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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.”.
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The Silicon Valley Perspective Carl GuardinoPresident & 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.” David PackardHewlett-Packard CEO and Silicon Valley Leadership Group Founder
2.4 million people 1 million jobs 10.9% unemploymentFeb. 2011 7000 high-tech employers Silicon Valley - Current Status
7th Annual CEO Business Climate Survey8th Annual Survey is currently in the field • 153 CEO Respondents • $1.7 trillion in annual global revenue • Special Section: 304 Venture-Backed, High-Tech CEOs – what do they need?
CEO's Speak Out: Silicon Valley Business Climate • 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 Job Growth in 2010
CEO's Speak Out: Silicon Valley’s Core Strengths CEO's Speak Out: Silicon Valley’s Core Strengths Access to Skilled Labor • 53% of engineers • >50% of CEOs & founders of tech companies • >50% of U.S. college professors (advanced technical subjects)
CEO's Speak Out: Silicon Valley’s Core Strengths Access to Skilled Labor • >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
CEO's Speak Out: Silicon Valley’s Core Strengths CEO's Speak Out: Silicon Valley’s Core Strengths Examples • Sergey Brin, Google • Andrew Grove, Intel • Jerry Yang, Yahoo!
Aerospace \ Defense Semiconductors Personal Computers Software Internet Green Tech Smart Phones Electric Vehicles CEO's Speak Out: Silicon Valley’s Core Strengths CEO's Speak Out: Silicon Valley’s Core Strengths Entrepreneurial Mindset
“Frenemies” “Co-opetition” CEO's Speak Out: Silicon Valley’s Core Strengths Proximity to Customers and Competitors
Three of top 15 universities in the world are in Silicon Valley (Economist Magazine) CEO's Speak Out: Silicon Valley’s Core Strengths World Class Universities
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 CEO's Speak Out: Silicon Valley’s Core Strengths Access to Venture Capital
300 Days of Sunshine Avg. temp: 72F CEO's Speak Out: Silicon Valley’s Core Strengths Climate / Weather
A CEO’s view: Businesses Challenges • Housing Costs • Business Taxes • Recruitment Costs • State Budget Structure • Health Care Costs
A CEO’s view: Businesses Challenges Employees • 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: Businesses Challenges Employees • Housing Costs • Business Taxes • Recruitment Costs • State Budget Structure • Health Care Costs • Housing Costs • High Taxes • Traffic Congestion • Health Care • K-12 education Actions State Can Take
Solutions: Housing Trust of Silicon Valley: Affordable Homes for Silicon Valley • $37.8 million invested • $1.8 billion of total leverage • 8,963 total housing opportunities
Solutions: Traffic Congestion Solution: Bart Extension • 16.1 mile extension • 100,000 daily trips
Solutions: Traffic Congestion Solution: Keep Caltrain Running • 79-mile corridor • ~40,000 daily riders • $30M Deficit for 2011/12
Solutions: Math Initiative: Teacher Improvements • 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
White Paper Recommendation:Reform – Pension, Budget & Governance
White Paper Recommendation: Infrastructure / Resources and Revenue