Entrepreneurship: The New National Security

WHY ENTREPRENEURSHIPIS BECOMING THE NEW “NATIONAL SECURITY”

presented by ALEX LAVIDGE Saturday, February 20th // Huntsville, AL

Saturday, February 20, 16

How do you crack the entrepreneurial code? Simple. It’s all about socks.


THE FORTUNE 500DOES NOT STICK AROUND FOREVER. IN FACT ...

12.2%

OF FORTUNE 500 COMPANIES FROM 1955 EXIST TODAY.

(Source: http://www.aei.org/publication/fortune-500-firms-in-1955-vs-2014-89-are-gone-and-were-all-better-off-because-of-that-dynamic-creative-destruction/)


http://www.aei.org/publication/fortune-500-firms-in-1955-vs-2014-89-are-gone-and-were-all-better-off-because-of-that-dynamic-creative-destruction/

http://www.aei.org/publication/fortune-500-firms-in-1955-vs-2014-89-are-gone-and-were-all-better-off-because-of-that-dynamic-creative-destruction/

Thomas L. Friedman, author of The World Is Flat and Flat, Hot and Crowded and columnist for the New York Times, in an April 3, 2010 opinion editorial said, “to bring down unemployment we need to create a big bushel of new companies - fast. Good-paying jobs don’t come from bailouts. They come from start-ups. And where do start-ups come from? Smart, creative, inspired risk-takers.”

Between 1980 and 2005, firms that were less than five years old created virtually all-net new jobs created in the U.S. That was nearly 40 million jobs, according to Robert Litan, director of research at the Kauffman Foundation. Two thirds of all inventions come from entrepreneurs.


EXPONENTIAL CHANGEIS BECOMING THE NEW NORMAL.


CHANGE IS CHANGING... AND FAST IS NOW FASTER.




FROM DEPENDENCY TO... an economy of interdependence where agility is efficient.

“A new complementary urban model is now emerging, giving rise to what we and others are calling ‘innovation districts.’”

- Bruce Katz, Brookings



SO THE BIG IDEA IS THIS:

fostering a robust economy that creates new wealth through science, technology, innovation, and entrepreneurship keeps americans thriving for future generations.


HOW CAN HUNTSVILLE BUILD A STRONGER

ENTREPRENEURIAL ECONOMY?


success is directly related to the quality, quantity, and variety of our questions.


THREE PATHS AVAILABLE... and are there others for creating an entrepreneurial economy?

NURTURE?RECRUIT?

PARTNER?

How can we How can we

How can we


FAIRFIELD, IAA story about being attracting outside capital, talent, and vision.

RECRUIT?How can we

Since 1990, $250M invested; $1B in equity created with 40 software & telecom companies.(Source: University of Iowa Community Vitality Center Report, 2009)




“Memphis Manifesto” intoTYPE


CLEVELAND, GAA story about listening to what is in your own backyard.

?Cabbage Patch Kids started with a 21-year old art student Xavier Roberts; later became a $2B worldwide franchise 6 years later in 1984. The population of Cleveland, GA is 3,700.

(Source: Wikipedia)

NURTURE?How can we


CHATTANOOGA, TNAnother story about listening to what is in your own backyard.

?Variable started on Kickstarter and from there raised over $4M to become a leader in digital color referencing technology.

NURTURE?How can we


BATTLE OF BRITAIN, 1940Just how much did the Tizard Mission help US win WWII?

The technology transfer deal, many would argue, led to the advancement of the US becoming a superpower.

(Source: Wikipedia)

PARTNER?How can we


Search “Secret History of Silicon Valley” on


How do you choose a path? Can you choose more than one? Where to start?


Forget networking. It starts with building relationships.


DIGITIZE YOUR SUPPORT.Can’t build a 21st century economy with 20st century best practices.


CHART YOUR COURSE.Saturday, February 20, 16

GUIDEPOSTS +What are the themes of successful entrepreneurial success stories?


+ ECOSYSTEM, NOT EGOSYSTEM +How do you see the resources here fitting together?


+ MEASURE SUCCESSHow do you get what you measure?


START-UP NATION addresses the trillion dollar question: How is it that Israel -- a country of 7.1 million, only 60 years old, surrounded by enemies, in a constant state of war since its founding, with no natural resources -- produces more start-up companies than large, peaceful, and stable nations like Japan, China, India, Korea, Canada and the UK?


Communities are made up of people.

Help people find their “purpose” first and the rest will fall into place.

That’s not only good for Huntsville, and the South -- that also makes a stronger country.


$185B went toward bonds during WWII. How much can we raise to support entrepreneurship?


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@alexlavidge


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Small Business & Entrepreneurship

Entrepreneurship: The New National Security