Pioneer Summit 2015 Opening Keynote by Michael Moe
-
Upload
pioneer-summit -
Category
Technology
-
view
183 -
download
0
Transcript of Pioneer Summit 2015 Opening Keynote by Michael Moe
![Page 1: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/1.jpg)
The Power of Pioneers
MICHAEL MOE, CFAFounder, GSV @michaelmoe
![Page 2: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/2.jpg)
WELCOME 2015 GSV Pioneer Summit!
![Page 3: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/3.jpg)
Wicked Issues Facing Humanity
![Page 4: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/4.jpg)
$4.5 B+private funding
raised
1,000+Attendees
100Speakers
![Page 5: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/5.jpg)
Ron Johnson
![Page 6: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/6.jpg)
Anne Wojcicki
![Page 7: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/7.jpg)
Michael Abbott
![Page 8: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/8.jpg)
Ira Ehrenpreis
![Page 9: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/9.jpg)
Phil Libin
![Page 10: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/10.jpg)
Guy Kawasaki
![Page 11: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/11.jpg)
GLOBAL SILICON VALLEYHall of Fame
![Page 12: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/12.jpg)
Bill CampbellCoach of the Valley
![Page 13: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/13.jpg)
Larry SonsiniCounsel to Titans
![Page 14: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/14.jpg)
Diane GreeneTechnology Maverick
![Page 15: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/15.jpg)
Dick KramlichVenture Capital
Trailblazer
![Page 16: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/16.jpg)
Mike Homer (in memoriam)Creative Force of Nature
![Page 17: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/17.jpg)
We “Open” at the Close
We won’t have a closing, but rather an opening to conversations and relationships for the coming year to transform industries.
![Page 18: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/18.jpg)
Megabots Party
![Page 19: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/19.jpg)
Sustainability MobileBig DataEdTech Games
![Page 20: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/20.jpg)
![Page 21: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/21.jpg)
![Page 22: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/22.jpg)
50 cities map
![Page 23: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/23.jpg)
LosAltos
Palo Alto
Atherton
Redwood City
San Mateo
Millbrae
HalfMoon Bay
South San Francisco
SFO
San Francisco
FosterCity
Woodside
Oakland
THE BUSINESSES OFTHE BUSINESSES OF
SILICON VALLEY
Cuperti no
Sunnyvale
Milpitas
Fremont
Mountain View
San Jose
Venture capitalists are people too…most of them anyway.
![Page 24: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/24.jpg)
Phrases to avoid in a pitch
“”
We’re the Uber for ___.
![Page 25: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/25.jpg)
Phrases to avoid in a pitch
“”
We’re not afraid to pivot.
![Page 26: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/26.jpg)
Phrases to avoid in a pitch
“”
This is the holy grail.
![Page 27: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/27.jpg)
50 cities map
22 The Global Silicon Valley Handbook
the SILICON VALLEYPARKING GARAGE
TESLA MODEL S• Signature car of the
Valley and the CEO’s car, usually parked next to the CFO’s Tesla
• Combines the make and price of a Lambo with the sound of a mute ferret
MINI COOPER• Usually bought by
men and women who think the car is “soooo adorable”
• Has an inferiority complex when parked next to any Hot Wheels
HONDA ODYSSEY• The soccer mom or dad
car
• Has surprising ability to be a “whip,” gunning down the freeway to make it to soccer practi ce on ti me
TOYOTA PRIUS• The workingperson’s car
• Easy to park, aff ordable, effi cient, all in a lunch-box shape
• So average and inconspicuous they are a favorite of drug dealers everywhere
BMW M3• Even if drivers are kind
environmentalists and volunteer at homeless shelters, passersby sti ll think he is a “show-off y, wealth obsessed d-bag”
• High-end car driven by the children of hardworking parents
MOTORCYCLE• Cheap, dangerous,
thrilling, and the number one vehicle on your mother’s hit list
• Most drivers are members of Sons of Anarchy or watch it on Netf lix
RANGE ROVER• The hot rich mom car
• Usually driven by really hot, really rich mom
• This mom is really hot
PORSCHE BOXSTER• Usually bought at the
peak of a midlife crisis
• Oft en seen in the left lane going the speed limit
HORSE AND CARRIAGE• Preferred by the Amish
Google engineer
• Also seen with very very dedicated hipsters
23silicon valley
BAY AREA TO STANDARD AMERICAN ENGLISH TRANSLATOR
By Louis Weinstein, Published by Timothy McSweeny’s
“Who are you again?” BAY AREA“What company do you work for?” ENGLISH
“Do you live in this neighborhood?”“Can you aff ord to live in San Francisco?”
“We should get lunch.”“I’ve identi fi ed your value relati ve to me and wish to start the process of exploiti ng your talents.”
“Our new mobile opti mizati on will change the internet as we know it.”“My startup has yet to go public and is acti vely seeking angel investors.”
“What’s your Facebook?”1. “I would like to mine the Internet for informati on about you that basic social customs preclude me from directly asking about.”2. “I would like to ogle you.”
“I’ll take a bott le of the most expensive wine you have.”“I have enough money to get away with how insuff erable I’m about to be. Yes, I am 22.”
“Thanks for your interest, but we’ve decided to promote Mitch.”“Good luck being a woman in this city. Please, for both our sakes, don’t show emoti on.”
“Where are you, now?”“As our relati onship is enti rely based on our previous co-working experience and this social occasion has mandated that we talk, please defi ne yourself through your current employer. This way, we can have something to discuss unti l we reach a mutual sati sfactory level of social interacti on or I determine that your employment may be of value to me at which point I will suggest that we ‘get lunch’.”
“Cozy studio in south Nob Hill, $2,400/mo”“Extra closet space in former meth lab, Tenderloin district. You will have two roommates and no kitchen. Actually $3,845/month. Parti al roof.”
YOU’RE NOT AN ENTREPRENEUR IF...
You ask “Steve who?”or “Elon who?”
You check when the bank holidays are for your offi ce
You get a speeding ti cket and you don’t pitch your startup to the offi cer
You don’t have a TGIS (Thank God It’s Sunday) because that’s when your week starts
You hire a consultant to see if your plan is feasible
You start your business with the goal of selling it
You’re at a Giants game and you don’t have at least one idea for an app that would revoluti onize baseball
You haven’t maxed out at least two credit cards keeping your company afl oat
You haven’t been told by your friends to be realisti c and get a real job
Your signifi cant other tells you it’s them or your business and you don’t say “I love you and I’ll miss you”
22 The Global Silicon Valley Handbook
the SILICON VALLEYPARKING GARAGE
TESLA MODEL S• Signature car of the
Valley and the CEO’s car, usually parked next to the CFO’s Tesla
• Combines the make and price of a Lambo with the sound of a mute ferret
MINI COOPER• Usually bought by
men and women who think the car is “soooo adorable”
• Has an inferiority complex when parked next to any Hot Wheels
HONDA ODYSSEY• The soccer mom or dad
car
• Has surprising ability to be a “whip,” gunning down the freeway to make it to soccer practi ce on ti me
TOYOTA PRIUS• The workingperson’s car
• Easy to park, aff ordable, effi cient, all in a lunch-box shape
• So average and inconspicuous they are a favorite of drug dealers everywhere
BMW M3• Even if drivers are kind
environmentalists and volunteer at homeless shelters, passersby sti ll think he is a “show-off y, wealth obsessed d-bag”
• High-end car driven by the children of hardworking parents
MOTORCYCLE• Cheap, dangerous,
thrilling, and the number one vehicle on your mother’s hit list
• Most drivers are members of Sons of Anarchy or watch it on Netf lix
RANGE ROVER• The hot rich mom car
• Usually driven by really hot, really rich mom
• This mom is really hot
PORSCHE BOXSTER• Usually bought at the
peak of a midlife crisis
• Oft en seen in the left lane going the speed limit
HORSE AND CARRIAGE• Preferred by the Amish
Google engineer
• Also seen with very very dedicated hipsters
23silicon valley
BAY AREA TO STANDARD AMERICAN ENGLISH TRANSLATOR
By Louis Weinstein, Published by Timothy McSweeny’s
“Who are you again?” BAY AREA“What company do you work for?” ENGLISH
“Do you live in this neighborhood?”“Can you aff ord to live in San Francisco?”
“We should get lunch.”“I’ve identi fi ed your value relati ve to me and wish to start the process of exploiti ng your talents.”
“Our new mobile opti mizati on will change the internet as we know it.”“My startup has yet to go public and is acti vely seeking angel investors.”
“What’s your Facebook?”1. “I would like to mine the Internet for informati on about you that basic social customs preclude me from directly asking about.”2. “I would like to ogle you.”
“I’ll take a bott le of the most expensive wine you have.”“I have enough money to get away with how insuff erable I’m about to be. Yes, I am 22.”
“Thanks for your interest, but we’ve decided to promote Mitch.”“Good luck being a woman in this city. Please, for both our sakes, don’t show emoti on.”
“Where are you, now?”“As our relati onship is enti rely based on our previous co-working experience and this social occasion has mandated that we talk, please defi ne yourself through your current employer. This way, we can have something to discuss unti l we reach a mutual sati sfactory level of social interacti on or I determine that your employment may be of value to me at which point I will suggest that we ‘get lunch’.”
“Cozy studio in south Nob Hill, $2,400/mo”“Extra closet space in former meth lab, Tenderloin district. You will have two roommates and no kitchen. Actually $3,845/month. Parti al roof.”
YOU’RE NOT AN ENTREPRENEUR IF...
You ask “Steve who?”or “Elon who?”
You check when the bank holidays are for your offi ce
You get a speeding ti cket and you don’t pitch your startup to the offi cer
You don’t have a TGIS (Thank God It’s Sunday) because that’s when your week starts
You hire a consultant to see if your plan is feasible
You start your business with the goal of selling it
You’re at a Giants game and you don’t have at least one idea for an app that would revoluti onize baseball
You haven’t maxed out at least two credit cards keeping your company afl oat
You haven’t been told by your friends to be realisti c and get a real job
Your signifi cant other tells you it’s them or your business and you don’t say “I love you and I’ll miss you”
![Page 28: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/28.jpg)
Erlich Bachman’s Guide to Business
“
”
We’ll call you when we want pleated khakis.
![Page 29: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/29.jpg)
Erlich Bachman’s Guide to Business
“
”
You just brought shit to a piss fight.
![Page 30: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/30.jpg)
Every day in America 1,100
new businesses are formed.
Source: Gallup, U.S. Census Bureau
![Page 31: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/31.jpg)
Every day in America 1,300 businesses fail.
Source: Gallup, U.S. Census Bureau
![Page 32: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/32.jpg)
In 2014, Venture Capitalists invested in
4,356 companies.
Source: NVCA, PwC
![Page 33: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/33.jpg)
In 2014, just 115 venture-backed companies went
public….
Source: Thomson Reuters, NVCA
![Page 34: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/34.jpg)
…and that was the best year since 2000.
Source: Dow Jones Venture Source, Fenwick & West
![Page 35: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/35.jpg)
20% Chance Company Survives First 3 Years
![Page 36: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/36.jpg)
What kind of nut would start a
business?
![Page 37: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/37.jpg)
Name that “Nut”
![Page 38: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/38.jpg)
Lost job in ’32
![Page 39: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/39.jpg)
Defeated in race for State Legislature in ’32
![Page 40: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/40.jpg)
Failed in business ‘33
![Page 41: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/41.jpg)
He had a nervous breakdown in ’41
![Page 42: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/42.jpg)
Defeated in races for:
Congress in ‘43 Senate in ‘55
Vice President in ‘56 Senate in ‘58
![Page 43: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/43.jpg)
And the answer is…
![Page 44: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/44.jpg)
![Page 45: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/45.jpg)
Teachers told him he was “too stupid to learn anything”
![Page 46: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/46.jpg)
Fired from his first two jobs for lack of productivity
![Page 47: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/47.jpg)
Thomas Edison
![Page 48: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/48.jpg)
$256 Billion Market Cap
![Page 49: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/49.jpg)
He was fired by a newspaper editor because he "lacked imagination
and had no good ideas"
![Page 50: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/50.jpg)
Launched film studios in 1920 and 1921… both went bankrupt
![Page 51: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/51.jpg)
![Page 52: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/52.jpg)
$173 Billion Market Cap
![Page 53: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/53.jpg)
![Page 54: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/54.jpg)
$208 BillionMarket Cap
![Page 55: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/55.jpg)
“In order to earn better than a ‘C’, the idea must be feasible.”
-Yale professor response to a paper he submitted in 1965
![Page 56: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/56.jpg)
![Page 57: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/57.jpg)
Wilson turned FedEx’s last $5,000 into $27,000 at the Black Jack table
![Page 58: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/58.jpg)
Whatever it Takes
![Page 59: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/59.jpg)
$41 Billion Market Cap
![Page 60: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/60.jpg)
Dyslexic
![Page 61: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/61.jpg)
Turned down by 53 banks for a business loan
![Page 62: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/62.jpg)
![Page 63: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/63.jpg)
Founded 8$1 Billion Dollar Businesses
![Page 64: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/64.jpg)
College dropout
![Page 65: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/65.jpg)
Dumped from the company he founded
![Page 66: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/66.jpg)
Next business was a near failure
![Page 67: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/67.jpg)
![Page 68: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/68.jpg)
Largest Market Cap in the World
![Page 69: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/69.jpg)
Fired as CEO while on vacation
![Page 70: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/70.jpg)
Spent every dime he had to keep his next company afloat
![Page 71: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/71.jpg)
Other company he founded literally crashed and burned
![Page 72: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/72.jpg)
![Page 73: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/73.jpg)
$32 Billion Market Cap
![Page 74: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/74.jpg)
$12 Billion Valuation
![Page 75: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/75.jpg)
Moore’s Law 50th Anniversary
![Page 76: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/76.jpg)
![Page 77: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/77.jpg)
Moore’s Law
![Page 78: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/78.jpg)
2000 2015$0.04
$7.03
Cost of Computing (per MM transistors)
Source: Deloitte
98% decline
![Page 79: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/79.jpg)
2000 2015$0.02
$4.77
Cost of Storage (per GB)
Source: Deloitte
99% decline
![Page 80: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/80.jpg)
1990: $20KToday: $1
Source: Deloitte
![Page 81: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/81.jpg)
Global Internet Users (billions)
1996 1999 2002 2005 2008 2011 2015
3.12.2
1.51.0
0.70.30.1
21% CAGR
Source: Internet Live Stats
![Page 82: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/82.jpg)
2.0 B+ Smart Phone Users
Source: eMarketer
![Page 83: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/83.jpg)
2012 2013 2014 2015 (P) 2016 (P) 2017 (P)
270225
180140
10070
Android and iOS App Downloads (billions)
Source: Gartner
31% CAGR
![Page 84: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/84.jpg)
Austin
![Page 85: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/85.jpg)
Boston
![Page 86: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/86.jpg)
Chicago
![Page 87: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/87.jpg)
Sao Paulo
![Page 88: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/88.jpg)
Mumbai
![Page 89: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/89.jpg)
Shanghai
![Page 90: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/90.jpg)
Dubai
![Page 91: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/91.jpg)
Global Silicon Valley
![Page 92: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/92.jpg)
ImagiNation
![Page 93: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/93.jpg)
Founded: 2004
![Page 94: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/94.jpg)
Source: Facebook, World Bank
Population Size
1.5B 1.24B1.35B
![Page 95: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/95.jpg)
Founded: 1921
![Page 96: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/96.jpg)
Founded: 2009
![Page 97: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/97.jpg)
Market Value: $51 Billion
![Page 98: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/98.jpg)
S t . P e t e r ’s S q u a re : 2 0 0 5
![Page 99: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/99.jpg)
S t . P e t e r ’s S q u a re : 2 0 1 3
![Page 100: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/100.jpg)
Founded: 1888
![Page 101: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/101.jpg)
Market Value: Bankrupt
![Page 102: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/102.jpg)
Founded: 2011
![Page 103: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/103.jpg)
Market Value: $15 Billion
![Page 104: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/104.jpg)
Founded: 1957
![Page 105: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/105.jpg)
Market Cap: $7 Billion
![Page 106: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/106.jpg)
Founded: 2008
![Page 107: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/107.jpg)
Market Value: $25 Billion
![Page 108: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/108.jpg)
Things change…
![Page 109: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/109.jpg)
U.S. Workforce Breakdown: 1800
95%
5%
Agriculture
Other
Source: U.S. Bureau of Labor Statistics, GSV Asset Management
![Page 110: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/110.jpg)
Life Expectancy 1800: 37
![Page 111: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/111.jpg)
U.S. Workforce Breakdown: 1900
42%
30%
28%
Services & Information
Agriculture Industrial
Source: U.S. Bureau of Labor Statistics, GSV Asset Management
![Page 112: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/112.jpg)
PLAY LEARN WORK RETIRE
0-5 25-65 65+5-25
Old System1900
![Page 113: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/113.jpg)
![Page 114: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/114.jpg)
“As GM Goes, So Goes the Nation.”
-Charles Wilson CEO, General Motors (1953)
![Page 115: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/115.jpg)
$0
$25
$50
$75
$100
2000 2001 2002 2003 2004 2005 2007 2008 2009
GM Share Price, 2000-2009
Source: CapitalIQ
![Page 116: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/116.jpg)
![Page 117: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/117.jpg)
Only 12% of the Companies on the 1955 List Remain
![Page 118: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/118.jpg)
Since 1990, Fortune 500 Lost 25 Million Jobs…
![Page 119: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/119.jpg)
75 Million Jobs Created by New Businesses
![Page 120: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/120.jpg)
U.S. Workforce Breakdown: 20201%
95%
4%
Services & Information
IndustrialAgriculture
Source: U.S. Bureau of Labor Statistics, GSV Asset Management
![Page 121: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/121.jpg)
Today: 30% of Newborns Will Live to be 100
Source: New York Times
![Page 122: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/122.jpg)
Millennials’ Projected Lifetime
Careers: 15+
Source: Forbes, U.S. Bureau of Labor Statistics
![Page 123: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/123.jpg)
“Siri, make me a
sandwich.”
![Page 124: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/124.jpg)
PLAY WORK RETIRE?
0-5 JOB
LEARN
SCHOOL JOB JOB JOB
New System
![Page 125: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/125.jpg)
ENTREPRENEUR
![Page 126: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/126.jpg)
As the entrepreneur goes, so goes the
Global Silicon Valley
![Page 127: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/127.jpg)
Thank You!
@michaelmoe
A2Apple Blog
![Page 128: Pioneer Summit 2015 Opening Keynote by Michael Moe](https://reader030.fdocuments.in/reader030/viewer/2022011722/58ed6e801a28ab3d058b458d/html5/thumbnails/128.jpg)