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Silicon Valley has always tirelessly created the myth of creation-after HP and Yahoo, Google, YouTube and more start-ups continue the miracle.
no money, someone to you, no CEO, someone to help you find, do not understand mergers and acquisitions, someone to help you do. The only thing you need to do is to find the idea and implement it--Silicon Valley, which is undoubtedly a paradise for entrepreneurs.
newspaper reporter walked into Silicon Valley, hands-on experience "Silicon Valley type of entrepreneurship" behind the drip.
April 27, in Friday, 26-year-old Sun Yiju (Yiru Sun) borrowed 300 dollars from his boyfriend, flying from Princeton in the eastern United States to the three-hour Jet valley.
Evening 7 o'clock, Sun and her partner, from Apple's Robert to participate in an entrepreneurial competition in the final round of demonstrations. The jury of 10 VC (venture capitalists) will analyze their business plan and ask questions. If they get first place, their project will get the right to explore investment with top Silicon Valley venture capitalist Fungjie and Sequoia Capital, as well as the organizers ' symbolic 1500 dollar reward.
Sun Yiju, from Shanghai, China, is a ph. D. In the Department of Opto-Engineering at Princeton University, majoring in organic light-emitting diodes (Organic Light emitting Diode), and she graduated in a year. Robert, a senior marketing manager at Apple, is also from China.
their entrepreneurial project is called O ' Light (organic light-emitting lamp), based on a number of patents obtained during the Sun Yiju reading period on OLED (organic light-emitting diode). OLED compared to the current market of LCD (liquid crystal display) display technology, has less energy consumption, high brightness, angle of advantage, is the next decade display technology trend.
told reporters that she met Robert,robert a few months ago and encouraged her to make full use of her patented technology to create a company in the area of OLED that has not yet developed. "Dare to challenge." "The founders of Silicon Valley are the masters of their own challenges," Robert said.
Silicon Valley is indeed a "self challenge" paradise, High-tech companies across the city, venture capitalists, busy law firms and consulting firms, successful entrepreneurs, and anyone with ideas can find supporters here.
"Here has formed an ' entrepreneurial ecosystem '-no money, someone to give you, no CEO, someone to help you find, do not understand mergers and acquisitions, someone to help you do. The only thing you need to do is to find the idea and implement it. Robert encouraged his partner in this way.
Women2.0 's Entrepreneurial competition
Sun Yiju and Robert continue to discuss a number of possible problems in the
competition, which is based at CNET's San Francisco office, a leading internet company, and half an hour from Silicon Valley to San Francisco.
event is a website called Women2.0, founder Annie Chang told reporters, Women2.0 's founding purpose is to those who have common ideas and actions in Silicon Valley, to provide a platform for sharing creativity, experience and vitality, for women who want to become entrepreneurs to provide technology, Management of talent exchanges, there are even opportunities for them to meet some successful business women, and get guidance.
this time the competition is sponsored by several VC, including dinner and the winner's bonus. What is more interesting is that the organizers require more than half of the women in their team to participate in the venture contest.
Several venture capital organizations--clearstone Venture, Allegis, Morh Davidow Ventures, AOL New Ventures, Norwest Venture, Gobespan Venture partners--is the judge of the competition.
Annie Chang says such gatherings are commonplace in Silicon Valley-entrepreneurs need to see VC,VC and will not miss a chance to discover the next Google.
Marleen McDaniel, the former chief executive of
Women.com, who founded 6 successful companies, is now a consultant to help big businesses acquire small businesses. She told reporters she was here to tell the new entrepreneurs how to be interested in VC.
Many of the founders of
's competition were students who had not yet graduated, most of them from the Stanford University MBA. However, there are many years of work experience, including from well-known companies such as Google employees, their common feature is a higher degree of education, with a certain aspect of the technology.
Of the five finalists on the night of the
, three were formed entirely by the Chinese team. Domestic surging entrepreneurial tide, on the other side of the ocean also stirring hearts.
's 5 projects in the final are: the network company that provides the personalized service network Findyourscene, namely through the network helps the individual to find suits own taste, has the common idea the person, even each day should match what kind of clothes; Laser-seal, laser suture wound technology, O ' Light, organic light-emitting lamp technology; Qtstar, a network of video sharing sites, and (you) Styleme, through the network to achieve the design of commercial products to display and share the site.
according to the rules of the game, each project team has 15 minutes of live demo ppt (slides), and 5 minutes of on-site VC questions, and finally by the audience to send mobile phone text messages to vote. The final decision, however, is in the hands of 10 judges who will enter a small room to discuss and vote for two winners, each with a prize of 1500 dollars.
Two winners will be given more opportunities to communicate with VC at the same time, get guidance from a professional consulting firm Guidewire Group, and be able to direct the Tim with Draper Fisher Jurveston (DFJ capital) Draper and Sequoia Capital's Michael Moritz met to gain investment opportunities.
VC love to hear stories
, the CTO of Google's "female genius programmer" and Findyourscene project, first began his speech by saying, "If you don't know what to eat tonight, or what to wear for tonight's party, then you come to Findyourscene ..."
She began with a story, gradually findyourscene the business model, and by the other two women with the team to gradually show the content on the PPT to the judges.
Wang Yu later told reporters: "U.S. venture capitalists like to listen to stories, the more close to the actual story they more welcome, the idea is to start with a small detail." "
There is no doubt that the story of the garage, which was built from the garage of Hewlett-Packard's founder, has already made legends such as Google, Yahoo!, and even YouTube, and the example of a garage is creating generations of entrepreneurs.
"We don't have any money." "It takes money to start a business," says Robert, "and Silicon Valley has plenty of institutions to fund it, and for Silicon Valley, it's not about money, it's not about talent, it's about good ideas." "Robert is very confident of his project, he thinks that the Internet is not the best time, and the technology and products to change the face of the world will be the future of VC fancy direction."
Robert also began his own story: "The world needs colorful lights, and is energy-saving, O ' light dedicated to research and design such lamps, but also to the future OLED display technology to provide design and production ..."
speech finished, angel investor Carol Sands asked: "You talk about competitors such as Sony, Panasonic, are international big companies, how do you compete with them?"
"Google Yahoo! is an internet giant before it was built, but now everyone thinks Google has defeated Yahoo!." I would like to explain that, in the OLED technology, the Japanese company's technology accumulation is indeed much stronger than us, but this does not mean that their commercialization process will be faster than we, there is a Chinese saying that "big ship difficult to turn", large companies will not be able to quickly capture market opportunities. "Robert said.
"Organic light-emitting diode production requirements are very high, the world can achieve large-scale production of factories are very few, what do you do?" David Stern, partner of Clearstone Venture Partners, asked.
Sun Yiju replied that production problems could be put in China, and that China now has factories capable of producing organic light-emitting diodes, and that production in China can reduce costs, "We do design and give to specialized manufacturing plants to produce".
Before the judges entered the small room to vote, AOL New Ventures executive director Tami Zhu told reporters that she was very confident O ' Light Project: "Their ppt is very detailed, answer the question is very targeted, very good." "
as the judges entered the voting room, the large screen began to show the audience's support rate for the various purposes, the audience by sending the project name to a number to vote. Sun Yiju was very happy because more than 30% of the viewers supported O ' Light.
"The winner is--laser-seal and O ' Light. "With the presenter deliberately creating a tense atmosphere and reading out the winners ' list, Sun Yiju and Robert are celebrating." Their project won the second place in the judges ' vote and won first place in the audience vote. This means that the two have won 1500 dollars in bonuses and the opportunity to meet top VC.
"I can give 300 dollars back to my boyfriend." Sun Yiju told the reporter with a smile.
two VC at the scene expressed interest in their project and invited them to discuss the details. Tami Zhu to Sun Yiju said: "We hope to have the opportunity to work together." "
the day after the game, Sun Yiju and Robert went to the Jinsha office in Silicon Valley, Sun Yiju later called to tell reporters that the Jinsha venture was interested in more than just her project, and that she was hoping to join the Jinsha Venture and become an electronic engineering researcher and analyst.
"I'm still hesitating." "said the sun at last. But in Silicon Valley, the boundaries between venture capitalists and entrepreneurs are blurred.