Mind Your Elders

It seems these days I’m always either packing or unpacking. Right now, I’m unpacking. A few hours ago I landed in Istanbul where I’m going to work with the folks at Peak Games. Later this week I’ll be in Munich and Berlin, the latter being one of my favorite entrepreneurial communities. The whole trip was brought about by the folks at EarlyBird VC, especially Ciaran O’Leary (who’s written about why Berlin is a great entrepreneurial city). Traveling like this is hard; I miss my family. I even miss the dog (even though I have an ambivalent relationship with him).

But I also love it. As far back as I can remember, I’d walk into an airport, and be riveted by the names of the places up on the departure board. I suppose I’m still that little boy looking to ride the river.

I also love when the worlds in which I play swoop and dive into each other. I love when the work I do every week that I’m not packing and unpacking, on Broadway, becomes relevant in places whose names I first glimpsed on a departure board.

Istanbul now. Munich tomorrow. Berlin the day after. Krakow and Warsaw at the end of May (see here for tickets to the Hive53-sponsored event and here for CEED Regional Conference). Ljubljana last December.  I love when the talks I give, the discussions I facilitate, and the conversations that ensue move through themes common to entrepreneurs everywhere: the emotional roller-coaster; the challenge of funding, learning to balance and integrate your lifeexplaining what you do for a living to your loved ones, and surviving the start-up life. For all our vaunted cultural differences, it’s the commonality of these struggles that make so much of the world—old and new, East and West—one big start-up community.

A few months back, my friend Brad–as part of his efforts to document the ways in which communities grow–built a blog to gather the common experiences. He asked me for my thoughts on building a start-up community. Thinking back to my trip to Slovenia, I shared this story.

I’m sure, as these next weeks unfold and I meet entrepreneurs in Turkey, Germany, and Poland, the stories and the themes will deepen and merge. I can’t wait.

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I first noticed his eyebrows. Bushy, steel-gray, they danced when he agreed with me.

It was the first of a half a dozen talks I was scheduled to give that week in Ljubljana. This night I was the guest of both the US Embassy in Slovenia and CEED and I was there to speak about the importance of mentoring in the building of start-up community. My subtler mission was to convince many in the room to be mentors.

Born in Socialist era, when Slovenia was a part of the Republic of Yugoslavia, most of the 100 or so folks in the room, it seemed from their stony faces and crossed arms, were still a little suspicious of the emphasis on entrepreneurship taking hold in the city.

“They don’t know,” I continued speaking about the young mentees dominating the nascent tech scene. “They don’t know the cost of missed football games, dance recitals, spelling bees, and dinners with the family.”

And I knew I had him. The bushy eyebrows arched so high in vehement agreement that it threw his head back. It then came down in a deep nod. “They don’t know about the dangers of disappearing into the fire.

Even the stoniest children-of-Socialism-now-captains-of-industry were sitting up.

I moved on. I read to them from an email I’d received in April, after my first visit to the area. In that note, a young entrepreneur spoke not only of the frustration of raising capital–something he understood was a challenge everywhere-but of the alienation and isolation. Growing up in an era of small, flat worlds and in the belief that he could help create the next Google, he was disheartened by the beliefs of the older generation. That group, satisfied with lifetime employment in the Postal Service and a little house in the country, openly criticized the risk tasking, the ambitions, and the desires for something more that is such an intrinsic part of entrepreneurship.

Frustrated by this lack of acceptance, lack of understanding (manifested, for example, in a law only recently passed that forbade anyone who’d lead a business that failed from starting a new business for ten years–the law, thankfully, overturned by the Courts), he was moving to London. After all, he wrote, he wished he’d been Born Somewhere Else.

Finished with the excerpts from the email, the whole room was now sitting up. The young guy could be their son, their grandson. This young man, and the men and women with whom he struggled everyday to create an enterprise out the nothing more than an idea, these people on whom so much of this tiny country’s economic future rests, was leaving.

My thoughts about what makes a start-up community grow from a Silicon Valley-wannabe into a vibrant and integral component of local economy aren’t particularly earth shattering or unique. They stem, though, from having had the good fortune of sitting beside people like Fred Wilson and the dozens of others who helped grow this community in NY into something expansive and exciting.

Put simply, the entrepreneurial ecosystem needs seven things:

  • Opportunities
  • Entrepreneurs
  • Staff
  • Government Support
  • Universities
  • Local Capital
  • Elders

It needs the entrepreneurs, staff and opportunities to create interesting companies. It needs the support of government (or, at a minimum, the non-interference of government where crazy laws that criminalize risk-taking are not the norm), universities, and local capital.

But, most of all, it needs Elders. That is, Mentors, coaches, Angel Investors; people who can serve informally and formally as guides. Their roles vary…from providing the seed capital to germinate ideas to providing a steadying, calm demeanor making the roller coaster of the startup experience just slightly easier to bear. “An Elder,” I say in my talks on the subject, “isn’t merely someone with grayer hair. It can be the CEO of the company next door who is two months ahead of you in their fundraising process. It can be the CTO of that failed company whom you bring in not just for their technical capability but for their experience in having lived through a failure and knowing that there’s life after failure.”

Elders come in all forms.

The day after my talk on mentoring, I ran a miniature version of my Disappearing into the Fire Workshop. The room was filled with 150 entrepreneurs, each at varying stages in their journey. And one man stood out. To my right, the bushy eye-browed grandfather–a local professor of business as it turned out–sat erect and grinning. In my mind, he’d come to personify the Elder and I was thrilled he was there.

Later, at the break, I made my way to him. Gripping his strong weathered hands, I asked if he was enjoying the talks. Yes, yes, he said, he very much understood the need for mentoring and was happy to help. But then he leaned in close to me, whispering into my ear, “But really I’m here to learn because I have this idea. I know it can be the next Google.”

 

  • http://www.alearningaday.com Rohan

    Ah. Love the old man with the next Google.

    ‘No one is old enough to have outlived enthuasiasm.’

    • jerrycolonna

       Exactly Rohan. There’s no age restriction on eing a mentor, or an entrepreneur for that matter.

  • http://joeyevoli.com/ Joe Yevoli

    I’ll never forget when I was in 2nd grade at lacrosse camp.  I had a stick in my hand since I was 3 (my dad played) but no one ever really gave me serious pointers.  When I was having trouble holding the ball in my stick an older kid came over and told me to loosen the pocket so it’ll be easier to hold on to the ball.

    After that, I remember looking out at the field and seeing about 30 other older kids who knew more then me, and thinking “I need to find out everything they know” :)

    From that point on, I’ve viewed everyone as a teacher in some way.

    • jerrycolonna

       Joe…what a great story. So the coach in me wants to know, what are you teaching to others?

      • http://joeyevoli.com/ Joe Yevoli

        Ha, I had to think about this for a moment (typical Jerry question). But, to keep with the story narrative; I now impart all my years of lacrosse wisdom down to my little brothers and sister!

  • Benjaminchen88

    Having been a martial artist for over 25 years, I have come to know that it is often the oldest person in the bar, that is the most “dangerous”

    • jerrycolonna

       I love the metaphor, Ben.

  • http://twitter.com/dariusvasefi darius vasefi

    Thank you for the work you’re doing Jerry, this is the closest one can get in profoundly changing people’s lives and making the world a better place.  Would love to see a video of your talks if available.

    One of the biggest misconceptions of starting a new company, specially for first time tech founder is the focus on the money side of funding.  In my experience (not as global as your by any means) the advice and experience a good investor brings is a hundred times more valuable than the money.  This is something I do not hear stressed enough at entrepreneurial events and it costs both the companies and investors a lot.

    Funny law you mention, on one side it’s an indication of how backward some societies were and still are.  On the other side having something like that on your mind will definitely give incentive to do your best to succeed!!

    • jerrycolonna

      You’re welcome Darius. One of the delights of my current incarnation is that, where ever I go, some themes remain; in this case, the theme that wisdom is more valuable than money. 

  • http://veespo.com David Semeria

    Excellent Jerry. Should you ever want to add Italy to your itinerary, just let me know.
    The startup scene is booming here too – but like in other countries, the youngsters here also need guidance and encouragement.

    • jerrycolonna

       David, I’m always up for an excuse to visit Italy. Maybe next spring as I promised myself to limit  my business travel for the remainder of the year (aside from that which is already committed).

      • http://veespo.com David Semeria

        Thanks Jerry. It would be a great honor to have you here!

  • http://www.charliecrystle.com Charlie Crystle

    again, great post. looking forward to the next one :)