Decode Innovation Conference & Hurun Awards Launch Ceremony
<D/CODE> is a global, open community for ambitious creators and builders. We have our roots from Berkeley and Stanford (BSCF) as well as the tech and entrepreneurship community in Silicon Valley (Shinect), where we hosted the largest technology and innovation forum for the past 4 years, featuring speakers including founders and executives from Amazon, Apple, Facebook, Google, Netflix, Tesla and Zoom among others.
2020 is full of turbulence and uncertainty, which is also a great opportunity for prepared entrepreneurs. Stepping into its fifth year, <D/CODE> features speakers at the top of tech and innovation industries to share their experience and give advice to young entrepreneurs.
We launched the event yesterday on August 29, in partnership with Hurun Report, the most credible source of Chinese wealth research.
Bob Xu, founder of <D/CODE>, started the event and introduced <D/CODE>.
Session 1 – Forging the Future
Steve Jurvetson – Founder @ Future Ventures, Board Member @ Tesla & SpaceX
“Companies build at last are easier to build at the time of sour. It is easier to compete with companies when they are struggling. When something is disrupting business in general, new entries will have a chance. In other ways, they get bigger, with their brandings and everything else, keeping new entries away.”
“More people can be entrepreneurs than more people that will. One of the reasons that SpaceX has been able to do things that no one else has done is they are aiming for a price that no one else is aiming for. Their visions were big – colonizing Mars – none of the competitors is pursuing that in any serious way.”
“Entrepreneurs make dreams manifest. Colonizing other planets as greatest hits of revolution. Entrepreneurs do it. They always have, and always will. So, I encourage all of you today to up your aspirations, think, and dream big dreams, because frankly, if not you, then who?”
Session 2 – Wealth Creation
Rupert Hoogewerf – Chairman @ Hurun Report
“The speed of wealth creation today is such that we’ve never seen in the history of the world. They are at the time of the fourth industrial revolution, you got all these new technologies, electric cars being considered to be the future or E-Commerce being considered to be the future, and so on.”
“Entrepreneurship is incredibly infectious: it makes you want to go and talk to that investor who really knows about making that particular dream come true. ”
Panel 1 – Investment and Valuation Strategies
Michael Ryan – Founder @ Bullet Point Network, ex-head of public equity at Harvard Endowment Fund, ex-head of Global Equity at Goldman Sachs
Shuo Chen – CEO @ Shinect, General Partner @ IOVC
“What you say no is as important as what you say yes.”
“Using quantitative data with qualitative insight is the better way to make decision.”
“What I wish me to know 30 years ago: develop and cherish relationships including people who challenge you and people who help to bring you into the door.”
“My advice to young entrepreneurs is to ‘find your power’, breaking down all possibilities and looking at all kinds of opportunities to find what you are great at and what you like to do.”
Panel 2 – Opportunities for Entrepreneurs Post COVID-19
Amy Duan – Founder & CEO @ Chihuo
Reynold Wu – Product Manager @ Google, Former CEO @ Shinect
Lifeng Li – Founder @ Weiwu Style
“People’s tastes are very, very different. They are totally segmented, so it’s the same case when talking about consumer product and consumer behaviors. For people here, if you want to do something new, you just go out and observe and you try out different things, because you have nothing to lose.” — Amy Dua
Q: What are some of the signs or sources of information that you look at to predict an economic downturn?
Reynold: In general the economy cycle is one indicator, investment market is another good sign for us. There has not been much new technology in recent years to drive the growth of tech industry. I don’t want to call it a prediction, it is a matter of evaluating the opportunity cost.
Q: Speaking of opportunity cost, for college new grad, do you recommend joining a large firm or an earlier stage company at an economic downturn?
Reynold: It depends on your own situation. If you are a real entrepreneur, it is a great time to make something big. However, the failure rate might be higher than before. If you want to build your career/resume, a big corp might be good. Or the leader in any industry you are interested in should be fine.
Moderated by Lifeng Li, founder of WeiWu Style.
This is a pre-launch event for our main conference in October. Follow us to get more information about the event!
We’ll be posting recordings on YouTube shortly. Follow us to get first access: https://www.youtube.com/channel/UCrNM6V197nXEXXRBHq58CmA.