Wednesday, May 27, 2015
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Friday, March 13, 2015
WHAT SHOULD NORRIS DO?*
WHAT
SHOULD NORRIS DO?*
* What *Would* Norris Do (WWND) would seem,
oh, a wee bit narcissistic? ;)
a/k/a: “I Was
Wrong, Friday the 13th Edition?” #BoiseIsRising?
Monday
evening saw a great event, a joint extravaganza where Startup Grind Boise brought Scott
Kupor (coo of VC goliath Andreesen Horowitz to
the grand opening of Boise’s new collaborative space, Trailhead. I love ‘em both and together…
just wow!
You might
have been amused by all the people who took credit for Kupor and all those
trying to impress him but this was not a night for the usual internecine
squabbling… Look. At. The. Audience.
No idea what
the count was but it was the biggest turnout ever for Grid. But forget that. The
quality was staggering. I was
exhausted by the time Grind’s Jessica Whiting introduced Scott… just from saying
hello to all the good people who showed up.
Even met a few great new faces like CDA’s Nick Smoot of Innovation Collective (who now owes me beers!)
On the heels
of the INL/CAES/ITC Energy Connected symposium and with develop.idaho arriving
next month (not to mention the revival of ITC’s R&D/Tech Commercialization
committee – wish me luck! Haven’t been fired yet, lol) Seriously… it’s hard not
to feel encouraged, especially after what Trailhead honchos Faisal Shah &
Karen Meyer told me (sorry, not yet).
With the
quantity and quality of attendance so high… it was intriguing that 4 or 5
people (even strangers) wondered openly about those who were NOT there.
Definitely the ‘top down’ types were in short supply[1].
It’s Brad Feld’s first rule of startup communities – entrepreneur-driven,
relentlessly bottom up. Grind and Trailhead are exactly that.
But here’s why
Norris Was Wrong… Again™ - it was a gorgeous warm, sunny day,
the kind of day where all too often Idahoans decide to go enjoy the outdoors –
or decide they needed to do something ‘family’ or…whatever. I’ve been to too
many under-attended events simply because people had better things to do. (Yes,
your kid’s lacrosse practice is important. But in happening communities, people
find ways to do both. Maybe Monday night we saw signs that we are figuring it
out.) So, thanks Boise for proving me wrong![2]
Ah, but what
about Scott Kupor do you ask? He went out of
his way to deliver a positive, optimistic message. He focused on Idaho’s
positives (though it was clear he’d seen it all). He urged us to read more but
also to do more.
The line of
the night was Scott quoting his boss, Marc Andreesen, who when asked how
innovative Andreesen-Horowitz was as a VC firm, he wondered if “we are the most
evolved…. dinosaur.” Think about that for a bit.
Scott also
made it clear that Boise was now on their radar and hinted that maybe they
could be helpful (beyond just showering us with money at really good
valuations, lol). Scott, if you read this… I have a wishlist for you. (Yes, you
do need an office/spy here but that’s not what I’m talking about…)
Let me get back
to what Faisal Shah and Karen Meyer both told me – complete with intent gaze and
outstretched finger pointing at me – “Help.
Boise.”
Rather than making
excuses, I agreed and meetings are happening. [Possibly with more “gentle
nudges” upside my head?]
So back to
the title... What Should Norris Do? (to
help Boise/Idaho)
And if I can
be narcissistic and ask “WWND?”… here is MY action agenda.
Better LATE than Never?
#1… uh, wait! Full stop. Let’s reach out and Ask The Entrepreneurs. There is nobody in Idaho
has a better idea of exactly what Idaho’s entrepreneurs need to rocket forward,
nobody even close, and MY #1 agenda item is to say… Let’s. Ask.
The. Entrepreneurs. (LATE)
So, the real
#1…. Listening sessions. They’ve
worked all over the world. We know how to do them brilliantly. And… they have
even worked before in….. Idaho!
Google Maps! Combine those with world-class mapping of the entrepreneurial
ecosystem (#2) and we know where we are AND where the entrepreneurs want to
go. Something else we know how to do. Brilliantly.
But haven’t. And in the meantime…
Startup Grind
in 1 year has brought in more people who can actually help us than most groups
have done in forever. (#3) Let’s bring
the world’s Best and Brightest here. Listen to them. Hear what they really
say. Ask the entrepreneurs what they think. And ACT on it. I know lots of
amazing people – tell me who you want!
[Scott K – if you’re still reading… A16Z
could help us with all of these ;) ]
There’s more
but I’ll save those for the next post.[3]
So… What Would Norris Do… needs to become What SHOULD Norris Do?
So… TELL ME!!!!!! I can’t listen to you unless
you tell me! ;)
Entrepreneur Up, Y’all!
[1] However,
I won’t name names… I always believe that it’s better to celebrate what you
have rather than bemoan what you don’t. This principle also is key to
developing entrepreneurial ecosystems, any local economy.
[2] Again,
admittedly not a high bar ;)
[3]
But think “youth entrepreneurship”
and “Assemble the Avengers!”
Saturday, February 28, 2015
Sometimes, virtue DOES triumph?
I Was Wrong: Sometimes,
virtue DOES triumph?
A string of good news items to share – with more to come!
(The bad news being that I might be blogging more?)
Maybe
THE single best tech commercialization program I have ever seen just got $26
million to grow.
http://www.chalmersinnovation.com/blog/chalmers-make-historic-investment-in-entrepreneurship/ here's their recipe:
True experiential learning
+ the
right deep engagement with the entrepreneurial community
+ exactly
the right people running the show
= the
most productive program for bringing local ideas into profitable reality.
I’d be happy to go into more detail on what they do, just ask!
The not-really-secret sauce is in that formula above –and
that’s why it is so hard to replicate. Most programs claim to be “deeply
experiential” and focusing on growing the “entrepreneurial mindset” and might
even believe it . But they don’t. They rarely have the right processes and
having the right people is even rarer. (And it is very, very difficult to
replace the wrong people in bureaucratic entities, eh?)
Time to defrag... Idaho?
The Idaho Tech Council Energy Connected symposium is next
week – should be fun. Lots of energy-related mad science stuff and it appears
that the ITC Marketing Committee did persuade TPTB that Ignite/pecha kucha 5
minute presentations are a good thing!
Except that they foolishly accepted my proposal? "Growing Defragging Idaho's Entrepreneurial Ecosystem in 1, 2, 3, 4 Easy Steps?"
See my
slides at http://bit.ly/NKpres
If
you are an Idahoan… are you interested in a major defragging of Idaho’s ecosystem? Inquire at norris.krueger[at]gmail.com
National/Global
Good News?
Ecosystems! April
30 = the very first Global Summit on Entrepreneurial Ecosystems hosted by US
SourceLink and the Ewing Marion Kauffman Foundation. I am deeply involved and what
fun! Strong practitioner focus but THE leading thought leaders are being
invited. Apparently, they see me as THE guy at that intersection. Humbling.
Energizing but humbling. (and, no, they declined my idea to hold it in Idaho, lol)
[ For Idahoans – every one of these experts is on
record as wanting to help us. ]
no good deed goes unpunished?…
I am now an officer of the Academy of Management
Entrepreneurship Division – working with the Communications team to help build
some sort of portal to collect and curate resources so members can better help
their local entrepreneurial communities.
(Probably first up will be around ecosystems. Soon after, best practices at improving entrepreneurial
education[1]
Promoting cross-state collaboration?
However, this has opened a door to getting financial and
political support to bring together, for example, the top 10 scholars on
entrepreneurship/innovation in an area like the Intermountain West! If it
includes mostly EPSCoR[2]
states there is even more money.
Imagine the 10 thought leaders from ID, WY, MT, and UT
(well, mostly Utah , lol) getting together to identify projects that matter for
research AND practice AND education…
AND imagine it being held in Idaho!
Tech commercialization?
Looping
back to my buddies at Chalmers, there is also national (if not global) interest
in bringing together the very best programs. The top programs ALL resemble
Chalmers far more than even the better entrepreneurship programs. (They also resemble
the best non-academic programs like TechStars, Startup Weekend, etc.) This too could get held in Idaho.
Certainly, not a bad set of news to get? I
am happy to share the bad news – psycho politics and bureaucratic stupidity
never sleep, alas…
But
I need to make 2015 a year of deep renewal for me.
Will YOU help?
At least by lighting fires under me?
[1]
that
one is easy: “Go get a degree in education.” But unlikely to be popular? ;)
[2]
EPSCoR is a program that routes
funding, etc. to the R&D “have-not” states like ID, MT, WY…
Friday, February 06, 2015
I WAS WRONG!!!!
I WAS WRONG!!!!
Often.
But that's how we learn.
That's how we get truly better.
... people who are never wrong [just ask them ;) ]... scare me.)
From now on every blog post
will include my latest numbskullery.
Let's start with... I was wrong to not
post more often. And not a traditional web page? I really need your thoughts on that.
but occasionally... I am
right! ;)
My latest trip was over to
the U of Minnesota for the midwinter board meeting of the Academy of
Management's Entrepreneurship Division. Time to plan for the year ahead such as
the giant conference in August in Vancouver (~15,000 of my closest friends?
Yikes!)
I'm excited for the
conference - more on that later...
But, Norris, weren't you going to tell us where are
you RIGHT?
OK, take a few minutes and
read this. Look closely at the figures. (I'll wait.) http://www.gallup.com/poll/168848/life-college-matters-life-college.aspx
.....like the 96% of university
officials think they are doing a good job of preparing students for the real
world, only 11% of businesses. Oops. When Gallup Education's Brandon Busteed
shared that in Boise this week, the gasps were audible.
What matters to keep students
engaged AND productively learning AND ready for the future is... getting to
achieve in projects that matter, real world, team-oriented, etc. Whether K-12
or college... that's what moves the needle. I was right about that! ;)
And what does that better
than anything?
The best entrepreneurship
programs: Personally-relevant, practically valuable problem-based learning.
Not quizzes, homework, multiple-choice tests, or even in-class lectures. My
best colleagues are doing that - and in November the OECD assembled 26
incredible K-12 programs. If this approach works with 3rd graders.... Just wow.
Conclusion #1: We need youth entrepreneurship
programs broad & deep in our schools.
Caveat #1:
This won't work - none of these "engagement" projects work unless it
is (a) experiential -- learners need
to take away the right lessons, so (b) you need actual educators, people who are trained in how people really learn
[see, I came back!] and how to make that work. IOW, professional educators. Accept
no substitutes.
Way too many entrepreneurship programs, even at good
schools, that claim to be experiential… simply are NOT experiential. Hands-on
is NOT the same thing. If a program tells you "we are building the
entrepreneurial mindset" and we are "experiential"... the odds
are... they are NOT. (Read my
stuff or watch my
video or tell me to blog on that soon.)
Here's what I did: http://bit.ly/TEAMSovw - the students won national best practice awards
(they won, not me)
Conclusion #2: Demand that programs are designed,
developed and delivered by actual expert educators. Demand that students are
truly engaged.
Caveat #2:
Administrators don't like these engagement activities; say it's not "teaching"
and... ouch. For example, I've had friends do courses that *I* would love to take... and they got
penalized by the deans. Seriously? Worse, it goes on everywhere.
If you liked the Gallup
study, here are two more riffs on that work. http://www.fastcompany.com/3028385/leadership-now/how-teachers-and-mentors-will-save-entrepreneurship-in-america
and http://www.gallup.com/businessjournal/174275/education-economy-america-next-big-thing.aspx
(And thanks to the ED Sessions for bringing Busteed to town, to the JK
Albertson Foundation for backing it...)
BONUS LINK! Add STEM to early childhood ed: http://businessclimate.com/blog/2015/02/early-childhood-education-heavy-stem-key-spurring-economic-growth-report-says/
BONUS LINK! Add STEM to early childhood ed: http://businessclimate.com/blog/2015/02/early-childhood-education-heavy-stem-key-spurring-economic-growth-report-says/
If you are still reading,
will you email or message me that you did? A martini or coke
awaits at least one of you. :)
And, yes, in my next post I
will give you details about my submissions to the Academy of Management...
Monday, September 29, 2014
NORRIS IS A…. SLACKER!
For those of
you who know me, I have been busy – conferences and projects and now teaching
for 2 weeks in Athens! (It is a very promising new entrepreneurship program –
can’t wait to share that with you. )
I’m busy but am I… productive? I’m not so sure.
I’m busy but am I… productive? I’m not so sure.
More to the point, am I making money?
;)
So time for
a bold experiment!
I need to do a lot more to help
communities grow entrepreneurs;
I need to do a lot more to help
create world-class entrepreneurial learning;
I need to do a lot more to help
organizations be more entrepreneurial.
So…
HIRE ME!!!! ;)
As the old
joke goes, I may not be cheap but I am easy. That is, I bring value and always
over-deliver no matter what the assignment; I am never a snob when it comes to
helping people.
OR PUT ME ON RETAINER?
That is, if
you think there is any way that I can bring value to you, your organization or
your community, you can get Norris at a significant discount if you invest in a
retainer.1
So… how can
I help your community? How can I help your organization? How can I help…. You?
At your
service! /Norris
1.
yeah, you caught me… I’m raising money for a new (stealth) project.
Ok, back to your regularly-scheduled
blog…
Some Things I’ve Learned in My
Travels
1.
Nobody is all that great at growing
entrepreneurs but the best places all try to get better like crazy, seek out
great feedback and question their assumptions (do you think that Helsinki and Boulder rest on
their laurels? That’s how they became great!)
2.
Everyone CAN get going right now.
Yes, growing your ecosystem is a long game but do you remember that tv show
“Extreme Makeover”? Well, you could do an Extreme Entrepreneurial Makeover and
start on it right now. Won’t be easy and will be disruptive but I can show you
how. I want to show you how! [free
preview available upon request!].
Brad Feld talks persuasively that a good entrepreneurial
community grows bottom-up, led by people who truly get it, who share the
entrepreneurial mindset. It is not led by posers and wannabes, no matter how
well-intentioned… or well-positioned politically.
The key to the “Extreme Makeover” is hearing what the
entrepreneurial community is really saying and that means leaders who get all
of this. So….
“Steal This Op-Ed”*
It’s election time in the USA and I’ve pitched an op-ed
column to the paper about what voters should ask candidates about growing
entrepreneurship and entrepreneurs. What would entrepreneurs want to hear from
civic officials, regardless of political stripes? I’ve been hearing from the
entrepreneurs, now let’s hear the candidates!
Here’s a link to a longer piece [http://bit.ly/CandidateGuideEntrep] and HERE is the draft op-ed! [http://www.slideshare.net/norriskrueger/what-voters-should-ask-candidates]
Also I’d be tickled to turn this into a shareable questionnaire.
* So if YOU want to steal my op-ed for
YOUR paper, I am happy to have you steal it! If being an entrepreneur taught me
anything, it’s that we are all in this together.
Friday, August 15, 2014
Chattanooga? Model for the Boises of the world?
Chattanooga? Model
for the Boises of the world?
Anyone who’s
seen what Chattanooga has quietly done over the last decades knows what a ‘can
do’ group of citizens are able to make happen… their own gigabit internet,
incubating businesses, building not just a great entrepreneurial community
but... a great community period! But I’ll leave the rest to anyone who’s
interested.
An old Idaho
chum, the shy-and-retiring ;) Wild
Bill Sellers, former Idaho Falls gadfly/cheerful curmudgeon and co-inventor of
Idaho Tech Launch, sent me the link below and asked for all the ideas hw could
“steal” and pitch to the organizers of Chattanooga’s Next Big Thing. Startup
Week. (Not sure if this is the Startup Week being pitched by UP Global but it’s
a great, great idea… IFF it’s done well, of course.)
After seeing how Colorado Springs pulled off a great week-long event
recently – despite opposition from the Turf Monsters ;) –> it sounds like the
kind of thing that can bring together all the good folks in a community.
So the following is what I sent Bill... and it makes me want
to plunge forward myself! (I will insert a few short asides as to how
this might work in, ahem, Idaho.)
So… anything below that makes you want IN?
/NK
[Norris rant/on]
Dear Bill, er, Chattanooga:
Ah, Startup Week! Is this part of the national/global effort
from UP Global?
#1 Success Factor. Do NOT ask the "experts", tell
them to ask the entrepreneurs. Sponsors
may insist on some input but that's ok as long as you listen to the entreps.
Really depends on what the community wants to learn (again
NOT what the "experts” think they
need to hear. ) Having said that, here are some ideas that play well anywhere.
Here are three:
1. Think Global; Act Local [let
me plug great OTHER folks]
2. Ecosystem Building
3. Mindset Growing
1. GLOBAL and LOCAL: Engage National/Global Allies
& Friends
If this is not
the UP Global Startup Week model, I'd still reach out ASAP to
them –for example, my friend Shauna Causey, shauna@up.co, tell her I sent ya!
They have tons of ideas. See GEW below.
Kauffman is going through some changes but they
are still trying to help communities - start with my new chum Nathan Kurtz
there [nkurtz@kauffman.org] and the totally awesome 1 Million Cups initiative
which they should launch [www.1millioncups.com]
SourceLink - dynamite model for keeping the
ecosystem defragged [www.kcsourcelink.com for best example; Cathi Ulrich,
ulrichc@umkc.edu is key contact. She is one of those who nominated me for the
National Advisory Council for Innov and Entrep! Totally badass, Cathi might be
a great speaker for this event, as would Shauna, Nathan and Slobotski.
Global
Entrepreneurship Week - 3rd week of
November but becoming almost year-round. The Chattanooga team needs to connect
there too if they haven't already. There are some global events that make much
sense - for example, do a Startup Weekend at the start or end of GEW and the
winners become part of a GLOBAL competition. Total hoot. And a great way to
help keep the positive momentum rolling after the October event!!!
Is that enough, Bill?
(Whew... I envy you, bro... I wish we could get the squabbling children
together here to do something like this! NOTE to Idaho: We are making progress… keep your eyes peeled!)
Bill, show them this: dress rehearsal of video being used
all across EU https://www.youtube.com/watch?v=1poz3eKdSbo
A series of events where you engage the entrepreneurs in
growing the ecosystem. Bill, this is what I do -- it can be a 2-3 hour workshop
or a series of activities.Combines the best of what we know with serial
entrep/VC Brad Feld's clever model (book: "Startup Communities")
Done this for OECD, EU, in Singapore, Japan, Cairo, NJ,
Denmark and Moscow/Pullman (that was actually a blast... seeing UI & WSU
work *together*? Priceless!) These workshops always make an impact -and
surfaces the turf monsters.... :)
If they want to focus on ecosystem growing, you have
them
a) do a world-class map of the ecosystem,
starting in advance... Has to be done brilliantly - a crappy map is not a big
help (that's what most cities have).
b) do a listening session: use AI/ABCD tools -
again, entreps only. Could do more than 1. (Should.)
c) tactics workshop (the 2-3 hour version
mentioned above)
d) "How to be a Super-Connector": http://www.slideshare.net/norriskrueger/how-to-be-your-ecosystems-liaison-animateur
e) How to Keep the Momentum: simple mechanisms
for keeping the lessons alive (e.g., the right metrics...)
If they like, this could comprise an event each day. I can
prep local facilitators so this doesn't become a great event that fades in a
week. [NOTE to Idaho: We can do this… so let’s!]
3. Nurturing the Entrepreneurial Mindset
Colorado Springs had a terrific Startup Week, led by the
local community college and the Kauffman Foundation. Their focus was building
human capital (the ecosystem stuff is more social capital) so they centered
around an example of great experiential learning… (Hands on projects are NOT
necessarily experiential.. so part of this was a workshop on that. Another ridiculously self-serving link: http://www.slideshare.net/norriskrueger/experiential-entrepreneurship-education-state-of-the-art-coneeect-sofia )
The example they used is the Kauffman-backed Ice House - it
is really deadly good, sneaks in great experiential lessons disguised in a
corny framework that plays well with most populations, 3 min video: http://www.youtube.com/watch?v=Qsmsxzuu2PI (also if you prefer sketchpad version: http://www.kauffman.org/newsroom/2013/11/the-ice-house-manner-and-mindset-of-teaching-entrepreneurship-featured-in-new-kauffman-sketchbook/ ) Watch that sketchbook and video and TRY to tell me
that we don’t want this kind of great programming in your community!
[NOTE to Idaho: I am working with Ice House and a deep connection
with NFTE who's got a similar program. Why not put something like Ice House in EVERY
school?]
So,
tell me true, my friends… assuming you’ve read this far ;) …
am I giving Chattanooga bad advice?
@entrep_thinking/Facebook/G+/LinkedIn
Friday, June 20, 2014
Celebrating Idaho's Coolest Entrep/Tech Stories! Will you help?
Feeling the entrepreneurial buzz?
Just got blown away by the Breaker BOI event where design thinking gurus are helping HS students to team up for radical innovation. Wow! [Major props to the Albertson Foundation & Lisa Fisher, plus Juliette from Project Breaker and Susie Wise from Stanford's mind-blowing d.school!] About damned time that we brought genuine experts in design thinking!
Also, I am driving north to speak at and mentor in the "Be The Entrepreneur" bootcamp by the Palouse Knowledge Corridor [link - still time to get there, at least drop by Sunday AM to lob tomatoes at my talk :) ]
A quick favor -- I am on the ITC's marketing committee and we're working on two ideas, one we need YOU to chime in! (I know you all are shy... but please help us out?)
You've heard my mantra
"Celebrate. Educate. Initiate."
...possibly ad infinitum? ;)
...possibly ad infinitum? ;)
Imagine 15-16 of the coolest tech stories in Idaho showing off!
We want to put together a 2015 showcase for the best entrepreneurial/tech stories in Idaho - companies who are doing amazing things, creating incredible value but we do NOT want this to be the usual suspects, we want the Hidden Gems. (We also want to showcase the full range of Idaho's tech wizardry and encompass the entire state.)
I am lobbying hard for the Ignite/pecha kucha model where speakers talk for 5 minutes in front of a wildly supportive audience. As I get deeper into launching the national/global TEDxEntrepreneurship in August write for details], I am increasingly convinced that if you've got a great story... we can help you be a great presenter.
So............
Will you send me ideas for presenters - especially hidden gems, especially non-Boise (but still want them), and a variety of industries?
Will you keep your eyes out for great candidates?
This is going to be FUN! But we need your help to keep this being the same-old, same-old.
If every Idaho economic developer, every Idaho entrepreneur, every Idaho entrepreneurial supporter on this elist sends me just ONE candidate... we could have an event that could draw national media attention and allow us to truly...
Celebrate (what great things we have)
Educate (learn from these folks) and
Initiate (use their example to inspire others to action!)
p.s. the other idea is a portal for resources supporting entrepreneurship, etc. Given that there are basically ZERO successful portals out there (and Idaho's prior efforts have fallen short).. it's a daunting task.:)
BUT there is one exception and that's the new SourceLink model (www.ussourcelink.com) that embeds the portal into a more proactive connector model which itself is embedded within a serious, independent, no-turf-monsters-allowed ecosystem defrag effort. Anyway, check out especially www.kcsourcelink.com and play with it a while... SourceLink really wants to do Idaho (and they are making noises about my joining their board) so.. check out the KC site and dream of an Idaho version.
And as always...
Entrepreneur Up, Idaho!
Friday, May 16, 2014
Vote early, vote often? :)
Vote early, vote
often? :)
Pro-entrepreneur public policy is (a) hard to find and (b)
usually misses the point...completely. One huge reason is that entrepreneurs
aren't engaged in the process.
"Everyone loves progress; everyone
hates change"
On the other hand, it is surprisingly easy to figure out
where candidates stand on key issues that matter to us. First, do they use the bully pulpit to support
healthy entrepreneurial ac tivity? Or just recycle clichés? Second, do they really
know and understand entrepreneurs? Or just think so? Third, ask them “would you
rather be the windshield or the bug?” We can only choose between being
disrupted or being the disruptor.
It's hard for insanely busy entrepreneurs to get involved in
the political process which is messy, often illogical and definitely
time-consuming. But we CAN get involved in educating elected and appointed
officials in what really makes an entrepreneurial economy... truly
entrepreneurial.
And back that with
our votes.
Let me throw out some ideas for what we should look for in
what civic officials say and do. Better still, if YOU are running for office,
here are questions to ask yourself!
If you can only ask one question of a candidate or official,
ask if they know entrepreneurs – real entrepreneurs – and do they listen to
them? Really listen? Do they get what entrepreneurs really want. If they share
what they hear entrepreneurs saying about to build on what we have... they’re a
keeper.
If you want to educate them, use things like http://bit.ly/CandidateGuideEntrep
and I urge you to read it closely. However, Let me give you four key things to
look for (shamelessly stolen from Brad Feld's book "Startup
Communities") that a smart candidate can adopt as talking points. (Or see video here)
1. Do I focus
relentlessly on helping bottom-up activities? Or do I work with, support or
listen to the top-down, whether institutions, "power players" or The
Usual Suspects? Government can fly cover for the bottom-up but shouldn't try to
control them, even with the best of intentions? (See #3 below!)
1a. Who do I listen
to about growing Idaho's economies? Self-styled experts? Smart, passionate,
persuasive amateurs are particularly dangerous to listen to. Ask the
*entrepreneurs* not those who want
to speak for them.
2. Am I including all
the different 'flavors' of entrepreneur? Or do I get distracted by the sexy
high-tech, high-growth ventures? Entrepreneurship is very much a big tent.
3. Am I helping
create rallying points for the entrepreneurial community? To finding out
from the entrepreneurial community (again, not those who speak for them) what
would galvanize them? In Feld's words: Government and institutions are not leaders but they can be feeders. You can play
connector but you can also play convenor – do I support bringing entrepreneurs
together for events like "1 Million Cups" (www.1millioncups.com)? And remember that
all this must be led by entrepreneurs not institutions?
4. Am I in this for
the long haul? It took Silicon Valley decades to become an overnight success.
We’re behind the curve, so let's get started. Idaho’s entrepreneurial community
is fragmented, so let's defrag it! [Start here! http://goo.gl/6mmmy
and here! http://goo.gl/WLQZrH ]
Bonus question: Do
you see entrepreneurs as motivated by money? Or do you realize that
entrepreneurship is about making cool things happen. Cool things that create
great new value?
Do you stand for maximizing the Benjamins... or do you stand
for creating new value?
And will you vote for
those who do?
Entrepreneur Up!
Norris
(for more on entrepreneurial ecosystems, check these links: http://goo.gl/v0YIIX)
Tuesday, February 11, 2014
We’re #49! We’re #49! :)
We’re #49! We’re #49! :)
The formation of new businesses since the end of the recession has been
lackluster at best. Job creation by new firms has lagged as well. In the latest data
from the good folks at EMSI
(Moscow, Idaho!) where does Idaho rank among the states for net new business
formation?
#49.
Ouch.
Add in the average number of jobs per startup has declined nationally
since before the recession. And gross job creation peaked in 2005… pretty much
globally. Then look at the self-employed: Those numbers are declining too (also
still at least 25% of the Idaho workforce).
What the bloody hell is going on??
Job creation by startups in Idaho is better than the new business
formation rate would suggest but - just as before the recession* – the
overwhelming percentage of net new jobs comes from the growth of existing
businesses. (Jobs from in-migrating firms remain very low.)
Cities are important, too. By the way, the best correlate of job growth
is population growth. That means we also need to look at within/across states.
Example: Indiana’s data looks pretty good but it’s pretty much all in the
Indianapolis area. Rural areas are seeing a significant move in jobs from rural
to urban. Idaho has the same issues but my SWAG is that we’re at least better
(less bad) than the Hoosiers. Still, we eventually want to decentralize our
DEFRAG of Idaho’s entrepreneurial ecosystem.
What the bloody hell can we DO?
The states (and countries and cities) that ARE seeing strong net business
formation are doing things very differently. The top 1% of those cities look
and act in ways that we can learn from. Some quick examples plus how Idaho can
follow suit. (for example)
1. Listen to the entrepreneurs: The bully
pulpit
How many people in high places are singing the praises of entrepreneurial
activity? Is the media? Has this filtered down to the local level? More
important, are they listening to the entrepreneurial community? (And actually
hearing what they say?) Too often, cities and states end up listening to the
power players and institutions who with the absolute
best of intentions end up focusing on giving entrepreneurs what they think we
need (not what we actually want).
2. Few of us are truly ambidextrous: Execution/Implementation
versus Ideas
A “great” idea is not a great idea unless
you can make it work. (“Better a Grade A entrepreneur and a Grade B idea than
vice-versa!”) Whether the idea is home-grown or a “shiny pebble” we see
elsewhere, there’s a natural tendency to want to do it ourselves (see #3 below)
but our communities deserve the best, yes?
“Ambidextrous” in the management world is
being good at identifying what to do AND being good at implementing, a rarer
skill than we’d like to think. It’s easy to get this backward – ask great
implementers to come up with great ideas. (The ambidextrous few are invaluable,
of course.)
3. Listen to the experts: No more amateur
night
Why would you give creative input to those who’ve been awful for
literally decades, especially when A+ expertise is readily available? (And why
would you give them creative control? Sigh… ) Communities have this maddening
tendency to want to do things themselves. Yes, we need deep, broad local buy-in
and effort. But there is so much expertise at Idaho’s fingertips that is
outside the borders (and willing to help us! And they will listen to Idaho’ entrepreneurs – how do you think
they got to be experts?)
4. Everyone needs a Secret Evil Plan?
Bottom-up and inclusive but have a plan. The most successful communities
have an overarching framework that marshals institutions in support of the
bottom-up wants of the entrepreneurial community. Resources get aligned to
maximize the delivery of value to the entrepreneurial community. This
characterizes every great entrepreneurial ecosystem I have ever seen. It can
happen organically but it can be nudged along (even shoved!)
5. Google Maps?
What are the first two things you do when you open up Google Maps? The
start point and the end point, eh? So how many communities really understand
their starting point – how many have a great map of their ecosystem? (VERY few…
though some communities have multiple competing maps that basically suck.) Even
fewer have any sense of the ‘end point’- how many actually have asked the
entrepreneurial community about their vision of where we could be? Almost none.
Any city or state who will do these two things brilliantly will jumpstart their
entrepreneurial ecosystem. (And aligning resources becomes a lot easier.) But
you have to do it brilliantly. Bring in the experts (example)
6.
You Win
With People (or... “Ecosystems are Soylent Green?”)
Entrepreneurial ecosystems
aren’t lists of participants – the best maps (and visions and strategies)
capture the dynamics and especially the interconnections in the system. Great ecosystems reward proactive connectors.
But that makes them intolerant of the turf-grabbers, narcissists and other
pathogens in the system.
Jim Collins’ great maxim that we
need to get the right people on the bus and the wrong people off the bus has
never been truer. But who are the
“right” people? Who are the “wrong” people? And how do we get the wrong people
off the bus when they’ve duct-taped themselves to the steering wheel? (Part of
being “wrong” is feeling entitled to drive despite any actual expertise. Cue
the Dunning-Krueger effect?) Google Bob Sutton’s “No Asshole Rule”. You will
thank me.
Markers of the “right”
people/organizations? Think the 3 C’s: Competent, Connected, Collegial. When
you start the ecosystem re-build, find the people who:
a) bring
a particular A-grade expertise at something mission-critical. Are they the best
in the state at something important?
b) are
connected both locally AND at the regional/national/global level. Do the best
people in the world on a topic think highly of them?
c) are
trustworthy. Have they ever grabbed turf that wasn’t theirs or claimed
expertise they didn’t have? The heart of a great ecosystem is trust. Awfully
hard to get started using people that have been untrustworthy…visibly.
7. Bold, public commitment – not just to
growing the ecosystem but also to embracing disruption
We can be the squirrel or the
truck. We can no longer choose to be neither. Disrupt or be disrupted. Or, more
likely, disrupt AND be disrupted. We are
back to the bully pulpit: the economy is going to be very different in 10
years, even 5 years. More important, it is already more important.
Adapting is not going to be
incremental – it is going to be very discontinuous and most likely where you
least want things disrupted. Assume your business model is toast in 3-5 years…
if you’re lucky. But remember that business models are about serving customers
and others… who wouldn’t be enthused about getting better at serving
customers??
8. ENJOY the ride (“Move that bus!”)
Idaho may be #49 in creating new
businesses... but we have every reason
to believe that we can change that. Radically. Now.
We have it within our grasp to
jumpstart our entrepreneurial ecosystem.
Think of it as an Extreme Makeover… an Extreme Entrepreneurial Makeover.
(Apologies if you haven’t seen the tv show.)
1. Bully Pulpit: Celebrate. Educate. Initiate.
Never miss an opportunity to celebrate what we have. Never miss an opportunity
to educate all of Idaho’s citizens on all this. Never miss an opportunity to
initiate things like this Extreme Entrepreneurial Makeover or to support
other’s initiatives.
2. Listen to the Experts/Ambidexterity:
Take advantage of all those who have already said they’d help us. Be ruthless
about great implementation. Quit playing amateur night.
3. Evil Plan: Use the
cutting edge of what we know to create a strategy to engage institutions in
helping. Comprehensive entrepreneurship development strategies (e.g., FIRE)
pull together the no-brainer proven practices that will support bottom-up,
entrepreneur-led efforts. Job #1
4. “Google Maps”: Do a first-class mapping of the
entrepreneurial ecosystem. We know how to do it well. Job #2. And do a first-class assessment of the entrepreneurial
community’s vision for where we want to go. We also know how to do this well. Job #3.
5. Win With People:
Identify an “A Team” who pass both the 3 C’s and Bob Sutton’s test. Use the
bully pulpit to empower them.
6. Bold, Public Commitment: Make the need to embrace disruption a
recurring theme – emphasize that embracing disruption is the only way to help
mold our future. And support that with training and resources to help Idahoans
to do exactly that. Once again, we know how to do that.
7. Have Fun! In the tv show “Extreme Makeover” they did things in a
week or less. It will take us longer, maybe a lot longer. But doesn’t that mean
all the more reason to get started?
I can’t wait till Idaho can yell
“Move that bus!” and unveil a stronger, more resilient (and job creating!)
economy, fueled by a stronger entrepreneurial ecosystem.
Somebody try to tell me this won’t be ridiculously fun…. And won’t create jobs!