The New Sheriff of Washington DC Is In, So Are the Washingtonian Entrepreneurs

The Good looking one is me, Jamey is the other one

I am very excited to announce my involvement with the Technology Business Innovation Taskforce of the incoming DC mayor, Vince Gray. The task force is being co-chaired by my awesome entrepreneur friend, Jamey Harvey, CEO of another exciting DC startup, Sponto.

I think that this will be a good opportunity for me as I try to help tackle some of the problems that I’ve been bitching about, from an entrepreneur’s perspective for the DC area. I hope my participation to the team brings me closer to my goal in positioning Awesome Washington, DC as a technology hub.

The Technology Business Innovation Taskforce will focus on attracting and retaining technology companies from these and other high growth industries:

  • Alternative Energy
  • Health Care
  • Cyber Security
  • Internet/Software/Social Media
  • Optics
  • Mobile
  • Gov 2.0 service providers
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George Clooney’s Clone Right Here In Washington, DC – Made In India Though

Last month, The Indian George Clooney, (reference to our Federal CTO, Aneesh Chopra) announced the launch of Open Government Directive. It was a landmark moment for the Government 2.0 movement.

Classic Jon Stewart from one of my favorite program, The Daily Show cut a few gigglish moments as Aneesh was gearing up to discuss his project. Not sure what his giggles were all about. I just hope nothing kinky was happening under the table between him and our Federal CIO, Vivek sitting right next to him. Jon came up with a hilarious coverage of the story. In case you missed it, here it is 🙂

Vodpod videos no longer available.

more about “Video: Theory v. Practice – TSA Leak …“, posted with vodpod

Shortly after, the Indian George, reacted to being mentioned on tThe Daily Show. In response to the criticism, he responded this:

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Washington DC Potomac River vs. California Silicon Valley

Every one is talking about change these days. As a serial entrepreneur who would like to position our nation’s capital as the technology hub and center for entrepreneurship, I have been thinking of the changes I would like to see take place.

My proposed changes are based on my educational and professional background as a Washingtonian since 1986 – working for startups like Yurie Systems (acquired by Lucent for $1.23 Billion in 1998), Newbridge Networks (acquired by Alcatel for $440 million in 1999), working for a several government contractors, and dealing with a wide range of both venture capitalists and angel investors while raising a total of $7 million for my two internet businesses B2B telecom marketplace Telezoo in 1999 and social media & search company Searchles in 2006.

Let me address the problems first before I start talking change.

If you contact our census bureau, they will tell you that DC has the second highest technology population after Silicon Valley. In addition, we have the nation’s highest concentration of advanced and post graduate degrees – meaning there are more entrepreneurs in DC with advanced degrees than in Silicon Valley. So then, why are Washingtonians not even close to Silicon Valley in terms of technology, funded startups, and investment opportunities? Three reasons:

1. Our local media companies have not been particularily supportive of the little startups these past ten years. Take the Washington Post as a classic example – they don’t provide enough coverage of our local small ventures. They mostly cover the big boys with deeper pockets, possibly in anticipation of future advertising revenue. And when they do cover a couple of the larger players like Sprint Nextel or AOL, their coverage is hardly positive. They do a good job covering government contractors though, which I think explains why 80% of all businesses in our town originate from the US government and why our government ends up buying products and services that are “proven” and have been operational for years.

The other reason I think our local media holds back from covering the little guys is their bad experience from covering startups prior to the 2001 bubble. We all know what happened then – most of them ended up shutting down. Our media may have simply concluded that it wasn’t worth their while covering startups with no future. If that is the case, it is worth noting that the same situation existed in Silicon Valley during the Web 1.0 era. But you didn’t see it stop their local media from covering the startups popping up throughout their region.

2. Our VC (Venture Capital) Community has never been as involved with their portfolio companies. Their classic mistake is asking entrepreneurs the financial and business model question during the very first meeting.

Don’t bother. Most first-time, young entrepreneurs lack business and financial experience. They typically have an idea and have built only the prototype. If interested, like most VCs in Silicon Valley, you need to a) Do your own part to evaluate the market and its potential for the product, and b) Tap into your rolodex and help them bring in the business-minded management team to execute the company’s vision. This way, the entrepreneur/founder focuses on the technology. So, spare them the business questions. Unless they intend to stay as the CEO or you intend for them to stay on as the CEO.

3. There have been only a few great local entrepreneurs from Web 1.0 era like Mark Walsh, Steve Case and Doug Humphrey helping new entrepreneurs in the Web 2.0 climate, but given the number of potential entrepreneurs our local schools – University of Maryland, the George Washington University, Virginia Tech – matriculate annually, we need many more successful mentors active in the community. This “grooming” deficit has contributed to a shortage in quality managers who are supposed to run our region’s emerging growth companies.

I believe a combination of these factors have been killing the culture of risk that existed in the 80’s and 90’s in the DC area. We tend to be more conservative on this cost anyway – it doesn’t help that a budding entrepreneur coming out of our finest universities has to weigh the benefits of operating solo in this unpromising environment with tossing his/her hat in with an established firm offering a good starting salary. Referring to my earlier comment about DC with highest concentration in the country of advanced and post graduate degrees compare to the people in Silicon Valley, think about it. Why would someone who has invested many years of his or her life in an advanced degree program, wants to risk it to start a new company as supposed to working for a well established company with a much higher pay. It is easier for a person to take such risk if he/she has not gone through all that years of schooling. just a thought.

In terms of a solution, we need some robust team work between our universities, VCs, local media, bloggers and the Gov 2.0 folks. Here is my message to each one of them:

1. Local media – in particular, the Washington Post, the Washington Times, and Washingtonians – large and small alike – need to place more value on coverage of startups. They may not have the advertising dollars to help your revenue stream initially, but with your support, many of them will in future. So, think big PLEASE. We need you as much as you need us.

2. The VC community needs to lighten focus on Excel spread sheets and la-la land exit strategies and hone in on ideas, technology, market potential and entrepreneurial je ne sais quoi. Do your homework on our inventions and craft your own analysis of its business potential. Then, use your own business and financial experience to identify key executive hires like the CEO, CFO and VP of sales. As an entrepreneur – particularly a first time entrepreneur – don’t depend on our vision of an exit strategy to close your deal. We have probably never done it, and are dreaming a Google dream on your dime.

3. Washingtonian Bloggers… if our online media and VCs drop the ball, it is your job and mine to create the buzz desperately needed by our startups – blog, baby, blog. Stay positive though. We need to work with our local universities on this.

4. Local universities – particularity the University of Maryland, the George Washington University, Virginia Tech, and George Mason University – all offer some sort of entrepreneurial program. Well, please ramp it up. I myself am a member of the GWU NAC (George Washington University National Advisory Council) and am working on several initiatives on this matter.

5. Washingtonian Gov 2.0 gurusMark Drapeau, Alec Ross, Federal CIO Vivek Kundra and Federal CTO Aneesh Chopra – you heard the problem. There’s a way to figure out how Gov 2.0 efforts and initiatives can fundamentally shake up DC’s startup environment, and there are some best-practice examples across the country for you to draw on. Do it quickly and efficiently please. Our region needs an injection of entrepreneurial opportunity, fast.

I look forward to working with all of you to make our nation’s capital a truly Awesome technology town.

For start, someone has to tell our DC CTO, Chris Willey to smile a little bit when giving speech in front of a large audience or speak with enthusiasm as supposed to putting them to sleep 🙂

Feel free to connect with me via

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Web 1.0 + Integral of (Web 2.0 + Gov 1.0) = Gov 2.0 in Washington, DC

Hey, I got to use my math and physics background somewhere in the world of social media once in a while 🙂

Thanks to:

a) The death of Web 1.0 in 2002 when I was running my first social media company

b) The birth and the raise of Web 2.0 in 2003/2004 around the time myspace and facebook were born, when I was running my social search company searchles

c) And, with special thanks to our current president who went crazy on the Web 2.0 and by doing so won the elections…

I am proud to be one out of thousands of grassroots supporters of the new “Gov 2.0”. Actually, the term has been around for a year, beginning shortly after our new president took office.

In a nutshell, Gov 2.0 is the idea of applying Web 2.0 services such as social networks (Facebook), micro blogging (Twitter), online streaming video (Youtube) to the government practices – bringing together old processes and new technology. Here is the definition of Gov 2.0 from several other people involved in the field:

After we all saw how George Bush and his lackeys kept the nation in the dark for eight years while his buddies got richer and richer as he sent our great nation down the toilet, I think Gov 2.0 initiatives are very important and critical for all of us – the citizens, the Senators, The Congressmen, the Senate, the White house, etc. Gov 2.0 unlocks stores of data that can better inform and empower us, the citizens, to have an impact on our communities, governments, and the decisions being made.

We have all experienced the difference when there is a free and clear line of communication between citizens and their government, and seen the powerful things that can happen. Gov 2.0 means doing the same plus utilizing the power of Web 2.0, including one of the company I recently covered GovLuv.

Having worked in social media and telecom space in Washington, DC for the past 12 years, I can tell change is here.

Anyway, there is a Gov 2.0 Expo in May 2010 at the Washington Convention Center, and they are currently calling for Presentations. So, if you are in the space and interested in getting coverage, here is the opportunity. You have until Jan 6th to do your thing (I’m checking, and it seems that they just extended their dates to Jan 6th).

The chair for the event is a friend of mine, Mark Drapeau, who used to work at the National Defense University. I met Mark over three years ago when I was still running my DC based social search company, Searchles.

Gov 2.0 Expo will showcase the real-world application of Web 2.0 technologies in government and municipal sectors, featuring a practical program that will teach government employees and contractors how to apply technology practices to government programs, and in turn
introduce new companies to the government market.

Just for you to get an idea of what the Conference will Include, the tracks are:

• Policy

• Technology
• Challenges
• People

Hope to see you all there!

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