Entrepreneurial Thought Leader Lecture

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The Successful Leap from Research Lab to Enterprise - John Hennessy (Stanford)
Date: 2/18/2009
Length: 2 minutes
Speaker(s): John Hennessy
Sources: Stanford Technology Ventures Program
Description: Why are companies that plant roots in academia or a research environment more successful than other start-ups? John Hennessy, President of Stanford University, says that these research-heavy innovators are not only well-versed in
their subject matter, but they are also optimists for their project's eventual triumph.

Other Videos in Series

Encouraging Cross-Disciplinary Interaction - John Hennessy (Stanford)
John Hennessy
2/18/2009
Summary: How is Stanford University facilitating long-lasting relationships between departments? President of the University John Hennessy encourages students to make connections, but he also highlights other more concrete efforts to align
research in adjacent disciplines. Stanford also provides some seed capital for aspiring ventures with promise. Watch More
Launching a New University - John Hennessy (Stanford)
John Hennessy
2/18/2009
Summary: Though the ambitions of those who wish to start a great learning institution are admirable, chances are, says Stanford President John Hennessy, that they lack the financial resources to make it so. Ten billion dollars is mere seed
funding, says Hennessy. If one still decides to pursue the business of academia, he suggests that the rollout is slow. Start small and excellent, with a single great program, and scale gradually. Your organization will go farther than if you
begin both broad and thin. If your institution is quality, it will attract top talent from across the globe, promoting its own future success. Watch More
Take a Chance at the Edge of Innovation - John Hennessy (Stanford)
John Hennessy
2/18/2009
Summary: Universities and research labs force people to live on the edge of technology, says John Hennessy, President of Stanford University. And this exploration, he points out, helps them to uncover that which is not obvious. Hennessy
recalls a case study to prove his point. Thinking back to his first interaction with the Yahoo! prototype, he notes that the company's founders were motivated by a need for real navigation. He also talks about how the meaning of search evolved
as the web's user base and content grew, and that Google's approach better met that market need. Both companies identified real opportunity and acted accordingly. Watch More
The Successful Leap from Research Lab to Enterprise - John Hennessy (Stanford)
John Hennessy
2/18/2009
Summary: Why are companies that plant roots in academia or a research environment more successful than other start-ups? John Hennessy, President of Stanford University, says that these research-heavy innovators are not only well-versed in
their subject matter, but they are also optimists for their project's eventual triumph. Watch More
Tying Pay to Performance - John Hennessy (Stanford)
John Hennessy
2/18/2009
Summary: During the 2008/2009 era of the government bailout of the banks, Stanford President John Hennessy strongly suggests that executive compensation should be directly tied to measurable performance in any enterprise. He points to
current research that found that the best performing companies on Wall Street - even during this stifling climate - have CEO's whose earning are tied to measurable profitability. Watch More
University Collaboration and Research - John Hennessy (Stanford)
John Hennessy
2/18/2009
Summary: How can the academic environment begin to solve some of the largest problems on the planet? Environmental sustainability, energy use, and disease biology are just a few of the world's looming issues that require not just a single
innovation for progress, but collaborative, interdisciplinarian solutions. It is the university's responsibility, says Stanford President John Hennessy, to assemble diverse teams that can address these issues and offer them the resources to
explore them. It is unlikely, he says, that these large global issues will be successfully addressed by a pure entrepreneurship model. Watch More

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