What insights did you take away from the program?
In reality, I put a lot of insights into practice. Naturally, I won't adopt them all because there are too many, and not all of them fit. But in the future, they might prove useful as we grow and become larger. Currently, we're still a small company. When we reach 1000 people, I think we can implement more things. Otherwise, it might not be feasible.
However, the most crucial thing I noticed was the need to work on improving communication within the team. I saw how well this was done in some companies. On the other hand, large companies, even ones like Uber and Google, suffer from communication breakdowns. We visited their offices and saw this firsthand.
Interestingly, many of our guest speakers who worked in these companies also worked in other companies like Apple, Facebook, and Twitter. They could compare and share their experiences. For instance, if someone is currently at Google but previously worked at Twitter for five years, they can compare and talk about the differences, providing insights without us needing to visit Twitter. You can learn what to do and what not to do.
The story of Twitter, for those following it, demonstrates they made many mistakes that could have led to their downfall. The company wasn't profitable despite having a large user base. They were on the brink of unprofitability and could have gone bankrupt. This is all tied to how a company is built.
In our group was Alexander Vysotsky, a renowned speaker and the owner of a company specializing in organizing and structuring businesses. They provide consultations and training programs for proper company organization, structuring, and developing positions so that a company can grow seamlessly. He commented on much of what we were told during our meetings. This was also valuable.
I realized that communication is a crucial aspect. Constantly improving communication within a company is something that cannot be overlooked. Meetings with staff are necessary. Large companies like Google and Uber utilize practices like "all-hands meetings" once a month, every two weeks, or even every week, where senior management meets the entire team and answers questions. It's very important. I believe such meetings should be held at least once a month.
Additionally, it's very important for everyone in the company to share common values. In many companies, management is based on values, not just instructions and rules. While the latter should also be adhered to, sometimes there can be too many rules, and no one wants to read through them, let alone follow them. Management based on values and the company's mission improves the system as a whole. People approach their work more responsibly, and internal relationships within the company also become essential.
I drew many conclusions for myself, but for the future, I understood that any startup I start, either on my own or with friends/partners, should be launched in Silicon Valley, even if we work elsewhere. InDriver, whose founder we met during the program, was launched in Yakutia, but its development happened precisely in Silicon Valley. I don't know how much his company was worth before coming to the USA, but now it's valued at over $1 billion. That means he developed the company to such an evaluation within a few years. He's operating in over 40 countries now. All this is happening very quickly. Now he can fly to Silicon Valley with ease, develop his company, and return to his headquarters, which is now in Kazakhstan. He can develop the business there as it's closer to his main hub. However, if you need to grow, you need to go to Silicon Valley.
Furthermore, I noticed that Silicon Valley culture makes people progressive and successful. There are no boundaries there. This culture starts on the streets, where everything is concentrated. You can enter a building and accidentally find yourself next to representatives of major companies, venture investors, and startup entrepreneurs. You can solve a problem on the spot. You don't need much time; you can quickly arrange a meeting. That's what happened with one of the participants in our group who deals with hair. Everything was organized very fast.
Culture is also tied to universities. We visited Berkeley and Stanford. They are different, but they nurture students, allowing them to develop and realize their ideas. This gives students the opportunity to open doors to their future. They have no limitations; they can develop in various directions. Additionally, California itself has no boundaries. Tolerance towards various aspects of life, be it religion or sexuality, is a part of it. This also contributes to progress. Here, everyone can find people with diverse interests and make contact with them, befriend them.
Do you think the program has changed you in any way?
Yes. As I mentioned before, the program shifts your perspective. After this program, you realize that the world is much larger than you had imagined. That's the essence of an immersion program. It should expand your boundaries and open up new horizons. You understand where you have room for development. This is very valuable for those who are planning similar programs. However, it's worth noting that this isn't an educational program. If your goal is to acquire basic or practical knowledge, it's better to turn to educational programs.
My friends sometimes ask me what I've learned. I gained a wealth of new knowledge, but it's not traditional learning. I didn't learn, for instance, how to create a quality control department. However, through interactions with entrepreneurs, I learned how they do it. Now I can apply some of that knowledge in my work. But if you want to build your company professionally, you should undergo training or hire a specialist. As many have advised me, why do something yourself if you can hire a professional who can do it for you?
To learn more about our immersion program in Silicon Valley and to receive a detailed day-by-day itinerary, please follow the link below.