Recently, Mr. Dov Moran, the U disk inventor and the managing partner of Grove Ventures, visited GTIIT to share his story with GTIITers about USB flash disk and years of entrepreneurial experiences.
Mr. Moran began his self-introduction with "I'm a lucky dreamer", saying that his dream would not become reality if he was not born in a good country. "Israel is a small country with huge investment opportunities," he said that the entrepreneurial spirit and DNA, creative fusion between academy and business, powerful VC community, and R＆D government incentives are important factors for his personal growth.
Moreover, Mr. Moran noted the importance of timing. Born in 1955, he entered college at the time when computers came into public notice. The computer realm with large potential is urging talents. Moran had been interested in technology at his early age and his programming skills had improved dramatically in college. There is no doubt that this is an opportunity and good timing to show his hand. In 1989, the boy who graduated from the Technion and decided to "start up his own company" did start M-Systems. He led the company to grow its revenue to $1 billion in 18 years and it was sold to SanDisk (NSDQ: SNDK) for $1.6 billion at the end of 2006.
As for the startup and entrepreneurship, Mr. Moran said there are different experiences at distinct stages. In the beginning, he was frustrated due to lack of basic business knowledge, and was also faced with the problem of promoting the completion and improvement of initial products. Later, he needed to make choices of either being focused or following others. In 2015, he founded Grove Venture after years of efforts. "It's a win-win choice. I do what I really like to do. We help companies that would be supported by the fund ," he said.
At the end of the lecture, Mr. Moran also shared tips to achieve dreams:
Being stubborn and flexible
Entrepreneurs need to have clear goals and the determination to achieve their dreams regardless of everything. However, entrepreneurs should not head to the wall. They should learn to turn a corner and then turn back instead.
Be bold
I was the head of the microprocessor department in navy but later became an entrepreneur. Growing from a layman to an expert in business, I think the most important thing is to chase after dreams boldly.
Make a better world
The ideal life is not being rich or comfortable. Try to impact the world and make the world better.
Learn from mistakes
The process of starting a business is not always easy and smooth. Mistakes and even the repetitions of mistakes give us the chances to improve ourselves.
People first
The most important thing is "People First". People oftern spend time researching technology and developing better marketing strategies, but they forget that the most important thing is always to put people first. Everything starts from people and end with people.
Through the lecture, Mr. Dov Moran not only shared with the audience his unknown story of success, but also gave many suggestions to GTIITers, who are exploring the combination of technology and business. Let's hope that in the near future, there will be more technologies and products to make the world a better place.
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