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

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

This week we have a truly wonderful speaker to kick off the quarter. Hugh Martin, I met

him this last summer when he was hosting one of our students who was a Mayfield fellow

at the company and instantly I said, oh my gosh, we need to get you in to be a speaker here.

Hugh has been involved with starting many companies and is quite a seasoned and wise

entrepreneur. He is now the chairman and CEO of Pacific Biosciences and was recently named,

which was recently named the hottest startup in Silicon Valley. And in fact, Forbes just

named Pacific PacBio's technologies, one of the five technologies to change the decade.

And he's been involved with technology and entrepreneurial ventures for 30 years.

And I want to tell you the name of his talk is 30 years, six companies,

11 bad ideas, 13 good ideas.

Hopefully you can learn faster than I did.

So without further ado, Hugh.

Well, thank you very much. I need to apologize in advance because I'm not sure that I would consider

myself to be a thought leader, but I am someone that likes to build things,

in particular I like to build companies.

In talking and thinking about how I would couch all this today,

I decided to put it in the context of what I've done

since graduating from college.

So you're going to get effectively three stories. You're going

to get the story of Hugh. You're going to get the story of a number of interesting companies,

...