Entrepreneurial Thought Leader Speaker Series

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A Good Team Needs Technical and Non-technical People - John Hennessy (Stanford)
Date: 4/21/2004
Length: 3 minutes
Speaker(s): John Hennessy
Sources: Stanford Technology Ventures Program
Description: A good entrepreneurial company requires a variety of people with diverse skills, says Hennessy. Though there is a natural tendency to focus on the technology side of the company, non-engineering people are just as critical as the
engineering people. In addition, the success of a venture is not based solely on the skills of the technical employees, but on the ability of the team to work together.

Other Videos in Series

A Good Team Needs Technical and Non-technical People - John Hennessy (Stanford)
John Hennessy
4/21/2004
Summary: A good entrepreneurial company requires a variety of people with diverse skills, says Hennessy. Though there is a natural tendency to focus on the technology side of the company, non-engineering people are just as critical as the
engineering people. In addition, the success of a venture is not based solely on the skills of the technical employees, but on the ability of the team to work together. Watch More
Bioengineering: Supporting Innovation Across Disciplines in a University Setting - John Hennessy (Stanford)
John Hennessy
4/21/2004
Summary: Hennessy explains that the Clark Center is important to the future of Stanford because it represents the growing importance of biology to the coming century. It is a radical organization for a university because it brings together
faculty from a broad range of departments in an attempt to understand the translation between basic science and the applications of basic science. Watch More
Envisioning New Centers of Entrepreneurial Activity - John Hennessy (Stanford)
John Hennessy
4/21/2004
Summary: Hennessy explains It is not necessarily a bad thing that centers of entrepreneurship are beginning to emerge elsewhere. The high cost of living in the Silicon Valley will be a key issue in its future because it will be a challenge
to be number one in the burgeoning biotech revolution while maintaining the current cost structure. Watch More
Faculty and Startups: Conflict of Interest or Conflict of Commitment? - John Hennessy (Stanford)
John Hennessy
4/21/2004
Summary: Hennessy answers the question: Can the walls between Stanford and Silicon Valley ever become too permeable? Yes, he says, there are situations in which a conflict of interest or conflict of commitment can cause problems. The break
between academia and business should occur when the focus of the research becomes about productizing the research rather than about the research itself. Watch More
Gravity Pro-B: Government Projects and Spin-off Companies - John Hennessy (Stanford)
John Hennessy
4/21/2004
Summary: Hennessy explains there are opportunities for spin-off technology from big science government projects which can lead to startups and companies. GPS, which was a successful spin-off of Gravity Pro-B, is an example. He believes
that the best environments for discovery and creativity are ones that include a wide range of people with different expertise. Universities are special because they provide the opportunity for people to work together and share ideas, creating
a more productive, and more interesting, environment. Watch More
If You're So Smart, How Come You're Not Rich? - John Hennessy (Stanford)
John Hennessy
4/21/2004
Summary: Hennessy answers the question: How do you get people to stay at Stanford when there is so much opportunity in the business sphere? He remarks that companies are great things, but they are missing most of what makes a university so
appealing to its employees: the freshness and excitement of the students and the freedom to conduct one's own research. Watch More
Observations on the Biotech and Biomedical Devices Space - John Hennessy (Stanford)
John Hennessy
4/21/2004
Summary: Hennessy explians that the biotech and biomedical space are characterized by the importance of patents. Contrarily, patents are not crucial in intellectual property companies because there are often many comparable ways to do the
same thing. Additionally, most IT companies spun out of a university fail because they miss the market window, not because the technology fails. For biotech companies, success is much more based on the patent and the quality of the technology,
he adds. Watch More
Opportunities in Social Entrepreneurship - John Hennessy (Stanford)
John Hennessy
4/21/2004
Summary: Hennessy talks about how entrepreneurship holds great potential for social endeavors. Entrepreneurs think about solving problems in different ways and therefore can offer unique and innovative solutions. Not all the lessons from
business can carry over, but many will apply, he adds. Watch More
Silicon Valley: History and Secret - John Hennessy (Stanford)
John Hennessy
4/21/2004
Summary: John Hennessy, Stanford University's 10th president, talks about how the future of Silicon Valley lies in supporting the creative environment fueled by the combination of universities, big companies, and the entrepreneurial
spirit. The creative environment is conducive to innovation because you never can predict where the next breakthrough will occur, he says. Watch More
The Downside of Silicon Valley - John Hennessy (Stanford)
John Hennessy
4/21/2004
Summary: Hennessy believes there is a penalty for living in the technology center of the world. It comes in the form of a high cost of living and being subjected to the fickleness of the entrepreneurial spirit, demonstrated by the bursting
of the bubble. Some sacrifices have to be made to stay, but ultimately, the Silicon Valley is too exciting a place to leave, he adds. Watch More
The Way to Predict the Future is to Invent It - John Hennessy (Stanford)
John Hennessy
4/21/2004
Summary: Hennessy predicts that the internet revolution is only half over. The remaining opportunities will be harder to find, but there is still a big impact to be made. Computers are still way too complicated and could be doing a lot
more for the user. Wireless technology will increase mobility. In order to allow the continuation of increased performance in computing, there will have to be some major changes in technology. Watch More

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