Sramana Mitra: What about engagement? What are your thoughts? Why is the program so popular?
Every time we run an edition of the program, there is tremendous engagement and lots of applications. There is a preparation time of six to eight weeks when we want people from Oracle to come attend the public roundtables. There is a tremendous number of people who keep coming to these. What do you think is at the heart of that?
Paolo Juvara: I think the program is very unique. This is a mini-MBA. There are not that many learning opportunities within Oracle to learn those skills. These are skills that people are very interested in. The popularity of entrepreneurship, in general, certainly helps. I also want to say that your reputation also helps. A person of your caliber helps. It’s very appealing for people. I also want to take this opportunity to thank Susan Hoffman in my team who’s doing a fantastic job in promoting the program in the company.
Sramana Mitra: Absolutely. The duo of Susan Hoffman and Maureen Kelly has really made a massive impact on the success of this program. The execution team is incredibly important. I’ve seen lots of execution teams not succeed in pulling off something that’s scalable and high-impact. Let’s talk about some of the ideas that are coming out of the program. What are some of the ideas that you like? What conclusions can we draw from those?
Sramana Mitra: People are scrambling. There are a lot of people in the industry who are also scrambling to put in little bits of money. By the time you get to raising Series A, you’ve raised six rounds of financing already.
Jon Staenberg: I love to refer to the millennial problem. Pivoting, sometimes, is a completely appropriate response, but you have limited amount of money. You haven’t raised enough money. You pivot twice. Guess what? What do you have? I do get those calls. People say to me, “Is this fundable now?” You should have asked that question two pivots ago.
Sramana Mitra: That’s what we do here in the program. We focus on fundamentals and focus on customers and
According to a ResearchandMarkets report published earlier this week, the global Data Center Colocation Market is estimated to grow 15% annually over the next five years to $73.8 billion by 2023 from $31.25 billion in 2017. Redwood City-based Equinix (NYSE:EQIX) is a leading player in the segment.
Sramana Mitra: What are you learning? What are people interested in answering?
Yossi Peretz: It depends on the crowd. There’s no definite answer. Each country has its own trend. India is more about cricket. In general, sports is very popular. Since the core of our users are from the crypto community, definitely crypto-economics and crypto companies are very popular.
We learn about various trends and try to cross-reference between different fields. If somebody answers a question about politics, would he also be interested in football? There is no definite answer. For example, people were not interested in answering Oscar-related >>>
Paolo Juvara is Group Vice President, Oracle Applications Lab. Oracle has been a partner of 1Mby1M since 2013 and has built its internal innovation program on the 1Mby1M Incubator-in-a-Box platform. In this session, Paolo and I discuss the secrets of the success of the program. A unique window into corporate innovation thought leadership.
Sramana Mitra: Let’s double-click down on how we have evolved the program a bit. When we started, the application process involved people presenting their ideas. At that point, we were asking for people to submit ideas. As we went through the evolution over the years, we have completely morphed the program.
In the application stage, we do not ask for ideas anymore. What we ask to see is why you want to learn what is being taught here. You do have some interest in entrepreneurship. Can you actually learn this online? We change the application process from submitting and evaluating ideas to submitting an equivalent of a
Sramana Mitra: You said earlier that you’re interested in Bitcoin. Can you talk a bit more about how you’re analyzing the Bitcoin situation? Bitcoin is not a capital-efficient area to invest in. It’s going to be expensive more often than not. How are you parsing the Bitcoin opportunity?
Jon Staenberg: Let me step back for one second on that question. When we started doing this 30 years ago, technology was in a serial rollout. I remember the PC era. We talked about client-server. We talked about the network. Today, we have an absolute hurricane of new technologies being hurled at the world. So there’s no longer one thing to focus on. There are 10 things like Bitcoin.
I have to say I’m just at the beginning of my study of Bitcoin. I can’t sit here and tell you how I’m going to invest in it. I’m sticking >>>
Entrepreneurs are invited to the 396th FREE online 1Mby1M mentoring roundtable on Thursday, April 26, 2018, at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.