Great readings for the week :)
The Harvard Innovation Lab in Allston has been home to 84 startups run by students and recent grads this summer; they call it the Venture Incubation Program.
And ten of the companies that have been making the most progress (while
the rest of us have been working on our tans) gave short demos
yesterday afternoon. These were the five that struck me as worth having
on your radar screen…
• Altadu Biosciences is working
on a $99 diagnostic test that can help doctors determine what drug
regimen will be most effective for a person suffering from HIV. They can
use existing qPCR machines, which amplify DNA, and deliver results in about five hours. The company won the grand prize
at a Health & Life Sciences Challenge at Harvard earlier this year,
and plans to start pilot tests soon in Botswana and South Africa.
• Experfy has already built an
online marketplace of 550 data scientists willing to take on freelance
projects. Today’s options for finding someone to handle an project that
involves slicing, dicing, and analyzing a large data set involves either
searching on LinkedIn, using a “generic” freelance marketplace like
oDesk or Elance, or hiring a consulting firm. Experfy makes available
MIT professors and former Google employees willing to do some work on
the side, at hourly rates, and handles payment.
• Villy wants to help you find and
book the best hotels to stay in when you travel, based on your
interests: Is shopping your top priority, or visiting museums? The site
is already live, but they’ll have ten cities up by next month, and
they’re working with the organizers of big conferences to promote Villy
to their attendees.
• LifeGuides is building a
digital self-help library for millennials. The content is created by
“been there, done that” mentors, and tackles questions like “Should I
learn to code?”, “Should I get an MBA?”, or “Should I stay in the
military or get out?”
• Seratis co-founder Divya Dhar
gave the best presentation of the afternoon, arguing that it’s time to
give doctors a more sophisticated communication tool than a pager. The
company is developing a secure and HIPAA-compliant mobile app that will
let doctors and nurses communicate more easily with their colleagues who
on a particular patient’s care team, and manage hand-offs when one
shift ends and another begins. (BetaBoston’s Kyle Alspach wrote about the company back in June.) Seratis has been through the Dreamit Health accelerator program, won $850,000 from Verizon, and is currently conducting several pilots in Pennsylvania, Texas, and Brazil.\
The five other startups that presented were YouFly (drone retailer and manufacturer), Agora (online town hall), CommonLit (online resource for middle school teachers to help improve students’ reading proficiency), Potluck Energy (community solar), and Six Foods, which closed the afternoon with a rap about the merits of using insect protein in food.
Almost every entrepreneur is self-taught. We see a problem and create a
business around fixing the problem. Entrepreneurs are the ones who have a
vision and work endlessly to manifest it.
Entrepreneurs teach themselves anything they need to succeed. You may
not know how to code, market, draw, develop, outsource or export but
the one trait we all share is we can teach ourselves.
A few examples of
entrepreneurs who have taught themselves the necessary skills to succeed
include:
Will Caldwell, founder of Dizzle.com. Two years
after graduating from the University of San Diego, Caldwell launched
Dizzle, an app that generates word-of-mouth leads for Realtors. He told
me Dizzle started while he was still in college. At the time, he didn’t
know how to code but spent more time in the library learning how to
develop apps than he studying for his classes.
By the end of his college career Caldwell could churn out a
personalized mobile real estate app in under five minutes. Caldwell
wasn’t a computer science major but he did have a vision for Dizzle.
Kevin Newburg, founder of Brewcutlery.com. Newburg
created Brew Cutlery after seeing a gap in the craft brewery
market. “There were a ton of craft breweries popping up in San Diego
that also served food so I thought why not combine a bottle opener with
utensils,” he said.
He started without knowing how to develop the computer aided designs
needed for production but, after a few late nights, he had taught
himself how to create the CADs. Brew Cutlery was born from Newburg’s
ability to teach himself engineering skills.
Nick Ramil, founder of RoyalAmericanWines.com. Ramil
first went to China six years ago without knowing anything about
importing. He knew he wanted to do more than just teach English, so he
started learning everything he could about selling products in China. He
landed on wine because the growing community of wealthy Chinese enjoyed
wine, yet the market was lightly tapped.
Ramil pushed to get meetings with importers, distributors and sales
representatives so he could learn the ins-and-outs of bringing a product
to China. Royal American Wines is now among the biggest wine brokers in
China.
Caldwell, Newburg and Ramil each taught himself the skills needed to
make their business a success. If you’re looking to learn in order to
chase your vision, a good starting point is the Internet. Nowadays, you
can learn almost anything online—whether it be coding from
codeacademy.com or a simple Youtube video on how to draw a computer
aided design.
Another way to learn is from the people around you. Start surrounding
yourself with influencers in your industry. Reach out to other
entrepreneurs to learn how they started and grew their business.
You have the ability to teach yourself anything. Figure out the
skills you need to launch your business and start learning. You never
know what you’re capable of until you try!
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