Last week we had a small group of students visit our office from the Hamburg School of Business Administration. That’s right, they came to Silicon Valley all the way from Germany! As much as I would like to say they made the trip just to visit us, the truth is that they spent an entire week here in the Bay Area to meet with and learn from a variety of companies. How awesome is that? When I learned that the students took time out of their lives for this trip it reminded me that Silicon Valley is truly one-of-a-kind in terms of its business ecosystem. This was one of the best things about the students’ visit: we learned from them just as much as they learned from us. Hence, I would like to dedicate today’s #FanFriday post to the HSBA.
While at the office the students participated in learning sessions with our CEO, CFO, Sales and Marketing. Topics of conversation ranged from entrepreneurship and the state of Silicon Valley to software demos and go-to-market strategies.
My favorite part of the day was an observation from one of the students about venture capitalism: “It’s about growth, not about making [an immediate] profit.” She continued to talk about how different this concept is from Germany, where business is about security. Of course this makes sense, but again, it put things into perspective and reminded me that Silicon Valley is a bubble with its own rules.
Special thanks to Prof. Dr. Michael Höbig for organizing the visit to Dynamic Signal. We truly enjoyed hosting you and your students.
Below is a short questionnaire that students answered anonymously after their visit. Enjoy!
What were you hoping to learn on your trip to the SF Bay Area?
- I wanted to get-to-know the unique ecosystem in the SF Bay Area with its great mentality towards starting new businesses.
- I wanted to learn about the differences in the way entrepreneurs and investors think and act in SF Bay Area compared to Germany and other parts of the world (e.g. leadership, strategies and structure).
- I was excited to learn about the motivations to start a business and how to find the right people.
What are your top learnings from the trip?
- It was great to see companies from all different kinds of industries and in many different growth stages.
- I enjoyed learning about the differences in how each company we visited found and approached their investors.
- It was interesting to see that there are many different KPI’s for which a start-up can be measured on by its investors.
What was your top learning from your visit with Dynamic Signal?
- You need to solve at least one of your customers’ problems, otherwise, you have no product to sell.
- Employing a good team is one of the main keys to success.
Would you recommend Dynamic Signal to another group of students?