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Today is a very exciting day for the 1 Million Cups program. We are three quarters of the way to our goal of twenty U.S. cities by then end of 2013. But more importantly, the debut launch of 1MC Orlando and San Diego demonstrates the power of collaboration at the grassroots level.
Last week marked an important milestone in the development of the 1 Million Cups program. For the last year, each city's weekly 1 Million Cups event has been run by our community organizers, a team of volunteer entrepreneurs. That's right people,VOLUNTEERS! Our community organizers are some of the most talented, creative, genuine, and collaborative entrepreneurs on the planet. In addition to being the thought leaders in grassroots entrepreneurship in their communities, they hold down day jobs working with or running startups. With all that brainpower at our disposal, we knew we had to get all of our community organizers together in Kansas City to plan for the future of 1 Million Cups as it continues to grow.
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week.
A lone startup that had set up shop in a house on a typical Kansas City block has some new neighbors. In less than one year—with the recent installation of Google Fiber serving as a potential catalyst—that same block is now home to a dense pocket of startup activity and has been duly dubbed the Kansas City Startup Village.
As the final hours ticked away at Healthcare's Grand Hackfest: Idea to Breakthrough Innovation in One Weekend, teams huddled together in the Massachusetts Institute of Technology Media Laboratory, continuing to brainstorm on their design and prototype innovative breakthroughs from the last few days.
"If you truly believe in the potential of your company to change the world for the better, there’s no excuse for settling for an acquisition."
I was reading through this month's Inc. magazine earlier when this quote caught my eye. My first thought was to challenge the notion. There are specific occasions when an acquisition is exactly what a company needs to move forward or to move on. This is just how things work, but the bold words sparked my interest enough to turn the page. I flipped to Issie Lapowsky’s feature with Vimeo founder Jake Lodwick. Lodwick was fired a year and a half after selling Connected Ventures, the parent company of Vimeo and College Humor, to InterActive Corp, an Internet company that owns the likes of match.com, Urbanspoon, and dictionary.com. After the acquisition, he felt stripped of his creativity. Where innovation once dwelled, process was introduced. Lodwick was fired a week and a half before he planned to quit. This experience backs his words of advice to entrepreneurs who think an acquisition means nothing will change within the mission of an organization. Lodwick bitterly states that "in fact the mission was lost, and everything will change."
In the entrepreneurship and economic development realms, the word “high-growth” is tossed about loosely, often used to define that rare, illusive, overnight success of a startup. But a recent study by Kauffman has proved that high-growth firms aren’t as hard-pressed to find as we thought … so long as you’re looking in the right places.
In the race to get new medical devices to market, companies encounter FDA speed bumps that slow down the process. But would we really be willing to accept the risks that would accompany fast FDA approvals?
President Obama and his cabinet secretaries visited Northeast Ohio to talk about issues, opportunities, and new ideas around entrepreneurship.
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