Silicon Valley Immersion Walking Immersion around Palo Alto’s University Av. Area Resource Document – V1.3 Need to think about: Handouts Itinerary, schedule and map Arrange programmed “casual encounters” Picture authorizations Quiz for right audience? Price a SVI jacket/coffee mug? Group Dynamics: How many tour guides? Dress code Identify where to stop for briefing When to talk and when to be silent and let them talk among themselves Do we split the group or handle all at once? What is the limit? How do we manage group or subgroups pictures Picture taking and group photos protocol Meeting Place: Palo Alto Train Station – Café Venetia. All day parking available @ $4.00 1 Resources: Santa Clara History http://www.youtube.com/watch?v=uPzXYCqjtn8 Secret History of Silicon Valley http://steveblank.com/2009/04/20/the-secret-history-of-silicon-valley-part-v-happy-100th-birthday-silicon-valley/ A Historical Tour of Silicon Valley http://www.scaruffi.com/politics/svtour.html http://en.wikipedia.org/wiki/El_Camino_Real_(California) Redwood Tree http://en.wikipedia.org/wiki/El_Palo_Alto Stanford http://en.wikipedia.org/wiki/Stanford_University Peter Thiel article in NYorker Paypal, Facebook http://www.newyorker.com/reporting/2011/11/28/111128fa_fact_packer Café Venetia 419 University Avenue http://www.cafevenetia.com/ The Palo Alto Egg http://www.web-strategist.com/blog/2008/02/14/silicon-valley-sightings-the-palo-alto-egg/ http://en.wikipedia.org/wiki/Silicon_Valley foundations in Palo Alto http://www.google.com/search?client=safari&rls=en&q=foundations+in+palo+alto&ie=UTF-8&oe=UTF-8 Sand Hill Road Venture Capitalist http://en.wikipedia.org/wiki/Sand_Hill_Road 2 Steve Jobs June 12, 2005 http://news.stanford.edu/news/2005/june15/jobs-061505.html The Advantage of the Research-Intensive University” The University of the 21st Century http://www.stanford.edu/dept/pres-provost/president/speeches/980503peking.html http://en.wikipedia.org/wiki/Marconi_Company Sign commemorating the site of Schokley Laboratories NPR: The Birth Of Silicon Valley: A Timeline (This graphical presentation covers the period from the formation of Hewlett Packard in 1938 to the 1971 first appearance of the nickname Silicon Valley in print. Includes a picture of the garage where William Hewlett and David Packard founded Hewlett-Packard Co. in 1939) NPR: 3 Part Series on Silicon Valley by Laura Sydell Part I: A Rare Mix Created Silicon Valley’s Startup Culture: read the article / listen to the audio Part II: America’s Magnet For Innovation, And Investments: read the article / listen to the audio Part III: Intel Legends Moore And Grove: Making It Last: read the article / listen to the audio A History of Silicon Valley: The Greatest Creation of Wealth in the History of the Planet by Piero Scaruffi and Arun Rao 3 A Guided History of Silicon Valley: iTunes App: Silicon Valley Roots & Shoots iTunes App, an insider’s guide to the companies, people, and products that created this vibrant center of high-tech innovation. More info Tracking down the roots (the pioneers) and shoots (the spin-out companies) of the digital revolution is made easy with this unique guide to over 150 locations and resources in the southern San Francisco Bay Area cities, campuses and industrial parks. Each location has many photos, concise descriptions, maps, and links to additional information. Age of the Inspired Riff: Learning from the Golden Gate on its 75th via The Wall Street Journal Steve Jobs by Walter Isaacson The Full Text Of Steve Jobs’ Stanford Commencement Speech Imagine: How Creativity Works by Jonah Lehrer. Includes a section on San Jose and Silicon Valley. Cisco Acquisition Strategy In The Plex: How Google Thinks, Works, and Shapes Our Lives by Steven Levy Facebook’s History: From Dorm To IPO Consider Facebook CEO Mark Zuckerberg’s Law of Social Sharing Tesla Motors was founded in 2003 by a group of intrepid Silicon Valley engineers who set out to prove that electric vehicles could be awesome. SiliconBeat The people and companies driving the innovation of Silicon Valley The Silicon Valley Way, Second Edition: Discover 45 Secrets for Successful Start-Ups by Elton Sherwin Silicon Valley Community Foundation ONE: INNOVATION THROUGH PHILANTHROPY California's Historic Silicon Valley Growth of a Silicon Empire by Henry Norr published at the end of 1999 in the San Francisco Chronicle How Silicon Valley Came to BePDF (90.0 KiB) Red tile roofs in Bangalore: Stanford's look copied in Silicon Valley and beyond from Stanford University The Silicon Valley Cultures Project from San Jose State University 4 Silicon Valley Historical Association A Weekend in Silicon Valley - slideshow by The New York Times 5 Place Information Activity/Reason Median resident age: 41.9 years California median age: 45.6 years Total Area: 25.787 sq. mi (66.787 km2) – 100% Land: 23.884 sq. mi (61.858 km2) --92.62% Water: 1.903 sq. mi (4.929 km2) --7.38% T Role of the environment in fostering, creativity, innovation and entrepreneurship: First Settled: 1769 Incorporated: 1894 Population: 64,403 (2010 Census) Males: 31,490 (48.9%) Females: 32,913 (51.1%) Growth rate: since 2000 ~+10% Learning Outcomes General Talking points about Palo Alto during the walking immersion Why Palo Alto? Role of Stanford University A mixed community of students, entrepreneurs, residential, business, investors, etc. A highly desirable place to live, work, study, and have fun! Stanford University, the first to break the European mold that Academic and Business do NOT mix! (prostitution of science!) Role of VC’s… Sand Hill Road. Highest concentration of risk capital in the world! N/A Creation of the Ecosystem: lawyers, accountants, headhunters, etc…. Compare and contrast to East Palo Alto? Not sure… Educational Attainment: Estimated median household 6 income (2009): $119K (it was $90K in 2000) Palo Alto: $119K California: $59K Estimated per capita income in 2009: $66K Housing Prices: Number of living units: Estimated median house or condo value in 2009: $917K ($776K in 2000) California: $384K Mean prices in 2009: Detached houses: $984K Townhouses or other attached units: $651K; In 2-unit structures: $562K In 3-to-4-unit structures: $486K; In 5-or-more-unit structures: $502K; Median gross rent in 2009: ~$1.7K 7 Palo Alto Chamber of Commerce 400 Mitchell Lane Palo Alto, CA 94301 Contact Person(s): Name: Paul Wright, CEO/President Phone: 650 324 3121 ext. 5 e-mail: pwright@paloaltochamber.co m Web site: www.paloaltochamber.com Welcome by the USF Team Overview of the tour itinerary Welcome by the Palo Alto Chamber of Commerce Increase awareness in the areas of: in these areas Intro to SV Geography History of Palo Alto 30’ Introduction to Palo Alto Business Community Number of businesses by segment: Every long and arduous journey starts with the first step…. Humble beginnings! Facebook's First Offices 156 University Avenue Palo Alto, CA 94301 http://www.businessinsider.co m/facebook--‐office--‐early--‐ interview--‐mark--‐zuckerberg-‐2005 June 2004 – Facebook moved its base of operations to Palo Alto July 2004 – Facebook received its first investment from PayPal co-founder Peter Thiel 2005 – Facebook dropped “The” from its name after purchasing the domain name facebook.com for $200,000 Facebook’s current HQ located at 1601 S. California Avenue in Palo Alto, not too far from the first office location Point to the first office of Facebook, Humble beginnings Cash conservation Use of options with landlord/suppliers/employe es 8 Every long and arduous journey starts with the first step…. Humble beginnings! Google's First Office 165 University Avenue Palo Alto, CA 94301 http://www.bbc.co.uk/news/b usiness--‐10944196 T-Mobile 161 University Avenue Palo Alto, CA 94301 September 1998 – Prior to the office in Palo Alto Google set up workspace in Susan Wojcicki’s (SVP of Advertising at Google) garage at 232 Santa Margarita, Menlo Park. September 4, 1998 – Google filed for incorporation in California. Shortly thereafter, Larry and Sergey opened a bank account in the newlyestablished company’s name and deposit Andy Bechtolsheim’s check. Larry and Sergey hired Craig Silverstein as their first employee who was a fellow computer science grad student at Stanford February 1999 – Google outgrew garage office and moved to Palo Alto office with eight employees Experience a sale channel for mobile communication devices. Highlight Nokia Lumia. Fourth largest wireless carrier in the U.S. after Verizon, AT&T, and Sprint Over 34 million users Continue the conversation points started with Facebbok. Humble beginnings Cash conservation Use of options with landlord/suppliers/employe es 5’ Innovation includes all aspect of the product development and extend end-to-end user experience. Critical role of the Business Model! 5’ 9 Over $20B annual revenue HP Garage 367 Addison Avenue Palo Alto, CA 94301 http://en.wikipedia.org/wiki/H P_Garage Garage Tours: while the HP Garage is not open for public tours, visitors may view and photograph the property and landmark from the sidewalk. Garage brochure: http://www.hp.com/hpinfo/ab outhp/histnfacts/publications/ garage/garage_2010-06.pdf “The Birthplace of Silicon Valley” (California State Historic Landmark #976) that reads: “This garage is the birthplace of the world's first hightechnology region, "Silicon Valley." The idea for such a region originated with Dr. Frederick Terman, a Stanford university professor who encouraged his students to The house was built circa 1905. Increase awareness of the The first documented residents History of SV: were Dr. John Spencer, a The gold rush, when physician, and his wife, Ione. everything started, Dr. Spencer was the first mayor of Palo Alto in. Emigrant entrepreneurs, Stanford University role in This property, was granted the development of SV. California state landmark Introduce Prof. F. Terman as status as Registered Landmark one of the fathers of SV No. 976 in 1987 and dedicated His students Bill Hewlett as the birthplace of Silicon and Dave Packard, Valley in 1989. Other companies started by Terman’s students: Varian, HP purchased the property in etc… 2000. Due to the state of disrepair of the buildings, HP Leading questions, why visiting started a rehabilitation of this this place? revered heritage piece, to reflect the respect and pride 1939 - Stanford University felt for the contributions classmates Bill Hewlett and Dave Packard founded the Hewlett and Packard's garage company in a Palo Alto Garage. startup made to the overall They had a mere $538 in startcultural fabric of our times. In September 2004, HP announced the activities to preserve for future generations this landmark. The project turned the clock back to the original house, shed and 10’ up capital, banked from sources like Lucile Packard’s job as secretary to the Stanford registrar. First product built in a HP Garage – It was an audio oscillator, an electronic test instrument used by sound 10 start up their own electronics companies in the area instead of joining established firms in the East. The first two students to follow his advice were William R. Hewlett and David Packard, who in 1938 began developing their first product, an audio oscillator, in this garage.” garage to the conditions they were originally in 1939 when Bill Hewlett and Dave Packard established they now legendary Hewlett Packard partnership. The project was completed in December 2005. Corporate Innovation Center AT&T Foundry 260 Homer Ave Palo Alto, CA 94301 http://www.att.com/gen/press --‐room?pid=2949 Contact: Mark Nagle, Executive Director Contact Name: Sandro Olivieri Sr. Marketing Manager Cell: 415 203 8355 e-mail: so682@att.com Web site: www.att.com/foundry General Purpose – Innovation development through a diverse, collaborative community supported by a network of strategic technology companies / open environment for applications, devices, cloud services, enabling technologies, and operational support Palo Alto Center – Emphasis on developing applications and enablers for the Consumer segment September 14, 2011 – Palo Alto center opened. This is the third addition joining the ATT&T foundries in Plano, TX (USA) and Tel Aviv (Israel). engineers First customer – It was Walt Disney Studios, which purchased eight oscillators to develop and test an innovative sound system for the movie Fantasia HP current headquarter is not too far away from the HP Garage – 3000 Hannover Street, Palo Alto Established companies (like AT&T) would like to mimic the economic value created by young of start-ups. Connect to Corporate Incubators Corporate Venture Funds (i.e. Nokia Ventures) Corporate Innovation Centers Mention the presence in the valley of Wal-Mart Labs, etc. Why to be present in SV? 20’ 11 University Café 271 University Avenue Palo Alto, CA 94301 COFFEE BREAK http://www.yelp.com/biz/univ ersity--‐coffee--‐cafe--‐palo--‐ alto Eating, having fun, exercising, and conversations are all around business and work! 7/24 culture 30’ Increase awareness in the areas of: The importance of networking in SV Coffee culture Bodies in movement stay in movement. Seeking acceleration… all the time working! COFFEE BREAK OR Coupa Café 538 Ramona Street Palo Alto, CA 94301 Increase awareness in the areas of: The importance of networking in SV Coffee culture Bodies in movement stay in movement. Seeking acceleration… all the time working! Eating, having fun, exercising, and conversations are all around business and work! 7/24 culture Owner of the coffee shop to share few stories OR 12 Apple Store 451 University Avenue Palo Alto, CA 94301 http://www.apple.com/compa nystore/ Technology Store Where technology is sold: Number of stores – 364 stores in 14 countries (246 stores in the U.S.) Number of visitors – 3rd quarter 2011 hosted over 2,400 visitors/day/store Annual revenue of stores – Over $108 Billion (2011) Retail ranks – 21st largest retail store-chain in the USA. Fry’s electronics 340 Portage Ave. Palo Alto, CA 94301 Where technology is sold http://www.frys.com/ Increase awareness in the areas of: in these areas Early adopters Re-inventing retail Conflict with distributors and resellers, Increase awareness in the areas of: in these areas Early adopters Trying new technology Experiment culture Free 1hr. Technology Store Need to identify 3-4 nonprofits in the same area From Business to Social Entrepreneurship: Extraordinary wealth creation. Some entrepreneurs choose to invest in new type of social ventures to create Social Value/benefits. Google.org? Skoll Foundation Betty & Gordon Moore Foundation? Any Community foundation? Museum of American Heritage Fri, Sat, Sun: 11AM – 4PM 3xx Hornet St. Theme: Inventing the 20th Century Check the National Registry of Historic Places 13 Palo Alto, CA 94301 http://www.moah.org/ Palo Alto History Museum 3xx Hornet St. Palo Alto, CA 94301 Federal Telegraph Company 913 Emerson Street/Channing Palo Alto, CA 94301 http://www.homeravenue.co m/Lee_deForest.htm Contact Person(s): Name Phone e-mail On the southeast corner of Emerson St. and Channing Ave., there is another plaque, this one entitled “Electronics Research Laboratory” (California State Historic Landmark #836). It reads: Make the connection and differentiate scientific discoveries to technological innovations: The founding of FTC predates Hewlett-Packard by nearly forty years, but when busloads of visitors come to Palo Alto to pay their respects to the birthplace of Silicon Valley, they stop at the first plaque (the HP garage), but not the second (FTC). Radio communications the early hi-tech presence in the Valley, Connect to G. Marconi Technological innovations. Difference between Marconi and brilliant scientists like Maxwell, faraday, Tesla, Hertz, etc. “Original site of the laboratory and factory of Federal Telegraph Company, founded in 1909 by Cyril F. Elwell. Here, with two assistants, Dr. Lee deForest, inventor of the three-element radio vacuum 14 tube, devised in 1911-13 the first vacuum tube amplifier and oscillator. World-wide developments based on this research.” Medallion Rugs 353 University Ave. Palo Alto, CA 94301 Carpet store as an Angel Investor Store hours: 9AM to 7PM Monday through Saturdays. Sundays closed Tel. 650 329 9020 http://www.medallionrug.com/ http://www.forbes.com/forbes/2 012/0409/feature-pejman-nozadtech-silicon-valley-cinderella.html Steve Job’s Home SV entrepreneurs live here! Contact: Amir Amidi (owner) Athletic Club/Cycling How one guy who barely spoke English landed in the Bay Area, sold Persian rugs to venture capitalists--and became one of the most successful angels in tech. Increase awareness in the areas of: Angel investing: definition and role Introduce “smart money” “Everyone could become an angel” Increase awareness in the areas of: The importance of networking in SV Common interest outside work lead back to work Restaurants 15