SXSW 2013 Daily Recap - Tuesday

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Information about SXSW 2013 Daily Recap - Tuesday
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Published on March 13, 2013

Author: effectiveui

Source: slideshare.net

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EffectiveUI's team on the ground covers the final day of SXSW Interactive, March 7-12, 2013 in Austin, TX. Highlights from this day include an informative session by entrepreneur Peter Thiel and the 2013 SXSW Interactive Awards winners.

SXSW 2013 DAILY RECAP © 2013 EffectiveUI, Inc. All rights reserved.

TUESDAY MARCH 12TH, 2013Winner, Winner Chicken Dinner :: Interactive Award Winners Announced sxsw13 DAILY RECAP © 2013 EffectiveUI, Inc. All rights reserved.

FROM PETERTHIEL TO • • Tuesday was the last day of SXSWi Peter Thiel provided a fascinating talk about the role ofTHE luck in start-upsINTERACTIVE • The Awards ceremony was very entertaining thanks to great projects and very lively Aisha TylerAWARDS sxsw13 DAILY RECAP © 2013 EffectiveUI, Inc. All rights reserved.

WHAT’S LUCK GOT TO DOWITH IT?Peter Thiel, venture capitalist and entrepreneur, shared with theaudience about the role of luck in startups. He had several greatthought provoking comments which will be shared in subsequentslides. sxsw13 DAILY RECAP © 2013 EffectiveUI, Inc. All rights reserved.

“The most important moment in my mind in the history of Facebook occurred in July 2006.” He’s referring to the day they turned down a $1B offer from Yahoo and was making a point that companies with a plan don’t sell. He went on to say at that time only Google and eBay had turned down $1B offers (goodMEMORABLE company to be in). Of course, we now have Groupon in that category and time will tell if that was the right move.QUOTES There is a good article regarding this quote in the Atlanta Black Star: http://atlantablackstar.com/2013/03/13/legendary- entrepreneur-venture-capitalist-peter-thiel-talks-facebook- at-sxsw/ sxsw13 DAILY RECAP © 2013 EffectiveUI, Inc. All rights reserved.

“Everything that takes longer than a year is considered unreal and fake. This is the offical religion that we have today.”MEMORABLE Peter said he didn’t subscribe to this religion but that it was real. And considering the audience was filled withQUOTES aspiring entrepreneurs, this comment will hopefully have a lasting impact. Nothing comes easy. It takes a plan ... and not just a 12 month plan. Many times throughout his speech Thiel emphasized the importance of the long haul. sxsw13 DAILY RECAP © 2013 EffectiveUI, Inc. All rights reserved.

“A company with a lot of cash is out of ideas.”MEMORABLE Peter was making the point that companies with a lot of ideas need capital. They need to borrow or are seekingQUOTES investment capital to execute on their ideas. I wonder what he thinks about Apple. sxsw13 DAILY RECAP © 2013 EffectiveUI, Inc. All rights reserved.

AND THEWINNER IS?Aisha Tyler entertained the crowd as she announced allthe winners of the interactive awards. A few of thewinners included Wikipedia Zero, Chrome Web Lab,Charity Miles, Nike+ FuelBand and more. The completelist of winners can be found here: http://sxsw.com/interactive/news/2013-sxsw-interactive-awards-winners-announced sxsw13 DAILY RECAP © 2013 EffectiveUI, Inc. All rights reserved.

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