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Creative and knowledge-intensive industries are vitally important to economic development and the City of Perth recognises the significant role that entrepreneurship and innovation plays in driving tangible economic outcomes. 


Adeo Ressi on Bringing Silicon Valley to Entrepreneurs and the Threshold of Crazy

Posted by Amity Sims on 2012-11-05

The Founder Institute’s Adeo Ressi was recently featured on the Press: Here segment of NBC Bay Area and in a SiliconBeat article entitled “Founder Institute’s Adeo Ressi Says Better To Bring Silicon Valley To Entrepreneurs Than It Is To Bring Entrepreneurs To Silicon Valley” by Mike Cassidy.

Adeo sat down with host Scott McGrew, Eric Savitz of Forbes, and Jon Swartz of USA Today, to discuss how the Founder Institute takes a unique approach to entrepreneurship by bringing Silicon Valley to entrepreneurs all over the world. In lieu of relocating to Silicon Valley to start a business, the Founder Institute helps entrepreneurs build startups in their own communities. 

Ressi believes that when the world’s most talented entrepreneurs flock to Silicon Valley “you’re sucking out the oxygen of these local ecosystems. I like to see the best and the brightest stay in their cities and build great companies there. There is no reason that there is one destination for smart entrepreneurship” - hence the notion of ‘Globalizing Silicon Valley’. 

Adeo also filled in reporters on the system in which the Founder Institute enrolls potential startup founders – a highly selective process that aims to measure success both during and after the 4 month program. He says the test highlights attributes of entrepreneurship as well as flags applicants who may be problematic, which reporters jokingly coined as a ‘threshold of crazy’. 

To see the full interview watch the video below as well as Mike Cassidy’s coverage of the interview on SiliconBeat

 

        

 

The Founder Institute currently operates in over 30 cities worldwide and has launched over 650 companies since its three years in operation. The program is open to anyone that is passionate about building a technology company; idea or no idea, full-time job or unemployed, young or old, male or female, experienced in business or straight out of school. Click here to learn more and apply today.

 

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