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David C. Bloom's industry-keynote address from the 2008 Michigan Oracle User Summit
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Entrepreneurialism 3.0:The Network Is The Corporation
David C. BloomFactotem Inc
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Agenda
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• Release Notes
• Entrepreneurship
• Report Card
• Flatteners
• Networks
• About Spark
Release Notes
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• Entrepreneur v2.0:“Network the Corporation”• Value Chains / Value Webs
• JV’s, Licensing, Outsourcing
• Entrepreneur v3.0:“Remove the Corporation”• Talent trumps Capital
• Singles, not Dingers
• Cluster Economics
• Entrepreneur v1.0:“Build the Corporation”• Legal entity, limited liability
• Issue Shares to Stakeholders
• Sustainable Value Proposition
Test your Entrepreneurialshipitudenessity
• Name three hot new businesses in your community.
• Tell your friends, “Hey, I’m starting my own business.”
• Tell your parents.
• Your company closes. Now what?
• You have to sit through some boring economic development presentation with words like Entrepreneurialshipitudenessity.
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• Employees are Contractors
• Products are Services
• Vendors are Partners
• (This is the only slide that really matters. If you have to go out in the hall to make an important call, you can leave now.)
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Reality
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Attributes
Entrepreneurial Report Card
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• Technology
• Talent
• Capital
• Infrastructure
• Culture
Technology
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• 1998: B
• 2008: A
• Progress with U-M Technology Transfer
• Named one of the 10 Best Communities for Innovation
Talent
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• 1998: D
• 2008: C
• Management Talent lags Scientific Talent
• Innovation is a Team Sport, not a game for Individual Contributers
Capital
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• 1998: D
• 2008: C
• Ranking improved!Was #37/50 statesNow #20/50 states
• Pre-Seed, A-Round okB/C round is still a problem
Infrastructure
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• 1998: D
• 2008: B
• Then: hard to find an attorney who could evendraw up a term sheet
• Now: Michigan Business Tax is a big improvement over the former Single Business Tax
Culture
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• 1998: E
• 2008: C
• Then: toxic cocktail of risk-aversion, judgmental attitude and sense of entitlement
• Now: Economic Reality is a Mutha of Invention, still too much discuss, not enough do
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• #6: Outsourcing - splits manufacturing and service functions so companies can focus
Friedman’s Flatteners
• #7: Open Sourcing - “the most disruptive force of all”
• #8 Workflow Software - creates a global platform for collaboration
• #9: The Web - lowers barriers, disseminates culture - broadly, instantly and intimately
• #10: End of Cold War - Former Soviet states join the economic mainstream
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• #1 "The Steroids" - mobile phones, iPods, PDAs, IM, VoIP - the media for the message
Friedman’s Flatteners
• #2: “In-forming” - (another Friedmanism) search engines make “research” mainstream
• #3: Insourcing - shifting workloads between trading partners
• #4: Supply Chaining streamlines sales, distribution, and shipping
• #5: Offshoring - creates the impetus for global economic integration
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Design Specification
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Over-built, Under-tested
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Topology is Physiognomy
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Nodes and Vectors
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Nodes and Vectors• Particle/Wave Duality
• Ford vs. Cisco approach
• Challenge #1: focus on the connections - “what flows, grows”
• Challenge #2: avoid barriers - “route around damage”
• Challenge #3: identify emergent opportunities - replace “wtf ” with “what if?”
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The Network is the Corporation
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The Network is the Corporation
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Network Design
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Network Design
About Ann Arbor SPARK• Merger of Washtenaw
Development Council, IT Zone and SPARK
• Public-Private partnership among academia, business, government, and not-for-profit organizations
• Governed by a dynamic board of directors
• Powered by 15.4 FTE economic developers and support staff (I’m the “.4”)
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Guiding Principles• High-value, knowledge-
intensive workforce
• Innovation in products, services and delivery
• Proactive, not reactive
• “Ann Arbor USA” brands the entire region
• Statewide programs in Open Source Economic Development
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Targeted Industry Sectors• Automotive Manufacturing
and Materials
• Aerospace Engineering and Manufacturing
• Cleantech
• Homeland Security and Defense
• IT / Software
• Life Sciences
• Optics / Measurement
• Printing and Publishing
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