Entradas Etiquetadas con ‘IE Brown’

14
Jul

Building scalable technology startups

Escrito el 14 julio 2014 por Alumni en Alumni stories

by Samir Rath, FinTech Entrepreneur, Angel Investor. IE Brown alum class of 2013. Co- author of No Startup Hipsters: Build Scalable Technology Companies.

9022527137_30e74c6265The survival statistic of one out of ten technology startups making it has always bothered me. And this number gets much worse outside of established hubs like the United States, Canada and Israel. What this translates to for me, is that a lot of talented professionals spend the better part of three to five years living on minimum wages and sacrificing their personal lives but finishing up with only huge lost opportunities. My co-author arrived at the situation from a different history but similar motivations. After working in technology transfer for almost a decade, supporting commercialization efforts of inventors and smaller technology companies of Bulgaria, she was confounded by the low rates of success achieved. She tried quite hard to figure out the contributing factors and see patterns, but failure seemed inevitable regardless of innovativeness, size and resources of the firms or tenacity of the inventors.

For the last three years we have been working on this problem through mentoring more than 50 startups from over 20 countries, both developed and emerging. The business models have spanned everything from cutting edge technology to provision of basic amenities. We found something broken in the formal ecosystem for innovation. A very linear process is being advocated to most entrepreneurs from the startup ecosystem – Pick the right team; quickly cobble together a minimum viable product; use customer feedback to improve or drop the product and shift to something else. Addressing a cohort of startups at accelerator Y Combinator, Facebook founder Mark Zuckerberg said Youve decided you want to start a company, but you dont know what youre passionate about yet.

Instead of this ego driven I have a great idea approach, we feel the first step should be to properly understand the dimensions of the problem that we are passionate about and are trying to solve. During my IE Brown MBA program, together with learning about state of the art learning management strategies, we learnt a lot about capitalism and the true role of the entrepreneur in the society. An entrepreneur goes out to build a startup, works really hard on it every day, obsesses incessantly about the problem and probably makes almost nothing at the end of it all. But millions of people around the world will use his product or service to solve a real naggy problem and the world will be a slightly better place at the end of it all. This is the beauty of capitalism and the entrepreneurs drive of creative destruction. He progressively raises the living standards of the masses and makes the world a better place to be.

Based on this approach of solving real problems, we have created a curated path of decision frameworks in our recent book “No Startup Hipsters: Build Scalable Technology Companies” to help entrepreneurs find their own way bound by their constraints and enriched by their own context. It is not an easy feel-good read, but at the end of it, the reader will be provoked by very fundamental questions that will make the journey more impactful. We have made it available exclusively at La Tienda (IE Bookstore) from August as a physical copy. Otherwise it is available on Amazon. So, if something constantly bothers you, keeps you awake and you can’t help but think about it in the shower, while playing football, paragliding or chilling on the beach, go do something about it. The world might be a slightly better place for the sacrifices you are about to make and maybe it will give you back some. Best of Luck!

27
Jun

alumniWR1 New IE University undergrad alumni Last Friday 13th we celebrated the Welcome Reception for new alumni of IE University undergraduate programs. Alumni from last year were invited to welcome their new fellow alumni to the IE Alumni Community in a beautiful cocktail party in the Residence Courtyard in Segovia. Two IE University graduates where chosen by their classmates to talk in two of the most moving speeches we’ve seen at IE. Thanks to all of you that came to share this special occasion with all of us. Read further and see pictures.

 

 

I20140607_103911E-Brown Alumni Reunion: We had the privilege of receiving at IE a group of IE-Brown alumni in an Alumni Reunion that included both academic and networking activities, such as team building dynamics with Lego bricks by Macrina Busato, and a Creative Lab tour at Museo del Prado visiting its masterpieces with Professor Ian Gonsher from Brown University, followed by a barbecue at Serrano 99. IE- Brown alumni reps put a lot of effort into this first Reunion we hope to keep celebrating in the coming years. If you wish to celebrate your Intake’s Reunion contact us!

 

 

 

Special invitation to the Alumni Club Reps: Last week, a group of alumni that continuously collaborate with IE as Alumni Club Reps in various countries in Europe joined the group of International MBA students visiting the Ferrari Headquarters in Maranello, Italy. Using their own words It was an absolutely great experience!, An incredible opportunity and an amazing event. Alumni where happy to interact with current students both during the visit and the dinner organized the evening before the visit by the presidents of the IE Alumni Italy Club at the Milan Chapter. Remember you can join your nearest club by updating your data and contacting the Alumni Geographical club of your choice.

 

IML_6697 (2) Javier Reverte Journeys in Africa On June 23rd, writer and journalist Javier Reverte visited IE to talk about his Journeys in Africa, a special event by the IE Alumni Association and Nuba. The conference related to his numerous trips to the continent and especially to singular destinations such as Ethiopia and Tanzania, which he described as two of dazzling beauty. Read the dedicated post here.

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