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The Resource Center has all the info you'll need From content to user feedback, the resource center has the information you need for every level of the entrepreneurial process.
Last week, we hosted Ice House Facilitator Training here at the Foundation. We had people come from across the country and the international community to be trained in how to facilitate an entrepreneurial mindset to members of their community. I had the chance to sit down with one of the facilitators, Rob Elwood, and learn about his reason for coming to this training, and how he sees it benefiting his community in Annapolis, Md.
During my years at the Kauffman Foundation I have seen firsthand the effect that education can have on the development of entrepreneurs and their companies. The entrepreneurs with whom I have worked have taken the lessons they have learned and applied them to great effect in their endeavors as founders. These entrepreneurs benefited from opportunities to learn critical skills, and from gaining an understanding of crucial decisions or junctures that often can derail entrepreneurial businesses.
What if we could take the top talent coming out of colleges and universities today, those that tend to feed into law school, med school, Wall Street and consulting, and put them in startups all over the country? Imagine the job growth possibilities we could create in the country just by giving recent graduates a taste of that entrepreneurial bug. Now, what if I told you there's an organization trying to do just that. Enter--Venture for America.
Last night I had the privilege of watching the first ever Get in the Ring Competition in the United States. Though this competition is in its sixth year, this was the first year that the United States had participated. The process began in August with groups of judges sorting through about 300 applications from startups all across the country. After several rounds of judging, the final eight startups were invited to Kansas City to participate in the U.S. version of Get in the Ring, the American Startup Clash.
Even with the most intuitive educational material, sometimes the most important thing a students needs is the ability to ask questions. For entrepreneurs, who are often lifelong learners, this is essential to the application of the material to their business. While online learning can facilitate opportunities to learn lessons anytime, anywhere that might not otherwise be available, the opportunity to engage directly with experts creates important connections and discussions.
Something extraordinary happened in Kansas City last Thursday. For the second year in a row, some of Kansas City's largest organizations participated in a reverse pitch. KCNext, the host and organizer, brought in a capacity crowd of over 200 entrepreneurs and other Global Entrepreneurship Week event participants. There were 65 events in Kansas City spread across a week and a half. But this event was different. This one was special.
Can you guess where the follow startups were founded-- GameStop, Woot, Words with Friends, SOFTLAYER? Probably Silicon Valley, right? No. How about Boston? Wrong again. I'll give you a hint: it's the fourth largest media market in the country, home to 18 Fortune 500 companies and boasts two major airports, serving as headquarters for two major airlines. Sounds like a pretty good place to start a company, right? Dallas, and the surrounding area called the "Metroplex", sure thinks so and it wants you to start thinking so as well. On Tuesday, I had the opportunity to catch a glimpse of the emerging startup scene in Dallas. I was pleasantly surprised with what I found here.
Some of the very first decisions founders must make early on in their ventures are crucially important to the future of the business. Many of these decisions concern the ubiquitous "people problems" that challenge even experienced entrepreneurs. When should I found? Should I co-found with someone? With whom? How should we split the equity? Bad or ill-informed choices at critical junctures could have significant consequences for startups. In fact, research has suggested that 65 percent of new firm failures were related to problems within the management team.
Once you've heard the insight--that startups are different from big companies--it seems so obvious. Yet too often entrepreneurs, and those that teach them, approach the building of new companies with the same goals, staff structures and assumptions that motivate the management of large companies. Startup founders build teams to focus on engineering, and on the process of creating a product and bringing it to market.
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