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Publisher | Portfolio |
ISBN 13 | 9780593714232 |
ISBN 10 | 0593714237 |
Author | Ilya Strebulaev |
Book Format | Hardcover |
Language | English |
Book Description | A NATIONAL BESTSELLER & FINANCIAL TIMES BUSINESS BOOK OF THE MONTH"Full of powerful, practical lessons on changing how we think and act." –Eric Schmidt, former CEO and Chairman of Google "A must-read for board |
About the Author | Ilya Strebulaev is the foremost academic expert on venture capital. As the founder of the Venture Capital Initiative and a Professor of Private Equity and Finance at Stanford University’s Graduate School of Business, where he teaches a popular class on venture capital, his research has been widely published in leading academic journals and featured in the Wall Street Journal, the New York Times, Bloomberg and the Harvard Business Review. He frequently leads workshops and executive sessions for senior business and government leaders around the world and has consulted for companies and investors on the venture industry trends and corporate innovation. In 2023 he was named a Top Voice on LinkedIn. Alex Dang is a CEO, a senior technology executive, and an advisor on innovation and digital strategy. He has two decades of senior leadership as a Partner at McKinsey and Ernst & Young, and as a product leader at Amazon, where he designed and launched numerous new businesses and solutions for millions of customers across ecommerce, supply chain, and AI. He graduated from the Stanford Graduate School of Business. Excerpt. © Reprinted by permission. All rights reserved. PREFACE What is the next big thing that will transform industries, make es- tablished companies redundant, and change the world? This book is about the people who answer these questions for a living. They are venture capitalists (VCs), the masterminds behind the most innovative organizations surrounding us. Every day, VCs seek and find innovative ideas. And they do so with extraordinary success. They identify big ideas and amazing teams and help to turn them into Amazon, Apple, Google, Tesla, Netflix, Moderna, or SpaceX. VCs find and fund the future. But this book is not about how to be a successful venture investor. It’s about how every decision maker―in any sector―can up their game and help their company reach new heights by learning from venture investors, those masters of innovation. This book teaches you to spot new opportu- nities, nurture the right talent, foster a culture of innovation, and take calculated risks in order to achieve extraordinary growth. How? By de- veloping and using the Venture Mindset. The Venture Mindset is a new mental model where failure is a must, due diligence is put on its head, dissent is encouraged, ideas are rejected in their myriads in search of a single winner, plugs are pulled, and time horizons are extended. We, a Stanford professor and a technology executive, have studied the Venture Mindset for many years and have identified ways to apply it in or- ganizations that want to leap forward and outrun the competition. Over the last decade we have developed the Nine Principles of the Venture Mindset and created a Playbook to introduce these principles to any organization. We wrote this book in Silicon Valley, where the heartbeat of innovation is heard loud and clear, but it is intended for people far beyond this inno- vation epicenter. Disruptive innovation knows no borders and should not be limited to VC funds and VC-backed companies. Now is the time for you to use the Venture Mindset to find and fund the next breakout success, no matter your industry or geography. In a small factory or an office tower. In marketing or in supply chain. What matters the most is the right mindset. The Venture Mindset. INTRODUCTION What is Saasbee and why does it matter? It was November 2012, and three venture capitalists, Sachin Desh- pande, Patrick Eggen, and Nagraj Kashyap, were facing a decision: Should they invest $500K in a small startup called Saasbee? Earlier in the year, through the prolific Silicon Valley angel investor Bill Tai, Kashyap was introduced to the founder of Saasbee, who was promising to revolutionize the way people did videoconferencing in the post-PC era. The name Saasbee came from SaaS, which stands for “soft- ware as a service,” plus the hardworking insect. |
Publication Date | 21 May 2024 |
Number of Pages | 368 pages |
The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth