HP Tech Ventures: Vitaly M. Golomb’s Thoughts on Global Entrepreneurship and Southeast Asian Startups
Vitaly Golomb
HP Tech Ventures: Vitaly M. Golomb’s
Thoughts on Global Entrepreneurship and Southeast Asian Startups
By Asha Gutierrez
The Inspiration Amongst Many Entrepreneurs
Vitaly M. Golomb is a man of vision
and precision. He seeks out in-depth market insights and keeps an eye on global
clusters of innovation. He is an investor, an entrepreneur, a keynote speaker,
and author of Accelerated Startup (2017.) Golomb
has a wealth of experience in both the startup and corporate worlds.
Asides from founding several companies,
he has been involved as an advisor and board member with many startups. Entrepreneurs
and corporate executives focused on innovation seek out his advice. Alexander
Masalov said that, "Vitaly
Golomb is very experienced and a real serial entrepreneur. The person you trust
from the first meeting. He gives useful recommendations and puts everything in to
place."
Golomb
was inspired to become an entrepreneur at a very young age while growing up in Silicon
Valley. At the age of thirteen, he was an intern at a start-up company called
Paragraph, (much of whose original team went on to create Evernote.) “I was
fortunate to get a small taste of the startup world, and the rest is history.”
he said. A year ago, he has joined legendary HP to help launch its corporate
venture arm, HP Tech Ventures. He has been busy promoting the group worldwide
and has spoken in over 20 countries last year. Before joining HP Tech Ventures,
he was involved as a mentor with a number of ventures funds and accelerators,
including 500 Startups. He has is known for his ability to break down
complicated problems and develop actionable strategy.
HP Tech Ventures and Southeast Asia
When asked about his Southeast Asia
travels, he replied that he has been to Singapore, Philippines, Thailand, Vietnam,
Malaysia, and Indonesia already. Golomb noticed that Southeast Asia shows a lot
of promise and opportunities for technology businesses to serve its
fast-growing population and economy. Another positive factor is Asia’s strong
work ethic. HP is a global company and its venture arm is uniquely global as
well. Where many American enterprises focus only on primary markets such as US,
Israel, and Western Europe; HP and Golomb are open to working with companies
virtually anywhere in the world. The only requirement is that the technology is
world-class and the entrepreneurs are ready to compete on a global level.
“We are a
relatively new team inside HP and are focused on supporting our main businesses
by partnering with startups doing breakthrough work in strategic areas for us: 3D
printing, VR/AR, commercial IoT, battery and display technologies, digital
health, life sciences, education, and artificial intelligence. HP’s value-add
to startups is both on the supply chain and manufacturing side, as well as global
distribution.” said Golomb.
The Secret to Early Stage Success
Golomb believes that the secret to
team success in the earliest stages of a company, is the combination of market,
team, and focus.
Getting the timing right and
predicting the growth of a market is probably the most important factor in
building fast-growth companies that disrupt the way current industry leaders
are solving a particular problem for their customers. New technology provides
the potential to solve the same old problems in a better, faster, cheaper, move
convenient way. The window of opportunity is quite tight here.
The team must have intimate knowledge
of the problem they are trying to solve to make fewer mistakes and move faster than
their competitors. They also should be complete and be able to design,
engineer, and sell their solution effectively.
Having the discipline to stay focused
on the strategy is very important as well. The more successful the company becomes;
the more distractions appear. Mature CEOs know how to keep the team focused on
the most important areas and not chase every shiny gold coin.
Giving Back to the Next Generation
Silicon Valley became what it
is, in-part, by mentoring the next generation of entrepreneurs. “It’s about
helping one generation help the next generation to go chase their dreams.” Golomb
said. Those who move from a small town or developing country and find success
in US or other big markets should never forget where they came from. They need
to come home and show the next set of dreamers that someone who looks like them
is able to find success. “Don’t move to San Francisco and never come back, it’s
very important that people come back to their home city because they understand
their culture best. They are the best role models for the next generation of entrepreneurs
there.”
All entrepreneurs dream of changing
the world. Sometimes they forget the second half of that sentence: “for the
better.” Golomb believes that entrepreneurship can be one of the strongest
forces for good and that’s why he travels the world to inspire young people to
dream big.
Want
to learn how to take your startup from idea to product to company? Read
Golomb’s book: Accelerated Startup,
available on Amazon and iBooks.
Are you a startup, investor or corporation? Or do you just enjoy talking about startups? There are many ways that you can work with TechShake.
We’d love to hear from you!