Wednesday, October 15, 2008

Silicon Valley's Success Secrets

Tolerance of Failure (It's a badge of honor)

Tolerance of Treachery (No such thing as loyalty)

Pursuit of Risk (of 20 funded start ups, 4 go bankrupt, 6 lose money, 6 do okay, three do well, one hits the jackpot)

Willingness to re-invest (Cash Flows into the valley)

Enthusiasm for Change ("Obsolete ourselves or the competition will")

Promotion on Merit (Politics counts for little. Performace counts for all)

Obsession with product (Find the "cool" ideA)

Openness to collaboration (Generations last months..borrow and get going)

Variety, Variety, Variety (Mix fleeting with permanent)

Anybody can play (I can be rich)

Mistakes are not the "spice of Life". Mistakes are life

Mistakes are not to be tolerated. They are encouraged

And, the bigger, the better

No comments: