Talk by Bernardo Hernandez of Google on entrepreneurship and venture investing in Spain, given at Stanford Engineering School, February 1 2010

1. Entrepreneurship in Spain Bernardo Hernández Feb 1st, 2010 European Entrepreneurship & Innovation Program School of Engineering

2. 1 9th economy in the world Millions of USD GDP in nominal dollars. 2008

3. 2 11th country in direct investment in the US Millions of USD Direct investment in the US. 2008

4. 3 Almost 6x growth from 2004 Percentage growth 2004 - 2008 Direct investment in the US. 2008

5. 4 Quite a few important entrepreneurs from Spain

6. Where are the Spaniards? 5

7. 200 years of doing the wrong thing 6

8. We are just not ready to compete 7

9. 8 Almost 6x growth from 2004 Percentage growth 2004 - 2008 Direct investment in the US. 2008

10. 3 very important things for an entreprenuer 1. Ambition 2. Creativity 3. Fear 9

11. Ambition ambition, motivation, energy, will, optimism, drive, dynamism, go and get it attitude, will change… 10

12. Creativity 1. New, different 2. Better than what existed before 3. Becomes a standard 11

13. Fear 12

14. 3 key elements in the How 1. Education and skills 2. The idea 3. The team 13

15. Education 14

16. The idea 15

17. The true barriers to entry in Spain 16

18. The team 17

19. Primera empresa 18

20. The big G 19

21. The show mus go on 20

22. The show mus go on 21

23. 22 The three big lessons I have learned so far 1. Do not set limits. Only by pushing yourself you will know where the limits are. 2. It is not how good you are, it is how good you want to be. 3. Between doing and not doing, always choose doing.

24. 23 The most important one

25. 24 thank you :)