Building Billion Dollar Businesses [Entire Talk]
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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.
Video clips from: Building Billion Dollar Businesses [Entire Talk]
- 3:06The lever that powers venture-scale entrepreneurship is exponential growth.
- 4:18Charging 50 cents more per cookie can be the difference between a static small business and a massive venture-scale business.
- 4:09Usually, when you scale volume, quality suffers. When you leverage a network effect, volume and quality grow together.
- 2:46Being a founder builds a unique and powerful strategic mindset.