January, 2010


25
Jan 10

TechCrunch: Exploding Term Sheets Prompt Y Combinator To Sync Acceptance Dates With Competitors

Link: TechCrunch: Exploding Term Sheets Prompt Y Combinator To Sync Acceptance Dates With Competitors

If you didn’t catch the recent TechCrunch post on Y Combinator’s decision to sync its application deadlines with other seed accelerator programs, beyond the decision, there was one other key bit of information at the tail end of the post:

This session’s application includes one other notable change: startups are being encouraged to submit their applications as early as possible. Before now, half of all applications have been submitted in the last two days before the deadline as founders work to polish their applications. This time, the YC team will be reviewing applications earlier and interacting with founders before the deadline, so it’s in your best interest to apply as early as possible.

Sound like the “Begin a Dialogue” advice from my seed fund application advice post?  Yep…  Get cranking on those applications!


25
Jan 10

Get Philly in Fast Company Magazine

Link: Get Philly in Fast Company Magazine

Fast Company is releasing a 5-part series on great cities for start ups. So far, New York City, Boulder, and the latest, Seattle, have been published. That only leaves 2 spots and Philly should be one of them. Innovation Philadelphia asked Fast Company how Philly could get noticed because, well, it deserves to be. To get our great city included, send your thoughts and ideas on Why You Should Start a Company in… Philadelphia to ideas(at)fastcompany(dot)com.


24
Jan 10

Inspiring Action in 2010

If you haven’t read Thomas Friedman’s NY Times Op-Ed on making 2010 the year of innovation, you should. Friedman raises a number of interesting points around how President Obama has allowed the grassroots movement that carried him into Washington to disperse and that Obama should focus on inspiring long term economic development through entrepreneurship and innovation. All are great points and ones that I agree with.

However, I think Friedman missed an opportunity with his Op-Ed and one that is unfortunate, given how widely read the column will become. We don’t need a mandate from Washington to make 2010 a year where America emphasizes innovation. This goes back to the comments on the grassroots elements that Friedman opens his column with – each of us, individually, has the ability to make an impact and inspire action, and contribute to change that we effect together. When America is at its best, it is a nation of individuals striving collectively towards a larger vision.

Let’s make 2010 the year that each of us focuses on how we can be innovative ourselves and encourage others to do the same.

How many ideas did we ponder ourselves or listen to from others last year? The ideas that if we change x or did y, there would be some improvement, something changed for the better. How many of these ideas did we take action on? How many of these fall by the wayside, even though it was something that we could have done something about in just a few moments?

Let’s make a concerted effort in 2010 to encourage ourselves and others to do more to be innovative – to explore and take some kind of action on these ideas.

One of the most interesting and encouraging things about working with startups is the motivation and drive that each entrepreneur has, and the belief that they can change the world in some way, no matter how small. They are also highly optimistic, believe that they can make this change, in spite of odds that are set against them.

What can we take from this? First, that it is important to remember that the initial idea doesn’t need to be perfectly formed. Innovation and entrepreneurship is all about starting somewhere and figuring out what works. Second, we need to keep in mind that there isn’t just one way of looking at the world and solving problems. And finally that there is very little downside.

And the important thing to remember is that entrepreneurship is not just about business. Innovation and entrepreneurial spirit can be applied to anything and the impact can be huge.

This is fortunate, because we as a nation and as a world have huge problems facing us. Climate change and poverty for starters.

These may seem to be massive problems, but we can’t just sit here and stare at the big, looming issues. We need to start tackling them somewhere. And this is where we can all make an impact, without a mandate from Washington. Each of us sees the world differently and has different ideas about how things should be done. Don’t just sit there and complain about it – use that spark, that motivation, to figure out something small that you can do about it.

Look at the power that kind of reaction had for the people of Haiti. And what was required? Just sending one text message. And, given how easy it is to spread an idea virally via the web today, then lots of those people encouraged others to do the same. The result to date has been somewhere around $20 million dollars.

We don’t need a mandate or CNN coverage to inspire us to act or tell us what we should do, though.

So, for 2010, figure out what you can do to help make this a year of innovation. Start by being innovative in some way yourself and encouraging others to do the same. I’m making this one of my goals for the year. Start by making it one of yours.


24
Jan 10

Life as a Healthcare CIO: Stress Acceleration

Link: Life as a Healthcare CIO: Stress Acceleration

“Just as a parachuter accelerates at 32 feet/second/second until reaching terminal velocity, there is a point in our existence as humans that stress acceleration will take us to terminal velocity in the quality of our lives.”

Interesting stuff and very true – where do we go from here?


22
Jan 10

tgethr – From internal to everyone

Link: tgethr – From internal to everyone

Inkling Markets, a Y Combinator company, released a collaboration product that they built for their own internal needs.  Lots of great stuff starts this way – Ruby on Rails was famously extracted from 37 Signals’ Basecamp product. Good to see more companies taking products that work for them and making them available.