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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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Your Academic Degree: Does it limit your opportunities in the job market?

Posted February 23rd, 2010 By Guest Blogger  | 2 Comments

career

Meltwater employees are derived from a broad range of academic disciplines, including business administration, economics, cultural studies, journalism, law and even theology. In Germany this is very unusual, as it is common only to look for a job that relates to your education, just like it is standard for companies to only offer jobs to candidates with relevant educational backgrounds.

I studied Art History and after my master’s degree, I completed a PhD financed by a scholarship from the German Research Foundation. This educational focus reduced job opportunities rather than widened them. The only possible jobs I could find were within the cultural sector or at universities. Although I studied the arts, for family reasons I did not want to follow this academic career path – I wanted to make a change and start working in business. However, the possibilities to do so at the time seemed very limited in Germany.

What Meltwater offered me was further professional development, like a second education, and an opportunity to build the background that I was now interested in pursuing. The entry level Sales Consultant position is a training ground to build a foundation of business understanding and skills. I received a kind of crash course about the most important contexts of economic principles, including the answers to questions like: which internal structures do departments and subsidiaries of the biggest German companies have? What does a proper sales process look like - which aspects stimulate the negotiation process and which ones hinder the process? What is the…

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