the silicon valley perspective
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The Silicon Valley Perspective. Carl Guardino President & CEO, Silicon Valley Leadership Group. Seattle Delegation Visit March 23, 2011. “Our job, as CEOs, is not to sit on the sidelines, to cheer or jeer. Our job is to get into the game and move the ball forward.”. - PowerPoint PPT PresentationTRANSCRIPT
Silicon Valley Leadership Group | svlg.org
The Silicon Valley PerspectiveCarl GuardinoPresident & CEO, Silicon Valley Leadership Group
Seattle Delegation VisitMarch 23, 2011
Silicon Valley Leadership Group | svlg.org
“Our job, as CEOs, is not to sit on the sidelines, to cheer or jeer.
Our job is to get into the game and move the ball forward.”
David PackardHewlett-Packard CEO and
Silicon Valley Leadership Group Founder
Silicon Valley Leadership Group | svlg.org
2.4 million people
1 million jobs
10.9% unemployment Feb. 2011
7000 high-tech employers
Silicon Valley - Current Status
Silicon Valley Leadership Group | svlg.org
1. 153 CEO Respondents
2. $1.7 trillion in annual global revenue
3. Special Section: 304 Venture-Backed, High-Tech CEOs – what do they need?
7th Annual CEO Business Climate Survey8th Annual Survey is currently in the field
Silicon Valley Leadership Group | svlg.org
– By more than 3:1 CEOs see more job growth in their business cluster
– By more than 8:1 CEOs see more job growth for their company
CEO's Speak Out: Silicon Valley Business Climate
Job Growth in 2010
Silicon Valley Leadership Group | svlg.org
Talent
Technology
Temperament
Training
Treasure
Temperature
CEO's Speak Out: Silicon Valley’s Core Strengths
Silicon Valley Leadership Group | svlg.org
CEO's Speak Out: Silicon Valley’s Core Strengths
• 53% of engineers• >50% of CEOs
& founders of tech companies
• >50% of U.S. college professors (advanced technical subjects)
Access to Skilled Labor
CEO's Speak Out: Silicon Valley’s Core Strengths
Talent
Technology
Temperament
Training
Treasure
Temperature
Silicon Valley Leadership Group | svlg.org
Talent
Technology
Temperament
Training
Treasure
Temperature
• >50% of U.S. college graduates earning advanced technical degrees are foreign born
• 51.2% of U.S. full-time workforce are women, and more than half of U.S. college graduates are women
Access to Skilled Labor
CEO's Speak Out: Silicon Valley’s Core Strengths
Silicon Valley Leadership Group | svlg.org
CEO's Speak Out: Silicon Valley’s Core Strengths
Talent
Technology
Temperament
Training
Treasure
Temperature
• Sergey Brin, Google• Andrew Grove, Intel• Jerry Yang, Yahoo!
Examples
CEO's Speak Out: Silicon Valley’s Core Strengths
Silicon Valley Leadership Group | svlg.org
• Aerospace \ Defense• Semiconductors• Personal Computers• Software• Internet• Green Tech• Smart Phones• Electric Vehicles
CEO's Speak Out: Silicon Valley’s Core Strengths
Talent
Technology
Temperament
Training
Treasure
Temperature
Entrepreneurial Mindset
CEO's Speak Out: Silicon Valley’s Core Strengths
Silicon Valley Leadership Group | svlg.org
• “Frenemies”• “Co-opetition”
Talent
Technology
Temperament
Training
Treasure
Temperature
Proximity to Customers and Competitors
CEO's Speak Out: Silicon Valley’s Core Strengths
Silicon Valley Leadership Group | svlg.org
• Three of top 15 universities in the world are in Silicon Valley (Economist Magazine)
Talent
Technology
Temperament
Training
Treasure
Temperature
World Class Universities
CEO's Speak Out: Silicon Valley’s Core Strengths
Silicon Valley Leadership Group | svlg.org
• Nationally, venture capitalists (VC) invested $5 billion in U.S. companies in the fourth quarter of 2010
• Bay Area companies received 40 percent of all nationwide Venture funding
• The number of venture capital deals increased by 12 percent to 3,277 in 2010
Talent
Technology
Temperament
Training
Treasure
Temperature
Access to Venture Capital
CEO's Speak Out: Silicon Valley’s Core Strengths
Silicon Valley Leadership Group | svlg.org
• 300 Days of Sunshine• Avg. temp: 72F
Talent
Technology
Temperament
Training
Treasure
Temperature
Climate / Weather
CEO's Speak Out: Silicon Valley’s Core Strengths
Silicon Valley Leadership Group | svlg.org
• Housing Costs• Business Taxes• Recruitment Costs• State Budget
Structure• Health Care Costs
A CEO’s view:
Businesses Challenges
Silicon Valley Leadership Group | svlg.org
• Housing Costs• Business Taxes• Recruitment Costs• State Budget
Structure• Health Care Costs
• Housing Costs• High Taxes• Traffic Congestion• Health Care• K-12 education
A CEO’s view:
EmployeesBusinesses Challenges
Silicon Valley Leadership Group | svlg.org
• Housing Costs• Business Taxes• Recruitment Costs• State Budget
Structure• Health Care Costs
• Housing Costs• High Taxes• Traffic Congestion• Health Care• K-12 education
A CEO’s view:
EmployeesBusinesses Challenges
Improve K-12
Education
Continue R&D Tax
Credit
Invest In Traffic Relief
Create Affordable Housing
Improve Higher
Education
Actions State Can Take
Silicon Valley Leadership Group | svlg.org
• $37.8 million invested• $1.8 billion of total leverage• 8,963 total housing
opportunities
Solutions:
Housing Trust of Silicon Valley:Affordable Homes for Silicon
Valley
Silicon Valley Leadership Group | svlg.org
• 16.1 mile extension• 100,000 daily trips
Solutions:
Traffic Congestion Solution:Bart Extension
Silicon Valley Leadership Group | svlg.org
• 79-mile corridor• ~40,000 daily riders• $30M Deficit for 2011/12
Solutions:
Traffic Congestion Solution:Keep Caltrain Running
Silicon Valley Leadership Group | svlg.org
• 74 Teachers trained this year• We trained 275 over four years• This year we began a 12 hour
"Professional Learning Community" component that will take place after the 80 hours of professional development where teachers will meet in small groups to talk about how they are using their new content knowledge to inform their instruction in the classroom
• We hope to train 100 teachers next year and pilot a measurement for student growth
Solutions:
Math Initiative:Teacher Improvements
Silicon Valley Leadership Group | svlg.org
Silicon Valley Leadership Group | svlg.org
Silicon Valley Leadership Group | svlg.org
Silicon Valley Leadership Group | svlg.org
Silicon Valley Leadership Group | svlg.org
Silicon Valley Leadership Group | svlg.org
White Paper Recommendation:Strategic Plan
Silicon Valley Leadership Group | svlg.org
White Paper Recommendation:Education Reform
Silicon Valley Leadership Group | svlg.org
White Paper Recommendation:Reform – Pension, Budget & Governance
Silicon Valley Leadership Group | svlg.org
White Paper Recommendation: Infrastructure / Resources and Revenue
Silicon Valley Leadership Group | svlg.org
White Paper Recommendation: Energy/Environment
Silicon Valley Leadership Group | svlg.org
White Paper Recommendation:Developing Markets
Silicon Valley Leadership Group | svlg.org
‘Siliconia’ USA
Silicon Valley Leadership Group | svlg.org
Thank you!