mentorship

Lessons from Sandy

Nurses This is part of my Series on Mentorship.

The last few days in NYC have been harrowing and humbling for everyone, but especially for those living in low-lying areas. Many have lost their homes, many have seen valuable possessions destroyed, and tragically for some of the unluckiest- Sandy took their lives and the lives of loved-ones. The city will be digging-out of the carnage for months- there is widespread destruction to the whole infrastructure of this town. Once again New Yorkers' sense of security and well-being has been massively jarred.

One remarkable thing I think most everyone in the city has witnessed though was the quiet heroism of the nurses, doctors, firemen, police and others that literally kept the city from descending into total chaos and even more pronounced tragedy.

One particularly moving example for us all (pictured above from the Associated Press) was the specter of nurses manually breathing for babies being evacuated down nine flights of stairs from the neo-natal intensive care center when the back-up generators at NYU's Langone Hospital failed.  They literally pulled 20 of the most fragile and vulnerable human lives in this city from the abyss. And that was just one story among countless others that emerged over the last several days.

Once again, as was the case over a decade ago, it was the unheralded salt-of-the-earth folks whose grim heroics bore us up in some of the darkest hours New Yorkers have experienced. For these folks, it's just "what we do"- for the rest of us- we can only be awed and eternally grateful.

For the next post in this Mentorship Series, click here

Venture Studio (19): Lee Hoffman, CEO of Veri

 

A few weekends ago I sat down with Lee Hoffman, CEO of Veri at TechStarsNYC headquarters during a gathering they were having for the outgoing crop of TechStars companies. (That’s what all the noise is in the background). Many thanks to Dave Tisch and his terrific team for setting this all up and accommodating us.

Lee is a very talented guy who is a both a developer and designer and I jokingly like to say that he and Reece Pacheco are part of a burgeoning “Brown University Mafia” that has descended in NYC of late. I not only learned a lot about Lee’s trajectory as an entrepreneur and about his extraordinary vision for Veri but unwittingly he ended up giving us all a master class on entrepreneurship through the telling of various stories of startups he was involved with, mistakes that were made and many of the ups and downs he's encountered.

You'll find the whole interview here at: Venture Studio

 

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Venture Studio (6): Trevor Owens: Entrepreneur, Super-Connector, Community Organizer

This is Episode (6) of Venture Studio

Welcome to this conversation with one of the most dynamic members of New York's tech community, the omnipresent and ubiquitous Trevor Owens who embodied the concept of "student entrepreneur" during his time at NYU. He has recently left school to launch two startups simultaneously. Enjoy.

Below is a short table of contents (with corresponding minutes) of our conversation.

:15          How a finance major @NYU got drawn into tech world? 

3:31       "I was taking every awesome opportunity I could & running with it"

3:39       Heard that Trevor Owens is leaving NYU... why, how, etc.? 

5:12        How his mentors, family, friends reacted to his decision

6:08       Trevor's thoughts on mentorship

7:38       Our discussion on team-building      

8:52       The story and business model of www.insidestartups.org

11:18      The story and business model of the Lean Startup Machine

12:47     Discussion of this Mobile Accelerator Model and his influences       

14:00    Trevor hiring interns. Has lots of projects going on right now    

 

Click Here: For Episode 7 of Venture Studio w/Jordy Leiser


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Venture Studio (2): Professor Evan Korth of HackNY

This is Episode (2) of Venture Studio

Get to know our guest, a huge figure in NYC's technology ecosystem, Professor Evan Korth

In this conversation we discuss HackNY at length, the role of the University in New York's technology ecosystem, some of Evan's student teams (including Diaspora!), NYU's Innovation Fund, and his passion for teaching, mentorship and NYC.

(This excellent piece was released today on TechCrunch about HackNY 2011)

Click for Venture Studio (3) w/ Mark Loranger of Square 1 Bank

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Mark Suster Brings Down the House at Columbia University

Last night I had the pleasure of conducting a wide-ranging interview with Mark Suster at Columbia University's Business School. The event was organized by the Columbia Venture Community and co-hosted by Columbia Tech Ventures and the New York Venture Community, although we had many guests from the Silicon Alley community at large. Mark spoke candidly about his life experience and insights gleaned over the years from being a 2x entrepreneur, mentor, and more recently as a venture investor in front of a packed crowd of entrepreneurship enthusiasts from the student body, faculty, alumni ranks and from the venture capital and angel communities alike. The video, which was shot by Tobin Schwaiger-Hastanan, is posted just above. 

It was a special evening, not just for his candor and insights- but also for the fact that Mark ended up staying with us for hours- late into the night, meeting and talking with everyone who wanted to chat with him after his talk had ended. The Columbia community has been abuzz about his appearance since then- and people were was still raving about him today at Steve Blank's talk. Ironically, I had posted my appreciation for people who give so much of themselves to the community just yesterday!

If you can't listen to the entire 2 hours of the talk itself, I highly recommend you go to the following sections of his talk:

Minute 33: What he's looking for in an entrepreneur. "Someone who can go right up to the line"... "Something you can't teach people"

Minute 37:27: "Life in a startup is a lot of fighting"

Minute 40: Co-founders and Compensation

Minute 42: On Mentorship and Mentorship Programs  

Minute 49: On the NY and LA entrepreneurial ecosystems

Minute 50: The Importance of "Patron" Companies

Minute 56: Super-Angels: "They don't exist, it's an extinct species" .... "It's Bull#*%!!"

Minute 57: New Class of Early-Stage VC's 

Minute 59: The Signaling Problem: "Complete and Utter Bull$%@"

Minute 59: VC's of all types

Minute 1:06 The Importance of Learning from Other Entrepreneurs

Minute 1:13 Awesome Q & A Begins!! 

Hope you enjoy!

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(Suster prior to "bringing down the house" at Columbia University)

How Not to Piss People Off When You Present to Them

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This is part of my series on Entrepreneurial Culture and University Entrepreneurship.

I was recently part of a pitch competition event which was actually pretty important for the entrepreneurs doing the pitching. I saw some things going on which frankly amazed me. Some were extremely humorous but frankly some troubled me because in several instances the presenters started royally pissing off a few of the judges. Obviously no one caused a scene or was carried out on a stretcher- but as a result, some young entrepreneurs with some very decent businesses blew themselves up and were eliminated in the closed-door session afterwards. I was of course inspired to write this only slightly tongue and cheek post with some real suggestions about how not to piss off people to whom you are presenting. I hope this helps.

  • Don't start all your responses to questions with the word "So". You really do come off sounding pompous and signal that you have never operated a business.  ie., "So I conceived of this idea whilst swimming across the Hellespont with a good friend from B school", or, "Soooo we're thinking that the pre-money valuation is.....". This will mostly piss off any entrepreneur/investor in the room over the age of fifty.
  • Don't say "that's a good question" back to the person who asked you the question. It sounds completely inauthentic and ridiculous. One presenter said this to an 85 year-old guy worth $500M+ who has launched some massive businesses in his day. The old fellow reddened visibly but kept his cool (until the closed-door session afterwards where he unloaded on this presenter). Of course he asked you a good question you jackass! He doesn't need you to tell him that you approve of and are judging the quality of his questions. Just answer the damn question and stop pissing him off!
  • If one person is not really going to present don't have them on stage with you. Often in certain student business competitions "co-founders" just stand stiffly to the side of the main presenter, often scanning the faces in the room like a secret service officer working his detail. They look ridiculous and the question surfaces at some point in people's minds- why is this guy standing there? Is he a prop, is he packing heat, is he unable to speak, what value to the venture does he add? It just ends up making people feel uncomfortable and pissing them off.
  • If you are asked a question, don't bob and weave. Either answer the question directly or tell the questioner that you do not know the answer and will get back to him or her. Anything else is disrespectful and will piss off your questioner.
  • Try not to wear a tie, especially if you don't wear one every day- remember, startups are not a fashion show. If you don't wear a tie every day- you will definitely look like you are wearing a costume. Be and dress as you always do. Also, if you insist on wearing a tie, please don't show up with a massive tie knot, (like they wear in London), that has a larger circumference than your neck. It will definitely piss people off!  
  • Don't give a canned talk with slick and practiced answers. Be prepared of course, but also be in the moment so you can really respond to the nuances of what happens during your pitch and the subsequent Q & A session. Be authentic or you will piss people off.

My point in all this is that you can have an awesome powerpoint and be super-prepared for your presentation- but if you piss off the judges/investors- all that effort has gone for naught!

 

For Part 26 in in this Series, click here