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Stanford Conference on Entrepreneurship

Posted March 2nd, 2010 By Kimling  | 1 Comment

stanford-panel

Last Friday, February 26th, Meltwater CEO Jorn Lyseggen joined several other entrepreneurs, venture investors and academics at the 2010 Conference on Entrepreneurship at the Stanford Graduate School of Business.

Jorn participated in a panel, the “Top 10 Mistakes Made by Entrepreneurs,” alongside Gurbaksh Chahal (gWallet), Matt Cohler (Benchmark Capital), Carol Sands (The Angels’ Forum and The Halo Funds) and moderator Mark Leslie (founding Chairman and CEO of Veritas Software and current Lecturer in Management at Stanford). The panel discussed the ups and downs they’ve experienced as well as lessons learned.

One of the topics discussed were the main characteristics of entrepreneurs. Matt said passion makes or breaks a project. Gurbaksh said the ability to embrace rejection; being able to swallow rejection and deal with it, is a crucial characteristic. He cited how author J.K. Rowling was rejected seven times before her first book was published. Jorn agreed with the others and asserted that successful entrepreneurs have the following three qualities:

  1. An optimistic mindset
  2. The ability to absorb rejections
  3. An ability to impact and inspire the people around you

A final question was raised and the panelists couldn’t come to an agreement. Are entrepreurs risk-seeking or risk-averse? Matt said entrepreneurs are change-seeking, not necessarily risk-seeking. Jorn said he sees himself as risk-averse, attempting to minimize risk as much as possible. What do you think? Are entrepreneurs risk-seekers or risk-averse?

(More photos from the panel to come)

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20-somethings: are we the lost generation?

Posted February 25th, 2010 By Kimling  | 3 Comments

20-something

I recently read a blog post on VentureBeat called “The lost generation of entrepreneurs.” The author asserts that today’s start-ups do not allow 20-somethings to develop entrepreneurial leadership skills. I can’t speak in generalities for all of today’s start-ups, but I can say that at Meltwater, this is simply not the case.

I’ve heard colleagues describe the International Management Trainee program at Meltwater as “entrepreneurship on a red carpet.” In other words, sales people who aspire to be managers at Meltwater receive start-up opportunities with the backing of a large organization (Meltwater recently reached $100M in sales).

Let me explain. True story: a highly-driven, 20-something joins Meltwater as an entry-level Sales Consultant with little relevant prior work experience. 6 months later, he is promoted to Sales Manager, leading a team of 4 new hires. He develops the talent in his team over the next few months, and 2 of his team members are subsequently promoted after working with him. Within 1 year of employment, he is sent off to the U.S. East Coast to open the Philadelphia office, then subsequently opens and manages the New York office, and eventually he opens Meltwater’s first South American office in Buenos Aires.

My colleague’s story is not unique within Meltwater. He’s not a fluke. There are literally hundreds of stories of professional development and opportunity within the company.

I had a chance to sit down with Meltwater’s CEO, Jorn Lyseggen, this afternoon. This is what he has to say about it: “Meltwater is a company that gives young people…

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