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Frem%dens	
  Inkubator	
  
(Fra	
  Silo	
  %l	
  Pla6orm)	
  
Silvija	
  Seres	
  
SIVA	
  Workshop	
  
Septemberl	
  16,	
  2015	
  
A	
  few	
  words	
  about	
  me	
  
IT	
  studies:	
  BSc	
  and	
  MSc	
  in	
  Informa8cs,	
  University	
  of	
  Oslo	
  
Academic	
  research:	
  PhD	
  in	
  Maths,	
  Oxford	
  University,	
  Fellow	
  Magdalen	
  College	
  
Teaching:	
  Prof	
  in	
  Saudi	
  Arabia,	
  Advisor	
  in	
  China	
  
SoFware	
  Development:	
  DEC	
  SRC	
  in	
  Silicon	
  Valley,	
  Alta	
  Vista	
  
Business	
  studies:	
  MBA	
  at	
  INSEAD	
  
Management:	
  Fast	
  Search	
  6	
  Transfer,	
  MicrosoF	
  
Business	
  Development:	
  Boards	
  and	
  investments	
  GeoKnowledge,	
  Camo,	
  Sonitor	
  
Board	
  Work:	
  Nordea,	
  StatkraF,	
  Norsk	
  Tipping,	
  Aschehoug,	
  Norman,	
  Telenor	
  
Research	
  and	
  society:	
  NFR,	
  Sintef,Teknologirådet,	
  Polyteknisk	
  Forening	
  
	
  
	
  
silvija.seres@gmail.com	
  
www.technorocks.com	
  
The	
  Road	
  To	
  Success	
  
Innovator’s	
  	
  dilemma	
  
The	
  Innovator's	
  Dilemma:	
  When	
  New	
  Technologies	
  Cause	
  
Great	
  Firms	
  to	
  Fail:	
  successful	
  companies	
  can	
  put	
  too	
  much	
  
emphasis	
  on	
  customers'	
  current	
  needs,	
  and	
  fail	
  to	
  adopt	
  new	
  
technology	
  or	
  business	
  models	
  that	
  will	
  meet	
  customers'	
  
unstated	
  or	
  future	
  needs	
  
Innovator	
  REAL	
  dilemma	
  
Lessons	
  learned	
  
1.  Oxford:	
  Variety	
  of	
  extreme	
  talents	
  
2.  INSEAD:	
  Variety	
  of	
  powerful	
  mo%va%ons	
  
3.  DEC	
  SRC:	
  Uncompromising	
  recruitment	
  and	
  freedom	
  
4.  FAST:	
  Power	
  of	
  clear	
  vision	
  and	
  good	
  execu%on	
  
5.  MicrosoY:	
  Structured	
  processes	
  and	
  systems	
  
6.  SINTEF:	
  Combinatorial	
  experience	
  and	
  sufficient	
  funds	
  
7.  Simula:	
  World	
  class	
  goals	
  
8.  FORNY:	
  Inspiring	
  compe%%on	
  and	
  market	
  nudge	
  
9.  StartupLab:	
  Relevant	
  entrepreneurship	
  
10. StatkraY,	
  Norsk	
  Tipping	
  and	
  Nordea:	
  The	
  new	
  normal	
  
11. Teknologirådet:	
  Technology	
  and	
  democracy	
  
12. Several	
  VC	
  groups:	
  Exit	
  run	
  or	
  healthy	
  money	
  
hap://www.neatorama.com/2012/09/05/Four-­‐Geeky-­‐Laws-­‐That-­‐Rule-­‐Our-­‐World#!FoUL4	
  
What	
  incubators	
  need	
  more	
  of	
  
1.  Smart	
  money	
  	
  
2.  Slow	
  vision	
  and	
  fast	
  opera%on	
  
3.  Corporate	
  contacts	
  and	
  projects	
  
4.  Public	
  contacts	
  and	
  projects	
  
5.  Interna%onal	
  contacts	
  and	
  projects	
  
6.  Shared	
  organiza%onal	
  pla6orms	
  and	
  services	
  
7.  Talent	
  sourcing	
  channels	
  
8.  Independence	
  and	
  new	
  profiles	
  
9.  Courage	
  and	
  sense	
  of	
  urgency	
  
10. Execu%on,	
  execu%on,	
  execu%on	
  
hap://www.neatorama.com/2012/09/05/Four-­‐Geeky-­‐Laws-­‐That-­‐Rule-­‐Our-­‐World#!FoUL4	
  
Bloomberg’s	
  Example	
  
Bloomberg	
  Philanthropies	
  Mayors	
  Challenge	
  2014:	
  
155	
  applying	
  ci%es	
  come	
  from	
  28	
  countries	
  and	
  
represent	
  over	
  71	
  million	
  Europeans	
  
63%	
  involve	
  technology	
  
20%	
  involve	
  co-­‐design	
  
16%	
  involve	
  volunteers	
  
15%	
  involve	
  open	
  /	
  big	
  data	
  
14%	
  involve	
  open	
  innova%on	
  
12%	
  involve	
  gamifica8on	
  
Moore	
  and	
  friends	
  
Moore's	
  Law:	
  the	
  number	
  of	
  transistors	
  that	
  can	
  be	
  placed	
  
on	
  an	
  integrated	
  circuit	
  chip	
  is	
  doubling	
  every	
  two	
  years	
  	
  
"The	
  greatest	
  shortcoming	
  of	
  the	
  human	
  race	
  is	
  our	
  
inability	
  to	
  understand	
  the	
  exponen8al	
  func8on"	
  
E.g.	
  pixels	
  per	
  dollar	
  in	
  
digital	
  cameras	
  
But	
  also	
  mobiles,	
  tablets,	
  
nanocomputers,	
  
wearables,	
  drones,	
  cars,	
  …	
  
Our	
  cultural	
  systems	
  rapidly	
  incorporate	
  computer	
  
technology	
  into	
  our	
  thinking,	
  philosophy	
  and	
  psychology	
  
Gartner	
  Top	
  10	
  Strategic	
  Technology	
  Trends	
  
For	
  2013	
  	
  
1.  Personal	
  Cloud	
  	
  
2.  Hybrid	
  IT	
  &	
  Cloud	
  Compu8ng	
  	
  
3.  Mobile	
  Devices	
  Ba^les	
  	
  
4.  Mobile	
  Applica8ons	
  &	
  HTML5	
  	
  
5.  Enterprise	
  App	
  Stores	
  	
  
6.  Internet	
  of	
  Things	
  	
  
7.  Strategic	
  Big	
  Data	
  	
  
8.  Ac8onable	
  Analy8cs	
  	
  
9.  Mainstream	
  In-­‐Memory	
  
Compu8ng	
  	
  
10.  Integrated	
  Ecosystems	
  	
  
For	
  2014	
  	
  
1.  Personal	
  Cloud	
  	
  
2.  Hybrid	
  cloud	
  &	
  IT	
  as	
  service	
  broker	
  	
  
3.  Cloud/client	
  app	
  architecture	
  	
  
4.  Web-­‐scale	
  IT	
  	
  
5.  Enterprise	
  mobile	
  plaforms	
  	
  
6.  Mobile	
  apps	
  and	
  eco	
  systems	
  	
  
7.  The	
  Internet	
  of	
  everything	
  	
  
8.  Smart	
  machines	
  	
  
9.  SoFware-­‐defined	
  everything	
  	
  
10.  3D	
  Prin8ng	
  	
  
Four	
  geek	
  laws	
  worth	
  keeping	
  in	
  mind	
  
1.  Amara's	
  Law:	
  "We	
  tend	
  to	
  overes%mate	
  the	
  effect	
  of	
  a	
  
technology	
  in	
  the	
  short	
  run	
  and	
  underes%mate	
  the	
  effect	
  
in	
  the	
  long	
  run”	
  
2.  Brooks'	
  Law:	
  "Adding	
  manpower	
  to	
  a	
  late	
  soYware	
  project	
  
makes	
  it	
  later”	
  
3.  Thackara's	
  Laws:	
  "If	
  you	
  put	
  smart	
  technology	
  into	
  a	
  
pointless	
  product,	
  the	
  result	
  will	
  be	
  a	
  stupid	
  product"	
  
4.  Reed's	
  Law:	
  "The	
  Value	
  of	
  a	
  Network	
  Increases	
  
Drama%cally	
  When	
  People	
  Form	
  Subgroups	
  for	
  
Collabora%ons	
  and	
  Sharing”	
  
hap://www.neatorama.com/2012/09/05/Four-­‐Geeky-­‐Laws-­‐That-­‐Rule-­‐Our-­‐World#!FoUL4	
  
Metcalfe	
  vs	
  Reed,	
  1/2	
  
"Metcalfe's	
  Law"	
  or	
  network	
  effect:	
  The	
  value	
  of	
  a	
  network	
  
is	
  propor%onal	
  to	
  n2,	
  where	
  n	
  is	
  the	
  number	
  of	
  users	
  (1993)	
  
Metcalfe	
  vs	
  Reed,	
  2/2	
  
Metcalfe's	
  law	
  
understates	
  the	
  
value	
  of	
  the	
  third	
  
type	
  of	
  network.	
  
GFNs	
  actually	
  
increases	
  
exponen8ally	
  with	
  
the	
  number	
  of	
  
possible	
  sub-­‐groups.	
  
The	
  value	
  of	
  this	
  
network	
  is	
  roughly	
  
2n,	
  where	
  n	
  is	
  the	
  
number	
  of	
  
par%cipants.	
  
Reed,	
  2001:	
  three	
  different	
  types	
  of	
  networks:	
  	
  
1.  one-­‐to-­‐many	
  (broadcast	
  network	
  or	
  Sarnoff	
  
network,	
  like	
  TV	
  and	
  radio	
  networks)	
  
2.  one-­‐to-­‐one	
  (transac%onal	
  network	
  or	
  Metcalfe	
  
network,	
  such	
  as	
  emails	
  and	
  instant	
  messaging)	
  
3.  group-­‐forming	
  network	
  (GFN	
  or	
  many-­‐to-­‐
many)	
  
The	
  10	
  DOs	
  
1.	
  Do	
  not	
  compromise	
  on	
  people.	
  
Talented	
  people	
  have	
  a	
  strong	
  gravita%onal	
  field.	
  	
  
They	
  aaract	
  talent	
  and	
  other	
  resources.	
  
	
  
To	
  compete	
  on	
  a	
  global	
  basis	
  you	
  need	
  the	
  best	
  talent.	
  	
  
Invest	
  in	
  people	
  and	
  share	
  the	
  benefits	
  of	
  ownership.	
  	
  
Grow	
  both	
  effec%ve	
  teamwork	
  and	
  strong	
  individualists.	
  
Accept	
  eccentrics	
  but	
  not	
  nega%vism.	
  
The	
  10	
  DOs	
  
2.	
  Do	
  not	
  compromise	
  on	
  investors.	
  
You	
  need	
  investors	
  for	
  much	
  more	
  than	
  their	
  money.	
  	
  
They	
  need	
  to	
  complement	
  your	
  strengths	
  and	
  weaknesses.	
  
	
  
	
  Overall,	
  the	
  team	
  must	
  have	
  a	
  strong	
  vision,	
  macro	
  and	
  micro	
  
understanding	
  of	
  the	
  market	
  and	
  the	
  product,	
  na%onal	
  and	
  
interna%onal	
  networks,	
  relevant	
  sales	
  experience,	
  supply	
  chain	
  
experience,	
  strategic	
  and	
  opera%onal	
  experience	
  from	
  small	
  and	
  
medium-­‐sized	
  growth	
  companies	
  with	
  interna%onal	
  ambi%ons.	
  	
  
	
  
Use	
  your	
  investors	
  proac%vely	
  in	
  recruitment,	
  financing,	
  opera%ons	
  
etc.	
  
The	
  10	
  DOs	
  
3.	
  Think	
  big	
  from	
  the	
  start.	
  
Do	
  not	
  limit	
  yourself	
  geographically	
  just	
  because	
  it	
  seems	
  safer.	
  	
  
Use	
  rigorous	
  strategic	
  focus,	
  	
  
and	
  be	
  realis%c	
  about	
  your	
  unique	
  capabili%es.	
  	
  
	
  
Think	
  of	
  the	
  company	
  as	
  a	
  world	
  leader	
  in	
  its	
  niche,	
  	
  
even	
  when	
  it	
  is	
  small;	
  it	
  is	
  the	
  only	
  way	
  to	
  become	
  global	
  eventually.	
  
	
  
Accept	
  challenges;	
  the	
  impossible	
  has	
  the	
  highest	
  value,	
  	
  
everyone	
  can	
  get	
  the	
  easy	
  stuff.	
  	
  
Accept	
  risk	
  and	
  make	
  room	
  for	
  it.	
  
	
  
The	
  10	
  DOs	
  
4.	
  Dare	
  to	
  be	
  poor	
  in	
  the	
  beginning.	
  
It	
  makes	
  you	
  to	
  see	
  and	
  solve	
  problems	
  in	
  new	
  ways.	
  	
  
It	
  provides	
  less	
  room	
  for	
  ac%vi%es	
  and	
  forces	
  you	
  to	
  priori%ze.	
  	
  
You	
  must	
  find	
  business	
  models	
  that	
  work,	
  	
  
based	
  on	
  aggressive	
  sales	
  growth	
  and	
  strict	
  cost	
  control.	
  	
  
Do	
  not	
  become	
  a	
  slave	
  of	
  public	
  funding.	
  
The	
  10	
  DOs	
  
5.	
  Communicate	
  vision.	
  
Communicate	
  a	
  large	
  and	
  clear	
  vision.	
  Create	
  enthusiasm.	
  	
  
Relate	
  to	
  the	
  mega	
  trends,	
  	
  
and	
  set	
  up	
  big	
  goals	
  that	
  u%lize	
  these	
  trends.	
  	
  
Say	
  no	
  to	
  many	
  alterna%ve	
  possibili%es,	
  	
  
in	
  order	
  to	
  focus	
  on	
  the	
  best	
  and	
  biggest	
  projects.	
  	
  
Posi%oning	
  yourself	
  for	
  the	
  future,	
  not	
  the	
  present.	
  
Be	
  unique.	
  
The	
  10	
  DOs	
  
6.	
  Love	
  sales.	
  
Launch	
  the	
  product	
  or	
  idea	
  as	
  early	
  as	
  possible	
  
	
  in	
  order	
  to	
  understand	
  customer	
  needs.	
  	
  
Use	
  feedback	
  to	
  con%nuously	
  improve	
  product	
  and	
  business	
  model.	
  
Think	
  of	
  the	
  sales	
  process	
  as	
  a	
  compe%%on.	
  	
  
Have	
  real	
  respect	
  for	
  your	
  customers.	
  
The	
  10	
  DOs	
  
7.	
  Love	
  your	
  product.	
  
Love	
  your	
  technology	
  or	
  services.	
  	
  
Understand	
  it	
  fully,	
  so	
  you	
  can	
  talk	
  to	
  your	
  team	
  with	
  credibility.	
  
	
  Take	
  on	
  a	
  real	
  commitment	
  to	
  innova%on.	
  	
  
Think	
  long	
  term	
  and	
  industrially.	
  	
  
Be	
  concerned	
  with	
  making	
  a	
  product	
  or	
  service	
  that	
  is	
  used	
  and	
  has	
  
a	
  social	
  value	
  to	
  the	
  world,	
  rather	
  than	
  the	
  commercial	
  aspects.	
  	
  
Invest	
  sufficiently	
  in	
  innova%on.	
  
Communicate	
  the	
  results	
  of	
  your	
  innova%on	
  and	
  its	
  relevance.	
  
The	
  10	
  DOs	
  
7.	
  Think	
  about	
  the	
  road,	
  not	
  just	
  the	
  goal.	
  
Love	
  the	
  hard	
  entrepreneurial	
  life	
  despite	
  all	
  the	
  challenges.	
  
	
  Love	
  the	
  compe%%on,	
  the	
  feeling	
  of	
  being	
  on	
  a	
  unique	
  mission.	
  	
  
Know	
  that	
  if	
  you	
  hold	
  out	
  long	
  enough,	
  with	
  the	
  right	
  partners,	
  	
  
you	
  can	
  succeed	
  despite	
  the	
  though	
  odds.	
  	
  
Accept	
  personal	
  risk,	
  and	
  manage	
  it	
  in	
  a	
  construc%ve	
  way.	
  
The	
  10	
  DOs	
  
9.	
  Build	
  posi8ve	
  long-­‐term	
  rela8onships.	
  
Be	
  a	
  credible	
  leader	
  with	
  effec%ve	
  decision	
  making,	
  	
  
learning	
  and	
  problem	
  solving	
  ability.	
  	
  
Take	
  good	
  care	
  of	
  the	
  people	
  around	
  you.	
  	
  
Leave	
  liale	
  broken	
  glass	
  and	
  creates	
  a	
  loyal	
  follower	
  base.	
  
The	
  10	
  DOs	
  
10.	
  Know	
  yourself.	
  
You	
  need	
  to	
  have	
  strong	
  self-­‐awareness	
  and	
  organiza%onal	
  
awareness.	
  Be	
  clear	
  about	
  your	
  strengths,	
  and	
  willing	
  to	
  find	
  and	
  
use	
  people	
  with	
  complementary	
  talents.	
  	
  
Use	
  your	
  delega%on	
  skills.	
  	
  
Accept	
  diversity,	
  and	
  think	
  interna%onal	
  business	
  growth.	
  	
  
Find	
  a	
  balance	
  between	
  autonomy	
  and	
  common	
  goals.	
  
Norway	
  2015	
  
We	
  cannot	
  be	
  the	
  cheapest;	
  
So	
  we	
  have	
  to	
  be	
  the	
  best.	
  
Well	
  then.	
  
	
  
To	
  be	
  best,	
  
we	
  need	
  to	
  know	
  the	
  best,	
  	
  
work	
  with	
  the	
  best,	
  
and	
  outperform	
  the	
  best.	
  
Thank	
  You	
  

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The Incubators of Future

  • 1. Frem%dens  Inkubator   (Fra  Silo  %l  Pla6orm)   Silvija  Seres   SIVA  Workshop   Septemberl  16,  2015  
  • 2. A  few  words  about  me   IT  studies:  BSc  and  MSc  in  Informa8cs,  University  of  Oslo   Academic  research:  PhD  in  Maths,  Oxford  University,  Fellow  Magdalen  College   Teaching:  Prof  in  Saudi  Arabia,  Advisor  in  China   SoFware  Development:  DEC  SRC  in  Silicon  Valley,  Alta  Vista   Business  studies:  MBA  at  INSEAD   Management:  Fast  Search  6  Transfer,  MicrosoF   Business  Development:  Boards  and  investments  GeoKnowledge,  Camo,  Sonitor   Board  Work:  Nordea,  StatkraF,  Norsk  Tipping,  Aschehoug,  Norman,  Telenor   Research  and  society:  NFR,  Sintef,Teknologirådet,  Polyteknisk  Forening       silvija.seres@gmail.com   www.technorocks.com  
  • 3. The  Road  To  Success  
  • 4. Innovator’s    dilemma   The  Innovator's  Dilemma:  When  New  Technologies  Cause   Great  Firms  to  Fail:  successful  companies  can  put  too  much   emphasis  on  customers'  current  needs,  and  fail  to  adopt  new   technology  or  business  models  that  will  meet  customers'   unstated  or  future  needs  
  • 6. Lessons  learned   1.  Oxford:  Variety  of  extreme  talents   2.  INSEAD:  Variety  of  powerful  mo%va%ons   3.  DEC  SRC:  Uncompromising  recruitment  and  freedom   4.  FAST:  Power  of  clear  vision  and  good  execu%on   5.  MicrosoY:  Structured  processes  and  systems   6.  SINTEF:  Combinatorial  experience  and  sufficient  funds   7.  Simula:  World  class  goals   8.  FORNY:  Inspiring  compe%%on  and  market  nudge   9.  StartupLab:  Relevant  entrepreneurship   10. StatkraY,  Norsk  Tipping  and  Nordea:  The  new  normal   11. Teknologirådet:  Technology  and  democracy   12. Several  VC  groups:  Exit  run  or  healthy  money   hap://www.neatorama.com/2012/09/05/Four-­‐Geeky-­‐Laws-­‐That-­‐Rule-­‐Our-­‐World#!FoUL4  
  • 7. What  incubators  need  more  of   1.  Smart  money     2.  Slow  vision  and  fast  opera%on   3.  Corporate  contacts  and  projects   4.  Public  contacts  and  projects   5.  Interna%onal  contacts  and  projects   6.  Shared  organiza%onal  pla6orms  and  services   7.  Talent  sourcing  channels   8.  Independence  and  new  profiles   9.  Courage  and  sense  of  urgency   10. Execu%on,  execu%on,  execu%on   hap://www.neatorama.com/2012/09/05/Four-­‐Geeky-­‐Laws-­‐That-­‐Rule-­‐Our-­‐World#!FoUL4  
  • 8. Bloomberg’s  Example   Bloomberg  Philanthropies  Mayors  Challenge  2014:   155  applying  ci%es  come  from  28  countries  and   represent  over  71  million  Europeans   63%  involve  technology   20%  involve  co-­‐design   16%  involve  volunteers   15%  involve  open  /  big  data   14%  involve  open  innova%on   12%  involve  gamifica8on  
  • 9. Moore  and  friends   Moore's  Law:  the  number  of  transistors  that  can  be  placed   on  an  integrated  circuit  chip  is  doubling  every  two  years     "The  greatest  shortcoming  of  the  human  race  is  our   inability  to  understand  the  exponen8al  func8on"   E.g.  pixels  per  dollar  in   digital  cameras   But  also  mobiles,  tablets,   nanocomputers,   wearables,  drones,  cars,  …   Our  cultural  systems  rapidly  incorporate  computer   technology  into  our  thinking,  philosophy  and  psychology  
  • 10. Gartner  Top  10  Strategic  Technology  Trends   For  2013     1.  Personal  Cloud     2.  Hybrid  IT  &  Cloud  Compu8ng     3.  Mobile  Devices  Ba^les     4.  Mobile  Applica8ons  &  HTML5     5.  Enterprise  App  Stores     6.  Internet  of  Things     7.  Strategic  Big  Data     8.  Ac8onable  Analy8cs     9.  Mainstream  In-­‐Memory   Compu8ng     10.  Integrated  Ecosystems     For  2014     1.  Personal  Cloud     2.  Hybrid  cloud  &  IT  as  service  broker     3.  Cloud/client  app  architecture     4.  Web-­‐scale  IT     5.  Enterprise  mobile  plaforms     6.  Mobile  apps  and  eco  systems     7.  The  Internet  of  everything     8.  Smart  machines     9.  SoFware-­‐defined  everything     10.  3D  Prin8ng    
  • 11. Four  geek  laws  worth  keeping  in  mind   1.  Amara's  Law:  "We  tend  to  overes%mate  the  effect  of  a   technology  in  the  short  run  and  underes%mate  the  effect   in  the  long  run”   2.  Brooks'  Law:  "Adding  manpower  to  a  late  soYware  project   makes  it  later”   3.  Thackara's  Laws:  "If  you  put  smart  technology  into  a   pointless  product,  the  result  will  be  a  stupid  product"   4.  Reed's  Law:  "The  Value  of  a  Network  Increases   Drama%cally  When  People  Form  Subgroups  for   Collabora%ons  and  Sharing”   hap://www.neatorama.com/2012/09/05/Four-­‐Geeky-­‐Laws-­‐That-­‐Rule-­‐Our-­‐World#!FoUL4  
  • 12. Metcalfe  vs  Reed,  1/2   "Metcalfe's  Law"  or  network  effect:  The  value  of  a  network   is  propor%onal  to  n2,  where  n  is  the  number  of  users  (1993)  
  • 13. Metcalfe  vs  Reed,  2/2   Metcalfe's  law   understates  the   value  of  the  third   type  of  network.   GFNs  actually   increases   exponen8ally  with   the  number  of   possible  sub-­‐groups.   The  value  of  this   network  is  roughly   2n,  where  n  is  the   number  of   par%cipants.   Reed,  2001:  three  different  types  of  networks:     1.  one-­‐to-­‐many  (broadcast  network  or  Sarnoff   network,  like  TV  and  radio  networks)   2.  one-­‐to-­‐one  (transac%onal  network  or  Metcalfe   network,  such  as  emails  and  instant  messaging)   3.  group-­‐forming  network  (GFN  or  many-­‐to-­‐ many)  
  • 14. The  10  DOs   1.  Do  not  compromise  on  people.   Talented  people  have  a  strong  gravita%onal  field.     They  aaract  talent  and  other  resources.     To  compete  on  a  global  basis  you  need  the  best  talent.     Invest  in  people  and  share  the  benefits  of  ownership.     Grow  both  effec%ve  teamwork  and  strong  individualists.   Accept  eccentrics  but  not  nega%vism.  
  • 15. The  10  DOs   2.  Do  not  compromise  on  investors.   You  need  investors  for  much  more  than  their  money.     They  need  to  complement  your  strengths  and  weaknesses.      Overall,  the  team  must  have  a  strong  vision,  macro  and  micro   understanding  of  the  market  and  the  product,  na%onal  and   interna%onal  networks,  relevant  sales  experience,  supply  chain   experience,  strategic  and  opera%onal  experience  from  small  and   medium-­‐sized  growth  companies  with  interna%onal  ambi%ons.       Use  your  investors  proac%vely  in  recruitment,  financing,  opera%ons   etc.  
  • 16. The  10  DOs   3.  Think  big  from  the  start.   Do  not  limit  yourself  geographically  just  because  it  seems  safer.     Use  rigorous  strategic  focus,     and  be  realis%c  about  your  unique  capabili%es.       Think  of  the  company  as  a  world  leader  in  its  niche,     even  when  it  is  small;  it  is  the  only  way  to  become  global  eventually.     Accept  challenges;  the  impossible  has  the  highest  value,     everyone  can  get  the  easy  stuff.     Accept  risk  and  make  room  for  it.    
  • 17. The  10  DOs   4.  Dare  to  be  poor  in  the  beginning.   It  makes  you  to  see  and  solve  problems  in  new  ways.     It  provides  less  room  for  ac%vi%es  and  forces  you  to  priori%ze.     You  must  find  business  models  that  work,     based  on  aggressive  sales  growth  and  strict  cost  control.     Do  not  become  a  slave  of  public  funding.  
  • 18. The  10  DOs   5.  Communicate  vision.   Communicate  a  large  and  clear  vision.  Create  enthusiasm.     Relate  to  the  mega  trends,     and  set  up  big  goals  that  u%lize  these  trends.     Say  no  to  many  alterna%ve  possibili%es,     in  order  to  focus  on  the  best  and  biggest  projects.     Posi%oning  yourself  for  the  future,  not  the  present.   Be  unique.  
  • 19. The  10  DOs   6.  Love  sales.   Launch  the  product  or  idea  as  early  as  possible    in  order  to  understand  customer  needs.     Use  feedback  to  con%nuously  improve  product  and  business  model.   Think  of  the  sales  process  as  a  compe%%on.     Have  real  respect  for  your  customers.  
  • 20. The  10  DOs   7.  Love  your  product.   Love  your  technology  or  services.     Understand  it  fully,  so  you  can  talk  to  your  team  with  credibility.    Take  on  a  real  commitment  to  innova%on.     Think  long  term  and  industrially.     Be  concerned  with  making  a  product  or  service  that  is  used  and  has   a  social  value  to  the  world,  rather  than  the  commercial  aspects.     Invest  sufficiently  in  innova%on.   Communicate  the  results  of  your  innova%on  and  its  relevance.  
  • 21. The  10  DOs   7.  Think  about  the  road,  not  just  the  goal.   Love  the  hard  entrepreneurial  life  despite  all  the  challenges.    Love  the  compe%%on,  the  feeling  of  being  on  a  unique  mission.     Know  that  if  you  hold  out  long  enough,  with  the  right  partners,     you  can  succeed  despite  the  though  odds.     Accept  personal  risk,  and  manage  it  in  a  construc%ve  way.  
  • 22. The  10  DOs   9.  Build  posi8ve  long-­‐term  rela8onships.   Be  a  credible  leader  with  effec%ve  decision  making,     learning  and  problem  solving  ability.     Take  good  care  of  the  people  around  you.     Leave  liale  broken  glass  and  creates  a  loyal  follower  base.  
  • 23. The  10  DOs   10.  Know  yourself.   You  need  to  have  strong  self-­‐awareness  and  organiza%onal   awareness.  Be  clear  about  your  strengths,  and  willing  to  find  and   use  people  with  complementary  talents.     Use  your  delega%on  skills.     Accept  diversity,  and  think  interna%onal  business  growth.     Find  a  balance  between  autonomy  and  common  goals.  
  • 24. Norway  2015   We  cannot  be  the  cheapest;   So  we  have  to  be  the  best.   Well  then.     To  be  best,   we  need  to  know  the  best,     work  with  the  best,   and  outperform  the  best.