The Young Entrepreneur in Millenia 2.0
With the rise of web 2.0, social networking and RSS feeds, there is a lot of noise out there in the marketing world. But how about marketing yourself?
I had the pleasure of speaking with Sumaya Kazi over the phone last weekend. Recognized as one of CNN’s Young People Who Rock last year, we spoke from our individual home offices—she in San Francisco East Bay and me in San Jose.
So how exactly does Sumaya rock? Nicknamed the “media maven” by Brass Magazine, she’s got the stuff to rival Mark Zuckerberg because she practically holds down three jobs as a social media manager at Sun Microsystems and the founder of two entrepreneurial ventures: The Cultural Connect and I Give a Damn! (IGAD) network. She is also incredibly smart: she can identify pressure points quickly and qualify questions to get her message across.
Sumaya has accurately identified two pressure points for young people in Silicon Valley and elsewhere. In Silicon Valley, entry-level jobs are hard to come by and with her website, The Cultural Connect, Sumaya pushed the envelope on entry-level jobs. Job titles don't faze her. Her belief is that it doesn’t matter how old or young you are, all it takes a little creativity and resource management.
Second, the need for role models and inspiration is fierce and The Cultural Connect inspires people to consider that young people (particularly those with hyphenated cultural backgrounds who aren’t as exposed in the media) have the tools and skill sets that they need to succeed. The Cultural Connect features five separate media outlets (DesiConnect, AsiaConnect, MidEast Connect, LatinConnect and AfricanaConnect) to showcase young professionals and encourages others to connect if they are interested in learning more about someone in their profession.
Sumaya may not think of herself as an entrepreneur, but she tells me that opportunities for business stem from complaints that people have. “If there is a problem and there’s an ability to fix a need, then you have a business.”
But while most people have one business, Sumaya is juggling three. What is her secret? Like Grégoire Gentil, she says it’s important to delegate.
Delegating tasks is key. It is what allows her to have time for friends and family, salsa dancing, and other activities that let her bring stress levels down. "The busier I get the more I would go out dancing."
She admits that juggling three businesses is tough, but she keeps going because it’s exciting to work with young people who are so inspired themselves. Some are recent college graduates and they are the people who make The Cultural Connect and IGAD network come alive.
In other words, young people aren't limited by the opportunities that are out there. All we have to do is open our eyes to the fact, create our own opportunities and chase after our dreams in a new way.
Friday, March 7, 2008
The Start-Up 101 Series: Sumaya Kazi
Thursday, February 21, 2008
The Start Up 101 Series - Zonbu
*I was going to post about revenue models today but I met with one of the co-founders of Zonbu today and could not resist posting this instead.*
Business is often an elusive practice. For some odd reason, some businesses succeed and others fail simply by trial and error. So is the term entrepreneurship, and so I should point out here that for all the academic theory and research surrounding this idea, it is those who have been able to embody the spirit of entrepreneurship who have been truly successful.
As for Grégoire Gentil, when I met him in his office on El Camino Real, it became evident that whatever the traits are for an entrepreneur, he is inexplicably an individual that embodies those traits not only in spirit but in action.
Gentil launched three businesses since 1996. In 2006, Gentil and his colleague Alain Rossman created Zonbu.
So what is Zonbu? The technology has the look and feel of the traditional desktop (for $99) or laptop (for $279) but isn't quite the desktop or laptop that we know. Aimed at casual laptop users, Zonbu provides an open source software where the computer is more of a portal to the data stored on a server somewhere rather than a computer.
In addition to that, most of the company's revenue comes from a subscription based service rather than the device itself--a type of HP printer model where the printer itself is a cheap base price, but you pay more for the print cartridges later.
Gentil, as a technology geek and avid trendwatcher, has been able to create what he calls a "disruptive technology"--the very thing that will keep away corporate giants like Dell and Microsoft from his market niche.
As a disruptive technology, it tends to just elusive enough for the corporate giants not to move into this space, and Gentil attributes this to defining a very clear and specific niche where larger players may not be able to support.
So how has Gentil been so successful at creating 4 start-ups to date? Gentil had no direct answer, except to say, "You have to be stubborn enough to believe in yourself and what you are doing, because others may not believe in what you are doing."
He has also been very good at simply identifying solid trends and opportunities. Zonbu is the intersection between cloud computing, sound hardware design and open source. It's an ambitious idea for sure, as he has also been able to integrate poignant environmental issues into the benefits of the technology.
For those of us who want to start a business, Gentil advises, "You have to start early." The older you are the less opportunity there is to succeed. My perception of this is that perhaps the more responsibilities and pressures there are to succeed. This is centrally against the principle that entrepreneurs must be able to pursue risk without boundaries because entrepreneurs risk failure just as much as success.
However it seems that Gentil's skill at identifying opportunities, "stubborn" nature and technology knowledge have contributed most to Gentil's success thus far.
In addition to that, it also helps if you "hire people who are smarter than you."
Tuesday, February 12, 2008
The Start Up 101 Series - The Opportunity
Last week, I posted a little bit about what makes an entrepreneur, and that's the drive to succeed, stay focused and know when you see a good opportunity.
There's a joke that I hear often in Silicon Valley that whenever someone says "I have a good idea," the common response is "You should start a company and get some VCs on that."
A lot of times they don't mean it and anyway, it never matters what your friends or family say if you have an entrepreneurial idea. The only exception to that rule is if your friends are in the market that you want to appeal to.
It's important to get it straight: opportunities and ideas are two different entities. An idea is something creative, fun and can certainly spark opportunities, but opportunities mean that you have something with which to create a business.
Here's an example:
At the Girl Geek Dinner hosted at Google, Katherine Barr of Mohr Davidow Ventures made a great suggestion to me. "If you think you have an opportunity, do some research first, test out your idea and ask them if they will buy your product or service."
Let's say I am a former veterinarian with lots of experience and I decide that I want to sell fancy, customized natural dog food diet because I find that it's easy to make at home in manageable batches in my home oven.
Will anyone buy it? If I do my research, I could go to a dog park and chat with the owners because that is where they all hang out and ask them, "I have this great customizable dog food product that is good for your dog, would you buy it?" It's best if I find places where dog fans, breeders, and owners hang out. Maybe at a dog park or a breeder's association gathering.
If I talk to one hundred people and they all say "yes, I would buy it" then I have an opportunity. If they all say no, then I have a great idea but no opportunity. Maybe you have an 80 out of 100, then your chances are still high.
Basic, but hard to put into practice. Next week, we'll talk about risk and revenue models specific to Web 2.0
