#crazyokc building a more innovative oklahoma city - internokc program june 2013
Post on 21-Oct-2014
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Presentation by Danny Maloney of PinLeague to the InternOKC participants on June 19th, 2013. Includes a framework for building an innovative career, personal lessons learned while at Google, YouTube, AOL and prior startups and some perspective on the unique challenges OKC faces in building an entrepreneurial ecosystem.TRANSCRIPT
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Crazy | INNOVATIVE
@danielpmaloney, CEO of @PinLeague
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#CrazyOKChttp://www.youtube.com/watch?v=Rzu6zeLSWq8
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#CrazyOKC
“The people who are crazy enough to think they can change the world are the ones who do.”
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#CrazyOKC
Why is innovation crazy?
You bring change.
People resist change.
∴ , People will resist you.
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#CrazyOKC
Today’s Goal:
Inspire some crazy.
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#CrazyOKC
AND SHARE YOUR CRAZY
WHO HAS A CELL PHONE?
SHOW IT TO ME.
POWER N.
#CrazyOKC
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#CrazyOKC
How are you going to innovate in your internship
this summer?
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#CrazyOKCabout.me/danielmaloney
SWIPPY
My Crazy Story (so far)
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#CrazyOKC
A Few Vignettes
1.Opportunity Missed
2.The Value of Thinking Big
3.Creating Your Path
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#CrazyOKC
#1: Opportunity Missed
• Graduated Penn in 2005 and took an
entry level role at BCG; money was
tight.
• Problem: I needed an easy way to
track and manage my finances.
• Solution: Excel.
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#CrazyOKC
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#CrazyOKC
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#CrazyOKC
One day, I showed my friend...
• She asked for a copy of the
spreadsheet
• I begrudgingly copied it, deleted my
data and shared it with her.
• Then, another colleague asked. And
another. I ignored them. I was busy.
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#CrazyOKC
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#CrazyOKC
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#CrazyOKC
Why Didn’t I Build It?
1. Focus: Working 70 hours / week as a management consultant
2. Fear: Of criticism, ridicule, obligation
3. I Didn’t LISTEN: The market was telling me there was a need.
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#CrazyOKC
Why do you WORK ?
Loveor
Money
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#CrazyOKC
“The only way to be truly satisfied is to do what you believe is great work.
And the only way to do great work is to love what you do.
If you haven't found it yet, keep looking.
Don't settle. ”
-Steve Jobs
Stanford Commencement Speech
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#CrazyOKC
The Cost of Not Doing What You Love
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#CrazyOKC
#2: The Value of Thinking Big
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#CrazyOKC
The Challenge
• Problem: I want live video everywhere.
• Attempt 1: Put cameras everywhere.
Cost = $1 Trillion +.
• Attempt 2: Moving cameras in mobile
command centers. Too slow / unscalable.
• Attempt 3: Moving camera cars.
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#CrazyOKC
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#CrazyOKC
The Challenge, Part II
• Problem: Cost
• Solution 1: Technological Innovation
• Solution 2: Kill 3 birds with one stone
(and many smaller incremental
solutions along the way)
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#CrazyOKC
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#CrazyOKC
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#CrazyOKC
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#CrazyOKC
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#CrazyOKC
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#CrazyOKC
Lessons Learned
1. Innovation can happen in big companies
2. Great leaders define problems and
challenge you to generate solutions
3. Seek adjacent problems to expand impact
4. You can make a big impact quickly
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#CrazyOKC
Creating Your Path
• Problem: I wanted to work more on
core product development and grow
into a GM. Google required a CS
degree to be a product manager,
didn’t have GMs.
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#CrazyOKC
The Spark
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#CrazyOKC
Keys to Creating Your Path
1. Pick your boss wisely
2. Seek unique opportunities
3. Know your goals and the company’s.
Put the company’s first.
4. Work hard.
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#CrazyOKC
A Note on Working Hard
9 to 5 is dead. Think in expert cycles.
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#CrazyOKC
The Impact of 10,000 Hours(Experience)
• Consider Mike and Sheryl–Mike works 40 hour weeks (2k hrs/year)– Sheryl works 60 hour weeks (3k hrs/yr)
• How will their expertise develop?
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#CrazyOKC
The Impact of 10,000 HoursNot just how much you do; what you learn
Year 1 Year 5 Year 10 Year 20 Year 30 Year 40 -
20,000
40,000
60,000
80,000
100,000
120,000
MikeSheryl
Executive expertiseMid-level expertiseEntry-level expertise
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#CrazyOKC
The Impact of 10,000 HoursEarnings grow exponentially with expertise
Year 1 Year 5 Year 10 Year 20 Year 30 Year 40 -
25
50
75
100
125
150
175
200
MikeSheryl
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#CrazyOKC
WE CAN DO IT HERE IN OK
Four Fortune 500 Companies
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#CrazyOKC
WE CAN DO IT HERE IN OK
Numerous other innovators
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#CrazyOKC
WE CAN DO IT HERE IN OK
Others are taking notice
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#CrazyOKC
PLUS, OVER 50 TECH STARTUPS BETWEEN OKC AND TULSA
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#CrazyOKC
OKC has unique challenges that present opportunities for you
1. Missing Middle Management
2. Socio-cultural Norms
3. Tech Gap
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#CrazyOKC
US Avg OKC CHI DAL BLDR NYC SF BOS SEA AUS30%
33%
36%
39%
42%
45%
48%
32%34%
40% 40%42%
44% 44% 44% 44% 45%
Share of Population Aged 21-44
Our work force is stretched thin compared to innovation centers
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#CrazyOKC
OKC BLDR CHI DAL BOS SEA SF AUS NYC12%
15%
18%
21%
24%
15%16%
19% 19%21% 21% 21% 21% 22%
Share of Population Aged 25-34
We’re especially thin in 25-34 y.o. You are Critical to OKC Innovation
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#CrazyOKC
DAL OKC US Avg CHI AUS BOS SEA NYC BLDR SF10%
13%
16%
19%
22%
25%
28%25% 25%
24% 23%22%
17%15% 15%
14% 13%
Share of Population Aged 0-17
Cultural Challenge to Consider: People get married, have kids, buy houses younger
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#CrazyOKC
The Tech Gap
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#CrazyOKC
Now, Go MakeCRAZY CONTAGIOUS
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#CrazyOKC
2013: Top Startup Cities1. Silicon Valley / SF Bay2. New York City3. Boston4. Los Angeles5. Washington D.C. - #246. Seattle - #227. Austin8. Philadelphia9. Chicago10. Atlanta - #4011. Pittsburgh - #6112. Denver - #2313. Boulder - #280
2013: Top Startup Cities1. Silicon Valley / SF Bay2. New York City3. Boston4. Los Angeles5. Washington D.C.6. Seattle7. Austin8. Philadelphia9. Chicago10. Atlanta11. Pittsburgh12. Denver13. Boulder
My Crazy Mission
2018:Oklahoma City (#29) makes the
list!