The Key Is Backing Founders Who Intend to Change the World

I believe that the very heart of innovation comes down to founders who intend to change the world, and those who back them and help them achieve the impossible. I've been moved recently by the stories in Googled by Ken Auletta. We all know about Google's meteoric rise, but what wasn't clear to me before reading the book was what a crucial role people like Bill Campbell (of Intuit) played in helping the founders stay true to their vision and still get the management help that they needed to create the giant company that Google has become.
 
At the MassTLC Annual Meeting, Steve O'Leary, MassTLC's chairman, gave an overview of Massachusetts showing the amazing base of talent and assets that we have here. And while employment has stayed relatively flat over the last ten years, it did so in spite of two recessions, the events of September 11, the collapse of financial markets in 2008, and the decade-long trend of outsourcing and offshoring. Steve then issued MassTLC's challenge: add 100,000 new jobs in the coming decade. The MassTLC 2020 Challenge.
 
Steve and I worked on a combined presentation. While he would focus on the overall challenge, I sought to highlight what it all means for the early stage of innovation -- the stage that I love. The video below shows the presentation I presented using Prezi, a new presentation tool that works by moving and zooming on a single canvas. It forces you to keep your messages simple, and let them flow easily from one to the next. On the other hand, it takes longer to do this, but the results are worth it. 
 
These two earlier posts support the messages in the video:
 
 
 
Here is the Play Big presentation, which includes the Shake It Up video at the end:
 

If you'd like to play with Prezi yourself, you can download my Prezi and work with it here.

Here the slides that Steve O'Leary presented (they came before mine, and set up the idea that we need to Play Big.
 
 
And here is the link to Tom Hopcroft's MassTLC Leadership Blog. This contains all the presentations from the Annual Meeting.
 
 
10 responses
When I was recently raising our Series A, one of the investors said the best moment of the pitch meeting was when I described our vision to change how consumer products (that form 65% of our economy) get discovered and distributed. He said it gave him chills. His sharing that response made me all the more eager to frame the vision as big as I see it. (I had been dampening it some, thinking people would think I was crazy to think I could change 65% of our economy. OK I know I won't totally change it all. But we will tip it seriously sideways at the very least.)

I loved Jason's presentation for that same reason, on Nantucket. I couldn't get into that "big" stuff on my crowded panel, but that's the meaty discussion that gets me going too.

Go Big or Go Home.
Bill,

I love your enthusiasm and ability to push this goal, but I just don't see enough Actionable Items in all this. Talking about wanting to be a great basketball player isn't how Michael Jordan became the best. He practiced. He trained. He worked hard every day and always challenged those around him. He also got help from great mentors like Dean Smith and Phil Jackson and was given the right talent around him to succeed (like Pippen, Grant, etc).

There are a lot of grass roots initiatives coming up both big and small...from Jon Pierce with others doing Angel Bootcamp to Cort and Jake doing Dart Boston to you helping bring TechStars here. Those are all fantastic, but it would be great to see more from the established organizations to do more than they have before or do it differently; if there's one thing you're presentations have shown it's that the status quo is not enough.

The HOW is so much more important than the WHY or the WHAT.

Thanks,
-Jason

ps: I'm happy to help in any way I can.

Jason - Fair enough. Inspirational messages seldom do list the actions that go with it. Here are some.  For one, I take the action for myself. I plan to find and back founders who intend to change the world. And I'm finding that those people are out there. Then the action items are to help them make it happen.
I don't believe that entrepreneurship is like basketball or playing the violin. Thousands of hours of practice doesn't make you good at it. Diving in with your heart and listening, learning, and following your instinct and mixing that with some killer logic is what can make you win. Convincing great people to help you can make you win. Great entrepreneurs rarely have a fantastically practiced "3-pointer". They have something else. They have the drive, the courage, and the instincts to change the world. Frankly, they often only know a little. What's really exciting is what they will learn along the way.
Action items: 
1. Get more angels.2. Get more super angels.3. Get people to think big, and play big.4. Get people to realize that big ideas can start small and take root.5. Make more connections between students and local winners6. post the huge list of action items that came out of session at Nantucket with Diane Hessan, Colin Angle and Michael Greeley    see:  http://blog.masstlc.org/2010/04/notes-from-nantucket-conference.html
7 Here's a sample that the group came up with (in a fast shout-out that took only about 5 minutes:)
galvanize angels, role models to give back, more risk taking, stop thinking about small exits, feeder system for ideas, more mentors for wannabe entrepreneurs, more professional seed investors, connect colleges and talent, unlock IP at universities (like MIT has done), invest in consumer companies, celebrate buying (rather than selling) companies (ie Kayak's acquisition of CA-based company), help young women take entrepreneur leap earlier in life, inspire and galvanize younger generation, respect (rather than patronize) digital natives (aka young generation), richer counter culture outside business (ie Fort Point Channel), fund really big ideas, affordable housing, promote successes, make it cooler to be an entrepreneur in MA, cooler to join start-ups, more collaboration amongst start-ups, less of a "club" and more inclusive of early, Boston-based "Lunch 2.0", business plan contest to connect Media Lab and non-MIT students, more investing outside 128, focus on density, more access to Ray Stata, aggressive recruiting of talent from outside, diversity -- Boston is close to Europe, differentiation -- what is our identity, work from our own identity, more engagement with developing world, why is healthcare underrepresented at this conference?, more focus on healthcare and biotech, more invention that crosses technologies, get universities to collaborate on mentoring program across schools, "type 2 angels" to focus on getting triples to home runs (Bill Campbell did that for Google), raise the stakes, more events like this,returns data suggests that East Coast funds seem to outperform, better exposure to how we really compare, recycling talent, investing for IPO and big company rather than for acquisition and easy exit,          Now, I put the ball back to you: How can we all work together on this (and other items yet to be added?)
-- Bill
Bill,

That is fantastic. This is really exciting, encouraging and reassuring to hear.

I'm proud of all the initiatives that have been started by the efforts of one or two people (like the ones I mentioned in my last comment), the Tectonic Shifts occur when the large, established organizations get the big gears in motion too.

Per your massive list...which is awesome...here's how I can provide help/input:

1) role models to give back-

We can do more to recognize those that help and provide additional opportunities; the more you ask, the more likely they'll eventually say yes :). I can't thank Scott Kirsner, Gus Weber, you, Laura Fitton, Tim Rowe, and so many others who have helped me...but maybe I should more publicly thank then.

2) More risk taking

I pose the question back: How do you encourage that? Is that a product of other efforts?

3) Feeder system for ideas,

Support organizations like DartBoston and Greenhorn Connect that are on the front lines. We're trying to build the bridge to schools, students and other young people that need to get pulled into this vibrant ecosystem.

4) more mentors for wannabe entrepreneurs

If anyone wants to mentor, but doesn't know who to meet with, I'm more than happy to help introduce them to a young entrepreneur who could use some advice from someone more experienced.

5) connect colleges and talent,

Did this with the Career Combine and now some with DrinkupLinkup. This is a major issue to me and I'm happy to continue to help. I've spoken to students at Tufts, Northeastern and Emerson and am happy to speak to any others to continue to push for how easy it is to get pulled in and involved whether you're starting a company or want to get experience at one.

6) Help young women take entrepreneur leap earlier in life,

We list over 17 resources for women on Greenhorn Connect and are always happy to do more to help any young person out.

7) inspire and galvanize younger generation

Support organizations like DartBoston and Greenhorn Connect. That's exactly what we're trying to do. Come to Dart events and connect with them. We're all focused on big goals and would love to talk to more established people.

8) Respect (rather than patronize) digital natives (aka young generation),

Not sure what this means, but happy to help.

10) richer counter culture outside business (ie Fort Point Channel),

What does this mean?

11) Affordable housing

Kevin Vogelsang is working on the office solution at least, but maybe there's something interesting in having some young entrepreneurs working and living in space. The city of Boston is working on this initiative as well.

12) promote successes,

Look to organizations like BostInnovation that are helping promote all our startups and great companies (like repeat coverage of our Home Run in the Making- HubSpot)

13) make it cooler to be an entrepreneur in MA,

I think all the more relaxed social events are helping, as are the increased coverage like at BostInnovation. Profile more of the PEOPLE behind the startups and I think that will help.

14) cooler to join start-ups,

We're trying to help with this with DrinkupLinkup and we're launching something really cool in the next couple of weeks at GreenhornConnect.com that will definitely help make startups look cooler.

15) more collaboration amongst start-ups,

Happy to promote and help out when I can with any events to help facilitate more connections. The offices in Central Square should be an interesting experiment with this as well as the efforts of Kevin Vogelsang and Mike Walsh and Mike Kowalchik.

16) Less of a "club" and more inclusive of early,

Everything I do at Greenhorn Connect is about lowering barriers; everyone knows what's available out there and can hopefully make the most of it. The more social events like ones Laura Fitton, Pinyadda/Bostinnovation and DartBoston all help with this.

17) Boston-based "Lunch 2.0",

Don't know what that is, but happy to help promote the event through Greenhorn.

18) Focus on density,

The more events. The more support. The more press coverage and louder we get, the more we'll build density. We should try to get more startups in clusters like Central Sq, Kendall and that new area in Seaport Boston.

19) differentiation -- what is our identity, work from our own identity,

We'll never be California. I saw we embrace that we're hardier with these tough winters and that we're willing to dig in and out-execute the competition.

20) More invention that crosses technologies,

Happy to help promote any events and initiatives that help do that.

21) raise the stakes, more events like this,

Always happy to help raise the bar. There are a number of now somewhat established new organizations (BostInnovation, DartBoston, Greenhorn Connect, etc). More collaboration with established organizations would be great as together we can try to do bigger and better things. MITX agreeing to team with Greenhorn Connect on the Career Combine was a great start.

22) investing for IPO and big company rather than for acquisition and easy exit,

Are there ways to educate people to think that way instead? How do you go about creating that mindset and what are the options when you have someone saying to themselves "this exit now is life-changing money, but it's only a 'double'"

Ok, Bill...I'm game to run with any or all of these as much as I can.

Who else is ready to help with these?

Thanks,
Jason

Jason - Wow. Great list. Actually I have an idea that I'm working on:
"Dinner with a Winner."
Aimed at students here in Boston. The winners are entrepreneurs, executives, inventors ... anyone who has had some success that would be good to share.
The dinner is at the person's home. Five students come over, and it's a night of food and talk (and drink if legal and not for the designated driver)
Maybe Zipcar would also sponsor .... so the five could rent a car and drive together. They would likely be meeting each other on the ride to the home, and on the ride back. Many of our winners live in the suburbs.
Maybe the T would sponsor for our winners who are in town. 
I believe that there is something truly bonding about being in someone's home, and sharing a meal with them.I'd love to help make it happen, many times over.  -- Bill
Bill,

Interesting idea. Two thoughts on "Dinner with a Winner"

1) Why limit to students? Why not ANY young entrepreneur?

It feels sometimes like there's a lost class of entrepreneur in the community; all the discounts and attention go to students, but there are many my age give or take a few years who are trying to bootstrap their businesses and are still very green (and thus would greatly benefit from this) and also in general cannot afford the events any more than the average broke student (or since they're graduated and doing this...they have even less money as they bootstrap their business.)

2) Are you familiar with Dart Family Dinners?

David Cancel and his entire Performable team came out to meet a whole crew of young entrepreneurs. Robin Chase of ZipCar, and John Pepper of Boloco have also come.

I'm all for multiple initiatives with similar goals, so this could be another twist on that sort of idea kind of like the Innovation Open Houses spurred the It's All Here Open Houses. I definitely agree the invited home thing could be great as well. However, I also think that a little help getting DartBoston some other great founders to have dinner with young people would be great too.

Thanks,
Jason

Hey Bill,

Salimah here. Great idea with the "Dinner with a Winner". I think some of my strongest relationships with Professors in college came from Professors who lived close enough to campus and had us over for meals at their house. It's a different relationship when you go to someone's home, meet their family, and see them in a non-work environment. Even dinners out can be very businesslike. But dinners at home rarely are. Also, speaking purely from a numbers perspective there are more men then women who could host such dinners and therefore it's a nice change to meet the spouses of winners too. When I was a junior at Brown, I took a seminar on entrepreneurship and later became a TA for the same course as a senior. Many guest lecturers were men but some of the best advice and counsel on entrepreneurship came from the spouses of these very successful men. And I'm very grateful for my professor for including his wife in so many dinners and outings we had as a class. And Jason I think its a great idea opening it up to non-students as well.

Agreed. Let's not limit it to students, and I love the idea of working with Dart Boston. In fact this idea grew out of their "family dinner" idea. But I'd like it to always be at home, and keep it to just six people.
I agree with your view that the community must back entrepreneurs that are driven to change the world. Without the big idea and drive to accomplish it we will continue to spawn an incrementalist community. It takes guts. It is risky. We need to rally behind those entrepreneurs that are ready to do this though in order to create more "beacons" in this community.

I love the recent activities in the last couple of years in Boston. There is much more collaboration. Thanks to you Bill for helping bring TechStars here. 12x12 has great potential too. There are many more initiatives formal and informal. These are a start.

We must spawn a generation of entrepreneurs that are focused on changing the world. It takes a village. We should rally around these folks.

I want to do this. Reporting for duty!