You might not have heard of John Hanke until now, but he was the founder of Keyhole, which later became Google Earth (at this point every single person's head will be nodding up and down in agreement I guess!)
John Hanke was an entrepreneur until Google bought his company Keyhole and employed him for six years, and two days ago he came to Barcelona to speak about the path down the road of success.
As Hanke himself stated, his success came from the fact that he was creating tonnes of data rather than recreating it. And this is the reason why Google apparently approached him so keenly, because he was being truly entrepreneurial by creating a completely new product
What John Hanke emphasised most throughout his session was the constant need for innovation. Without innovation a product can have no guarantee of continuing forward with considerable success. And competition from other sides means that they will lose control of the market. These things may all sound very basic to people who do this, but I for one have found them obvious yet I would not have thought of them probably! For example, Hanke said that Google Maps developed from being an aerial view mapper to a 3D mapper to a map where people from the area can also add parts to the map, such as a bicycle track or a particularly nice building hidden in a small remote town in Russia (for instance). This constant innovation means that the product becomes much more advanced and retains a grasp on the customers, who will always want the latest technology in their product. Simple, but true and maybe too obvious to realise!
The next post will be on the round table "Born Global", with six entrepreneurs and angel investors from around the world, each discussing what they think is the ultimate goal to success in entrepreneurship.