What It Takes to Be a Remarkable Leader: John Doerr, Venture Capitalist

Transcript

it it's a a a privilege to be here and even more of an honor to be here with two GSB alums partners of mine and I want to offer you some career advice and tell you the story of of Kleiner Perkins and be sure that uh Trey Vaso to your left my partner since 2000 in a GSB grad can share with you her perspective on Innovation entrepreneurs and venture ... Read More

Summary

In this video, partners from Kleiner Perkins offer career advice and discuss the company's strategy in green and digital technologies. They answer questions about the state of the industry, traits of successful entrepreneurs, and the future of clean energy. They also emphasize the importance of learning, developing management skills, and maintaining personal networks.

Questions & Answers

Q: How are we going to avoid catastrophic irreversible climate crisis?

The partners believe that while innovations in green technology can help solve some of the environmental problems, the key is to implement the right policies, such as putting a price on carbon and investing in research and development. They stress the importance of taking action before the upcoming elections to ensure the United States remains a leader in combating climate change.

Q: What are the other power generation options besides solar?

Kleiner Perkins is also investing in wind, geothermal, and other renewable energy sources. They see opportunities for innovation and growth in these areas and believe that a diverse portfolio of clean energy technologies is necessary to solve the energy crisis.

Q: What about Android?

The partners acknowledge the competition from Android in the mobile technology space but state that they focus on investing in companies that offer unique value propositions and differentiate themselves from the competition. They are also interested in the monetization models of these companies and how they can provide value to users.

Q: What is one piece of advice for someone starting a company today?

The partners advise entrepreneurs to have a big idea and the ability to motivate a team to pursue that idea. They also emphasize the importance of developing leadership skills, making wise judgments, and being able to inspire others to join their mission.

Q: What are the traits of successful entrepreneurs?

Successful entrepreneurs have a strong vision, the ability to inspire others, and good judgment. They are also lifelong learners and constantly seek to improve their skills. Being a good leader and communicator is essential, as well as being able to adapt and learn from mistakes.

Q: How is Kleiner Perkins' culture different from other venture capital firms?

Kleiner Perkins has a collaborative and team-oriented culture. They value diversity and encourage partners to put their ideas on the table to find the best solution. They also work in teams, often collaborating with other partners on investments, and have a consensus-based decision-making process.

Q: How does Kleiner Perkins make investment decisions?

Investment decisions at Kleiner Perkins are made collaboratively, with input from all partners. While any partner can veto an investment, decisions are typically made through consensus. The firm values teamwork and collaboration, and partners often work together on investments.

Q: How are you funding green tech companies?

Kleiner Perkins has raised a billion-dollar green tech fund and devotes a significant portion of their ordinary startup venture capital dollars to green investments. They also syndicate investments with other venture investors and explore government programs, such as loan guarantees, to provide additional capital for green tech companies.

Q: What was the biggest mistake you've made and how did you overcome it?

The partners discuss the importance of learning from mistakes and being resilient. While they do not give specific examples, they emphasize that mistakes are part of the entrepreneurial journey and overcoming them requires determination, flexibility, and a willingness to adapt.

Q: What trends are you seeing in venture capital and how is Kleiner Perkins responding?

The partners believe that venture capital is evolving, with more focus on social entrepreneurship and impact investing. Kleiner Perkins responds by investing in companies that align with their focus areas and by staying up-to-date with industry trends. They are committed to supporting innovative entrepreneurs and helping them achieve their goals.

Takeaways

The partners at Kleiner Perkins believe that it is crucial to address the climate crisis and invest in clean energy technologies. They emphasize the importance of implementing policies and making investments to support this transition. They also advise entrepreneurs to focus on learning, developing management skills, and building personal networks. Ultimately, they believe that successful entrepreneurs are those who have a strong vision, the ability to inspire and lead others, and adaptability to overcome challenges.