Imagination – a fundamental ingredient for building future successful companies.
For startups to have successful exits, they require several ingredients. In Silicon Valley, there are hundreds of people who have created, developed and exited many successful startups, fulfilling their own desires to have the reward of becoming great achievers. The process to develop a company is part of the DNA for these people. In order to help build the next generation startups, Kosha Group and TechBA members are exploring new approaches that can be implemented with very little effort and training.
In an unusual meeting that brought together more than 40 people with very broad backgrounds - scientists to engineers to financial experts to marketing people - we had a very valuable session demonstrating how businesses function in countries like Mexico, India, Latin-America as a whole and Silicon Valley, and some of the differences between these operating styles and the ones followed traditionally and non-traditionally in the USA. The participants were exposed to these differences and they also explored how these differences need to be understood well enough to use them to create and manage global startups successfully.
Later, we had the typical 10 minute-presentations for investors from 12 startups, with companies from security, business franchise, clean tech, Web 2.0, as well as services for supporting new company operations and more. These presentations had a great variety of business opportunities from very scalable and high impact for the society to less scalable but high wealth generators.
This unique mix of presentations ranging from business development, entrepreneur support and a special focus on company presentation styles helped explore very clearly the need for operational support, building management teams, setting up appropriate processes and methodologies, and developing a path to accelerated growth in 18 to 36 months turned out to be the highlight of the meeting, generating some high value suggestions for preparing for the future.
A great presentation from Jonathan Trent, a scientist and engineer working with NASA and UCSC , provided a highly educational and motivational tour explaining how to produce new source of energy based in algae, with a full ecological process to desalinate and purify water as well as suggesting a highly efficient process to do it all in the ocean, expanding the universe of resources available for the humanity outside the existing spectrum where we seek new alternatives.
At the closing of the event, Ash Dhar – Chairman of Kosha Group and Jorge Zavala – CEO of TechBA Silicon Valley challenged the audience to find new ways of creating high value companies under the current business environment. Both of them recognized that new opportunities are available; however, observed that only those who understand the need for innovative ways of doing business in this vastly complicated global economy have a chance of succeeding. Meetings like this one are a good conduit for bringing innovation to enhance such discussions which build and expand great opportunities.
