The Magnificent 10 Speeds up the Path to Innovation in Awesome Washington, D.C
July 8, 2011 2 Comments
FounderCorps that launched earlier this year and currently run by the magnificent 10 including one of my former Board member, Mark Walsh just launched their awesome “Fellows Program”. The program is to provide mentorship and support to emerging entrepreneurs participating in Awesome DC region business creation programs.
The program will work with partnering organizations that are having business formation competitions — they will provide a prize and mentorship. But, they will go through their partners, such as the University of Maryland, the George Washington University, the George Mason University and so forth. They are not trying to create another silo – They work with the folks who are already working with entrepreneurs and making things happen.
Although, this is not anything new of its kind, but more and more of such initiatives are certainly the right path to position DC as the tech scene rather than just top secret clearances and government contracts thing. I think we all know milking the government is NOT really innovation.
If you are not an entrepreneur, I strongly urge you to consider in becoming one fast and start looking into the Fellows Program – particularly if you are a student and just graduated or about to graduate. Here is Why:
a) I don’t need to remind you that the current unemployment rate is 9.2% . Regretfully, our economy is still pretty bleak and it looks like it will stay this way throughout 2011 or even 2012. I don’t mean to be pessimistic, in fact I am a very optimistic dude. But this is real. There is no job waiting for you once you graduate.
b) There has been a major shortage of entrepreneurs in our nation’s capital these past few years.
c) You are single, with little responsibility or financial burden, so you can afford to forgo a big paycheck for a little while.
d) Washington, D.C.has the money, we have the top universities, we have smart coders, and we are recession-proof. We need more local innovative companies like Clearspring, OPower, LivingSocial, ComScore, Micros Systems, Honesty Online, sponto, and of course our beloved awesomize.me 🙂
e) Historically, when times are bad for the economy, it can be a great time to start a business. In fact, 16 of the 30 companies that make up the Dow industrial average were started during a recession or depression. These include Microsoft, Disney, McDonald’s, General Electric and Johnson & Johnson. If I remember correctly, although Google started during the glory days of late 90’s, but it really started kicking ass during the 2001 recession.
If you are curious what makes it possible for new companies to thrive when times are so bad? or why should you launch your own company? Disruption is the first major thing happens in bad times. This means things change, change quickly and dramatically. When things change, there are opportunities, and, you as the entrepreneur seize opportunities.
I believe the DC entrepreneurial scene is definitely growing and programs like FounderCorps’ are here to speed that up. I personally know most of the people behind FounderCorps. If you have a business idea, drop me a note and I’ll be delighted to make the introduction.
Feel free to connect with me via awesomize.me