“You didn’t come to Stanford if you don’t like difficult. Figure out where your passion is and pursue it with vengeance.
Gather experts. Fill in your uncomfortable. Do something now. If you believe in innovation, there are things you can do.”
Today, at Stanford University, Melinda Gates ended her talk urging students to do something now. With innovation, she believed that we can change the world to make it a better place. This was my first time listening to her in-person and I was inspired by her deep passion to help others in need.
Audio podcast: http://ecorner.stanford.edu/authorMaterialInfo.html?mid=2997
“All lives have equal value”
Melinda Gates repeatedly emphasized the Bill & Melinda Gates Foundation’s deep belief that all lives have equal value and everyone should be given the same chance.
It takes 10-15 years for drugs innovation to reach developing world. It should be within 1 year.
2 million children were dying from diarrhea years ago. Why were kids dying from simple illness that we could easily cure in developed countries just by going to the drug store? Innovations that we take for granted in developed countries take 10-15 years to reach the developing country. We need to improve the infrastructure to make sure innovations in developed countries can get into the hands of those people in need quickly.
40% of childhood deaths (in 2004) occurred within 30 days after birth.
We can help to significantly reduce childhood deaths with vaccines. However, to reduce babies deaths within 30 days of birth require behavior change. Mothers had to be taught how to keep their babies warm and that they should feed them breast milk.
Family planning can help avert 20 million unsafe abortions and prevent 3 million newborn deaths.
Contraceptive use in Sub-Saharan Africa is only 4 times less than the average developed countries. This causes a 45 times increase in maternal mortality rate.
This info graphic is really good: http://www.gatesfoundation.org/infographics/Pages/family-planning-saves-lives-info.aspx
Before we can even fix education in developing countries, we need to first make sure newborns can live healthily.
Health is the most important issue. Making sure newborns in developing countries can stay alive healthily is the number priority before other help can come in.
“Travel to developing countries when you get the chance. Once your eyes are opened, you cannot turn away.”
She recalled her story of going to South Africa for a tour to see the wild animals. But it was the people she met that had the most impact on her. “Once my eyes were opened,” she said, “I cannot turn away from what I saw.”
I think traveling more to different countries, to experience different cultures, see different lives, interact with different languages, is the best gift you can ever give yourself.
Ron Conway once said: “There’s a billion company created every 3 months. Now, it is every 2 months”. I finally got the chance compile “The Billion Dollar” list. I tried to limit this list to only software tech companies. I also included a couple of near billion dollar companies (~0.7 B and above).
Update: I should clarify that in the context of the quote, he was mostly talking about mostly software tech companies founded (or for the most part operated) in US. There will be plenty of companies outside US (especially China) that will make the list much longer.
He was mostly right. Kind of.
There are about 4 billion dollar software tech companies founded every year, with the exception of 2000-2002.
There was a drought in 2000-2002 because of the dot-com bubble crash. Things started picking up again in late 2003 (Skype in Aug). 2004 became the return of the dot-com era (Facebook, Palantir, Yelp, Evernote).
Update: After the new additions, it seems that 2002 was the drought year.
Look around you. A billion dollar company was born within the last 3 months.
This means that there are about 8 companies in 2011 and 2012 that will become the next big thing. They are not big yet, but we will realize their value in years to come. I have included some companies founded in 2009 and 2010 that I think have the potential. It is much harder to hedge my bets on companies founded in 2011 and 2012.
Update: Google Docs to update new companies. Thanks phreeza (HN)
|Company||Founded||Market Cap/ Valuation*/ Acquired value^|
|OpenTable||1998 Jul||1 B|
|1998 Sep||210 B|
|Rackspace||1998 Oct||8 B|
|PayPal||1998 Dec||1.5 B^|
|SalesForce||1999 Mar||19 B|
|Shutterfly||1999 Dec||0.9 B|
|Pandora||2000 Jan||1.3 B|
|TripAdvisor||2000 Feb||4.8 B|
|Jive||2001 Feb||0.8 B|
|Kiva Systems||2000||0.8 B^|
|2002 Dec||10 B|
|Skype||2003 Aug||8.5 B^|
|Glam Media||2003 Sep||0.7 B*|
|Kayak||2004 Jan||1.8 B|
|2004 Feb||41 B|
|Evernote||2004 Sep||1 B*|
|Yelp||2004 Oct||1.1 B|
|Palo Alto Networks||2005||3.5 B|
|Bebo||2005 Jan||0.85 B^|
|HomeAway||2005 Feb||2 B*|
|YouTube||2005 Feb||1.1 B^|
|Workday||2005 Mar||7.7 B|
|Millennial Media||2006||1.2 B|
|2006 Mar||8 B*|
|Demand Media||2006 May||0.7 B|
|Gilt Groupe||2007||1 B*|
|Tumblr||2007 Feb||0.8 B*|
|Hulu||2007 Mar||2 B*|
|Dropbox||2007 Jun||4 B*|
|LivingSocial||2007 Jul||2.9 B*|
|Zynga||2007 Jul||1.6 B|
|Github||2008 Feb||0.8 B*|
|AirBnb||2008 Aug||2.5 B*|
|Yammer||2008 Sep||1.2 B^|
|Groupon||2008 Nov||1.8 B|
|Square||2009 Feb||3.2 B*|
|Storm8||2009 Mar||1 B*|
|Fab||2010 Feb||0.7 B*|
|2010 Mar||1 B^|
Market cap as a public listed company (Nov 2012)
*Rumored valuation based on “word on the street”
^Acquired value is the last acquisition value of the company (e.g. Skype was acquired multiple times)
~Included startups that I project to have a chance to be a billion dollar company
I cannot find all the exact founding dates for all the companies
Let me know if I missed any companies.
Updates: Added Github, Nicira, Workday, Splunk, ServiceNow, DealerTrack, Guidewire, SuccessFactors, ExactTarget, ArcSight, SolarWinds, VMware, Netezza, Millennial Media | Removed Vente Privee, Rovio, Spotify
Social media is a multiplier. It makes customers’ voices louder. — Economist
Life is not about practicality. Live life to enjoy it, not to survive it. — My Motto