A Lost Generation of Entrepreneurs? I think I found them.
Last week BusinessWeek posted an article by Jeff Bussgang, a seasoned investor and entrepreneur, who shared his concern that we are suffering from a lost generation of entrepreneurs. It seems he tried to make a list of significant entrepreneurs under 35 and wasn't able to get very far. Jeff argues that since the 2000s were lean years that did not produce many substantial start-ups, that generation of 20-somethings was not able to develop company-building skills. He says we have not had the opportunity to see success at a young age or learn the important lessons of start-up leadership, so our generation has also missed out on the early start-up experience that would have made great mentors and serial starters later in life. Further, we are lacking good entrepreneurial role models, and he worries the next generation of entrepreneurs too could be lost without footsteps to follow.
With all due respect, I think maybe Jeff worries too much. If he's looking for examples of young people with start-up leadership experience, skills and success, he may just be looking in the wrong place. This generation is less interested in making as much money as possible and more interested in starting organizations that are mission-focused, so we are looking at nonprofits and companies with double or triple bottom lines. While the 2000s may not have been a good time to start a business, that hasn't kept twenty-something entrepreneurs of every stripe from starting nonprofits and social ventures.
As much as I might have tried to discourage them, the upshot of all the Millennial nonprofit start-ups is that people of our generation (successful and not) are learning a lot in the process. I don’t think Jeff should be worried about a lost generation of entrepreneurs; rather, I think he should be glad to see that whatever the economic climate has been, this generation of entrepreneurs is using innovation to address social challenges, even when that means sacrificing opportunities for personal gain – the same types of opportunities that might have drawn them into the circles that would get Jeff’s attention.
In an effort to ease his worries, we at Social Citizens would like to offer few people he can add to his list of under 35 success stories with leadership experience and start-up skills that will have no problem serving as role models for their peers and the next generation of entrepreneurs, who may also focus a little less on profits and a little more on changing the world.
Blake Mycoskie, 33, founded TOMS Shoes with the idea that promising to give away one pair of shoes for every pair purchased. Prior to starting TOMS, Blake has founded four other businesses since college.
Emily Pilloton, 28, who wrote “Design Revolution: 100 Products that Empower People,” and founded Project H Design, a nonprofit team of designers, architects and builders that mobilize product design ingenuity to benefit humanity, habitats, health and happiness. See her on the Colbert Report earlier this year.
Scott Harrison, 34, who left his job as a successful nightclub promoter to start charity:water, an incredibly successful nonprofit providing clean water for hundreds of thousands of people.
Jonny Dorsey, 24, who while in undergrad at Stanford decided to take a leave of absence to start FACE AIDS and oversaw the expansion of the organization to 150 schools across the country. He's now cofounder of Global Health Corps, which strives to promote global health equity.
Ory Okolloh, 34, is a blogger, co-founder of Ushahidi, an innovative technology platform originally developed to map violence after the 2008 Kenyan election, and co-founder of Mzalendo, which tracks the performance of Kenyan policiticans.
Esra'a Al Shafei, 23, who promotes human rights for ethic and religious minorities through multiple online campaigns and is the founder and director of MideastYouth.com, an interfaith network developed to provide young people with freedom of expression.
Sam Adelsberg, 22, who is the co-founder of LendforPeace.org, which allows people to support the resolution of the Israeli-Palestinian conflict through online microloans to vetted entrepreneurs in the West Bank.
Courtney Macavinta, 34, started Respect RX, a social venture that promotes self-respect, relationship respect and respect for all for teens and young adults, and has been featured consistently as an expert on issues facing teens and women.
Jacob Colker, 26, who after managing numerous political and advocacy campaigns founded The Extraordinaries, a social enterprise which gives people the opportunity to volunteer their spare moments for causes they care about using their mobile phones.
I've more than doubled Jeff's "depressingly short list" here, but do your part to help him feel better...add to the list!
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As 2010 Census Begins: Will the Millennials be Counted?
- For Millennials who are sold on the idea of participating in the census but have questions about the process, whether they should be counted apart from their parents, etc. regular online chat support could be used to allow people to have their specific questions answered (this could also be supported through the exisiting census Facebook and Twitter presence).
- Partner with on the ground organizations and nonprofits who can send text message reminders to Millennials during key points throughout the process for updates on deadlines and additional resources.
- College campuses could have "census challenge" parties where students fill out forms and are given incentives from local restaurants and stores for completed forms.
- Creative social media campaigns can be used to educate Millennials about the process, its timeline, and the importance of being included. This could include the creation of short, entertaining videos for YouTube, and extensive outreach to bloggers who typically reach Millennial audiences.
- As many nonprofits have learned, you often reach a wider audience and see greater engagement when you let go a little. The Census Bureau could provide small prizes for people who creatively explain and promote the census using social media. This could engage and educate students and young professionals looking for experience and generate marketing materials that appeal to a younger demographic.
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Up Next for Millennials: Coming of Age, Losing the Hype, and Being Better for It
Howe and Strauss, authors of Millennials Rising, predict that based on generational trends, the Millennial generation’s “complete breakout” will be around 2010. We should be hitting our peak right now, really coming into our own, and attracting a lot of attention for it. And I think, in many cases, we are. Many of the conferences and affinity groups in our sector are starting to provide significant roles and development opportunities for the “next generation,” our generation’s role in the 2008 election is still being analyzed by experts, and let’s not forget the hubbub created around the Morgan Stanley superintern’s report about How Teenagers Consume Media.
Next, however, will come the ebbing of public interest, when people are tired of hearing about who we are as a generation, what we care about and how we are different from those who have gone before. Based on the cycles of previous generations, Howe and Strauss say this should happen in the oh-teens, although it’s possible that social media will speed up that timeline a bit. Then what will we do with ourselves??
This reminds me of a post I read last year by Len Kendall about why he stopped writing about being a Millennial and why he advises others to do so as well. Len practically begs Millennials to distinguish themselves as something great, regardless of age and to resist the urge to use the gimmick of being young, while we can. Yes, there is another generation behind us. Yes, they’ll start getting more attention than us in a few years. They will be the new twenty-somethings with great ideas and new ways of doing things, and we may, for a moment, feel like the forgotten middle child.
Rather than exploring how I am personally distinguishing myself beyond my youth or how this blog is going to stay relevant when the next generation is the hot topic, I’m concerned with how our generation is going to continue to be relevant, influential and impactful. Our true relevance isn't based on youth. As we’ve discussed before, social citizens can be any age, but the Millennial generation has defined the social citizen. Millennials’ relevance is now, and will continue to be, based on our unique way of looking at problems and shaping our society. And rather than lamenting our generation's inevitable fade from the list of hot topics, I’m frankly looking forward to being a person with a unique way of meeting a challenge and not a YOUNG person with a unique way of meeting a challenge. We don’t need youth as a novelty to gain a seat at the table.
Just as Boomers continue to be relevant, we will stay relevant as we come of age. We will always be Millennials. As the buzz around our generation is dying, we will also begin taking the reins in business, politics, government, media and nonprofit work. I get all tingly dreaming about some of the ways the characteristics that make us Millennials will continue to impact all aspects of our society.
We prefer partnership to hierarchy. Will we improve the way that our organizations, and even governing bodies, work by releasing more control, collaborating more than we are competing and eliminating careful bureaucracy? How will we treat the generation entering the workplace behind us, and how will that spur innovation?
We blend the sectors and structures. As is already being demonstrated with our affinity for social enterprise and cross-sector partnerships, we connect our values and causes to our jobs and our shopping habits, and we reject the belief that doing good is the responsibility of just one sector. As our buying power increases, will we force business, more broadly, to make more environmentally and socially responsible decisions? Will we demand that nonprofits function more like businesses? Will models like TOMS Shoes replace business models that are purely profit-driven? What will the new standards be for Corporate Social Responsibility?
We value transparency. With online personas created by all of our blogging, facebooking, and tweeting, it’s nearly impossible for individuals to set a hard line between professional and personal and for organizations to limit the information circulating about them to what comes out of their communications shop. Will our standards be compromised as we knock down the walls between our personal and professional lives? Or will we set new standards for transparency and openness?
We are globally aware, globally connected and globally concerned. The effects of globalization and technology have helped us to realize that it IS a small world after all. Will our increased concern, connection, and sense of responsibility regarding our neighbors in other countries and cultures make a significant impact on their lives? Will our institutions be more active and quick in preventing genocide, oppression, and other injustice around the world? Will we be more peaceful?
We are idealistic and optimistic. Having rejected the cynicism of the generation before us, we are convinced that change is possible and that we can make a difference. Will this lead us to try outrageous things that others haven’t? Will it increase our willingness to put trust in each other and institutions to do the right thing?
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Make it a Day On(line): MLK Day Virtual Town Hall
On Monday, the Points of Light Institute and HandsOn Network will bring the nation together in service, dialogue and reflection during the MLK Day Virtual Town Hall to honor the memory of Dr. Martin Luther King. For those of you who have made it a “Day On” already and have found a service project in your community, thanks for your service. For those of you who are stuck in front of your computers on Monday, don't worry, you can tune in and join the interactive dialogue here.
- 8:00 a.m. Welcome Remarks by Congressman John Lewis and Michelle Nunn
- 8:30 a.m. Hands On Atlanta, Annual King Summit Freedom Rally
- 10:00 a.m. Greater DC Cares, Powell Elementary School in Washington, D.C.
- 11:00 a.m. Youth HandsOn at PS 57 James W. Johnson School in Harlem
- 12:00 p.m. Hands On Sacramento at Quinn Cottages
- 1:00 p.m. HandsOn Greater Phoenix at South Mountain Park
- 2:00 p.m. Special Live Announcement
- 3:00 p.m. United Way of Greater St. Louis at St. John United Church
- 4:00 p.m. Closing and Call to Service in 2010
Also, there are opportunities for social citizens of all backgrounds to get engaged. If you're a web professional, developer, graphic designer or new media professional who is willing to volunteer your skills for the common good, consider taking the MLK Day Technology Challenge. The purpose is simple: to connect schools and non-profits that have technology needs, including skills training and mentorship, with the skilled volunteers who can help meet those needs.
For more information about MLK Day of Service opportunities near you, visit serve.gov. Whether you choose to "make it a day on," or "a day online" let us know how you plan to honor Dr. King's legacy.
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