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Sungmoon Cho, Product Manager at Sun Microsystems
 Electrical Engineering at SNU
 Gamevil
 MBA at UCLA Anderson
 Sun Microsystems
People
Culture
System
Money
 Top Engineering Schools: Stanford University,
Berkeley University, UCLA, UCSD, Cal-Tech, Cal-Poly
 Majority of those pursuing advanced degree at Stanfor
d are from China, India, Korea, and eastern Europe
 As shown in TechCrunch50
(http://www.techcrunch50.com), a lot of
entrepreneurs are actually from outside of the U.S.
 Engineers at top technology companies in Silicon
Valley - Google, Apple – are mostly from other
countries People
Cul
ture
System
Mo
ney
 Engineers are valued
 United States favor engineers – OPT (Optional Practical
Training), STEM (Science, Technology, Engineering,
Mathematics) Privilege
 Engineers are well-off. An well-educated engineer of 5
years of experience (senior software engineer) would
earn…*
 $177,878 at Google, Inc.
 $137,263 at Yahoo, Inc.
 $100,000 at Apple, Inc.
 $106,228 at Cisco
 $115,670 at Microsoft
* Source: glassdoor.com
People
Cul
ture
System
Mo
ney
 Eric Schmitz (CEO of Google, Inc.) said at I/O
conference, “You came here to talk about, which I liked
the most, programming. It is time for us to take
advantage of the amazing opportunity ahead.”
 It is not a shame to fail. (A friend of mine from
business school…)
 Entrepreneurship is ingrained in the society
People
Cul
ture
System
Mo
ney
 Business Schools for Entrepreneurship
 UCLA Anderson - Knapp Competition
 UC Berkeley Haas – Business Plan Competition
 Stanford GSB & Stanford Entrepreneurship Network
 Conferences for Entrepreneurs
 TechCrunch50
 School – Industry
 The professors of Electrical Engineering and Computer
Science in Stanford University have their own companies, or
sponsor entrepreneurs.
 Mendel Rosenblum founded VMWare ($15.85B)
 HP Story
 “My professor also is preparing to start a company during his
sabbatical.” – Ji Young Park, Ph.D. candidate at Stanford EE
People
Cul
ture
System
Mo
ney
 Plentiful
 $10B venture investment in North California in 2007*
(compared to 0.8B in Korea in 2007**)
 Circulate
 Housing price are expensive here, too ($1M~$10M in Palo
Alto)
 However, there is plenty of money to be invested in the
companies. (Retired people actively invest)
 Once the company goes IPO or is sold, a big amount of
money circulates back to the investment.
 High liquidity (IPO is not the only exit strategy)
* Dow Jones (http://www.fis.dowjones.com/products/venturesource.html)
** Korea Venture Capital Association (http://www.kvca.or.kr/)
People
Cul
ture
System
Mo
ney
$0.00
$20.00
$40.00
$60.00
$80.00
$100.00
$120.00
$140.00
$160.00
$180.00
Google Apple HP Adobe VMWare Intuit Salesforce Samsung
E.
NHN NCSoft Neowiz Daum SK
Comms
Source: Google Finance (www.google.com/finance), Naver Stock (stock.naver.com)
Google $151.18
Apple $156.91
HP $108.22
Adobe $18.70
VMWare $15.85
Intuit $9
Salesforce $7.03
Samsung Elec $97.5
NHN $6.60
NCSoft $2.70
Neowiz $0.70
Daum $0.55
SK Comms $0.33
Jamdat Mobile
 Founded in 2000
 In 2005, the revenue was
$30M, net income was
$4.6M, and the number
of employees was 350.
 Acquired by EA Mobile
at $680 million in 2005
 Founded in 2000
 In 2008, the revenue was
$13M, and net income
was 5.2M, and the
number of employee was
120.
 Listed on KOSDAQ, and
the market cap is $75M
Gamevil
 Founded by Byungjoon Song (25), along with people
from Seoul National University
 Angel investments from the students and professors of
SNU
 Got two rounds of institution investments from
Hyundai and Samsung securities in 2000, 2001 ($1.1M
in total. Valuation: $)
 Declared itself as a ‘mobile game company’
 Listed on KOSDAQ in August, 2008
 Founded by Jiwon Moon (Harvard MS), Changseong
Ho (Stanford MBA) in 2007
 1 engineer in Korea, 1 engineer in the U.S.
 Secured investments from friends and venture capital
 Monthly Unique Visitors reached 1.8M
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,000
Monthly Unique Visitors
Silicon Valley
offers perfect
place for those
who aspire to be
entrepreneurs.
Innovations
happening
every day

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Entrepreneurs And Entrepreneurship In Silicon Valley

  • 1. Sungmoon Cho, Product Manager at Sun Microsystems
  • 2.  Electrical Engineering at SNU  Gamevil  MBA at UCLA Anderson  Sun Microsystems
  • 4.  Top Engineering Schools: Stanford University, Berkeley University, UCLA, UCSD, Cal-Tech, Cal-Poly  Majority of those pursuing advanced degree at Stanfor d are from China, India, Korea, and eastern Europe  As shown in TechCrunch50 (http://www.techcrunch50.com), a lot of entrepreneurs are actually from outside of the U.S.  Engineers at top technology companies in Silicon Valley - Google, Apple – are mostly from other countries People Cul ture System Mo ney
  • 5.  Engineers are valued  United States favor engineers – OPT (Optional Practical Training), STEM (Science, Technology, Engineering, Mathematics) Privilege  Engineers are well-off. An well-educated engineer of 5 years of experience (senior software engineer) would earn…*  $177,878 at Google, Inc.  $137,263 at Yahoo, Inc.  $100,000 at Apple, Inc.  $106,228 at Cisco  $115,670 at Microsoft * Source: glassdoor.com People Cul ture System Mo ney
  • 6.  Eric Schmitz (CEO of Google, Inc.) said at I/O conference, “You came here to talk about, which I liked the most, programming. It is time for us to take advantage of the amazing opportunity ahead.”  It is not a shame to fail. (A friend of mine from business school…)  Entrepreneurship is ingrained in the society People Cul ture System Mo ney
  • 7.  Business Schools for Entrepreneurship  UCLA Anderson - Knapp Competition  UC Berkeley Haas – Business Plan Competition  Stanford GSB & Stanford Entrepreneurship Network  Conferences for Entrepreneurs  TechCrunch50  School – Industry  The professors of Electrical Engineering and Computer Science in Stanford University have their own companies, or sponsor entrepreneurs.  Mendel Rosenblum founded VMWare ($15.85B)  HP Story  “My professor also is preparing to start a company during his sabbatical.” – Ji Young Park, Ph.D. candidate at Stanford EE People Cul ture System Mo ney
  • 8.  Plentiful  $10B venture investment in North California in 2007* (compared to 0.8B in Korea in 2007**)  Circulate  Housing price are expensive here, too ($1M~$10M in Palo Alto)  However, there is plenty of money to be invested in the companies. (Retired people actively invest)  Once the company goes IPO or is sold, a big amount of money circulates back to the investment.  High liquidity (IPO is not the only exit strategy) * Dow Jones (http://www.fis.dowjones.com/products/venturesource.html) ** Korea Venture Capital Association (http://www.kvca.or.kr/) People Cul ture System Mo ney
  • 9. $0.00 $20.00 $40.00 $60.00 $80.00 $100.00 $120.00 $140.00 $160.00 $180.00 Google Apple HP Adobe VMWare Intuit Salesforce Samsung E. NHN NCSoft Neowiz Daum SK Comms Source: Google Finance (www.google.com/finance), Naver Stock (stock.naver.com) Google $151.18 Apple $156.91 HP $108.22 Adobe $18.70 VMWare $15.85 Intuit $9 Salesforce $7.03 Samsung Elec $97.5 NHN $6.60 NCSoft $2.70 Neowiz $0.70 Daum $0.55 SK Comms $0.33
  • 10. Jamdat Mobile  Founded in 2000  In 2005, the revenue was $30M, net income was $4.6M, and the number of employees was 350.  Acquired by EA Mobile at $680 million in 2005  Founded in 2000  In 2008, the revenue was $13M, and net income was 5.2M, and the number of employee was 120.  Listed on KOSDAQ, and the market cap is $75M Gamevil
  • 11.  Founded by Byungjoon Song (25), along with people from Seoul National University  Angel investments from the students and professors of SNU  Got two rounds of institution investments from Hyundai and Samsung securities in 2000, 2001 ($1.1M in total. Valuation: $)  Declared itself as a ‘mobile game company’  Listed on KOSDAQ in August, 2008
  • 12.  Founded by Jiwon Moon (Harvard MS), Changseong Ho (Stanford MBA) in 2007  1 engineer in Korea, 1 engineer in the U.S.  Secured investments from friends and venture capital  Monthly Unique Visitors reached 1.8M - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 Monthly Unique Visitors
  • 13. Silicon Valley offers perfect place for those who aspire to be entrepreneurs. Innovations happening every day