[TEXT: 2016 Global Entrepreneurship Summit Silicon Valley–USA]
[President Obama] Since 2010, the Global Entrepreneurship Summit [TEXT: 2010 Washington, DC – USA]
has brought together the best innovators, thinkers, social entrepreneurs and investors to a different region of the world.
[TEXT: 2011 Istanbul, Turkey] We’ve come together to foster economic development,
[TEXT: 2012 Dubai, UAE] to promote health, especially for women and children,
and to advance the work that brings you here today: the entrepreneurship that creates jobs and opportunity.
[TEXT: 2013 Kuala Lumpur, Malaysia] We do all this because we believe that whether you live in Kuala Lumpur or Kuwait or Kansas City,
[TEXT: 2014 Marrakech, Morocco] when you’re free to have your own ideas, pursue your dreams, start your own businesses,
[TEXT: 2015 Nairobi, Kenya] serve your communities, it isn’t just good for your nations, it means more prosperity and progress for us all.
The United States hosts the Global Entrepreneurship Summit,
[TEXT: 2016 Silicon Valley – USA] this time in the birthplace of modern innovation, Silicon Valley.
[TEXT: 2016 Global Entrepreneurship Summit Silicon Valley–USA]
[TEXT: What is an entrepreneur?]
[TEXT: Daniel Lubetzky, Founder and CEO, KIND Snacks] For me an entrepreneur is a person that possesses the ability
[TEXT: Think Creatively] to both think creatively outside of the box and be able to execute on that vision.
[TEXT: Nina Vaca, Chairman and CEO, Pinnacle Group] It’s an attitude. It’s not a person, it’s an attitude.
[TEXT: What does an entrepreneur need to succeed?]
[TEXT: Julie Hanna, Executive Chair of the Board, KIVA] One of the critical things an entrepreneur has to have to be successful is being a learning machine.
[TEXT: Brian Chesky, Co-founder and CEO, Airbnb] Above all else, I think they need to be relentlessly resourceful.
[TEXT: Daphne Koller, President and Co-founder, Coursera] An entrepreneur needs grit, grit and perseverance.
[TEXT: Steve Case, Chairman, Revolution] Here’s a barrier but instead of being discouraged by it,
I’m going to figure out some way to get around it, or get over it, or just knock that barrier down and keep going.
[TEXT: Can an entrepreneur succeed alone?]
[Nina Vaca] One person alone doesn’t accomplish much. It’s actually a group of people.
[TEXT: Debbie Sterling, Founder and CEO, GoldieBlox] Get people behind you to believe in you and believe in your ideas and build a tribe.
[TEXT: Daymond John, President and CEO, The Shark Group] Every Batman needs a Robin, and I’m … I have a house filled of Robins.
[TEXT: What would the world be like without entrepreneurs?]
[Nina Vaca] That’s an excellent question.
[Daymond John] I can’t imagine that.
[Julia Hanna] (laughter)
[Daniel Lubetzky] Bleakness. Stagnation.
[Nina Vaca] What would the world be like without Henry Ford or the Wright Brothers? [TEXT: No cars? No planes?]
Without Mark Zuckerberg or Bill Gates? [No social media? No PCs?]
[Steve Case] I remind people that even the United States 250 years ago, it itself was a start-up. It was just an idea.
[TEXT: Your Idea]
[Debbie Sterling] It’s got to be the thing that gets you up every morning,
that you can’t stop thinking about, you can’t stop talking about.
It can’t just be one of those, oh, that’s a cool idea, maybe I should do that. It’s got to feel like a life calling.
[Julie Hanna] You have to ask yourself every day, “Who is smarter than me out there working on this problem,
and what do I have uniquely that they don’t have?”
[TEXT: Be Unique] Not just in your local market, but on a global scale.
[Daniel Lubetzky] Entrepreneurs by definition are creating opportunities that didn’t exist before, so you need to be comfortable risking the unknown.
[TEXT: Take Risks]
[Steve Case] You’re not going to have a big success if you’re not really willing to take some risks,
because the reality is the status quo is the status quo for a reason.
[Julie Hanna] Without risk-taking, you don’t have innovation, because innovation is fundamentally about experimenting and trying things out.
So it de-stigmatizes the idea of failure and turns it into a path of learning.
[Daphne Koller] Try something. It may or may not work.
Just try it, and if it doesn’t work, learn quickly and iterate and improve.
[Daymond John] You won’t know how you can flourish unless you take risks, unless you take chances, but affordable chances.
Affordable risks, things that you can recover from.
[Brian Chesky] Your vision might not be understood immediately. It might upset people.
[Daniel Lubetzky] So you are going to face
“No.” [TEXT: No]
“No thanks.” [TEXT: No Thanks]
“We don’t think this will work.” [TEXT: We don’t think this will work]
“We’re sorry.” [TEXT: We’re sorry]
“We’re not interested.” [TEXT: We’re not interested]
“It’s not what we’re looking for.” [TEXT: It’s not what we’re looking for]
[Brian Chesky] You have to have faith in your idea.
[Debbie Sterling] You have to be able to face that rejection and move beyond it.
[Nina Vaca] The word “no” or even the word “failure” is just part of the journey of success.
[Daymond John] The no’s become increasingly less as the yes’s become increasingly more.
[TEXT: Stay Connected]
[Daphne Koller] People have at their disposal many ways to connect with other people via social media and other similar channels.
[Nina Vaca] Building ecosystems of networks where you can meet people that are like-minded is the recipe for success for entrepreneurs.
[Daniel Lubetzky] It’s upon us and behooves us to make sure that we maintain those connections, that we deepen those connections.
[Julie Hanna] The more diversity of experience and background that we have, the greater diversity of problems and challenges we will address.
[TEXT: Keep Working]
[Daniel Lubetzky] I mean, the cool thing about entrepreneurs is that they are entrepreneurs.
[Daymond John] If it was just that easy, then everybody would be doing it.
[Debbie Sterling] Believe in yourself and know deep down that what you are doing is important.
[Steve Case] Never give up. Keep fighting and eventually you’ll break through.
[Brian Chesky] You have to just have faith that success is right around the corner.
[Daphne Koller] It’s never a clear path, it’s never easy. You just have to keep working at it.
[Julie Hanna] Never, ever, ever give up trying to create the future you want to live in.
[Nina Vaca] When one door closes, another one always opens.
[TEXT: 2016 Global Entrepreneurship Summit Silicon Valley–USA]