Real Leaders and Inspiration: Takeaways From Entrepreneurship @ Cornell #ESHIP15

Real Leaders and Inspiration: Takeaways From Entrepreneurship @ Cornell #ESHIP15

Cornell ESHIP cover photo

I had the opportunity to participate in Entrepreneurship @ Cornell last week. Besides it being enjoyable to get back to campus after a 15-year hiatus, I left feeling inspired by the people I met. This included my fellow speakers, attendees, the faculty and most importantly the Cornell students. Anyone worried about the state of America today and the next generation of leaders need only spend a week like mine to gain a renewed sense of optimism. More than anything, the drive to create new enterprises to solve new and old problems with innovative approaches and the sense that “no one can stop me” I got from so many individuals was gratifying. Cornell seems to be doing a better job than most university systems in coordinating across the various schools to support and encourage entrepreneurship. As Director of Entrepreneurship @ Cornell, Zach Shulman said, “I have 13 bosses. I report to all 13 Deans and they all support our activities.” The ability to cut across schools as diverse as Agricultural, Business, Hotel, Engineering, Industrial & Labor Relations, Law and support would be entrepreneurs regardless of their chosen field is powerful.

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Jay Walker ‘77, a keynote and founder of Priceline.com and Walker Digital put the entrepreneurial bug in perspective by calling it a “disease”. Do you have it? If you do, you can’t get rid of it. He also made a great point that you don’t build a company with a group of people who ALL have the disease. That would not be successful. You need a team that can build processes, and get things done. That certainly fits my experience. As I said to some of the classes, we are glorifying the entrepreneur this week and it is a great thing. However, one does not build a business with all entrepreneurs. One builds a business with a team of people with complimentary skills and ability to execute. Every visionary who can articulate the future and see what no one else sees, needs someone pulling back asking the questions: that sounds great, but how do we DO that? What needs to be in place to make it work? What about these problems?   One must have a balance and the how do you actually do what is being proposed way of thinking is critical.

Jay Walker @Cornell IMG_5313 Mayor Svante Myrick twitter exchange

Jay went on to identify 10 ‘superforces’ – Jay Walker shares 10 ‘superforces’ of the business future. At the opening night banquet, the superstar Mayor of Ithaca, Svante Myrick addressed the group. Mayor Myrick is truly a remarkable leader. He called all entrepreneurs the “annoying” people without whom, nothing would change. When I commented to Jay Walker that I’d like to see Mayor Myrick in higher office, he said something with which I immediately agreed… “We need fresh leadership doing good things at the local level. Let him do that now.” In the excitement for how good I think he is and his potential on a larger stage, its easy to forget that we need a whole bunch of Svante Myricks doing exactly what he is doing locally in this country. The Mayor and I got into a little twitter exchange after his talk above.

Tech Entrepreneurship Roundtable Prgm image IMG_5281IMG_5320IMG_5284 Smoke at Cornell - Hosp Roundtable

Leading into the celebration, I had the privilege of participating on the CHR Technology Entrepreneurship Roundtable at the Cornell Hotel School. This roundtable was of the highest caliber and I really enjoyed learning from and debating the latest developments in hospitality and how technology is affecting everyone’s businesses.   There are several people I met through the roundtable with whom I will remain friends far into the future. I presented the case for why today is better than any other time for new brands to reach their audience, which led the group to a discussion of the asynchronistic nature of startup/new brands vs large established brands. This applies to hotels and to beverage brands. The bottom line is using today’s technology, a new brand can communicate with its core following or “Tribe” directly, something that in the past was nearly impossible or cost prohibitive to do. Larger established brands have a much harder time competing at that level and by their very definition, cannot micro market as easily.

I also really enjoyed sharing stories of our entrepreneurial journey on the CEN panel on Friday with Panelists:
Jamey Edwards ’96, MBA ’03, CEO, Emergent Medical Associates
Carl Forsythe MBA ’82, President & CEO, Globe Composite Solutions
Smoke Wallin ‘88, CEO, Taliera

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Jamey and Carl both brought great perspectives as we took turns telling stories and engaging with the audience.

The Pillsbury Institute for Hospitality Entrepreneurship hosted two panel/socials that promoted a group of entrepreneurs interacting with students. Both of these were a lot of fun as I enjoyed the panels and students!

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Finally, I’ve had a half dozen follow up calls and discussions with student entrepreneurs since last week. These folks are pushing ahead with their various new ventures and represent the future of our country. I am pleased that I can play a small role in giving them input/guidance on their respective journeys.

 

Cheers

Smoke

 

My Week of Leadership & Entrepreneurship @ Cornell and WSWA

My Week of Leadership & Entrepreneurship @ Cornell and WSWA

Celebration 15 logo

I’m really looking forward to next week’s Entrepreneurship @ Cornell University! The energy building up to this is incredible as I’ve begun to interact with my fellow speakers and attendees.

Right now I’m thinking about my topics and the most important take home value I can deliver to the students, entrepreneurs and attendees.

Before I get to Ithaca, I’m attending the 72nd Annual Wine & Spirits Wholesalers of America (WSWA) convention in Orlando, FL.  Since I’m launching a new brand project, it will give me an opportunity to further discuss packaging, branding, sourcing and overall strategy with some of the brightest leaders in the industry.  Last year at WSWA I kicked off the pre-launch of Sugar Skull Rum.

This is a cool brand that unfortunately got stopped in its tracks by certain partners before we could get beyond kickoff in a few markets.  Time will tell where it ends up, but the early response was terrific!  There are lessons in this one I will certainly share at Cornell.

Finally, although I rooted for Wisconsin at the Final NCAA game last week, I am looking forward to hearing Mike Krzyzewski- better known as “Coach K“- head of the legendary Duke University Blue Devils basketball squad, address our group on Monday morning.  Not a Duke fan generally, but definitely hold Coach K in high regard and interested in his message on leadership and winning.

Here’s an outline of my upcoming Cornell visit:Tech Entrepreneurship Roundtable Prgm image

Tuesday/Wednesday – participate in and speak at the Pillsbury Institute’s

Technology Entrepreneurship Roundtable, Chaired by: Mona Anita Olsen, Ph.D. Assistant Academic Director of The Leland C. and Mary M. Pillsbury Institute for Hospitality Entrepreneurship, Visiting Assistant Professor of Management & Organizational Behavior, Cornell University

Center for Hospitality Res - Cornell

Mona Anita Olsen

I’m looking forward to my session with  Cornell classmate Joe Tagliente, President, Lenrock and a fellow YPO’r.  Our panel is called “Brand Activation Through Social & Mobile Apps and Development of A Social Mobile Company” The full program is here.

It will be catching up with fraternity brother (Sigma Nu)  Zach Shulman, who I found out after committing to my visit is Director of Entrepreneurship @Cornell!  Very cool!

Thursday/Friday are jam packed with the Entrepreneurship @Cornell Celebration.

 

In this I’m joining more than 1,000 alumni, students, faculty, and staff for two days of on-campus events including:

  • Symposia on a wide range of topics including family business, social entrepreneurship, health administration and more!
  • eLab Demo Day
  • New Business & Emerging Technologies Showcase
  • BIG Idea Competition and Cornell Venture Challenge finals
  • Recognition of the Student Business of the Year
  • Networking opportunities …and more!

    Celebration 15 logo

I have the opportunity to speak with Dr. Olsen’s class called:

Technology for Bootstrapped Entrepreneurship

a topic with which I am intimately familiar!

Following class, I’m participating on a panel of distinguished entrepreneurs in what is dubbed a

Slice of Insight Social at Celebration ’15

The the rest of the day includes a keynote by Jay Walker (one of America’s best-known business inventors and entrepreneurs, has founded multiple successful startup companies that today serve more than 75 million customers in 15 different industries) and the banquet with special guest Svante Myrick ’09, Ithaca Mayor

On Friday I’m joining two other entrepreneurs in a celebration talk:

CEN talk Cornell panel

In between all this I’m visiting the Viticulture and Oenology department, with Prof. Gavin Sacks to learn about what Cornell is up to in the wine world and also to see what we can do to tie them into our 11th Annual Wine Industry Technology Symposium (WITS) in Napa in June.

Finally, I’m paying a visit to the Friedman Wrestling center and Coach Rob Koll,  4 X NCAA champion Kyle Dake and first time champion Gabe Dean…  and later meeting up with my old wrestling coach and Athletic Director, Andy Noel... this will entail its own post after we meet up!

I look forward to writing about my experiences and all the interaction with new and old friends!  Cheers!

 

 

 

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