Stories of elevators into the sky have circulated for decades, now Thoth Technology has received a patent for an 12 mile high inflatable elevator/tower with a launchpad at the top. The idea being it will be easier and cheaper to launch from so high above ground. Its just a patent, but who doesn’t love big ideas? From Techcrunch…
Lucky enough to do a fun interview on entrepreneurship and innovation with Julie Wright on Let’s Talk Live (News Channel and WJLA-ABC7)
David J. Miller:
Really interesting article from Fortune on John Mackey, Founder and CEO of Whole Foods. Great depth to his approach to business and impact. Will have to order his book and see what kind of material we should be sharing with our students, alumni and broader community around @georgemasonu and the #DMV. Let us know what you think.
Originally posted on Fortune:
A few years ago Whole Foods Market decided that organic food didn’t go far enough. Never mind that organic is the upscale supermarket’s largest product category, accounting for 25,000 items on its shelves. Never mind that co-CEO and co-founder John Mackey is almost surely the individual most associated with today’s organic movement and most responsible for taking it mainstream.
In Mackey’s view, organic had grown stale. Its guidelines prohibit the use of synthetic fertilizers and pesticides, which is a good thing, he says. But they don’t address all the burgeoning issues—from excessive water usage to the treatment of migrant laborers—facing agriculture today. And once farmers are certified as organic, Mackey believes they have little incentive to improve their practices. “Organic is a great system, but it’s not a complete solution,” he says. “We feel like Whole Foods should take a leadership role in this. Who else is going to do…
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Alibaba founder Jack Ma bought 28,000 acres of forestland in the Adirondacks for conservation purposes… While billionaire founders and CEOs conserving land in NY is not new, the fact that a Chinese innovators is there too is interesting. Read the story about Jack and his $23 million dollar buy.
Warby Parker, the hip, social impact oriented eye glass firm founded by Wharton
Ripley’s Believe It or Not! Cartoon of the day 6/26/15.
students has partnered with New York City Public Schools and will provide up to 20,000 pairs of glasses to kids in need.
GMU’s Seth Robertson and Viet Tran were feature in Ripley’s Believe It Or Not Cartoon of the Day for their Wave Extinguisher — it puts out fire with sound waves!
We love Parrot drones at Mason — they are fun for students to learn on. The company announced 13 new drones this week for less than $189! One with a Lego attachment!
Commonbond, an innovative student loan company started at Wharton in 2012, sold its first bonds to Wall Street investors. By targeting specific students and graduates (originally Wharton grads), the firm offers lower rates to lender and loan products with specific attributes to investors.
Posted in American Exceptionalism, Campus Eco-System, Entrepreneur Profiles, General Thoughts, Students
Tagged Adirondacks, drones, entrepreneurship, George Mason University, Jack Ma, Ripley's Believe It or Not!, student startups, Wave Extinguisher, Wharton
Was fortunate to have one of our GMU School of Business supporters send us a really strong piece by Peter Thiel at The Intercollegiate Review on being true to oneself and your own vision of truth/value rather than that of those around you.
The article is a strong indictment of conformity and mediocrity across a whole host of areas — both micro and societal — and the dangers it presents. Good read for students and others trying recharge and find a truer, self-defined path. (Hint of Earl Nightingale in the article — wonder if Thiel is familiar with The Strangest Secret)
A few strong excerpts,
This is, I think, the big problem with competition: it focuses us on the people around us, and while we get better at the things we’re competing on, we lose sight of anything that’s important, or transcendent, or truly meaningful in our world.
The problem is not one of brainpower: we are talking about fiercely intelligent people with degrees from the nation’s most prestigious institutions. No, the real problem is conformity, a fear of stepping outside the bounds. This is the issue I had to confront in myself when, after years of competing, I achieved my goal of working at a major law firm—and realized it was the last thing I wanted.
This problem of conformity runs deep. Already in the time of Shakespeare the word ape meant both a primate and to imitate. The Aristotelian concept of biology held that man differed from the other animals in his greater aptitude for imitation. This is how we learn language as children: we imitate. This is how culture gets transmitted. But imitation can also go badly wrong. It leads to crazed peer pressure; it leads to the various insane bubbles our society has experienced. If there’s going to be progress, if there’s going to be new thinking in any direction, it requires something very different.
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.’
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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