Wednesday, June 10, 2009

Five Great Ideas from Today's IT Collaborative Event

There was a whole lot of tweeting going on this morning at the Massachusetts IT Collaborative event at Microsoft's NERD Center in Kendall Square... and the energy level at the event was really high.

One thing that was kind of depressing to me was listening to people like Steven Vinter of Google, Andy Ory of Acme Packet, and Emily Green of the Yankee Group try to sum up what had been discussed over a few hours in just five minutes when Gov. Patrick showed up to "listen." Vinter also showed an egregiously bad slide that tried to, I think, illustrate all the interconnects between various IT clusters in Massachusetts -- but it was one of those slides with an encyclopedia's worth of text on it, bubbles connected to bubbles, arrows everywhere. Rube Goldberg would have been proud, and I suspect it sent the message that the IT industry isn't so sharp when it comes to simplicity or clarity of message.

But there were lots of great ideas in circulation. Here are five that really resonated with me, and a quote I liked:

1. Michael Greeley of Flybridge Capital suggested that CEOs of larger, more successful companies ought to have "office hours" for younger, up-and-coming CEOs, much like college profs do. That could be a nice, low-commitment way of mentoring ... perhaps letting them commit one or two hours a month when they wouldn't have to leave their building. Many people at today's event focused on the issue of mentorship as a key to cultivating a new crop of big, important, sustainable companies here.

2. We need to make federal visa policy an important issue that everyone here in Massachusetts is engaged with. Part of what we do in the state is to make young people smarter. Why do we then allow them to be shipped back home, especially if they'd rather be working (or starting great companies) here? Akamai CEO Paul Sagan paraphrased Thomas Friedman, who has suggested that we staple a green card to every advanced degree we give out in the US.

3. Sagan also mentioned that you can walk or drive through Kendall Square and never know it is one of our region's hubs of innovation. (Perhaps even a denser concentration of smart people, research labs, and cool companies than anywhere in Silicon Valley.) But there are no signs to let you know what's there. If you drive down Highway 101 in California, in contrast, you see all kinds of evidence of the tech economy: Oracle, Microsoft, Yahoo, eBay, etc. The photo above is the blank sign at the front door to Google's Cambridge office, which perhaps 10,000 people pass by every day.

4. Connecting with students is a big challenge. Let's say you run a trade group and you want to make your annual conference open to students... or you want to organize an open house at your company to attract great students for a summer internship. There's no easy way to communicate with the student bodies of the hundreds of great schools around Massachusetts. I wonder how tough it would be to create a wiki that lists the contacts at every school's career office, and perhaps the e-mail addresses of the students who run the entrepreneurship/tech/business club on campus, and a few profs interested in helping be liaisons to industry. This wiki might also list tech companies willing to send speakers onto campuses for classes or club meetings, along with the relevant contact.

5. Tod Loofbourrow, founder of Authoria, had a great take during the session on communication... something that came up in last month's brainstorming session on how we can better communicate the innovative stuff that happens in our corner of the world. He said that pioneering work is being done here on healthcare IT, and making the healthcare more efficient, and that we should commit to saving the U.S. X number of dollars and X number of lives with our innovations. That got us all talking about how Massachusetts is focused not on tech-for-the-sake-of-tech, but technology that solves real problems... whether in healthcare, energy, business, or other spheres. That strikes me as really good positioning.

Finally, I liked Andy Ory's comment that we're still haunted by the ghost of Rout 128 past...and the ghost of California present...but what we really should be focused on is the ghost of Massachusetts' future.

What'd you hear that you liked? Did you post about the event? Feel free to add something in the comments...

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Monday, September 29, 2008

News Tidbits to Start the Week: Authoria, SpaceClaim, Visible Measures

- Authoria, a SaaS survivor of the dot-com blow-out, is being acquired by a private equity firm for $63.1 million. Waltham-based Authoria sells "talent management solutions"; the buyer is Bedford Funding, which will agree to put in another $8 million in working capital.

Not sure, but this company seems to have undergone a recapitalization at some point...[ Update: they recapped in 2004 ] they raised $75 million in one round back in 2000, but none of those investors are still on the board. The most recent round was $22.5 million last fall. Amazingly, Tod Loofbourrow has stuck it out as the company's CEO for more than a decade.

- General Catalyst portfolio company Visible Measures announced a big deal today to provide video measurement services to all of MTV Networks' properties.

- SpaceClaim founder Mike Payne mentioned to me earlier this month that Chris Randles, formerly CEO at MathSoft, was taking over the CEO reins at the Concord-based maker of computer modeling software. Randles had been serving as an entrepreneur-in-residence at Borealis Ventures, one of the VC firms that has backed SpaceClaim. The official announcement, apparently, happens later this week. Payne had served as CEO until this spring.

3D CAD news reported back in January that there had been some lay-offs at the start-up... and that the COO had departed.

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