Más contenido relacionado
La actualidad más candente (20)
Similar a Sequoia Capital: Jim Goetz at Y Combinator's Startup School At Stanford (20)
Sequoia Capital: Jim Goetz at Y Combinator's Startup School At Stanford
- 2. V I TA L S I G N S A Little Personal History
© 2011 Sequoia Capital 2
- 3. FOUNDERS
IDEA
TIMING
THINGS
© Play Bigger Advisors
- 5. THEN
© 2011 Sequoia Capital 5
- 7. THEN
1998
L AR R Y P AG E
S E R G E Y B R I N
1999 2004 TODAY
Series A IPO Market Cap
$7.5M $27B $194B
© 2011 Sequoia Capital 7
- 8. NOW
J O H N
C H AM B E R S
© 2011 Sequoia Capital 8
- 9. THEN
1987
S AN D Y L E R N E R
L E N B O S AC K
1987 1990 TODAY
Series A IPO Market Cap
$1.9M $224M $95B
© 2011 Sequoia Capital 9
- 10. NOW
J E F F
W E I N E R
© 2011 Sequoia Capital 10
- 11. THEN
2003
R E I D H O F F M AN
2003 2011 TODAY
Series A IPO Market Cap
$4M $4B $9B
© 2011 Sequoia Capital 11
- 13. THEN
2006
O M AR H AM O U I
2006 2010
Series A Acquired
$3.3M $750M
© 2011 Sequoia Capital 13
- 14. PROPS TO PAUL, JESSICA & TEAM
P AU L
G R AH A M
J E S S I C A
L I V I N G S T O N
© 2011 Sequoia Capital 14
- 15. THE
FOUNDERS
CODETM
Misfits
Failures Iterate
Relentless
Insight
Focused
Rebels
Underdogs
Unconventional
Long-term
Agility
© 2011 Sequoia Capital 15
- 19. C R E AT I V E
TENSIONS
Obvious Unique or novel
Lots of competitors Handful of niche players
Easy to build “Turing” award
50% improvement 10X better
Too Early First Mover
© 2011 Sequoia Capital
- 21. S&P DECLINE 1973 – 74 43% 1980 – 82 17% 1987 30%
1973 1975 1977 1979 1981 1983 1985 1987
ATARI TANDEM APPLE AMCC LINEAR TECH ORACLE CISCO
LSI LOGIC SYMANTEC
3COM EA
UPS AND DOWNS
1990 15% 1998 15% 2000-02 44%
1989 1991 1993 1995 1997 1999
MICROCHIP ARBOR FLEXTRONCIS YAHOO! REDBACK PAYPAL GOOGLE
DOCUMENTUM NVIDIA NETAPP NETSCREEN RACKSPACE
INS
2007 – 08 16%
2001 2003 2005 2007 2009 2011
GREENDOT ARUBA SOURCEFIRE YOUTUBE ADMOB DROPBOX UNITY SQUARE
ISILON ZAPPOS PALO ALTO FIREYE JIVE POCKETGEMS TUMBLR
LINKED-IN KAYAK BUMP MONGO
AIRBNB
© 2011 Sequoia Capital 21
- 23. MOBILE OUTPACES PC, INTERNET RAMP
1980 1990 2000 2010
PCs
~7 years
from 10
to 100M 1976-78 1987 1994 2005
Apple, Microsoft 10M 100M 800M
founded users users users
Internet
~5 years
from 10
to 100M 1990 1993 1996 1998 2005
HTTP, web 10M AOL flat- 100M 1B
browser users rate users users
invented pricing
Mobile
Internet
<4 years
from 10 2002 2005 2007
to 100M First RIM 10M iPhone
Blackberry users
launched
© 2011 Sequoia Capital 23
- 25. THE WEB GRAVITATED TOWARDS
FREE + AD SUPPORTED
Payment Ongoing
Advertising Training & Premium In App Transaction
None Lead-gen Support Subscription Content Based
Paid
Payment Upfront
SaaS
Web
Contract 2000s
Free
© 2011 Sequoia Capital 25
- 26. NEW AND DIVERSE MODELS ARE BEING EXPERIMENTED
WITH IN THE MOBILE ECONOMY TODAY
Payment Ongoing
Advertising Training & Premium In App Transaction
None Lead-gen Support Subscription Content Based
Paid
Payment Upfront
Contract
Free
© 2011 Sequoia Capital 26
- 28. NOT THE REAL STORY
Top VC Firms Benefit From Wave of IPOs
Silicon Valley's technology boom is giving a lift to the venture-capital
industry. But many of the gains are being disproportionately reaped by
brand-name venture firms, which are benefiting from a wave of Internet IPOs
and the soaring valuations of closely held companies….
© 2011 Sequoia Capital
- 35. Alfred I Dupont Trust MIT
Amherst College Northwestern University
Barr Foundation Norwich University
Boston College Princeton University
Boston University Rensselaer
Bowdoin College Rw Johnson Foundation
Brown University Rockefeller Foundation
Bush Foundation Smithsonian Institution
Claremont McKenna Stanford University
Colby College The Ford Foundation GREAT CAUSES
Columbia University University Of Chicago
Cornell University University Of Minnesota
Dartmouth College University Of Notre Dame
Duke University University Of Rochester
Georgia Tech Foundation USC
Harvard University Vanderbilt University
Hewlett Foundation Washington University
James Irvine Foundation Wellcome Trust
Johns Hopkins University Wellesley College
Macarthur Foundation Williams College
Moore Foundation
© 2011 Sequoia Capital 35
- 38. JOIN US
© 2011 Sequoia Capital 38