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If the Shoe Fits: The Real World

Friday, January 18th, 2013

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

5726760809_bf0bf0f558_mYet again, the startup world is changing.

I’ve watched it morph many times over the last 30 years, but what I find different this time is what I can only call entrepreneurial stupidity—a combination of arrogance, myopia and ignorance.

I don’t think it’s too widespread, but when you come head-to-head with it it tends to bring you up short.

“Jaime,” an entrepreneur with whom I, who has a B2B subscription startup, attended an event that had entrepreneurs presenting to investors.

He was highly offended because one of the presenters was looking for investment to start a winery.

Jaime said that a winery was a business, not a startup, nor was it scalable; when I disagreed he quoted Steve Blank to me, “a startup is an organization formed to search for a repeatable and scalable business model.”

First of all, in the post, Steve says, this is “a new definition of why startups exist” and as to the scalable part, someone had better tell Naked Wines and its portfolio of startup wineries that they aren’t scalable.

It reminded me of a young woman I spoke with in 2000 when I was still a headhunter.

We were talking about startups and I said something to the effect that I’d been working with startups since the Seventies; she disgustedly informed me that startups were a function of the Internet.

I guess someone forgot to tell Hewlett and Packard, Steve Jobs and dozens of others, and, more recently, Eric Ryan and Adam Lowry, the two guys who started $100 million, 100 employee Method cleaning products,  that their companies weren’t startups.

The lesson here is that while some startups may go where no person has gone before, most will leverage the existing adding tweaks and new twists to add value.

Image credit: HikingArtist

If the Shoe Fits: If the Definition Fits

Friday, December 28th, 2012

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

5726760809_bf0bf0f558_mI thought this comment from Steve Blank was a fitting end-of-the-year statement for If the Show Fits.

As it turns out most of the time, (founders) are actually hallucinating, and every once in a while they’re actually visionaries. They are insanely driven to bring that thing they see to fruition. And they need to be because of the amount of travails they go through in making something out of nothing. Founders create on a blank canvas; founders are closer to artists than they are to engineers or business people. They make things happen. And they need this perseverance and tenacity and resilience to drive them through those obstacles, because rationally, it would make a lot more sense to just exchange your labor for money.

Does the definition fit you?

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Hat tip to KG Charles-Harris, CEO, EMANIO, Inc. for sending me this quote.

Flickr image credit: HikingArtist

Expand Your Mind: Scientist Entrepreneurs

Saturday, January 21st, 2012

The media loves to focus on young entrepreneurs and Internet startups, most of which offer little real value and solve few problems—other than how to acquire more stuff or a greater online reputation. (Sarcasm intended.)

However, there are exciting things happening that look to solve real problems using real science in totally innovative ways.

One is an effort, driven by scientists, that is pushing to end the scientific elitism fostered by exclusive periodicals, such as the New England Journal of Medicine. It is a movement towards a kind of “open source” science that is gaining traction within the scientific community itself. There’s been an explosion of open access archives on which a scientist can not only share research results, but also find research connections and collaborators they would normally never meet.

Dr. Michael Nielsen and other advocates for “open science” say science can accomplish much more, much faster, in an environment of friction-free collaboration over the Internet.

The DIY movement has made itself felt in many areas of life, but I find none more fascinating than its application to biological research and is another push towards more open scientific endeavor.

“I want to generate the sort of tools that make it easy to do DIYbio at home.” –Cathal Garvey, Cork, Ireland, inventor of the DremelFuge, a small centrifuge that can be fabricated by a 3-D printer, who offers the plans free of charge via the Net.

But the pièce de résistance comes from the National Science Foundation, which announced last summer the founding of the Innovation Corps, a program to turn the scientists of academia into entrepreneurs. This is not a fluff piece or election year propaganda, nor are they twenty-somethings locked in their dorm rooms coding all night. NSF recruited serial entrepreneur and now professor Steve Blank to teach the program—and a very tough program it is.

These weren’t 22-year olds who wanted to build a social shopping web site. Each of the teams selected by the NSF had a Principal Investigator – a research scientist who was a University professor; an Entrepreneurial Lead – a graduate student working in the Investigator’s lab; and a mentor from their local area who had business and/or domain expertise. And they were hard at work at some real science.

Check out what the first teams have done so far.

All of these are signposts of a new wave of entrepreneurs who will do things differently.

Flickr image credit: pedroelcarvalho

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