I am in the final weeks of finishing my dissertation. My research question investigates the role the campus plays in the opportunity recognition and startup processes of high growth ventures created by students at US universities and colleges.
From Microsoft, Nike, and Dell to WordPress, Groupon, and Under Armour, many innovative and world changing firms have been conceived in the minds of students on the campuses of US universities and colleges.
My data suggests that the campus does play an important role and that in recent years entrepreneurship infrastructure on campus have had an increased impact. The challenge is that there is a wide range of campus assets available and as with all assets, the value extracted is dependent on the person in possession of said asset. My data also suggests that certain campuses produce high growth firms/entrepreneurs with regularity and that the numbers are increasing.
Looking forward to sharing more. I may post some chapter drafts in the coming days for people to take a look at. Thanks.
Beyond being born and raised in Chicago and spending many years on campuses in the Midwest (BA, MBA), I worked in the tech community during the Internet Bubble and love the Midwest’s continued growth. That said, the optimistic story in TechCrunch by Jonathan Shieber, seems to be a throwback to 15 years ago with the added focus on Case’s idea of the ‘rise of the rest.’ (BTW, we were the Silicon Prairie back then — Divine Interventures, May Report, Halo – Starbelly, etc)
As the most populous city in the region, it’s no surprise that Chicago is the fastest growing hub in “Silicorn Alley” in the development of its investment ecosystem. In the first eight months of 2014 Chicago saw $6 billion in exits through public offerings and sales, including the recent sales of TrunkClub to Nordstrom, and Apartments.com to CoStar Group.But beyond the windy city, startups are cropping up across the Midwest’s silicon plains.
There is some interesting data in the article and mentions of institutions such as 1871 and Lightbank which have helped build strong infrastructure. The article does not mention the rise of the U of C Entrepreneurship infrastructure and the companies that have gone through the campus (the topic of my dissertation) and relies on quotes from power brokers such as the Pritzker clan and abstract ideas from Andreessen (a product of the University of Illinois) to strengthen the rise of the Midwest argument before returning to the Case Rise of the Rest pitch.
The article is worth reading on a number of levels, but it is worth remembering that Chicago and the Midwest were working on this long before the coasts acknowledged the ‘rise of the rest.’
Peter Thiel, one of the ‘great’ wizards of Silicon Valley has some mortal elements
Peter Thiel back in the days of PayPal
as he too has written a book and gone on a speaking and interview tour. Zero to One, by Thiel (with Blake Masters), has many interesting insights and thoughts and Steve Denning of Forbes does a nice job covering the book. From Denning:
In his book, Zero to One, serial entrepreneur Peter Thiel offers seven—sometimes surprising– tools for doing just that. They are what he calls, “the seven questions that every market-creating business must answer.”
The Engineering Question: Do you have a breakthrough technology?
The Timing Question: Is your timing right?
The Monopoly Question: Do you have something no-one else has?
The People Question: Do you have the right people?
The Distribution Question: Can you sell and market your stuff?
The Durability Question: Will you be still around in 10 years?
The Secret Question: Do you know something nobody else does?
Posted in Books, Entrepreneur Profiles, Tips & Tools
Tagged Blue Ocean Strategy, Clayton Christensen, Drucker, Forbes, Opportunity Identification, Peter Drucker, Peter Thiel, Radical Innovation, Steve Denning, Zero to One
Awesome to see coverage of young Mason entrepreneur Jade Garrett, founder of Positive Deviancy, a firm building assistive technology out of stuffed animals for children on the #Autism spectrum. I’ve been lucky enough to work with Jade and she is a dynamic student, leader, and a fine example of today’s super innovative, productive and entrepreneurial students that take advantage of their campus. From George Mason University:
Garrett, who is pursuing an applied information technology degree from the Volgenau School of Engineering, spent the summer working on a toy bear that is also a computer game controller. Designed for children with autism, the plush bear answers several needs across the autism spectrum. For instance, a plush animal is easier for some to hold for longer periods of time than a controller, and those with motor-control issues find the buttons easier to use than a track ball or keyboard.
The bear is named Computer Assisted Device Input Bear, CADI for short, and pronounced “Caddy.” It’s still in the prototype stage, but with the help of the School of Business’ Mason Innovation Lab and the Lab for IT Entrepreneurship, the bear is coming out of hibernation and making the rounds as Garrett meets those in the business of creating businesses for those with special needs.
David J. Miller:
Nice post that highlights the shift in thinking that #customer development / #lean startup demands. Also need Jason Force of EcowMowtech to read this story.
Originally posted on Steve Blank:
“You cannot teach a man anything, you can only help him find it within himself.”
One of the great things about teaching is that while some students pass by like mist in the night others remain connected forever. I get to watch them grow into their careers and cheer them on.
Its been three and a half years since I first designed and taught the Lean LaunchPad class and lots of water has gone under the bridge since then. I’ve taught hundreds of teams, the National Science Foundation Innovation Corps has taught close to 400 teams led by our nations top scientists, and the class is being taught around the world.
But I still remember a team from the first class, one which wanted to build a robotic lawnmower. It’s now been over 3 years since the team has left my classroom and I thought I’d share with you…
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Been awhile lots of research and busy with new opportunities at George Mason Universities. The Campus is indeed the frontier. Three items from the frontier…
University of Chicago Booth School high growth startup GrubHub has filed for an IPO. From winning the Edward L. Kaplan New Venture Challenge to raising millions in venture capital, Matt Maloney‘s startup has been on the move.
Big celebrations in Chicago and at 1871 as a student startup from Illinois State, Packback Books, appeared on Shark Tank last week. They closed a deal with Mark Cuban. The company, founded Kasey Gandham, Mike Shannon and Nick Currier offers short term, pay per use digital textbook rentals. Kind of like renting a movie from itunes etc. Big changes in #highered #textbook market!
My dissertation, The Campus as Frontier for Entrepreneurship: High Growth Student Startups at U.S. Universities, will be completed in April 2014. The dissertation will include a case study, a database of high growth student entrepreneurs, their firms, and universities. Additionally, the work will propose 5 archetypes of high growth student entrepreneurs and will suggest a frontier framework for evaluating U.S. higher education and its value. I look forward to sharing this work as I complete by PhD from GMU’s SPP.
Posted in American Exceptionalism, Campus Eco-System, Disruption in Higher Education, Frederick Jackson Turner, Frontier Thesis, Research
Tagged entrepreneurship, GrubHub, IPO, Packback Books, Shark Tank, startups