Speaker:PehongChen:10-18-06

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Image:Pehong_Chen.jpg Dr. Pehong Chen


Biography

President, CEO and Chairman of the Board, Broadvision, Inc., Dr. Pehong Chen is a renowned expert and leader in the field of new media and enterprise business portal technologies. Prior to founding BroadVision in 1993, he was vice president of multimedia technology at Sybase, responsible for the company's interactive initiatives. Earlier, he founded and was president of Gain Technology, a leading supplier of multimedia software tools, where he pioneered multimedia as an enabling technology for a new generation of business applications. Gain was acquired by Sybase in 1992. Having personally started and run two successful software startups, Dr. Chen uses his experience and resources to help others do the same. In 1993, he provided startup capital for Siebel Systems, now a worldwide leader in front office automation software, and served on its board of directors until 1996.



Lecture Summary: Five Golden Rules for Entrepreneurs to Succeed in Global Business (October 18, 2006)

Rule #1: “Everything that can be invented has been invented.”

  • Charles H. Duell, Director, U.S. Patent Office 1899
  • New things are being invented everyday. (Who would have thought that we would ever need another search engine? i.e. Google?)
  • “There is something new everyday”


Rule #2: 80% of the consequences stem from 20% of the causes.
 Examples include

  • 80% of a nations wealth stemming from 20% of the population,
  • or 80% of a venture capital returns coming from only 20% of the portfolio.


Rule #3: The 50% (aka “Half/Half”) Rule.

  • Is the glass half-full or half-empty?
  • “Good fortunes spawn from the bad; Bad fortunes lurk inside the good.”- Daodejing by Laozi


Rule #4: “The first 90 constitute only 50% of a 100-mile journey.”

  • Book of Warring States
  • An example would be Atari vs. Nintendo


Rule #5: The 100% (aka “Flat”) Rule

  • Where should you go when you graduate? “Buy a one way ticket to Asia.” – Steven Black
  • World’s largest economy since Roman Empire’s collapse until industrial revolution
  • GDP to become world’s largest again by 2025�(per capita income to match G7 by 2050)
  • Annual growth rate >10%
  • Build, build, build: mega-infrastructure build-outs
  • Spend, spend, spend: 400M middle class consumers by 2020
  • Sell, sell, sell: world’s manufacturing center
  • 2006 foreign reserves >USD$1 trillion


Digital Revolution

  • World’s largest mobile phone population >400M
  • World’s largest Internet population >150M (50% broadband)
  • Universities generate >250K Java programmers per year
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