Thought Leaders in Online Education: Sher Downing, Executive Director of Online Academic Services at the W.P. Carey School of Business at Arizona State University (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Much is changing in the world of education. Universities are becoming large scale providers in online learning. Arizona State University is at the fore of this trend, running one of the largest business programs online.

Sramana Mitra: Sher, let’s start with introducing our audience to yourself as well as to what’s happening at the Business School at Arizona State University.

Sher Downing: The W.P. Carey School of Business, which is at Arizona State University, is one of the largest business schools in the nation. This year, we have around 11,000 students in various business tracks that are both face-to-face as well as online. We also have some pure online degrees that we are doing across the globe. We focus on developing the ideal that business is personal. We want people to come out of our school with a real sense of entrepreneurship and ability to do a lot of different things in their lives. >>>

Salesforce’s AppExchange Accelerate Webinar

Sramana Mitra was a panelist during Salesforce’s webinar this week discussing The Enterprise App Market and Incubators. You can listen to the recording here.

Are We in an Accelerator Bubble?

In a recent special issue on digital startups, The Economist writes:

The exact number [of accelerators] is unknown, but f6s.com, a website that provides services to accelerators and similar startup programmes, lists more than 2,000 worldwide. Some have already become big brands, such as Y Combinator, the first accelerator, founded in 2005. Others have set up international networks, such as TechStars and Startupbootcamp. Yet others are sponsored by governments (Startup Chile, Startup Wise Guys in Estonia and Oasis500 in Jordan) or big companies. Telefónica, a telecoms giant, operates a chain of 14 “academies” worldwide. Microsoft, too, is building a chain.

Predictably, many observers talk about an “accelerator bubble”. Yet if it is a bubble, it is unlikely ever to deflate completely. Accelerators are too useful for that. Not only do they bring startups up to speed, provide access to a network of contacts and give them a stamp of approval. They also perform a crucial function in the startup supply chain: picking the teams and ideas that are most likely to succeed and serving them up to investors.

In this post, we will discuss are we or are we not, and what is the prognosis for the trend?

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Venture Capital in Slow Growth Markets: India, EdTech, Cleantech

There are a number of relatively slow growth markets in which we do a lot of business: India and EdTech are two examples. These are also two markets that I am passionate about, and have covered prodigiously for a long time. In a way, these markets, and many others that have similar characteristics, share very similar trajectories vis-a-vis entrepreneurship, venture capital, and exits. Another market in which 1M/1M doesn’t have much presence, but I have invested in, is Cleantech. The story is somewhat similar there as well. Let’s take a look at these slow-growth markets, and how they will emerge over the upcoming years.

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How To Fund A ‘Fat’ Startup

These days, we focus a lot more on lean startups than startups that require capital to get going. The entire industry has moved away from the ‘fat’ startup category. However, infrastructure software, hardware, networking, chips – they need capital. Even in cloud software, to build complex technology like personalization and analytics requires some investment.

How do people fund those?

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Funding Rejection Statistics Of Key Players

You’ve often heard me say that over 99% of the entrepreneurs who seek financing are rejected. This post offers a set of rejection statistics culled from credible sources on some of the key players:

YCombinator: 97.15%

YCombinator started as a summer programme and the roots still show, with courses running for three months, about the length of an academic summer break. Teams all join at the same time, in batches. Applicants are rigorously screened and the best invited for interview. For the latest batch 74 (including six not-for-profits) were selected from a field of more than 2,600. Those lucky few get paid between $14,000 and $20,000 to attend. In return they have to hand over about 7% of their firm’s equity. [Source: The Economist]

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Thought Leaders in Big Data: Naveen Sharma, Chief Innovation Officer, Retail, Xerox (Part 6)

Naveen Sharma: Many of our current service offerings started off as XTIN projects. Take for example our Ignite offering, which was the result of  a bunch of researchers who had young children who were interested in how to use technology to personalize education. They went to K to 5 classrooms and observed how the teacher and students interact and built a system that helped teachers better assess students so that they can individualize help. Ignite is not only a great example of how XTIN helps Xerox fund and develop new service offerings, but it is also a great example of intrapreneurship. When this idea came about, there was no value-chain yet. We funded and explored it, and now have created a value-chain for this research.

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Thought Leaders in Big Data: Naveen Sharma, Chief Innovation Officer, Retail, Xerox (Part 5)

Sramana Mitra: I’m going to switch gears a bit and ask you to put on your Chief Innovation Officer hat on. Let me give you a bit of context about why I want to go in this direction. In our incubator program, one of the areas we’re doing a lot of work on right now is corporate incubation, in partnership with some of the largest companies in the technology domain. We are seeing interest as well as projects. Actually, some of these projects are already in full swing where we are doing incubation of entrepreneurs. In the same way, we invite entrepreneurs to come in to the One Million by One Million program to learn how to build a business, some of our corporate partners are sponsoring intrapreneurs to come in to One Million by One Million and get their projects incubated.

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