Best videos from LeWeb 2011


Posted by superuser on Thursday 8th of December 2011 | 0 Comment(s)

Bill Gross, Founder and CEO of Idealab

An Entrepreneur worth listening to. What a model for launching successful businesses

Lessons:

1. Market power rules - Marketing is taking off without you having to do anything about it. Makes easier to sell, as customers are already looking for solutions.
2. Master the demo - learning how to sell, how to pitch, how to explain and to demonstrate is one of the most valuable entrepreneurial skills
3. Pursue your passion - every business will face huge challenges that you will only overcome if you have deep passion for the idea
4. Focus Focus Focus - focus is always better, even if you pick the wrong focus. Do fewer things extraordinary well.
5. Recognise your strengths - design a structure around them and balance that by hiring complementary skills
6. Don't overbuild - The world can change fast. Its better to grow slowly than go out of business with over capacity
7. Survive until the market is ready - if you have a great offering, but the market isn't ready for you yet, immediately cut your burn to survive until the market is there.
8. Test Test Test - find a way to test your core proposition with your customer and manage your resources to adopt that learning.
9. Stick with it - when you know you have a great idea, stick with it despite what the critics say
10. Find essential partners - if you have a world changing idea with huge capital requirements, work hard to get the partners you need to achieve your vision.
11. Harness your users' passion - In the new world of media, you must create automated ways for your customers to bring you new customers
12. All truth passes through 3 stages - first it is ridiculed, second it is violently opposed, third, it is accepted as being self-evident

Interview of Daniel Ek, Co-Founder & CEO, Spotify

Great video....

Phil Libin, CEO, Evernote and Loic Le Meur, Founder, LeWeb

Evernote is one of few companies that speaks out about numbers.

1. 7:43 Percentage of monthly return users
2. Focus on FREE, no pressure for upgrading - building long term value. If you give enough time to fall in love, they will eventually pay.
3. 750,000 paid users out of 20 million users paying $45

Sean Parker and Shervin Pishevar with Alexia Tsotsis

Carmine Gallo, Author, 7 Principles of Innovation based on the “Innovation Secrets of Steve Jobs.”

1. People with passion can change the world for the better. What are you passionate about?
2. Vision helps you see things that other people may miss. Greatest visions in the world are bold, simple and concise.
3. Remove clutter from your product.
4. Keep everything to three things.
5. Think visually.
6. Sell dreams not products. Help me accomplish my dreams and you have a customer for life.
7. Dream bigger. See the genius in your craziness.