Guest Lecture TU/e
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Guest lecture at the Eindhoven University of Technology for the Master Innovation Management.
Transcript of Guest Lecture TU/e
main() { printf("hello, eindhoven\n"); }
lucas tieleman
don’t be a fool. get out of school.
but..
defense against the dark arts
1. magical times
2. magical opportunities
cheap magical devices connected to all the worlds information and people
2 types of businesses
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1 - n
technology
globalization
what important truth do very people agree with you on?
what great company is no one starting?
what is your secret?
3. magical money
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money is better than poverty, if only for financial reasons - andy warhol
founders
equality above all
if you want to build a ship, don't drum up people together to collect wood and don't assign them tasks and work, but rather teach them to long for the endless immensity of the sea - antoine de saint-exupery
friends, family & fools
honesty above all
angels
the need to know wtf they’re doing
venture capital
portfolio companies
vc’s take a cut
the 2-and-20 rule
2% as management fee
20% of the gains (the carry)
output > input
venture capital is really fucking hard
exponential power
the most powerful force in the universe is compound interest
power law
a VC portfolio will only make money if their best company investment ends up being worth more than your whole fund.
is there a reasonable scenario where their stake in your company will be worth more than the whole fund?
4. magic tricks
don’t re-invent the fucking wheel
show don’t tell
know your audience
raise when you don’t need the money
be nice & friendly
get a decent lawyer
the secret impresses no one, the trick you use it for is everything
5. shit they don’t teach in school
it’s not checkers, it’s motherfucking chess
the more that you read, the more things you will know. the more that you learn, the more places you'll go.
winning isn’t everything, but wanting to win is.
think outside the box, collapse the box, and take a fucking sharp knife to it.
it isn’t flying, it’s falling with style
life’s like a movie, write your own ending. keep believing, keep pretending
have fun :)
