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Entrepreneurial Thought Leaders (ETL)

Hemant Shah (RMS) - A True Model for Embracing Change

Entrepreneurial Thought Leaders (ETL)

Stanford eCorner

Journey, Startups, Education, Stanford, Culture, Strategy, Stanford University, Entrepreneurship, Business, Life Lessons, Thought Leadership, Creativity, Etl, Challenges, Leadership, Innovation, Founders

4.4739 Ratings

🗓️ 26 February 2014

⏱️ 62 minutes

🧾️ Download transcript

Summary

Hemant Shah, co-founder and CEO of RMS, takes students on a ride through the highs and lows of growing and changing a company. From early days in an apartment with co-founders, to making the tough calls as a market leader in risk and catastrophe modeling, Shah discusses lessons around culture, business models, and pivoting a value proposition.

Transcript

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0:00.0

You are listening to the DFJ Entrepreneurial Thought Leaders series, brought you weekly by the Stanford Technology Ventures Program.

0:10.0

You can find podcasts and videos of these lectures online at eChorner.standford.edu.

0:16.0

I am super psyched to be introducing Hemet Shaw today.

0:23.8

Hemet and I have the pleasure of working together a little bit in my non-DFJ non-Stanford work,

0:30.3

and I got to know him through that, and RMS is just a super interesting, fantastic company.

0:37.4

Hemet is a faculty brat.

0:39.4

He actually was raised here on the Stanford campus, went to elementary school, high school,

0:44.3

went to Stanford undergrad, got his degree in civil engineering,

0:48.0

and has his master's from Stanford as well.

0:50.1

So they don't get any more cardinal red than Hemet, right?

0:55.1

And he is going to talk to us today about RMS and his experience.

0:59.4

Without any further ado, Hemet, take the show.

1:07.9

Thank you, Heidi.

1:09.0

I am definitely a Stanford brat. When I finally got married in 1998,

1:17.0

and Danielle and I decided to move to San Francisco, my mother was in tears. She's like,

1:22.4

oh my God, you're leaving us. Like, you're moving all the way to San Francisco. I'm like,

1:25.7

Mom, I'm finally leaving the zip code for the first time in my life. I'd also like to just acknowledge right from the get-go

1:33.6

my father, Professor Horesh Shah, who got his graduate degree and his doctorate here at Stanford

1:40.7

and then came back to teach as a young professor, which is why I grew up on the Stanford campus.

1:45.4

And my father's life work as a pioneering researcher

1:49.5

in the field of earthquake risk assessment

1:51.5

was not only the inspiration for this business,

...

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