John Lilly (Greylock Partners) - White Space is Everywhere

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

4.4 • 739 Ratings

🗓️ 30 January 2013

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Entrepreneur and investor John Lilly makes a sound pitch for why this moment in time is full of promise for passionate entrepreneurs willing to charge into the current white space of opportunity. Lilly also explains the idiosyncratic nature of investors and the goal of creating large, durable companies with the capacity to change the world.

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 was really lucky, and I'm very lucky, to still know him.
0:23.6	He was a little lucky known when he was a student here.
0:27.3	And that was just a little while ago.
0:30.3	He was in the computer science department, and he had that job that many of you probably
0:36.1	heard about, but you know in 106A, and computer science
0:39.8	106A, there's the section leaders, the TAs, and then there's the coordinator of the, and it's
0:46.7	a class for those TAs.
0:49.7	That coordinator is a very special position.
0:52.6	So that's when I first met John, because he held that position in the late 90s.
0:56.0	We get, maybe early 90s. And then I had the luck. Every once in a while, professors allowed to be on a board of directors.
1:04.0	So he started a company and I, as the CEO of that company called Reactivity, and I was on that board for a while, so I got
1:12.1	to see him in action as an entrepreneur and CEO. And then to fast forward, he's now at Greylock,
1:19.3	one of the top venture capital firms in the entire world doing a really, really good job there.
1:25.3	So we're so glad that he's here.
1:27.8	He's on his way to the basketball game tonight, but he stopped by to talk with us.
1:31.9	So let's give John Lilly a big homecoming welcome.
1:39.3	Okay, so this is highly stressful to get up in front of everybody and talk.
1:45.0	It's been a little while since I've done this, so I'll do the best I can.
1:48.0	I guess I should mention, you know, when Tom was on my board, the first thing he did when he first, when he first started talking about is like,
1:55.0	well, are you guys, I'm trying to figure out, are you guys assholes or not?
	...

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