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Entrepreneurial Thought Leaders (ETL)

Ravi Belani (Stanford University) - Building Billion Dollar Businesses

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

🗓️ 11 March 2020

⏱️ 43 minutes

🧾️ Download transcript

Summary

As a lecturer in Stanford’s Department of Management Science and Engineering, Ravi Belani regularly teaches MS&E 472, the Stanford course associated with the Entrepreneurial Thought Leaders series. He is also the managing director of Alchemist Accelerator, an accelerator program that focuses on enterprise businesses and has funded startups like LaunchDarkly, Rigetti Computing and Zipongo. Before Alchemist, he spent four years as an associate at the VC firm DFJ. There, he was instrumental in backing the company that later became Twitch, which was acquired by Amazon for $970 million in 2014. In this talk, he draws on his keen observations of the Silicon Valley ecosystem to identify the factors that align to create the most transformational venture-scale businesses.

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Transcript

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0:00.0

Who you are defines how you build.

0:06.7

This is the Entrepreneurial Thought Leaders series.

0:10.7

Brought to you by Stanford E-Corner.

0:13.9

On this episode, we're joined by Ravi Balani.

0:17.7

Ravi is a lecturer in Stanford's Department of Management Science and Engineering

0:21.6

and the Managing Director of Alchemist Accelerator.

0:25.6

Here's Robbie.

0:27.6

Today we're going to be talking about building venture-scalable businesses or billion-dollar businesses,

0:36.6

and I want to say that that is just one slice of entrepreneurship.

0:39.3

It is an important slice, but it is a narrow slice. And I want to caveat this by saying that your first job,

0:45.3

if you feel the calling of entrepreneurship, is to reflect within about what is authentically right for you,

0:51.3

and then to curry the resources, talent, and capital to get

0:54.6

your mission to be realized.

0:56.9

And if that can align with the venture-backed model, you can do amazing things, but every company

1:02.8

and every venture is different.

1:05.1

And the second thing I just want to say is that my intention here is to really distill the

1:10.0

nuggets of insight that I've collected

1:12.2

along the way over the 20 years since I was in your seat as a Stanford student. And to

1:16.6

share those nuggets. And every now and then you'll pick out, pick a nugget of insight

1:20.3

that will come to you in life to try to distill those for you, for anybody who's going

1:24.7

down this path. And my defining professional work experience was in venture capital, and so that is why this talk

1:31.3

is going to be about building billion dollar businesses. Okay, so we're going to be talking

...

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