Silicon valley (SV) and Canadian IT ventures

Transcript:Silicon valley (SV) and Canadian IT ventures:
Silicon valley (SV) and Canadian IT ventures Williams School of Business Bishop’s University Dr. Kyung Young Lee 1 Brief Intro about me Dr. Kyung Young Lee Assistant Prof. in Bishop’s University, Sherbrooke, Quebec since Fall 2011 PhD in Management (Information Systems) from McGill University (Fall 2012) MBA from U of Ottawa 6 years working experience in IT and telecom industry 2 Today’s Theme Silicon Valley Canadian Environment of Tech Startups 3 Silicon Valley History Current trend Success factors 4 Silicon valley 5 Definition: Silicon Valley is the southern region of the San Francisco Bay Area in Northern California, in the United States. The region is home to many of the world's largest technology corporations as well as thousands of small start-ups. The term originally referred to the region's large number of silicon chip innovators and manufacturers, but eventually came to refer to all the high-tech businesses in the area, and is now generally used as a metonym for the American high-tech sector. (Wikipedia.org) Rich, young, well-educated, diversified, and growing (population & econ-index) area (SV index snapshot) Home to many of the world's largest technology companies including Apple, Cisco, Google, HP, Intel, Oracle, etc and recent successful IT ventures (Uber, Snapchat, Airbnb, etc.) The leading hub for high-tech innovation and R&D, accounting for 1/3 of all of the venture capital investment in the US http://siliconvalleyindex.org/ Key Firms in SV 6 http://www.scaleit.us/1404-2/ Key startup Deals in SV in 2014 2nd Q in 2014 3rd Q in 2014 4th Q in 2014 7 SV Success factors 8 Interaction with industry, research funding, and creativity from universities. Students as inventors, disseminators, and workforce Encouragement of entrepreneurship on campus Talent pool and social networks Loyalty to technology (than to companies) with unique openness Importance of immigrants (highly multicultural) SV Success factors (cont’d) Its many early adopters of new technology Job hopping culture Services infra with many suppliers for outsourcing (E.g., accounting, legal, financing etc.) Funding: angels, venture capitalist (VC’s), other financing infra Entrepreneurial spirit, OK to fail… Flat organizational structures / Boundary-less discussions 9 Sv in 2014 10 Products, services, and platforms for engineers Technically savvy population (online) Globally connected issue-makers (online communities e.g., techcrunch) Technical teams (still) rule the valley All things being equal, you can typically outdo competition and create larger barriers to entry by applying additional technical expertise than you can with added business expertise (at least in the early days). Big