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1. VITALY M. GOLOMB
@vitalyg || FB/VitalyGolomb
www.AcceleratedStartup.me
ARE WE IN A BUBBLE?
June 15th, 2017

2. Vitaly M. Golomb
Partner & Global Startup Evangelist - HP Tech Ventures
Global Corporate Venturing 2017 Rising Star
Author of Accelerated Startup (2017)
Contributing Writer @ TechCrunch
Advisor @ Rimac Automobili
Advisory Committee @ The VR Fund
Supervisory Board @ Ukraine Venture Capital Association
Guest lecturer @ Stanford, UC Berkeley, Cambridge, IE,
UCLA, St. Mary’s, and University of Zagreb
Previously
3X CEO
Executive Producer @ Startup AddVenture Conferences
Mentor @ 500 Startups and other accelerators
B.A. in Computer and Video Imaging @ Cogswell College
Venture Capital @ UC Berkeley Haas School of Business

3. © Copyright 2016 HP Development Company, L.P. The information contained herein is subject to change without notice.
HP Heritage
• Silicon Valley’s original startup
• Founded in 1939 by engineers
Bill Hewlett and Dave Packard
• Initial capital: $538
• First product: Model 200A audio oscillator
• Earliest customer: Walt Disney Studios

4. Today
© Copyright 2016 HP Development Company, L.P. The information contained herein is subject to change without notice.
1
Total net revenue is based on non-GAAP segment reporting for fiscal year 2015. Total net revenue is calculated based on total segment revenue, which does not include intercompany eliminations.
Fortune 100
company
$48.2B revenue
revenue in FY16 1
Operations in
170 countries
~50,000
employees
Fortune
Most Admired
#7 in technology
250,000+
Channel partners
18,000+
patents

5. 3RD INDUSTRIAL REVOLUTION CHANGES EVERYTHING
2007-
3rd INDUSTRIAL
REVOLUTION
CONVERGENCE,
EXTERNAL NEURAL
NETWORKS
CYBER-PHYSICAL
SYSTEMS
1969-2000
DIGITAZATION
OF ECONOMY
ELECTRONICS,
AUTOMATED
PRODUCTION
1st INDUSTRIAL
REVOLUTION
1760-1840
STEAM, WATER,
MECHANICAL
PRODUCTION
EQUIPMENT
1860-1914
2nd INDUSTRIAL
REVOLUTION
DIVISION OF LABOR,
ELECTRICITY,
MASS
PRODUCTION
COMMUNICATE
+ MANAGE
ECONOMIC ACTIVITY
POWER + FUEL
ECONOMIC ACTIVITY
MOVE
ECONOMIC ACTIVITY
PRINTING PRESS
TELEGRAPH
COAL STEAM OIL FOSSIL
FUELS
TELEPHONE
RADIO
COMBUSTION ENGINE
AUTOMOBILE
STEAM POWERED
RAIL
INTERNET UBIQUITY
RENEWABLE ENERGY
AUTONOMY
WE
ARE
HERE

6. ITISEASIERTOSTARTUP
ANYWHERENOWTHANIN
SILICONVALLEYIN1999

7. THE NEXT WAVE NEEDS GLOBAL TECHNICAL TALENT
COMBINED WITH THE RAPID GROWTH MODEL OF SILICON VALLEY
INC TOP GLOBAL STARTUP HUBS 2017
1. London 2. Paris 3. Berlin 4. Los Angeles 5. Boston 6. Singapore 7. Bangalore 8. Stockholm 9. Moscow 10. Tel Aviv
HACKER RANK BEST DEVELOPERS 2016
1. China 2. Russia 3. Poland 4. Switzerland 5. Hungary 6. Japan 7. Taiwan 8. France 9. Czech Republic 10. Italy 11. Ukraine 12. Bulgaria 13. Singapore 14. Germany 15. Finalnd 16. Belgium 17. Hong Kong 18. Spain 19. Australia 20. Romania
ALGORITHMS 1. Russia 2. Poland 3. China 4. Switzerland 5. Taiwan ARTIFICAL INTELLIGENCE 1. Japan 2. Beligum 3. Vietnam 4. Russia 5. Ireland
INDUSTRYWEEK TOP MANUFACTURING COUNTRIES 2020
1. US 2. China 3. Germany 4. Japan 5. India 6. South Korea 7. Mexico 8. Taiwan 9. Canada 10. Singapore
US NEWS & WORLD REPORT BEST GLOBAL UNIVERSITIES 2017 BIOLOGY, COMPUTER SCIENCE, CHEMISTRY, ENGINEERING, MATERIAL SCIENCE, MATH, PHYSICS, SPACE SCIENCE
Harvard, MIT, Stanford, Princeton, UC Berkeley, Georgia Tech, University of Texas, Cornell University of Toronto Cambridge, Oxford Marie Curie Univeristy Ecole Polytechnic Federal Lausanne
Fudan, Trinsghua, Peking, Zhejiang, Harbin, Shanghai Jiao Tongu City University of Hong Kong Nanyang, National University of Singapore

8. LETSTALKABOUTYOU

9. GET GOOD GRADES
GO TO A GOOD COLLEGE
GET IN A GOOD COMPANY
GET REGULAR PROMOTIONS
RETIRE, PLAY GOLF, DIE
NORMAL CAREER

10. STARTUP CAREER IF SUCCESSFUL
WHAT PEOPLE THINK
IT LOOKS LIKE
WHAT IT REALLY
LOOKS LIKE

11. “AS A STARTUP CEO,
I SLEPT LIKE A BABY.
I WOKE UP EVERY
2 HOURS AND CRIED.”
- BEN HOROWITZ

12. 1YEARTODEVELOPANIDEA
2YEARSTOSEEIFANYONECARES
5-8YEARSTOSEEITTHROUGH
22 30 35
1
2
3
4

13. ENTREPRENEURSHIP
ISATOUGH JOURNEY
LET’SIMPROVEYOURODDSOFSUCCESS…

14. HOW
WHERE
WHAT

15. HOW

16. A STARTUP IS...
AN EXPERIMENT IN SEARCH
OF A BUSINESS MODEL- STEVE BLANK

17. SCALABLE
STARTUP
TRANSITION COMPANY
BUSINESS MODEL FOUND
PRODUCT/MARKET FIT
REPEATABLE SALES MODEL
MANAGERS HIRED
BREAK-EVEN
PROFITABLE
RAPID SCALE
NEW SENIOR MANAGEMENT
~150 PEOPLE
“A STARTUP IS NOT A SMALLER
VERSION OF A LARGE COMPANY”- STEVE BLANK

18. CLAYTON CHRISTENSEN’S
TECHNOLOGY LIFE CYCLE “S CURVE”
PRODUCTPERFORMANCE
TIME/EFFORT/INVESTMENT/EXPERTISE
RESEARCH
MATURITY
INNOVATION SWEET SPOT
- RAPID PRODUCT & MARKET DEVELOPMENT
- NEW SOLUTIONS
- SHORT PRODUCT LIFE CYCLES
- LOWERING BARRIERS TO ENTRY

19. $0
STAGED FINANCING
NETREVENUE
TIME
RESEARCH
MATURITY
CONCEPT
EARLY
VALIDATION
MARKET
TRACTION
SCALE
VALIDATION
PREDICTABLE
SCALE
SEED
SERIES
A
SERIES
B
SERIES
N
IPO
Source: Jerome S. Engel 2012

20. Source: Jerome S. Engel 2012
INNOVATION CYCLES
PRODUCTPERFORMANCE
1960s 1970s 1980s 1990s 2000s 2010s

21. WHERE

22. Source: Startup Genome
2017 GLOBAL STARTUP ECOSYSTEM RANKING

23. Source: “Clusters and the New Economics of Competition”, Michael Porter, Harvard Business Review
CITIES VS. COUNTRIES

24. Large Pools of
Private Capital
Source: Jerome S. Engel
WHAT IS AN INNOVATION CLUSTER?
Entrepreneurs
Venture
Capitalists
Major Corps/
Strategic Investors/
R&D Centers/
Potential Acquirers
Universities
Government
Professionals
Management
Public Stock
Markets

25. THE ECONOMIC IMPACT OF
VENTURE CAPITAL
Source: ILYA A. STREBULAEV and WILL GORNALL

26. Source: ILYA A. STREBULAEV and WILL GORNALL

27. Source: ILYA A. STREBULAEV and WILL GORNALL

28. …AND NOW A
WORD FROM
OUR SPONSOR

29. GLOBALLY, CORPORATE VCs INVESTED
$24.9 BILLION
ACROSS
1,352 DEALS
IN 2016

30. QUARTERLY GLOBAL CVC VS. ALL VC FINANCING ACTIVITY

31. QUARTERLY GLOBAL CVC SHARE OF ALL VC

32. QUARTERLY GLOBAL CVC DEAL SHARE BY CONTINENT

33. AND THE NUMBER OF ACTIVE CVC PROGRAMS IS GROWING

34. …AND HERE IS WHAT IT LOOKS LIKE IN THE UK
2016: $1.12B IN 62 DEALS

35. BUUUUUUT…

36. CORPORATE ACCELERATORS HAVE TOUGH COMPETITION

37. WHAT

38. HEALTHCARE
TRANSPORTATION/LOGISTICS
ENTIRE INDUSTRIES ARE BEING REINVENTED
FINANCE & ECONOMICS
MANUFACTURING
MOTIVENTURES

39. THE WORLD OF TOMORROW IS BEING BUILT TODAY

40. Updated: Q1 2017 - March
POWERED BYCREATED BY
Escapist GamesDisneySix to Start
Zenfri
The AR Landscape
Gaming & Toys (21)
Spin MasterOctagon Studios PlaymationReach Robotics
Sphero
Lumoplay
Neobear
Popar
OsmoPantomime RabbxNovarama
Draw & Code
QuiverVision Funomena
int13
Sports & Entertainment (12)
PuttViewVntana
Table Tennis
Trainer 3000
Crypton Future
Media
CrowdOpticPaintScaping
SMT
Augmented
Climbing Wall
BitGymILMxLab
Aero Glass
Animate Objects
Social & Communications
(9)
Membit
Snap Facebook
Mybrana
PhotoBloomAR Object Theory
CampMobile Inc.
HoloLens Gatebox
Real Estate & Construction
(9)
roOomy
Plattar HoloBuilder
Paracosm
Building
Conversation
AR Pandora
VividWorks
Pointcube Shapetrace
Help LightningStrata 3D Tulip[Partpic]
Enterprise (29)
RE’FLEKTAugmate JoinPadStreye NGRAIN
iTiZZiMO
Scope AR
twnklsCN2 SAPiQagent Bosch Pristine.io
Dassault
Systemes
Fieldbit
Augment Optech4D
Upskill
DiotaGNOSYSAppearition
Ubimax
XMRealityXOEye
Technologies
Vital Enterprises
Medical & Healthcare
(9)
Medical Realities Illusio Imaging
Augmedix
Apprentice FS AccuVein
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Imaging
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Evena Medical InnerOptic
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(6)
Augthat
Lifeliqe
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NASA
Seabery zSpace
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INKHUNTER
Marxent
curiscope
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(Cimagine)
Metaverse
Makeovers
ModiFace
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ArtGlass
Google
(Quest Visual)
Guidigo
Gamar
Waygo
AR Authoring & Publishing
(12)
aweZappar
Candy Lab
Blippar
VuframeVision AR
HP
Augmania
WakingAppViewAR
Arilyn
Dotty
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Laboratories
RealSpace MicrosoftDysonics
3D Content (18)
AdobeGravity Sketch CRYENGINEAutodesk Unreal Engine
Dear Reality Unity
VisiSonicsOculus SketchfabFacebook
(Two Big Ears)
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Navisens
Apple
(Flyby Media)
Augmented
Pixels
Fantasmo.io
Insider
Navigation
Rapid Imaging TRX Systems
Apple
(Emotient)
neurable LightwaveSensaura
Interaction (25)
Kiwiwrnch ArcsoftOculus
(Pebbles Interfaces)
Superb Reality
Quantum
Interface
Affectiva
gestigon
GoogleNuance FacebookIntel
EyeSight
Amazon Apple
(Siri)
emteq
MacronAugumentaThe Eye TribeUmoove Microsoft
Recognition (14)
Apple
(Faceshift)
Oculus
(Zurich Eye)
CurvSurf
Twitter
(Magic Pony)
FringefySnap Inc
Blippar
Cloudpoint Labs
catchoomGoogle
Anyline
Yowza
Microsoft Waygo EligoVision
RealMax
Magic Leap
Gravity Jack
Tracking SDK (23)
Apple (Metaio)Eonite
Perception
PikkartAR-Cadia BaidueasyAR
Microsoft
PTC Vuforia
KudanInglobe VanGogh
Imaging
InfinityAR Oculus (13th
Lab)
cognitiveVR
VoidAR Dimension NXG
DAQRI
(ARToolKit)
Wikitude OccipitalSnap Inc. (Obvious
Engineering)
RatrixVisiSonics LytroHooke
3D Capture (20)
8iitsme DoubleMeQuantum
Capture
itseez3D
Matter and Form
OTOY
Humense
DacudaCapturing
Realities
Loom.aiMatterport
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Uncorporeal
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obEN
Applications(109)Tools(120)Devices(59)
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Player
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Headworn (39)
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Instruments)
RealWearStereolabsSulon Intel
(Project Alloy)
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Associates
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(3)
TPCAST
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SUPER VENTURES
Performance (1)
FORGET VR, AUGMENTED REALITY IS NEXT

41. THE CAR IS TRANSFORMING

42. …AND BIG AUTOMAKERS AREN’T SITTING AROUND
MAJOR PARTNERSHIPS, INVESTMENTS, ACQUISITIONS

43. A.I. IS TRANSFORMING FINANCE

44. THE DIGITAL HOSPITAL IS TRANSFORMING MEDICINE

45. …AND A LOT OF IT IS HAPPENING OUTSIDE OF U.S.

46. 2012-2016 ANNUAL INVESTMENTS IN
VIRTUAL/AUGMENTED REALITY

47. 2012-2016 ANNUAL INVESTMENTS IN
ARTIFICIAL INTELLIGENCE

48. SOURCE: CHRIS DIXON, WHAT’S NEXT IN COMPUTING?
SO SKATE TO WHERE THE PUCK IS GOING TO BE

49. 3D Transformation
Hyper Mobility
Smart Machines
49
Internet of All Things
Blended Reality
Experiences

50. Hyper Mobility Today
50

51. Hyper Mobility Tomorrow
51
Source: WIREDSource: Singularity Hub

52. Internet of ALL Things
52
Source: PCMag.com

53. Smart Machines
53

54. Video Game Playing AI
Source: Wired
Software
that master
games better
than humans

55. Develop a
model for
how the
flatworm
regenerates
AI System Solves 100 Year
Old Science Puzzle
Source: Wired

56. 1000 units of
Pepper, the human-
like robot that feels
emotions, sold out
in a minute.
2015 - First Robot to
Recognize and Mimic
Human Emotion
Source: PC World

57. Today
3D Transformation
57
Driving the next Industrial Revolution
Industrial
Revolution
Blueprint design
and mass production
3D
Transformation
Immersive and easier design
and Proto-type & Final Part
“Digital” production
Handmade
and time intensive
Pre-
Industrial
Internet
Computer aided design
and JIT machine production
Next
Industrial
Revolution
Democratization of
Design and Ubiquitous
production

58. 3D in - 3D out
HP Jet Fusion 3D
HP Sprout

59. 3D Transformation Tomorrow
61
Source: Neotech AMT

60. “Fail to plan,
plan to fail.”
- HILLARY CLINTON

61. ORDER THE BOOK
WWW.ACCELERATEDSTARTUP.ME
@vitalyg || FB/VitalyGolomb
GET THE SLIDES: GOLOMB.NET/WAYRA