sorensen recently completed a study called

“Which C.E.O. Characteristics and Abilities Matter?”

It’s not just about the ideas

Original idea for PayPal:

Beaming money from Palm

user to Palm user.

PayPal was voted the

worse VC-backed idea in

1999

Culture tolerant to failure, but not unconditionally

I’ve missed more than 9000 shots in my

career. I’ve lost 300 games, 26 times I’ve

been trusted to take the game’s winning

shot and missed. I’ve failed over and over

and over again in my life. And that is why I

succeed.

Silicon Valley is about having FUN

while changing the world

Building the Perfect Startup Team

The importance of getting the team right

Peter Thiel, Elon Musk, Max Levchin, Roelof Botha, Chad Hurley, Steve Chen,

Jawed Karim , Jeremy Stoppelman, Russel Simmons , Premal Shah

Space X

Tesla

Linkedin

Slide

Yelp

Digg

Flickr

Ning

YouTube

Facebook

Kiva

Quality 1: Obsession

Quality 1: Obsession

“mainstream”

entrepreneurs

Quality 2: Lucky people

Quality 3: Resourcefulness and Street Smart

Quality 4: Integrity and value alignment

Quality 5: Visionary + Practical

Quality 6: Happy people

How?

Step 1: Find the perfect match for cofounder

Different + Complementary

Same values

Equal amount of passion and ambition

Increase your “track record score”

Airplane test

What drives him/her?

Step 2: Hire the best, wherever they are

People who are smarter than you

Attitude more important than skills

Titles, boasting credentials, high cash

demands = BAD SIGN

“I have a lot of ideas” = CAUTION

Diversity = GOOD

How do they solve conflict?

Fire fast!

Exercise: Identify the 5 qualities that are

most critical to earn YOUR trust

Empathy

Reliability

Competence

Chemistry/ Sense of Humor

Communication

Responsiveness

Grace under

pressure

Perspective/

Humility

Fairness

Vision

Entrepreneurship

Cooperation/

Commitment

Integrity

The Trust Spider was developed by Kosnik (1995). based on a literature review on qualities of

effective leaders. It has been used by hundreds of project teams

Exercise: Compare your top 5 five qualities

with those of someone else in the course.

How many do you have in common?

Empathy

Reliability

Competence

Chemistry/ Sense of Humor

Communication

Responsiveness

Grace under

pressure

Perspective/

Humility

Fairness

Vision

Entrepreneurship

Cooperation/

Commitment

Integrity

The Trust Spider was developed by Kosnik (1995). based on a literature review on qualities of

effective leaders. It has been used by hundreds of project teams

Stakeholder assessment of your performance

Empathy

Reliability

Competence

Chemistry/ Sense of Humor

Communication

Responsiveness

Grace under

pressure

Entrepreneurship

Perspective/

Humility

Fairness

Vision

Integrity

Cooperation/

Commitment

X

X

X

X

X

X

X

X X

X

= My Top 5 trust qualities

= My stakeholder’s Top 5 trust qualities

= My assessment of my performance

= My Stakeholder’s assessment of my performance.

X

X

Your self-assessment of your performance

Empathy

Reliability

Competence

Chemistry/ Sense of Humor

Communication

Responsiveness

Grace under

pressure

Entrepreneurship

Perspective/

Humility

Fairness

Vision

Integrity

Cooperation/

Commitment

X

X

X

X

X

X

X

X X

X

= My Top 5 trust qualities

= My stakeholder’s Top 5 trust qualities

= My assessment of my performance

= My Stakeholder’s assessment of my performance.

X

X

Compare notes. Where is the most critical

“Trust Gap” in this example?

Empathy

Reliability

Competence

Chemistry/ Sense of Humor

Communication

Responsiveness

Grace under

pressure

Entrepreneurship

Perspective/

Humility

Fairness

Vision

Integrity

Cooperation/

Commitment

X

X

X

X

X

X

X

X X

X

= My Top 5 trust qualities

= My stakeholder’s Top 5 trust qualities

= My assessment of my performance

= My Stakeholder’s assessment of my performance.

X

X

Use Start-Stop-Keep to give each other feedback

on specific things you can do to close any

Trust Gaps and to build greater trust

Start: Why?

Stop: Why?

Keep: Why?

Example: Start-Stop-Keep to close the

Trust Gaps on communication

Start: Calling my cell and emailing me to let me know if you will be late for a meeting.

Why? I can warn other meeting members so they do not waste time. We can either start later – or start on time and put you later on the agenda.

Stop: Interrupting me when I am speaking.

Why? It makes us less effective in communicating, breaks my chain of thought, and makes me appear to others as weak and/or lacking in executive presence.

Keep: Having our weekly project status meetings.

Why? I want to know if project is on schedule and whether there are any obstacles your team is facing so we can deal with them.

Motivation:

Learn what motivates you and your team

Motivation:

Need for achievement vs. need for independence

Build redundancy and complementarity

Expansive vs. converging minds

Decrease uncertainty

CEO = Chief Emotional Officer

People leaves bosses, not jobs

The main source of anxiety at work is uncertainty

Own failures and share credit

“Success has many fathers but failure is an orphan” – Kennedy

Set a unique team culture

Sense of Belonging to a community is a great motivator

Grow and protect your most important asset

Your Collective Network

When conflict arises…

http://www.youtube.com/watch?v=6dRKa700RaQ

Exercise: due at 4 PM

Summary of Deliverables

- Trust Spider exercise with all members

of your team. Present to class the areas

where most of the conflicts could arise,

and propose solutions

- MBTI exercise. Present your personality

profile and your motivation type and

present to the class your roles based on

results

THANK YOU

rebeca@younoodle.com

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