k8 keynote: the personal revolution
DESCRIPTION
K8 Keynote, "The Personal Revolution," from Sir Michael Moritz from Sequoia presented on September 9th, 2013.TRANSCRIPT
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The Personal Revolution
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Tools in the field
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Tools migrate to factories
City
of T
oron
to A
rchi
ves,
Jam
es C
olle
ctio
n
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Tools meet the assembly line
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20001986 1993
Fiber Optic Cable. Image courtesy: Karen_O’D
2007
Bandwidth
2,253petabytes
471peta281
peta
66,560 petabytes
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20001986 1993
Storage
2.6exabytes
54.5exabytes15.8
exabytes
2007
295 exabytes
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3x1011MIPS
20001986 1993
Computation
3x108
MIPS
4x109
MIPS
6.4x1012 MIPS
2007
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244
IBM 360
490
Apple II
70,000
Windows
Apple
900,000
Android
1M
The App Explosion
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1993 20031973 1983 2013
$750$6.6K
29 Dell 486
desktop computers
$0.1M
34 IBM 3340 computers
$22M
375 IBM 3340 computers
$33M
2 PowerBook G4
laptops
1 Samsung Galaxy S4
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17 M2006
11 M2007
674 M2013
Tools in perspective
15.4 M1994
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Systems $
Database $
Office Productivity $
Texting $
Voicemail / IVR $
Video conferencing $
Tools become ~ free
2000 2013
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Recruiting $
Sales $
Promotion $
Marketing $
Fulfillment $
Customer Service $
2000 2013
Tools become ~ free
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The Center of the Personal Revolution
The Data Factory
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Labor
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Money
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Global
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Global microphone for content
11.7M+ Opinion leaders
23.6M CXO's/Owners/Partners
1.6M Directors at Fortune
1,000 companies
238MMembers on LinkedIn
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Arianna HuffingtonPresident & Editor-in-Chief at The Huffington Post
Jack WelchFounder of Jack Welch Management Institute
Shinzo Abe Prime Minister of Japan
Jim KimPresident at The World Bank
Maria ShriverJournalist, Author & Activist
Bill GatesCo-chair of Bill & Melinda Gates Foundation
Maria Bartiromo Television Journalist at CNBC-TV
Jamie Dimon Chairman & CEO at JPMorgan Chase
Barack ObamaPresident of the United States
Richard BransonFounder at Virgin Group
UNPAID content contributors
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Sam TaylorPresident & Owner, TNT transportation
18% month over month growth40+ locations around the world
Expanded his business and hired more drivers thanks to Uber
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Laura BarnumCollege Student - University of San Francisco
35% month over month revenue growth
Worked 20-30 hours a week between classes and made over $20/hour
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Rosemarie
75% of 15,000 TaskRabbits nationwide rely on TaskRabbit to pay bills
10% earn 100% of their income
Earns $7,000 a month using TaskRabbit, relying on it for 100% of her income
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Jordan InsleyeBay Store owner
25 M sellers1.3 M sellers use eBay as a primary/
secondary source of income.
Major refurbished TV business
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King Arthur FlourA “200 year old” startup rebooted itself as a successful baking company, providing classes and products
The average click through rate of an Adword is 4x compared to
display ads
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Michelle PhanYouTube L’ancome spokesperson4.6M subscribers
$4B paid by advertisers, up 60% in 2012 from 2011
>1M creators signed up
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2M sellers on 10 different marketplaces around the world
Brice HoskinMountain Boy Sled WorksSells more than 14K sleds a year using Amazon marketplaces
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1/4 of the top 100 best selling eBooks on Amazon.com were
independently published using KDP
Theresa RaganRejected by traditional publishersSold nearly 250,000 books for the Kindle
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Ben SilbermannPinterest Cofounder
3,000 consulting partners
1,800 technologists / ISVs
17M users in 9 months with fewer than 12 people
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Cari
>2% of all active internet sites are Weebly sites.
Closed her retail gift shop and built Coquettebath.com using Weebly.In 2012, made over 5,000 products by hand.
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DavidUses Airbnb to subsidize his schooling. Hosted guests from Saudi Arabia, London, Afghanistan, and Mexico.
3M guests in 2012.
300,000 listings at the end of 2012.
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Hedda Parashos
31M visitors use Trulia’s site every month
Went from under $100K in gross commissions to over $600K in gross commissions.Bought the real estate firm that she worked for.
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Jodie Rosen
250,000 home improvement professionals build their brands and connect with homeowners
Started her own line of furniture after exposure from Houzz.
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Pura VidaShips 20,000 bracelets a week to the US. Employs dozens of people in Costa Rica and more than 500 campus reps in the U.S.
$10B processed annually40K merchants on board
(* end of FY2012)
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Alex Schwartz
6.6M editor sessions400K monthly active
developers
Chief Scientist at Owlchemy LabsOne of several indie gaming studios enabled by Unity3D.
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SarahSeattle Landmark MugsNow sells them in Nordstrom. Quit her day job
$100M goods sold in July 20131M members joined in July 2013
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2,200,000 1,800,000 40,00080,000
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$43,868
1968 2012
$52,762
Median Household Income
* Inflation adjusted
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$10.70
1968 2013
$7.25
Minimum Wage
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GDP Growth 2002-2012
Source: The World Bank Figures in current USD
0%
5%
10%
15%
20%
China Indonesia India Brazil United States
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Excluding and deporting talent
China 10,165
Russia 873
Spain 684
UK 2,573
France 1,517
Japan 1,276
H1-B Visas granted in 2011
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The Personal Revolution explodes
Y! JapanRakuten
Tencent
BaiduAlibaba
360 BuyCtrip
Mail.ruYandex
Asos Naver
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The Personal Revolution