Of Closets and Entrepreneurs
Come out, come out, where ever you are. That’s the advise Ken Morse had to give to in-the-closet entrepreneurs at the OPEN conference in MIT. “Just do it”, is the wisdom shared by Mr. Morse, co-founder of 3Com, serial entrepreneur, and of course, the Managing Director of the Entrepreneurship Center at MIT. Ken Morse, with his usual, straight-faced humor, motivated and mentored at the same time. The central theme of his presentation was the work he is doing with the Pakistani government to promote entrepreneurship in Pakistan. A lot of cool things are coming up, like a Center of Entrepreneurship at IBA for which MIT and a consultant hired by USAID have laid down the structure and a “complete actionable plan”. I guess its up to IBA, and the Pakistani business community to make it happen now.
What Ken and Peter, the USAID consultant, had to say about entrepreneurship in Pakistan only re-validates what we have been seeing as students and professionals in Pakistan: The youth is a lot more entrepreneurial than the preceding generation. Most students in Pakistan who interacted with Ken and Peter, wanted to setup their own shop after working in the corporate world for a few years. The real question, however, is: How many will actually take the plunge? Not many, I suspect. But its encouraging that they’re thinking about it at least.
On the subject of young entrepreneurs, Ken expressed his disdain for kids straight out of college who set out to create the next Google. He feels that to create a real business, a sustainable success, an entrepreneur needs to be experienced and mature. Interesting advice from someone who started his first company straight out of MIT, and incidentally created the IP networking industry in its making. I do see the value in his advise though, getting the right experience can drastically improve chances of success, as you get to see the world in real Machiavellian terms, and learn how to deal with it. No school in the word teaches you that. Not even HBS and Sloan.
Ken’s presentation was followed by a talk by Umair Khan of Clickmarks fame. He had some counter-intuitive things to say. As you know, I love anything contrarian. More on his talk later.
Tags:
13. April 2007 at 17:56
Paul Graham thinks that the way to get experience is to live it, fail (most likely), and then do it better – an interesting take from an experienced voice: http://www.paulgraham.com/notnot.html
14. April 2007 at 02:05
Sarah, thanks for commenting on the blog. I’m a fan of Paul Graham, in fact, I was trying to get him to speak at Duke, but I guess the West coast is a long way.
About young professionals giving entrepreneurship a shot, I’m totally for it, and Paul’s article strongly resonates with me, however, recently, I’ve been coming across examples where large companies, while claiming to be “entrepreneurial” just do not hire top notch candidates who are young, and are coming out of a failed venture. I think re-employability is serious concern that Paul doesn’t address.
3. May 2007 at 02:37
[...] This is the long promised second part of my post on the OPEN Seminar at MIT. [...]
14. September 2007 at 01:00
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4. October 2007 at 18:11
I’ve got an Amazon gift certificate burning holes in my pocket,
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5. October 2007 at 14:21
There’s one special secret Sale link on Amazon:
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This is open every Friday and ONLY on Fridays!
You can find very good discounts here, although some Fridays you can really get
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21. October 2007 at 17:04
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23. October 2007 at 18:36
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24. October 2007 at 16:37
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29. October 2007 at 08:29
What is the big deal with these Zwinkys? I don’t know why, but people are going crazy over these things! will some zwinky lover please step and to explain what we’re
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Thanks
27. November 2007 at 07:16
Hello
Here’s a quick video I created to show off the Dervish’s dance from the guildwars nightfall party.
The dance the Dervish does is the same one that Christoper Walken did in the clip for Fatboy Slims’ – Weapon of choice music video (hence the music used)
Post your comments please
Mine
youtube.com/watch?v=j_aONMdkzxU
Original for those that may not have seen it
youtube.com/watch?v=0WW8flwpH-Q
27. November 2007 at 16:04
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10. January 2008 at 06:46
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28. March 2008 at 09:24
Do you know if some company use the same marketing concept as Webkinz?
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6. February 2009 at 17:18
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15. February 2009 at 05:45
Hello.
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17. February 2009 at 11:25
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????? ??????? ?????????? ?????? ????????? 1 ????? ??????????-????????? ????? ? 9 ?????????? ?? ????????? ????????????? ???? ?????????? ??????? ?? ???????? ?????????? ????????????? ??????? ?.?. ???????.
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????? ????, ??? ?????????? ????????? ?? ? ?????????? ???????? ??????????, ? ????? ? ???????? ? ?????????? ???????????? ????????????????
23. February 2009 at 03:52
???? ????????? ??????? ? ???? ???????? ??? ???????????? ???????? “Badabam” ? 2004 ????. ?? ?????????? ???????????????? ????????? ??????? ? ????????? ???????? – Yandex (yandex), ???????, ????, Mail.Ru. ? ??????????? ?????? ?? ?????????? ???? “???????????” ??????? ????????? ??????? ? ???????????. ????? ??? ????? ????, ???????, ????????? ????? ? ??????????? ?????????? – ??????? ? ?????? ?????? 517-23-23!
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madafakerimpresarionte
10. March 2009 at 13:32
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5. April 2009 at 06:34
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27. May 2009 at 18:52
You guy’s heard it’s some accident happened in Mike Tyson family pure guy, his so great and popular , even he do a lot of crazy things he didn’t deserve it . I’m a big fan of his – we should pray for him.
30. May 2009 at 13:28
I lost my job right on my birthday with a greeting card. I heard about people loosingt they jobs – but I didn’t think it’s going to happened with me. I start looking for a new job. I got some money for now and I pretty good worker so I don’t think that going to be a big problem. I got couple offers so I think Life come back in shape.
21. June 2009 at 14:37
I saw that Casey Fronczek is offering fishing trips now down in south Florida. Does anybody have any input on these trips or has anyone been on one of these trips before?
16. March 2010 at 13:09
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