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11 Profound Facts About Innovation for 2015 Presented by LeanEnterprise.co

10 Profound Facts About Innovation for 2015

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2015 will be the year of innovation, is your company prepared?

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Page 1: 10 Profound Facts About Innovation for 2015

11 Profound Facts About Innovation

for 2015

Presented by LeanEnterprise.co

Page 2: 10 Profound Facts About Innovation for 2015

“By 2020, more than three-quarters of the S&P 500 will be companies

we have not heard of yet.” !

-Professor Richard Foster, Yale University

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Page 3: 10 Profound Facts About Innovation for 2015
Page 4: 10 Profound Facts About Innovation for 2015

-PwC study with 1,757 corporate executives

93% of executives are

looking to innovation to drive growth

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Page 5: 10 Profound Facts About Innovation for 2015

-PwC study with 1,757 corporate executives

81% of executives do NOT

believe their organizations know

how to lead innovation

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Page 6: 10 Profound Facts About Innovation for 2015

“Over the last ten years, 40 different billion-dollar startups were

founded.” !

-Aileen Lee, Cowboy Ventures

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Page 7: 10 Profound Facts About Innovation for 2015
Page 8: 10 Profound Facts About Innovation for 2015

“Facebook is now worth more than Disney, Coca-Cola, and Intel.”

!-Matt Phillips, QZ.com July 2014

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Page 9: 10 Profound Facts About Innovation for 2015
Page 10: 10 Profound Facts About Innovation for 2015

“A gigabyte of storage in 1993 cost over $9,000. Now it’s a mere 4

cents.” !

-Julie Bort, Business Insider 2013

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Page 11: 10 Profound Facts About Innovation for 2015

“The cost is almost nothing to build the next Twitter. Assume $160 for a

Ruby on Rails course plus free hosting on Heroku.”

!-Courtney Boyd Myers, The Next Web

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Page 12: 10 Profound Facts About Innovation for 2015

The Startup Curve

BeforeStartup

Source: Paul Graham; avc.com

Time

Hap

pine

ssThe Startup Curve

InitialEnthusiasm

BeforeStartup

Source: Paul Graham; avc.com

Time

Hap

pine

ssThe Startup Curve

InitialEnthusiasm

Reality Sets In

BeforeStartup

Source: Paul Graham; avc.com

Time

Hap

pine

ssThe Startup Curve

InitialEnthusiasm

Reality Sets In

TROUGH OF SORROW

BeforeStartup

Experimenting & Pivoting

Source: Paul Graham; avc.com

Time

Hap

pine

ssThe Startup Curve

InitialEnthusiasm

Reality Sets In

TROUGH OF SORROW

BeforeStartup

Starts Working

Experimenting & Pivoting

Source: Paul Graham; avc.com

Time

Hap

pine

ssThe Startup Curve

InitialEnthusiasm

Reality Sets In

TROUGH OF SORROW

BeforeStartup

Product/Market Fit!

Starts Working

Experimenting & Pivoting

Source: Paul Graham; avc.com

Time

Hap

pine

ssThe Startup Curve

InitialEnthusiasm

Reality Sets In

TROUGH OF SORROW

BeforeStartup

Product/Market Fit!

Scale

Starts Working

Experimenting & Pivoting

Source: Paul Graham; avc.com

Time

Hap

pine

ss

Page 13: 10 Profound Facts About Innovation for 2015

“The application of disruptive technologies at the time of development were not only unknown, but unknowable.”

!-Clay Christensen, The Innovator’s Dilemma

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Page 14: 10 Profound Facts About Innovation for 2015

“Our findings support the idea a firm’s scope for strategic change is

bound by external entities (i.e. existing customers).”

!-Clay Christensen, The Innovator’s Dilemma

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Page 15: 10 Profound Facts About Innovation for 2015

9“Despite the popular conception of entrepreneurs as risk takers, risk aversion does not seem to affect

the decision to become an entrepreneur.”

!-Noam Wasserman, The Founder’s Dilemmas

Page 16: 10 Profound Facts About Innovation for 2015

10“The founders of Twitter, Instagram, Pinterest, Foursquare, Asana, and

others were Google employees who found it easier to start their

ventures on their own.” !

-Trevor Owens, The Lean Enterprise

Page 17: 10 Profound Facts About Innovation for 2015

“The average entrepreneur has fourteen years of work experience and many of the most successful

worked in large corporations.” !

-Trevor Owens, The Lean Enterprise

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