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If the Shoe Fits: How Old is an Entrepreneur?

Friday, July 22nd, 2016

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here.

5726760809_bf0bf0f558_m

Age is more a mental state than a physical one.

I’ve always said that smart people say/do stupid things and venture capitalist Vinod Khosla is proof of that.

“People under 35 are the people who make change happen,” said, “People over 45 basically die in terms of new ideas.”

The problem is that the data the tech world is so enamored with doesn’t back that up.

Vivek Wadhwa, a Duke University researcher, worked with the Kauffman Foundation in 2009 to explore the anatomy of a successful startup founder. That survey of more than 500 startups in high-growth industries showed that the average founder of a successful company had launched his or her venture at the surprisingly high age of 40. The study also found that people over 55 are almost twice as likely to launch high-growth startups than those aged 20 to 34.

The term “high growth” is key. 2010′s top two fastest-growing tech startups, according to Forbes, were First Solar, founded by a 68-year old, followed by Riverbed Technology, co-founded by entrepreneurs who were 51 and 33 at the time.

He should also inform the Merage Institute, which awards $100K to the top startup by a 45+-year-old founder (more runner-ups at the link).

  • In 2016 it was iSilla – Movement for people with disabilities
  • 2nd Prize –  SonicBone – Bone Age – Ultrasound Device for Bone Age assessment
  • 3rd Prize – Inensto – Aluminum Air Battery

In 2015 they were:

  • 1st Prize – NiNiSpeech
  • 2nd Prize – A new Hydrogen Energy Storage
  • 3rd Prize – Glasses for AMD Macular Degeneration

Brian Acton was 37 when he founded WhatsApp.

Notice that all of them solve a real problem — a problem of which they wouldn’t be aware if they hadn’t faced it directly or indirectly themselves.

Which meant they had real world experience.

Even Mark Zukerberg had real world experience; he wanted an easy way to engage and keep up with his friends. Remember, Facebook was originally started for college kids.

The reason Khosla is so far off base, is that an entrepreneur can only disrupt that with which she is familiar enough to figure out a better way or see a hole and fill it.

Hence young males created Tinder and its clones to hookup and Match and its clones for something more permanent.

If you look at socially oriented startups, many of their founders, both young and old, saw the need first hand, while volunteering and/or traveling, came home and created a solution that answered that need.

It’s not a matter of age.

It’s a matter of three things

  1. See the need/experience the want/desire what isn’t
  2. Think of a way to solve/provide it
  3. Possess the drive, tenaciousness, guts and slight insanity required to turn an idea into a reality and a reality into a company

And those three things can happen to anyone at any age.

My thanks to KG for reminding me of how important it is to help smash these myths.

Image credit: HikingArtist

If the Shoe Fits: Is This You?

Friday, March 25th, 2016

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here

5726760809_bf0bf0f558_mAre you really a more competent leader than the woman founder who you beat out for funding or do you just think you are?

Research says it’s the latter, i.e., all in your mind.

Results show that when all leadership contexts are considered, men and women do not differ in perceived leadership effectiveness. Yet, when other-ratings only are examined, women are rated as significantly more effective than men. In contrast, when self-ratings only are examined, men rate themselves as significantly more effective than women rate themselves.
From the abstract of a paper by Samantha C. Paustian‐Underdahl (number 5 on the list; the full text is available upon free registration)

Are you the reason this question keeps coming up on Quora?

Is it true that software development has no future once you get to a certain age such as 40, and one should pursue to steer his development career towards management?

Do you pride yourself on being part of the bro culture? Do you agree, publicly or privately, with what White_N_Nerdy wrote on Reddit?

“I’m honestly trying to understand why anyone says that females are ‘needed’ in the tech industry.” He continued: “The tech community works fine without females, just like any other mostly male industry. Feminists probably just want women making more money.”

If, in the deepest, most private place in your mind, your response is ‘yes’, then consider that the women you degrade and perceive as troll bait are someone’s sister, mother, aunt or cousin.

And that somewhere/somewhen someone will do the same to your sister, mother, aunt or cousin.

And someday, when you hold your newborn daughter or son, know that this world you helped build is the world they, too, will eventually face.

Image credit: HikingArtist

If the Shoe Fits: KG, Women and the AA-ISP Conference

Friday, February 26th, 2016

Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here

kg_charles-harrisYesterday I shared my experiences and the enormous value I found at the AA-ISP conference.

AA-ISP is an international association dedicated exclusively to advancing the profession of Inside Sales. The association engages in research studies, organizational benchmarking and leadership round tables to better understand and analyze the trends, challenges, and key components of the growth and development of the Inside Sales industry.

One of the most interesting occurrences at the AA-ISP conference was an encounter I had in the Exhibitor’s Area.

I was walking along and checking out the different booths during a coffee break and came up on a booth with two middle-aged (like me) women who started to tell me of the advantages of hiring women.

How ridiculous, I thought. Why are they wasting my time with this? Isn’t it obvious that women who have reached a certain level in an organization are generally significantly better at what they do than men in the same position. Why?

Because we live in a chauvinist society that systematically discriminates against women (and minorities), and so to reach the same perk they have to display a level of competence that is clearly stronger than other candidate’s to get the same position. On top of that, they are often underpaid for the same level of work.

My two fellow middle agers were Lori Richardson and Deb Calvert, two female sales pros who lead their own businesses and are working to provide more women with opportunities within sales and sales leadership. Not only were they women, but also wonderful people.

Lori Richardson moderated a panel discussion on “The ROI for More Women in Sales”. On the panel were:

  • Marilyn Nagel, Co-founder & Chief Mission Officer, NQuotient
  • Jeanette Nyden, Negotiator, Sound Partnership Strategies Inc.
  • Bridget Gleason, VP Corporate Sales, SumoLogic
  • Leslie Gay, Director of World Wide Programs at Hewlett Packard Enterprise

It was a tremendous panel on the efficacy and benefits of hiring women. This came across based on the comments, but also on the charisma and competence that exuded from these women – I was thoroughly impressed.

My only selfish concern is that by them leveling the playing field it removes one of the few strategic advantages I have as an underfunded startup CEO — our team is almost 50% women and we are a mostly engineering driven software company.

I’m joking, of course, but it is astounding to me that people don’t hire the best, regardless of who they are.

Lori ascribed this to the fact that people hire people who are like themselves, but if gender and race are more determinative than competence and attitude, this says a lot about the superficial nature of most hiring managers. And it explains why most organizations are so average.

I hope that these women are successful and I have resolved to continue what I’ve always done – evaluate people on deeper criteria than the superficial ones of race and gender. I want to work with the best; this is the only way to be truly successful.

And I hope you will, too.

5726760809_bf0bf0f558_mImage credit: HikingArtist

Golden Oldies: Entrepreneurs: A Lesson From IDEO

Monday, February 22nd, 2016

It’s amazing to me, but looking back over nearly a decade of writing I find posts that still impress, with information that is as useful now as when it was written. Golden Oldies is a collection of what I consider some of the best posts during that time.

Seniors are already a giant market and growing every day, but the solutions are being done most often by twenty/thirty/forty-somethings who have no real idea what seniors face. Don’t believe me? Try this. Lightly smear your glasses (or sunglasses) with Vaseline and wear them for a few hours. You’ll end up with a much better understanding of the world in which your parents/grandparents see. Or you can do as Ideo did. Read other Golden Oldies here.

https://www.flickr.com/photos/jm3/519148031How would you respond to the following?

  • Would you hire a woman?
  • Would you hire an old woman?
  • A really old woman?
  • Could such a woman contribute significantly to a project?
  • What could she teach your hot, young engineers?

While most founders would answer ‘no’ or ‘nothing’, IDEO thinks differently.

The company recently hired Barbara Beskind and both she and IDEO consider her 90 years a major advantage.

She applied after seeing an interview with IDEO founder David Kelley, who talked about the importance of a truly diverse design team and hires accordingly.

The aging Boomer market has companies salivating and hundreds are developing products for them.

The problem, of course, is that younger designers have no idea what difficulties older people face; not the obvious ones, but those that are more subtle.

Beskind does.

For example, IDEO is working with a Japanese company on glasses to replace bifocals. With a simple hand gesture, the glasses will turn from the farsighted prescription to the nearsighted one. Initially, the designers wanted to put small changeable batteries in the new glasses. Beskind pointed out to them that old fingers are not that nimble.

It really caused the design team to reflect.” They realized they could design the glasses in a way that avoided the battery problem.

It’s the little things that make or break products and the knowledge of the little things comes mostly from having been there/done that.

That kind of insight is priceless.

Now how would you answer those questions?

Image credit: jm3 on Flickr

Entrepreneurs: A Lesson From IDEO

Thursday, January 29th, 2015

https://www.flickr.com/photos/jm3/519148031

How would you respond to the following?

  • Would you hire a woman?
  • Would you hire an old woman?
  • A really old woman?
  • Could such a woman contribute significantly to a project?
  • What could she teach your hot, young engineers?

While most founders would answer ‘no’ or ‘nothing’, IDEO thinks differently.

The company recently hired Barbara Beskind and both she and IDEO consider her 90 years a major advantage.

She applied after seeing an interview with IDEO founder David Kelley, who talked about the importance of a truly diverse design team and hires accordingly.

The aging Boomer market has companies salivating and hundreds are developing products for them.

The problem, of course, is that younger designers have no idea what difficulties older people face; not the obvious ones, but those that are more subtle.

Beskind does.

For example, IDEO is working with a Japanese company on glasses to replace bifocals. With a simple hand gesture, the glasses will turn from the farsighted prescription to the nearsighted one. Initially, the designers wanted to put small changeable batteries in the new glasses. Beskind pointed out to them that old fingers are not that nimble.

It really caused the design team to reflect.” They realized they could design the glasses in a way that avoided the battery problem.

It’s the little things that make or break products and the knowledge of the little things comes mostly from having been there/done that.

That kind of insight is priceless.

Now how would you answer those questions?

Image credit: jm3 on Flickr

Entrepreneurs: The Value Of Old People

Thursday, January 15th, 2015

Adaptive Insights

Who does a company, with explosive growth, founded and built by old folks in their forties and fifties all with extensive executive management experience, turn to when moving to the next level?

The company hasn’t disclosed exact revenue figures, but it says it grew new annual recurring revenue by more than 50% in 2014, and claims more than 2,500 companies, including Coca Cola, Toyota, and AAA use its software. It’s raised $100 million in funding from investors like Salesforce, Norwest Venture Partners, and Bessemer Venture Partners. 

The company is Adaptive Insights and the guy is Tom Bogan, an even older guy, with even more experience.

A guy who is (gasp) 63 years old.

Gasp, because according to a recent study, old people shouldn’t even go out in public.

When a large sample of Facebook groups created by 20- to 29-year-olds was examined by a team based at the Yale School of Public Health, three-quarters of the groups were found to denigrate old people. More than a third advocated banning old people from public activities like shopping.

Of course, one assumes that the ‘old people’ to which they refer aren’t their relatives.

(I’d like to hear them on the subject 10, 20, 30 and 40 years from now.)

There is enormous value in having ‘been there/done that’ through multiple economic cycles, cultural change, globalization and technology evolution/revolution.

But to take advantage of it you need to be comfortable enough in your own skin to admit you need to learn — like Mark Zukerberg and Larry Page.

Image credit: Adaptive Insights

If the Shoe Fits: Seeing the Forrest, but not the Trees

Friday, August 15th, 2014

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here

5726760809_bf0bf0f558_mSince Spring the media has been sharing stories and statistics about the rampant sexism, ageism and general bigotry in tech, its self-proclaimed “meritocracy” and the amazing male hyperopia (farsightedness) that seems almost incapable of recognizing bigotry in themselves or those close to them.

Y Combinator President Sam Altman and founder Paul Graham are a good example.

Last month Altman posted the importance of eliminating the gender bias in tech and Silicon Valley in particular, and that people need to stop pretending.

“One of the most insidious things happening in the debate is people claiming versions of ‘other industries may have problems with sexism, but our industry doesn’t.'”

He cited Y Combinator’s track record of accepting women founders into the incubator as proof that it isn’t sexist.

He did not, however, explain Graham’s statements in May that he doesn’t fund founders with strong accents or women who have/want kids.

Altman thinks HR can be a solution.

“Our sense is that many will benefit by doing it [human resources infrastructure] earlier. Traditionally, startups have thought of HR as a drag on moving fast and openness, but a well-running team is one of the best assets a company can ever have.”

However, the dozens of women who work for established companies with plenty of human resource infrastructure and have shared horrific stories on platforms from Whisper to Fortune are proof that rules don’t work.

The real solution in any company, from startup to Fortune 50 is a founder/CEO who backs a culture that is blind to gender, age and color and, most importantly, walks the talk, both professionally and personally.

This puts you, as a founder, in a position to truly change the working world.

Image credit: HikingArtist

Will It Ever Change?

Monday, June 2nd, 2014

http://www.fastcoexist.com/3031253/visualized/visualizing-googles-workforce-diversity-with-a-google-doodle#4Google is the first tech company to publically share its gender/ethnic breakdown and it’s as bad as expected.

BI, Google and the rest of the tech industry love to blame the lack of gender/ethnic diversity on the lack of available candidates.

Although there is a noticeable rise in “bro culture” when it comes to the tech industry, some of the blame lands on who is actually applying for the jobs. Around 30,000 students took the AP computer science exam, and only around 20% were female, according to the analysis, 3% were black, and just 8% were Hispanic, for example.

On the surface, the dearth qualified black candidates is a plausible explanation, until you consider that nearly double the number of black CS/engineering graduates are unemployed.

In fact, the center’s study found that even black students who majored in high-demand fields such as engineering fare only slightly better than those who spent their college years earning liberal arts degrees. Between 2010 and 2012, 10 percent of black college graduates with engineering degrees and 11 percent of those with math and computer-related degrees were unemployed, compared with 6 percent of all engineering graduates and 7 percent of all those who focused their studies on math and computers.

As for the lack of women programmers, girls are intimidated out of STEM classes and the horror stories of women in tech are enough to discourage many women from wanting to work in the industry—especially in startups and younger companies with their frat boy cultures.

We’ve been harassed on mailing lists and called “wh***/c***’ without any action being taken against aggressors. We get asked about our relationships at interviews, and we each have tales of being groped at public events. We’ve been put in the uncomfortable situation of having men attempt to turn business meetings into dates.

Over the years the pundits claimed that attitudes would change as older generations aged out and bosses were replaced by younger ones that grew up in a more diverse, tolerant and inclusive world.

I started hearing that 50 years ago and am still waiting.

But I’m not holding my breath; there is a quantum difference between political correctness and authenticity.

~~~~~~~~~~~~~~~~~~~~~~~

The June Leadership Development Carnival is hosted by Tanmay Vora of QAspire. I hope you enjoy the very excellent posts included there.

Image credit: Fast Company

If the Shoe Fits: Finding the Cause of Turnover

Friday, May 30th, 2014

A Friday series exploring Startups and the people who make them go. Read all If the Shoe Fits posts here

5726760809_bf0bf0f558_mIn the right frame of MAPping Company Success it says, “Have a quick question or just want to chat?” along with both email and phone number.

A few weeks ago a “John,” a founder, called me to see if I had any idea why his turnover was so high.  

In response to my questions he described his company’s culture, management style, product, etc.

I told him that assuming what he said was what was actually happening then something else was going on.

Since we are several thousand miles apart, we came up with the idea of using a stationary camcorder to tape the interactions; a “set it and forget it” approach to capture the norm and not performances.

A few days later he sent me a link to see the results.

I choked at the length, but it didn’t take that long to find what the likely problem was.

To see if my instinct was correct, I watched the entire nine hours on fast forward.

What I saw was that, almost without exception, during every interaction John had, whether with programmers or senior staff, he interrupted them to take calls or respond to texts.

We discussed the ramifications and effects of the constant interruptions and I asked him how he would feel if they had acted the same way.

He said it had happened to him and he usually felt annoyed, offended or both.

So I asked why they would feel any different.

John said that also explained why one senior developer said he preferred to work where he was shown some respect.

John had chalked it up to the developer’s age and that he couldn’t handle the casual atmosphere, but thinking back the guy had had a good relationship and no problems with the team.

I suggested that instead of saying anything he just change, i.e., pay attention and not interrupt, since actions speak louder than words.

I also sent him this image as a constant reminder.

John went further than changing; he called the most recent three who had left, apologized and said he would like them to come back.

One had already accepted a job, but the other two decided to give it another shot.

They both said that his candidness, honesty in recognizing the problem and sincere apology made it likely he would follow through.

Image credits: HikingArtist; via Imgfave

If the Shoe Fits: NIMBY Mindset Kills Meritocracy

Friday, May 23rd, 2014

5726760809_bf0bf0f558_mIf you don’t believe that there is a gender gap in the startup world’s so-called meritocracy entrepreneur Roger Huang begs to differ.

The internet is being shaped by males to be comfortable for other males. For those of us fighting for an open, and inclusive Web, this is something that should change, and it’ll certainly take more than a new application.

Huang’s post is worth reading because it is well annotated with links to the research and articles for the stats he cites.

I’ve written about it, too, and have come to the conclusion after years of listening to bosses that there is an unacknowledged underlying problem.

Most tech people recognize the problem, but don’t see the NIMBY side of it.

NIMBY means ‘not in my backyard’, meaning fix the problem without affecting me, e.g., create low income housing, but don’t put the housing in my neighborhood.

Backyards can refer to company and mindset.

That makes it pretty simple; if all bosses cleaned up their own backyard there wouldn’t be a problem.

So while problems in other people’s yards and on the wider stage loom large, a NIMBY mindset shows their own backyard as weed-free and thriving.

Flickr image credit: Jason White

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