Naveen Jain

Naveen Jain @ Draper University: How to Build a Billion Dollar Company

naveen-jainFebruary 6, 2015 - “It's not about the innovation, it's about flawless implementation.” There are some people who think that if you have a good idea you are going to “own” the market. Naveen Jain has a different perspective on that. He believes that the execution of an idea can be more important than the idea itself. In fact, he says that the idea is a 10% of a business and execution is the other 90%.

Naveen visited Draper University last week and spoke to DU's Winter 2015 Class. He stated that if you want to create something big, you don’t have to see outside of the box, you have to be in a completely different box. He went on to say, "If nine out of ten people don’t consider you crazy for your idea, then you are not thinking big enough.” Naveen believes this is the only way to solve challenging problems, such as today's education system, which according to him is not broken, but obsolete because it doesn't apply to the realistic situations and problems. It only allows for either a right or wrong answer with no gray area. That’s not the case in the life. In reality, problems are solved by teams working together to find different solutions.

Advice for Entrepreneurs

Naveen believes that in order to be a successful entrepreneur you need to work with people whose perspective are opposing your own. He also says that you have to deeply believe in yourself, have a passion, and make your differences your advantages. You can never beat someone in their own game, you have to beat them being you, in your game. Then, you can use all the things that make you different as your weapons. Be yourself and take advantage of what makes you stand out from your competition.

~ Guest post by Raimundo Silva who is from Santiago, Chile and is currently a student in DU’s Winter 2015 Class.

Naveen Jain of Moon Express: Shoot for the Moon

naveen jain moon expressJanuary 29, 2015 - Have you ever wondered what the moon is made of? What new materials and opportunities may be there? Thanks to Moon Express, you may be able to have those answers. We have the pleasure to announce that Naveen Jain, co-founder and chairman of Moon Express (amongst an impressive resume of other startups and companies), is coming to Draper University's Winter 2015 class!

Naveen Jain

Amongst being an amazing entrepreneur and philanthropist, Naveen Jain is also behind impressive companies such as Moon Express, inome, TalentWise, Intelius, World Innovation Institute, and InfoSpace. Also he writes in Forbes, WSJ, Huffington Post, and Inc.com. Currently Naveen is exploring ways to use neuro-plasticity to create better learners and develop neuroscience-based in multi-sensory video games that are effective and additive for teaching students skills like math, science, and history. He is convinced that our education system is obsolete, not meeting the needs of the present threating all the kids like if they where in an assembly line being exactly the same, while they are all different with different learning. Another thing he mentions is that we are advancing the kids in an annual basis and not when they are ready to advance to the next grade, which could be a month or a year depending on the person.

Moon Express

Moon Express is currently working on the lunar lander MX-1 - a low cost spacecraft that is powered by sunlight and use hydrogen peroxide as fuel (oxygen enriched water compound). But this is not any ordinary lunar lander. The MX-1 can support many apps, so it can explore the moon and it's resources. If everything goes according to plan, the MX-1 should be lunched this year. In 2010, NASA selected Moon Express to take part in the Innovative Lunar Demonstrations Data program, and in the same year, they were recognized leaders by Google Lunar XPRIZE due to the flexible and scalable MX-1 that is going to dramatically reduce the costs of space exploration.

We invite you to read more about Naveen and see his TED talk about the most complex problems on the growth of the population in the world. We'll also be livestreaming his talk to DU's Winter 2015 class tomorrow Friday 1/30 at 10am so be sure to tune in!

~ Guest post by Raimundo Silva who is from Santiago, Chile and is currently a student in DU’s Winter 2015 Class.

Draper University's Winter 2015 Class Kicks Off with a Bang

January 26, 2015 - Draper University's 8th residential program kicks off today with 36 new Heroes-in-Training. Student entrepreneurs come from all corners of the globe, including Argentina, Brazil, Chile, China, Colombia, Estonia, Ethiopia, Jamaica, Russia, Thailand, and Ukraine. Students will get access to some of the brightest minds and inspirational speakers in Silicon Valley, and the week one is no exception. Check out the line up below of amazing thinkers, innovators, investors, and entrepreneurs who will be speaking to DU Winter 2015 this week.

Winter 2015 Week 1

Ready to start your entrepreneurial journey? We're now accepting applications for our Spring 2015 class. Visit our website to submit your application by the final deadline: February 20.

10 Tips from Inspiring Speakers at Draper University

Student Post – January 6, 2015 – Culled from the 2014 Summer class draper-selfie1. “Want to be a billionaire? Do this: solve a billion dollar problem OR solve a billion people’s problem.” — Naveen Jain

2. “After your first 12 years, you become a know-it-all. It’s simply the nature of intelligent beings. Now, we’re all tasked with re-gaining the template of being open or facing impending stagnation.” — Dr. Joon Yun

3. “You’re always better off renting; software, office, staff, etc. ” —  Joel Yarmon

4. “There’s honestly no better customer in the world than the desperate mom. That’s why I love direct-to-consumer marketing in the education industry.” — Dave McClure

5. “Once you get OPM (other-people’s-money), you officially have a boss. Entrepreneurs have bosses too. ” — Trip Hawkins

6. “Experts will either tell you why it can’t be done or give you an incrementally better idea. So, if you have a brilliantly disruptive idea, never go to an expert.” — Naveen Jain

7. “All technologies are combinations of technologies that already exist. Nothing is truly new.” — Steve Jurvetson

8. “It’s okay to say ‘no’ to unreasonable people. Protecting your network and reputation is paramount.” — Heidi Roizen

9. “When the going gets tough. Grab a partner. And MOSH.” — Chocolate Heads Movement Band

10. “It’s an incredible sight to watch when the unstoppable force meets the immovable object.” — Tim Draper

Interested in an opportunity of a lifetime? Apply today: http://draperuniversity.com//apply/.

~ Guest post by Adé O. who is from Maryland and was part of DU’s Summer 2014 Class.

Draper University's Amazing Guest Speakers from Silicon Valley

Student Post – June 20, 2013 – We had some absolutely amazing guest speakers come into Draper University during the Spring 2013 Class, they were all hugely inspiring and it was such a privilege to sit in beanbags and listen to them. In this blog post I'm going to run though five of my favorite guest speakers.

Bill Draper1. Bill Draper

Bill was one of the first venture capitalists in Silicon Valley, and with this comes some great stories! Bill was fantastically captivating when talking about some of his investments and his time in the US government working for Ronald Reagan.

Naveen Jain2. Naveen Jain

Naveen is a serial entrepreneur with a special interest in science and technology. Naveen has a first rate mind and can tell you about anything science related. He also has the best business card I've ever seen!

Strikingly3. David Chen & Teng Bao

David and Teng are co-founders of YC backed Strikingly, they make it really easy to build mobile optimized websites with no coding required. They sat down with us for an informal fireside chat about their story and how they got started. They were incredibly funny and very open about the struggles of running your own startup.

Jamis MacNiven4. Jamis MacNiven

Jamis is the owner of Buck's of Woodside, a small restaurant famous for hosting VC's and entrepreneurs. Some of history's biggest VC deals were done at tables in Buck's. Jamis came in to talk about why Silicon Valley is the best place to be and start your business.

Mike Cassidy5. Mike Cassidy

Mike is a serial entrepreneur with a number of successful exits and is currently a director at Google X. Mike came in to tell us about his startup philosophy of SPEED. He told us about a story when he pitched DFJ at 8:15am and demanded a term sheet by 4:30pm.

~ Guest post by Alex Nguyen who is from the UK and was part of DU's Spring 2013 Class.