Global Entrepreneurship Week: "Unleash Your Ideas"

The 2nd annual Global Entrepreneurship Week was launched yesterday:

"From November 16-22, Global Entrepreneurship Week (GEW) will connect young people everywhere through local, national, and global activities designed to help them explore their potential as self-starters and innovators. Students, educators, entrepreneurs, business leaders, employees, non-profit leaders, government officials and many others will participate in a range of activities, from online to face-to-face, and from large-scale competitions and events to intimate networking gatherings."

GEW has four goals (from their web site):

* Inspire. We introduce entrepreneurship to young people under the age of thirty who otherwise might not have considered it as a career path.
* Connect. We network young people and organisations across national boundaries to discover new ideas at the intersection of cultures and disciplines.
* Mentor. We enlist active and inspiring entrepreneurs around the world to coach and mentor the next generation of enterprise talent as they pursue their dreams.
* Engage. We demonstrate to opinion leaders and policymakers how entrepreneurship is central to a nation's economic health and culture, and give them the opportunity to learn about each other's entrepreneurial policies and practices.

Pretty cool goals, if you ask me.

Here's a 5-minute video about Global Entrepreneurship Week:



Of particular interest to readers of the green skeptic is the Global Cleantech Open competition, which solicited ideas from around the world, "anything from revolutionary ways to generate clean energy, to better ways to filter water, to ideas about how governmental policies around climate change can foster new businesses."

Winners will be announced tonight at a gala reception in San Francisco: Gala

There are many events around the world marking Global Entrepreneurship Week, and other events that are happening coincidentally, such a Philly Startup Leaders' 2nd annual Founder Factory, which takes place on Thursday, November 19th at World Cafe Live.

The Founder Factory was created by Philly Startup Leaders to help foster growth of an ecosystem of entrepreneurs, mentors, angels, VCs, students, schools, and government groups in the Philadelphia area.

This week it's all about unleashing ideas.

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On Panic and an Opportunity in the Midst of Crisis

"Can't you understand what's happening here?" George Bailey says in "It's a Wonderful Life," as the crowd gathers in the Bailey Brothers Building and Loan to make a run on their accounts.

"Don't you see what's happening? Potter isn't selling. Potter's buying! And why? Because we're panicky and he's not. That's why. He's pickin' up some bargains. Now, we can get through this thing all right. We've, we've got to stick together, though. We've got to have faith in each other."

The scene ends with the financial wizards of the BBB&L toasting the last two dollars they have before closing time. Hope springs eternal, even in the worst of times.

I kept thinking of that scene during the past few weeks and, while there are comparisons to that earlier era, the "Debtpression" is different from the Depression. And while the seemingly socialist tools of nationalizing banks and credit institutions seems like a "New Deal," I don't think it is the answer and may end up being a raw deal.

We need to rethink the whole premise of our economy and of what growth looks like, and what our country is built upon. For far too long, our economy has been built on unsustainable growth, and greed.

When housing starts are the bell-weather of growth and consumption fuels the GDP, what do we expect? What do you do when new housing slows down? Make loans more available to those who can't really afford the mortgage you're selling. And extend their credit so they can buy more things to fill up those houses. How long could that have gone on?

We need to rethink the foundational elements of our growth. Why can't growth be equivalent to healthy communities, to greater efficiency, and improved and better uses of existing infrastructure? Why can't our economy be built on sustainable innovations?

Fred Wilson of Union Square Ventures and author of the popular blog, A VC, wrote today about the effects of the economic downturn on his portfolio companies. And (pardon me Fred if I've misinterpreted) it seems that he actually finds opportunity for these companies in the challenging times we're facing.

He writes, "Much has been written about how the 'nuclear winter' of 2001-2003 led to many of the innovations we've been tapping into since. Clearly the capital efficiency revolution was fanned in the nuclear winter. When capital is scarce, smart people figure out how to do more with less. So first and foremost, let's all take advantage of this capital efficiency to get our costs down and build businesses with even more operating leverage. And hopefully there are new tricks out there that we can use to get even more capital efficient."

Gregor Macdonald, an oil analyst and energy sector investor, who also focuses on the coming transition to alternatives, seems to share this view of a leaner, more efficient financial engine.

"What’s needed now is a flowering of smaller investment banks and private equity, to fund the next wave," he writes on his blog Gregor.us. "The financial landscape should become 6 inches high, and 3000 miles wide. We are going to have to cut in the opposite direction, from the current consolidation in US banking. And it will take time. But I think what the country needs is to see a lively investment community in all major cities. Not just New York and Silicon Valley."

Greater capital efficiency and more dispersed investment community. Lean business models and more operating leverage. Sounds more sustainable.

I can't help thinking that out of this crisis -- if we can avoid the noise and abject panic -- can come a new path; a second chance, really. A path that is fundamentally about triple-bottom value creation, where profits are good, but so is people and the planet.

And I keep thinking, as I know Gregor does, that the three areas crying out for investment and that could provide a foundation for a new economy are energy, infrastructure, and new financial service models. Really, a new green economy.

"We invested in the wrong things," Gregor writes. "We invested in the wrong infrastructure. We invested in things that are now paying us little, in the way of return. I’m certain a new era dawns for energy and finance. The investment failures of this decade have likely made the ground fertile, to make it happen."

So, I'm trying to pay attention to a different kind of noise right now -- although it has been tough. It's a bunch of conversations, dialogues, monologues, and even rants by people a lot smarter than me in this arena. It's happening in a community that has a gathered on services like Twitter and StockTwits and Disqus. And it's a more hopeful noise. Concerned, yes, but already beginning to think about what happens post-panic.

As Andy Swan put it in his blog tonight, starting to move from despair to opportunity:

Despair : Opportunity

Fully Invested : Cash Heavy
Short Term : Long Term
Employee : Entrepreneur
Noise : Vision

STOP leveraging your bottom-calls.
STOP thinking in terms of next week or next month.
STOP just being an employee.
STOP listening to the noise.

START raising money.
START thinking about 2012
START thinking (and working) like you own the place

START FOCUSING.

To which, I can only reply (and did), "Amen, brother."

We can get through this thing all right, as George Bailey told the investors of BBB&L. We've, we've got to stick together, though, have faith in each other, and stay focused on a vision and a plan for 2012.

Career-Man vs. Entrepreneur-Man, a personal dilemma

Image via Wikipedia Today is the first day of the rest of my life.

Okay, that's a bit dramatic. But, really, it is the first day of the next phase on my path, which I see as more of a bend in the boardwalk than a fork in the trail.

My path began in publishing. I worked as a scout for an international agency and as an editor at Viking/Penguin, but prior to that I founded Rockstop! Magazine, back in the early 80s.

I have always started things. As a media entrepreneur, I was one of the founders of the web-based literary journal Ducky Magazine and founded this web log in 2004.

But for the past 16 years I have been basically a company man, most of that time with The Nature Conservancy, where I held various management positions and, most recently, with Ashoka, the global association of leading social entrepreneurs.

Part of what attracted me to Ashoka was the opportunity to meet social entrepreneurs around the world who were developing business models -- some non-profit and some for-profit -- with the goal of changing the world, flipping a system, or addressing a market failure.

What interested Ashoka in me was my combination of expertise and entrepreneurship. Well, the entrepreneurial itch overtook me recently and I've now left Ashoka to scratch it.

I'm developing a green energy investing platform to reduce the barriers to entry for small retail investors who want to catch the wave of the new green economy. It's in the very nascent stages and probably too premature to talk about, which is both exciting and daunting.

Daunting because the "Career-Man" in me is struggling mightily with this new phase, with his alter ego "Entrepreneur-Man."

You see, I've always created things on the side. Now I'm starting from scratch and spending more time on it than just nights and weekends.

Career-Man excels at crafting a vision, building teams, and management, and he's a pretty good at marketing and raising money. Entrepreneur-Man loves starting things.

But this start-up stuff has got Career-Man all tied up in knots. He's used to having the framework in which to operate, while Entrepreneur-Man likes to build an entirely new framework. Therein lays the struggle.

I tweeted about this earlier today, which generated a few comments from followers and friends.

One wrote, "As a note of encouragement, a job is one thing, your work is another. Now you simply have more ability to focus your energies without navigating so many distractions."

Another wrote, "When you figure out how to keep Career-Man at bay, let me know!"

And finally, another friend was reminded of one excellent line in an otherwise forgettable Tommy Lee Jones-Cate Blanchett film, "The Missing."

In the film, Blanchett plays a young woman alone in the wilderness, who must reunite with her estranged father (Jones) to track the mystical, psychopathic killer known as Chidin (Eric Schweig). Chidin and his brutal pack of army deserters have kidnapped a collection of teenage girls, and have taken Maggie's daughter (Evan Rachel Wood) as their most recent prize.

My friend wrote, Jones' "nemesis says something like, 'The wolf and the good dog within you fight. I wonder which one will win.'"

To which Jones replies, "Whichever one I feed the most."

I must keep feeding the Entrepreneur-Man, because a job is one thing, and my work is something completely different. No doubt the path will be bumpy, but the rewards will be the journey.