Talk -- Niklas Zennstrom

Froum on Cloud-Computing Strategy & Entrepreneurship

Entrepreneurship is much more important than to learn the business administration in the college.
KazaA is found in 2000, for picture and music downlaod company. It was very suffficeful for the low internet traffic. I learned the internet biz can be made in very low capital for international. Suurounding the best people to help you to make the deal and dream come true. they don't want to spend another 5 years for musici industry or movie industry...so, they start another company...skype.

In 2002, with the .com bubbles, it was very hard to raise the capital. In order to save the fee of the international call, so engineer to find out how to go thro the internet for the voice communicaitons.It was a big found that it was possible to send the voice via internet, althrought the firewall is in another issue.

He quote from Walt Disney--"All my troubles and obstacles have strengthed me....you may not realize it when it happen. but a kick in the teeth may be the best thing in the world for you."
and,
"Failure is simply the opportunity to begin again, this time more intelligently."--Henry Ford.

So, "Take a chance on your dreams, even if it means you might fail."--Niklas Zennstrom.
"Developed nations will soon owe more than they produce."
"Organic growth: not just for vegetables."...relative to the GDP growth of coutries.
"If you're not forging ahead you're falling behind."
Technology factor: take examples
google--the search engine
Zynga--online game
skype--international communications
facebook/twiter--international grouping.
Technology should be developed by following people's behavior.
"Failure is health, make you learn what is possible, what is not possible. it makes you smart".
To Remember, you won't learn until you have being an entrpreneur.
Country culture is an issue, but remember, you have to learn that the major market's risk have its way to make success.
Embrace Risk.
another thing you have to have is....People. People are the best form of capital.
The other entreprenuer is that...IKEA founder, Ingvar Kamprad.
"By always asking why we are doing this or that, we can find new paths."
If there is no market, there is no business.
What do you need from investors...?
a. Money.
b. Strategy and investment return plan.
c. Ask for help.
Three things to follow..
a. Support real organic growth
b. Encourage innovation
c. Empower the risk-takers
In the end, it's time to go for it.

Q&A:
a. for the me-too situation, what is your attitude?
you have to trust your people, they practice what you learn very fast. You can be the leading rule.
b. Organic Growth v.s. M&A
tracing the core business.
c. Luck and Lcuky?
Timing is most important thing than Luck.
d.