Reid Hoffman’s concept of leveraging the power of entrepreneurship was echoed again this summer when I talked with Lesa Mitchell, VP for Advancing Innovation at the Kauffman Foundation. She shared her enthusiasm that, for the first time, the Federal Government is waking up to the enormous impact entrepreneurship can have on the economy and recently created an Office of Innovation and Entrepreneurship. It has limited staff and funding, but it’s a start. I wonder if it will one day include a department of GREEN entrepreneurship? It’s widely accepted that “picking winners” is not the best use of government resources, however, there is much government can do to create a fertile ecosystem for startups to thrive.
Lesa Mitchell recently testified before Congress and shared some of her top recommendations with me:
1. The need to development world-class commercialization boot camps for university students and faculty and entrepreneurs, to get innovation out of labs and into commercial production – this she says is the “low hanging fruit.”
2. Before giving grants, the government must set rules to encourage transparency, sharing data, resources and outcomes. Mitchell cited Kauffman’s iBridge Network (a Craigslist for innovation) as a suitable model to create a “lens into universities.”
3. A free agency licensing model should be adopted to encourage more rapid commercialization of innovation. This idea has created some controversy, but the Kauffman team should be applauded for not pulling its punches.
For more information on the Kauffman Foundation’s work on entrepreneurship and startup trends click here
June 24 marked the 13th annual SDForum Visionary Awards, a celebration of the innovators and chutzpah that make Silicon Valley unique. Although the four visionaries come from diverse backgrounds, Silicon Valley was the common theme for the evening. The visionaries gave a revealing glimpse into the Silicon Valley State of Mind. What exactly is Silicon Valley? What’s its role in the world?
This week, we look at Reid Hoffman’s viewpoint. He’s co-founder of LinkedIn and a renowned innovator in Silicon Valley. He had some strong words to say about the power of entrepreneurship and its ability to jumpstart the economy.
Jeff Weinerof LinkedIn introduced Reid Hoffman as someone with a brilliant strategic mind and ability to invent the future. As well as being Executive Chairman of LinkedIn, Hoffman is also a partner with venture capitalists, Graylock Partners. Pointing to his colleague’s multidisciplinary background (Hoffman studied symbolic systems and philosophy at Stanford and Oxford respectively), Weiner concluded that education provided the building blocks to create an outstanding public thinker and social networking pioneer. Weiner reminded the audience that Hoffman understood the ability of technology to inform and connect people, inspiring him to launch Socialnet (a precursor to LinkedIn) before Facebook and MySpace existed.
Hoffman walked to the podium with some reluctance, saying that listening to the introduction made him “want to run and hide”; yet he started his speech off by grounding us in time and place.
“It’s an enormous privilege to be at this center fulcrum of how we change the world, that we call Silicon Valley,” he said, and posed the powerful question, “What more should we do with that?”
Talking like a true Silicon Valley techie, he suggested not two “answers,” but two “vectors” to his question. And, the visionary he is, Hoffman thinks BIG. First, he recommended leveraging entrepreneurship as a powerful way to get the world economy back on track. Drawing from author, Tom Friedman’s thesis, Hoffman said,
“We live in a world that is increasingly flat and increasingly accelerating. When you have challenges like economic turbulence and uncertainty… entrepreneurship is a really good pattern…we need to make it more available globally.”
Provoking wry laughter from the crowd, he pointed out that there is no entrepreneurs’ lobby in Washington DC, and implied there should be one to encourage entrepreneurship as part of the stimulus package, both here in the U.S. and around the world.
His second “vector” or call to action was: how can we take business models to the non-profit sector? Drawing from his work at Kiva.org and Endeavor.org, he suggested hybrid models of self-sustaining nonprofits that can help spread entrepreneurship and create high impact change.
“I love to play at the heart of what we do best in Silicon Valley,” said Hoffman. “To take risks, develop technologies and use financing and inspire entrepreneurship to create a lever by which we move the world.”
I caught up with Twitter officianado, Adam Jacksonat SDForum’s Teens Plugged in Conference last year. Since then, he’s founded TweetForMyBiz, a social media consultancy, based in San Francisco.
Moderator at this year’s conference, Mike Cassidy wrote an excellent column in the San Jose Mercury News about how teens embrace fearlessness in Silicon Valley. He writes:
“Tech CEOs have done plenty of hand-wringing about our schools’ declining ability to turn out the thinkers we need to keep innovation robust…The young entrepreneurs at the SDForum conference don’t make those worries go away, but they are a reason to hold onto hope. They are a generation that embraces the optimism, fearlessness and drive that have built Silicon Valley.”
Adam Jackson, who uprooted from Florida to San Francisco to pursue his entrepreneurial dreams as a young teen, is a great example of this fearlessness.
In this interview from the Fresh Dialogues archives, Adam talks about how to become a green influencer.
“If you have an idea to be more green, help the earth, then go for it, and try it out. See what happens and talk about it. That’s how you become an influencer, that’s how you become an expert. It’s not by re-quoting other people’s things. Or by trying to figure it out, maybe dabbling in it. You just have to jump head first.”
SDForum attendees got a glimpse of the future last Friday. Microsoft hosted the 4th Annual SDForum Teens Conference – an assembly of some of the most dynamic and creative young minds in Silicon Valley.
I had the pleasure of moderating a panel of high energy high school students who are using technology to pursue their dreams of, well, simply: changing the world. Why not indeed?
Katherine Nasol, a junior at Notre Dame High School, who aims to eradicate child trafficking in the Philippines through her Pagkabata Project, put it best:
“In a time where youth have a bad reputation of going on Facebook all day and spending most of our time playing video games, this conference challenges that notion. Youth have the power to do anything, whether it be building a global network or changing the world views to care for the environment.”
Her colleagues were equally impressive, from Emily Gran, who wants the world to take action in response to climate change (and has created a high school syllabus to trigger that change); to Daniel Brusilovsky who founded Teens in Tech Networksto help launch young entrepreneurs in business (and wants to replace Steve Jobs at Apple when he grows up – there will be no stopping this guy !); to Veronica Hume and Diana Chen who have created the GirlsForTech site to connect techie girls around the world; to Emily Munoz and Natalie Hon,Freestyle Academy students, who made a documentary about the importance of arts education in schools.
Panelists include, from the left: Diana Chen (Mountain View) , Veronica Hume (St. Francis), Katherine Nasol (Notre Dame), Emily Gran (Menlo Atherton) and Daniel Brusilovski (Aragon) and not photographed: Emily Munoz (Mountain View) and Nathalie Hon (Los Altos). Moderator: Alison van Diggelen
For more Fresh Dialogues interviews with teens, click here and check out our full archiveof interviews with Paul Krugman, Tom Friedman, Martin Sheen et al.
A former NASA advisor who developed technologies to sustain life on Mars, this earnest scientist is now harnessing his visionary skills and a large team of engineers to solve the energy crisis. His ambitious goal? To revolutionize the energy industry, just like cell phones revolutionized the communications industry. His team is developing high efficiency fuel cells to provide a globaldistributed system of electricity supply at low cost and a low (and ultimately zero) carbon footprint. Clients include Google, eBay, Fedex and Walmart. Not too shabby.
The company has been in stealth mode for the last eight years andindustry speculationhas been rife about its future plans. Thanks to a CBS 60 Minutes Report by Lesley Stahl on February 21st, and the official Bloom Energy unveiling, many more details are now available of this potentially revolutionary product.
Even before opening his doors to 60 Minutes, KR agreed to discuss Bloom Energy’s progress in this exclusive and detailed Fresh Dialogues interview, recorded in 2009. To read the interview transcript click here
“Energy is a passport to a better living. For the rest of the world that doesn’t have access to power, to electricity; to give them that is empowering them to a better life. If your solution works and you make it affordable and you distribute it all over the world, then you have definitely changed the world….You give power to the people.”
What’s in the Bloom Box?
“It takes the chemical energy from the fuel and converts that to electrons with no in between conversion. So you are changing your currency only once. It’s an electro-chemical reaction..like a battery…but the big difference is it’s a power generator so you keep supplying the fuel in and you’ll keep getting the electrons out – most importantly without combustion. It’s a one step conversion… high efficiency…you burn less fuel – less greenhouse gases -and eliminate all the combustion related polluting gases.”
What’s the link with transportation?
“Transportation can potentially go in two directions in the future. One is a hydrogen infrastructure for the car, the other one is an electrical infrastructure for the car…plug-in hybrids…Our device can either produce the electricity that’ll charge the car or provide you hydrogen if the transportation becomes hydrogen based. So we’ve sort of become the gas station for the transportation industry.”
There are still many unanswered questions about Bloom Energy, but here are some more clues.
To check out more Fresh Dialogues VIDEO interview segments click here and check for other Fresh Dialogues video interview segments with lots more PRODUCT AND BUSINESS PLAN DETAIL about Bloom Energy.
I caught up with Twitter officianado, Adam Jacksonat SDForum’s Teens Plugged in Conference. He talks about how Twitter is going green and how his new book, 140 Characters, a style guide to Twitter, will be released as an iPhone App – a greener and cheaper option than a traditional book.
On Twitter’s green credentials
“If you use Skype to have a conversation instead of flying across the country, you’ve saved money and saved the environment.”
“I think a lot of our sales will come from the $4 for a virtual app….its selling point is that it comes instantly … but it’s also a great thing for the earth.”
“It tells you how to post links to get the most clicks.” (more…)
