LBCC – Innovate Socal 2014 – 1st Panel-“Casting a Wider Net – Entrepreneurs Don’t Swim in Schools”

LBCC – Innovate Socal 2014 – 1st Panel-“Casting a Wider Net – Entrepreneurs Don’t Swim in Schools”


Welcome to the first of four panel
discussions in the innovate So Cal series from January 2014 this program includes moderator John Robinson panelists Jim Jim Jonassin, Elizabeth Stewart and Louis Stewart well it’s great to be back here and again
it’s its on 19 degrees this morning in Kansas City its I early nineteen degrees Celsius here so so its for lotteries and it’s
great to be back I and thank you too to the law into Mayor
Foster arm I want to talk very quickly a little
bit about why Kaufman is here at all I and why we’re working
with with Long Beach City College and with community colleges in general and to put it very simply I’m
Kaufman are is is strongly convinced that the
idea that community colleges are and can be a front door to
entrepreneurship I and the in a valuable contributor to
the innovation economy in communities all around the country on and why we’re here in Long Beach well
there’s a couple good reasons for that but absolutely the most important is I in doing the work that we want to do in
in supporting entrepreneurs through education and access to capital and mentorship I
am we need uphold partners are at the Community College is that we work
with I it’s about progressive leadership I it’s about presidents and and and
their senior staff that that take an expansive vision up what’s
possible in a community college and I are we have definitely found that in the morning and I and his team at
Long Beach City College I and I you know I was talking I’m last night at dinner I’m with by one
of the trustees a college star arm who said that every
college I this in california has these three
missions I’m to to be focused on student success
stern completion and an access to come to college to democracies college arm to be committed
to work force development and to be committed 22 economic
development and that’s a theme that we hear are repeated all over the country but
its it’s rare to be honest to find a school
that is genuinely and in a really meaningful way committed
to to economic development about third piece and we see evidence ample evidence at
Long Beach City College so that’s why we found such a great partner here arm and we seen such great work
being done with 10,000 small businesses are with be the workers the the SPDC
here and and now we’re excited to be working
with them on on innovation from So Cal on so what worked what we’re gonna talk about
us to bring the the other panelists up now or we gonna even announce them to
workers want me to do that okay alright I can do that I’m why don’t
we just ask them to come up an alarm all our introduce them I in a second
here but we’re gonna be talking about I think the title is casting a
wider net are effectively what this is about
though is is democratizing the process all I entrepreneurship oz democratizing
access to the resources make entrepreneurs successful I and it’s about inclusiveness I it’s about increasing the participation
rates from about certain demographic and geographic
groups that are underrepresented it’s changing this idea that innovation
and and high-growth ask a long tradition only happens in
phnom that place that I’m allowed to say
anymore thanks to I’m up north from here on the coast arm that that innovation really does happen
everywhere and I think we’re gonna see evidence of
that in spades as we get into our conversation here arm but very quickly I think you know
physical reasons why this is important arm we r it wouldn’t seem like it based on what we what we look at when we
read about I am so cabal their Senate are soaking bally
entertainment across from what not but but Tom you know anybody with a hundred
thousand dollars in spreadsheet anybody was pretty crazy hundred thousand
dollars in Silicon Valley but but we do know that I’m I the venture capital has declined from
104 billion dollars and I’m in the the to the early 2000’s to about
nineteen billion dollars I am a couple years ago and with the
series a crunch I in which the number eight rounds is
not kept pace with the with the sea dollars awarded our I am
its its lean times in a long ways on and and that even takes into account the
fact that time it’s a lot less expensive to to start
these days but I given that there is a supply has gotten
smaller the fact that some of these numbers around minority participation im in in in in in entrepreneurship %uh the
participation of women are female founders and entrepreneurship
I and and the fact that a lot of venture
capital dollars don’t leave the here headquarters whether the Sandhill Road whether Union Square
North Brooklyn New York or I’m Boston route 128 whatever it might
be I its it’s incumbent upon all of us to
be very proactive in casting this wider net
into understanding that we can find are great deals everywhere are that we
really need to work much harder to incentivize broader participation in the
entrepreneurial experience so with that I’m I’ll consider the stage set up for
our conversation and I’ll do a quick introduction everybody here arm that James massone I found jaja venture search in 2007 Jim brings a rare blend of experience
having led well over 500 searches in his career but also founded and built two successful
software companies previously Jim cofounded Riviera partners search and placement firm and 2001 prior
to Riviera jim was senior vice president and general manager application and
procurement services at Opus 360 corporation which was acquired by our
Terms international gemco founded and was chairman and CEO of people mover Inc which completed its merger with his 360
in February of 2000 R Lewis to work currently serves as the
deputy director are innovation and entrepreneurship in
the governor’s office business and economic development go
bears where he oversees the coordination and promotion with innovative programs
activities and emerging technologies throughout the state of California ago business to do it manages a robust
statewide innovation based economic development support network or regional innovation clusters called
the California innovation carbs or I Hobbs a sixteen I
homes were designed to stimulate local regional and statewide job creation as
well as enhance the awareness visibility and opportunities for
commercialization of the technology is emerging from Gohar I go up from job is I have
partners prior to go business do it served as the
deputy director of the tooth the 2010 census in the governor’s office
a planning research overseeing and directing the statewide
new media outreach and county coordination for the US to
Samuel census in 2010 in California mister
comes from the private sector where he has 17 years experience in
sales marketing and I T he received his bachelor’s degree from
Santa Clara University I was nervous too I don’t think is
related to or married to mister I’m is the cofounder a managing partner pub LA a coworking space accelerator innovation live in community center for
social impact ventures and downtown LA for the last ten years Elizabeth has
worked on environmental and social sustainability with a particular emphasis on water
energy and social enterprise models was with is
the founding director of cause marvelous a collaborative firm
focused on developing infrastructure the furthers the integration up environmental social and economic
considerations create vibrant urban urban places
worldwide she’s also advised cleantech and
community-oriented technology startups prior to starting cause marvelous the
majority of her career has been spent working in nonprofit management and
international development developing holistic and sustainable water and
sanitation programmes alongside small businesses and has worked on sustainable economic
development analyzing the impact recent remanufacturing in green building
trends on jobs small businesses and urban
sustainability here in LA I was with the holes an MA in urban
planning from the University of California LA and a BA in political science so what
I’d like to do is asked the panelists to speak for a few
minutes to kind of split some context around this question and are lay the
foundation for our conversation I and perhaps all ask Louis to start cool a thank you for having me here I’m
not related to Elizabeth I am honored to be occur with a male
model this awesome a her know that I gotta stop on
my side and looking at history about a I I have before to know working for two administrations now
overseeing members controversial from state
currently under Jerry Brown the program hours ago but I
was was codified a which means now I I can actually have
a real program that oversee persists or something but I run around the state
talking about a it is a 16 up two runs to from reading down to to San Diego focus
on everything from to water to energy a biotech high-tech aerospace healthcare you name it so
every day is is a new day for me and quite
enjoyable a around what put on the site earlier as
far as diversification every shot from her
suburban st. a a lot of times when I go to France a I PRI’s as far as if you border color I it’s a pity we just me so I I show up
in a room am and it’s not very diverse so I was very
intrigued by this topic because a lot of what I’m
working on to instill with an invasion Oaks is
actually extending into the community time finding the hard to reach areas
fine and underserved areas in the AM the community that they
can actually start are bringing in the knowledge base it’s
there and introducing kids from okay for 12 I into for innovation into high-tech into
whatever it is that’s gonna community im really working on on foster me ideas and and innovation that that exists most
recently I was at Papillon awards babe I open Silicon Valley puts our
Cisco a and saying there with Ubuntu doctors
and the riverboat scientist and all of a sudden a rap music starts and a good excited
trying not to dance my sleep and the christie’s for kids are rapping about for to Sciences Po that found DNA and a it was around about I’m so they
actually a Watson and Crick purses rosalind
Franklin who actually discovered in a first it was a most precious thing I’ve seen
in a long long time exercise but the next day trying to find other reptile
competitions and there’s only one other one on New York so a my new minute thing is to try to
figure out how to do is cause for SES was cause for appellant but I up hi that terror and of a really excited to be on cannot say
thank you and I think that this is a unique
gathering in conversation and I make excited about integrated the thought of triple bottom line
differences and and democratizing access to the tools
and resources that we need to diversify the basic entrepreneurs and in this country so I’m it’s a unique I think and gather and that there’s a
lotta entrepreneurial gather and then a lotta tech NBC networking going on but with this
particular act back to the conversation it it’s really refreshing thank you protect
them read you know and in integrating this part of the conversation and have Los Angeles is a passion that her I did at landing in London
working on ethical fashion and supply chain management and meeting a whole host divers thinkers and entrepreneurs that we’re
pursuing and new business initiatives but in a way that incorporated environmental or social almond said
triple bottom line this is a social entrepreneurship and I and landed in London and I am i from
working at it the first half and missus fired up by what felt like it camp essentially with
a diverse group for people all kinda collaborating working on their own initiative
definitely be didn’t feel alone and they felt like they had that
camaraderie in solidarity with other folks that are really pretty and eleven
new models add to create to create change through
entrepreneurship and I came back to life than just those in grad school at the
time and started talkin Justin folks about the Clavinova économie the sharing
economy your staged how we can use faced the sternest fuel
and you know that that think enough power
and that often happen just on college campuses around the
country had is that luck when you get outta college how can
we have a second and third and fourth on campus like your college experience
out in the world and really want me I’m embarked on
creating was a third social professional club at the end of the day when you when you
look at it you get access to space you get access to community we have
social event but the layers a what is possible with
the divers membership base to be about 10:30
members open for a year and a half 8,000 square feet space in downtown Los
Angeles which is a growing her where a lot of
people are coming through in craft hiney in a vibrancy came back in Downtown Arts
District and what we found it is by clustering lot to talk about cutting like micro
paper cluster a individuals that are working
across tak and development and consulting and also can the a whole host members
acted in self social entrepreneurs and P percent clattering researched each
other in a way that isn’t necessarily happening if we just
had on parents every just had one industry represented the bigger picture
have LA and a social mission that we’re going
after it had a mi drive special animation at forward and
we believe that first inform us start to the day for
scott section industry skill set and demographic and then we’re playing host which is a
really important component to this it just gather people in space isn’t
necessarily going to get that done that we’re playing host and facilitator and
matchmaker across this whole community at have LA
and we’re doing it the economic model is through membership
membership model that that kinda how we’re putting
together some these pieces to experiment and see what’s possible and we’re running programs right now
that look like accelerators but there’s through membership base so it’s almost that you know can you
arrive on the campus have LA hywell as a member and you have
access to office hours and other members another
act bird you have workshop you can attend social events and and you
can you know basically come and meet with
our team to find resources that you need out in the community or within the
community so this is a model that we’re testing out there actually forty had
around the world tour of the connected to a global network these place and coming from an urban planning background
I my interest was in place making and economic development and how do the
two go hand in hand and so as as much as you know we’re a operating in a very virtual virtual
world these days add you know be impact that having
people gather and face and then kidnapped by I think has really permanent fell
already in the year happy and going where people
are basically free their benefit and growing yep stories we actually have quite a few
members here in the room today exciting cue and sale I’ll leave it at that. in terms
and what we’re up to it have her life and her very cool are I think that the the the metaphor cast a wider net I I think maybe it’s the wrong metaphor
I think the metaphors mining metaphor and ultimately you’ve gotta go to the
place where the gold is to mine Montfort so rather than waiting for the net to kind of gas wider
and come and get you you gotta find it club is an absolute place where there are
things I love unbelievable value in resources and the programs that that the state is
putting on our the that that the Long Beach City College in
and innovate So Cal just amazing arm I’m are I’m headhunter
I’m a career headhunter been doing it for thirty years as I moved to California in the early
eighties arm I’ve also I started for a executive
search firms and three software companies arm I’m really part now of the
professional services ecosystem in the west side of Los Angeles and
Santa Monica that helps to foster intro the tak and digital and media companies
that are there they’re just exploding are from not from the time when I’m I
left isn’t my last up to reduce the software CEO in 2000 between 2001 and 2002 2006 I had got to colo I’ll tell arm for more
than half my time because there just wasn’t enough here going on in the mine called
Southern California and I had to go find work so we went up there we worked a lot
of venture capitalists and Sand Hill Road really hone their craft with my two
partners up there but the universe 6 p.m. he was seven I
saw that there was finally enough here another centers of excellence in enough
on another areas where there were blooming I you know companies ecosystems
of OVA of startups so came back down so that
firm arm it since that time been focused in Santa
Monica santa monica is a place where we have more incubators and accelerators & Co
workspaces than Starbucks coffee shops are it’s amazing how many resources that
have developed their are and how much time what does come
there how much capitals come there much innovation is come there so I’d say
its kinda right up the block and Culver City is the same way are I’ve
been incredibly fortunate over the last decade to work with so many amazing explosive companies here in Southern
California there from all around are so in california QVC give you some
examples hireright base in her mind a company that I like
to stay that we start work with them when they
couldn’t get arrested they went public they were then acquired
by private-equity firm reach local in Woodland Hills armor the
the first meeting I had the early 2000’s with the two founders they’ve gone public now the
founders just left the two founders just left to create a new company so another one of those are
opportunities for serial entrepreneurs keep going Green Dot company in monrovia banking
the unbanked with the innovative financial services Realty
company in beverly hills that puts the 3d technology into the theaters as you
go into company went public about four years ago latest I P o’s cornerstone OnDemand in
Santa Monica the fastest growing software as a
service company in the world they just announced their own incubator
and accelerator in venture fund to create innovative new start-ups in the area are
some the next ones that you’re gonna hear about our companies like the Rubicon project
West Los Angeles that has filed its s-1 to go public
there in at Tech platform per serving ads out onto the internet
mobile open axe as another company in Pasadena 350
employees again I remember when it was one of those garage start-ups company
also gonna call the Law supply formerly known as Leeds 360 there’s a
stoning just Solomon is gonna be on the next panel was one of the founders elite
360 lost by so there’s in it unbelievable morrow
love activity that’s going on but it’s in pockets that you know that
kinda want centralized when I spent a lot of time in Silicon Valley verses LA the difference that I found
was there was no Palo Alto there was no single center when I was in
Palo Alto I can make a telephone call to someone east to Pleasanton are or
south of San Jose and said let’s have coffee tomorrow in Palo Alto they say
what time here we talk about coming from Orange
County delay in its like a field trip we can’t I gotta rearrange my whole
schedule so you know I think we are we r much
more dispersed but we’ve gotta kinda we’ve got a you know we’ve gotta go
where the action is and we’ve got to support those things arm I hope that metrolink would help I’m
not sure that it has i the it’s fantastic to downtown where the Metrolink and bring in town
from Pasadena undermine and all parts in between so there’s a lot of amazing stuff going on
Tom we’ve we’ve been a we’ve been around to see
some revolutions revolution in product development between open source or open source software and cloud-based
services like Amazon Web Services Agile and Scrum base rapid development
of products so you can start these companies much
more are cheaply up marketing and customer acquisition
there’s a center of excellence in Southern California around customer
acquisition online marketing art digital analytics around all the
ways the company’s get revenue and find customers there’s been revolutions in funding
crowd-sourcing a funding the JOBS Act as opened up in enabled any investor to
write a check for a dollar fifty your were a hundred
thousand dollars to invest in a startup with things like Kickstarter outsourcer
so I’m pretty excited about what’s what’s going on I think the
entrepreneurs in the company’s need to get to where the talent in the capital
the action is again to those kinda areas in the mine
so glad to be here and now LePhone print thank you all for for getting us started arm I mean ask a
couple questions and maybe those will create other
questions and what not but then nom and we will open it up to audience
participation and by participation I mean questions
naw sermons I am so start thinking about I what you
would like to ask our Steam analysts I but I’ll go first I I I’d like to many problems to talk a
little bit about the selection process I for the iPod’s
program because there are 16 is that right 16 I
Hobbs in the state on and they are not all in zip codes in the Bay Area you know so on they are really if you look at the
map and I did just this morning they are really spread
across the state in you know in land and an up north looks
like around Davis in into or Riverside and kind all over India you can talk a little bit about where
where they are and what they’re doing but also the process by which you
determined that that there is innovation happening quite
literally everywhere in the state church for so as to what I was saying
the new i haves basically I when I had to scramble to
international audiences about brought some 100 miles a so that I have a compass owada said running down
the San Diego the program started a wreck back in 2010
with just the idea of getting clusters of people together and really centered around University
government and industry working together to create jobs innovation what a job creation is as
long term is not the sort pop you major you may get some stuff with
work for both mister community word were you know
company goes I hope you also may just grow but a lot of times it’s it’s really
working on workforce development working on them but our pipeline working on back to
stock up on all those things but but I hope so it was really the triple
helix it was as happy get those three communities to text work
together and and do a public good a so the process as is really can open a right now all the
innovation hubs are completely self-funded their reasons are completely self to
find they actually apply to the state’s a with what they believe their their
innovation a focuses a and what the region’s so refer to account user foods kind we’re trying to
do a serious because I like it to regionals which is actually good but reversing a
for what’s going on in the area a and be applying through or application process with a three-round
so far a and they apply to a the governor’s office because reminder
economic development we actually have a review panel we pull
together 17-member review committee that spans the he looks right so you
have some industry folks using University folks you have some some
state officials a you have some hear some industry folk
song and you’re very they do all the review a
and what’s your view is done Bay recommends what they believe will be
a successful innovation cluster for the region and then basically go bears takes their
recommendation and and gives the exhibition open innovation so
that’s why you see a diversity you know we may put out helps that so
we’re looking for a certain area but it doesn’t preclude
somebody from from applying with primary that’s
already but sorry that’s already covered so if
somebody want to cover with bio real technically we have to buy oil a
apps we have San Diego we have search Cisco but we’ve
been undergoing efforts with those guys actually diversify with what their mixes so now serves Cisco a has expanded from
the bio stuff to sell Cisco I hope and it covers everything from bio
to fashion to high-tech to the the manufacturer a self-made
economy assuring economy after a and we actually have for john wants to hear
from from one of the newer I hope so for CMMI which is a statewide I O so
that’s the first one that actually covers entire state as the California network for
manufacture integration tennis really looking at how do we keep California number one %uh
in manufacturing as a state I had a dream keep are the job creation
Henry develop the workforce in the future a
for manufacturing a and that’s a pass for a factory in
traditional manufacturing a so you know to answer questions self
doesn’t move itself under a there’s an application process it’s a
review committee that actually go through so so we you
know we we put it in the hands of the committee a and then we go from
there but everybody is open to apply original partnership discover the big
thing arm I’d like to to shift gears a second
hearing and go back to this question around I’m
inclusion boring inclusiveness within the
entrepreneurial community I and this if you’re paying attention
this is something that the you know is no great revelation that that that the the face of the entrepreneur
repair public spaces the entrepreneurs is pretty lily-white pretty male and I the data backs that up the you
know minority of turner’s makeup I’m about 8
percent those who pitch a angel investors I’m with a success rate of around 15 percent
and that’s below the 22 percent that time but business is a total the successor to was a total pitching
angels I similarly I you know only 18 percent
of angel investors are women I and within that BC community
its it’s less than 10 percent at the partner
level on eight-percent of startup founders are
are women on and it’s not just about the founders
themselves to in terms of looking at talent a the number of Computer Science degrees
in one example awarded to women has declined by nearly
50 percent over the past 20 years according to the
NSF so I my question sitting in the example for
all you Paulo I my question is I who who bears the burden of improving inclusiveness is it the funding
investment community a Isaac local a state and and and and federal government educators the
entrepreneurs themselves and would be on spinners themselves and what what are the levers
that we can pull what are the actions that we can take to
improve that inclusiveness and and also other local examples here we can spotlight and all address
that question to really anybody who wants to act to start us off alright back shift in thinking and I you know it it is a it’d very central to that have globally have mission an to diversify democratize access to resources so that
at court and and what these places are trying to do
and what I this founders have broccoli around the
world are trying to accomplish at we my role at the have and and in the community is a lot of a
matchmaking inner intermediation between access to capital
and aunt here is that that were working with our
members and I think a lot about intention and
intention capital and capital the tool and it usually is
connected to the intention the individuals that and you don’t use
that as a resource so I think that in terms the who bears
the burden or who on you know it’s an interesting question
I think at the moment the capital that really
should be further remand I believe are is the
foundation community and at the government that community in
terms that at the Capitol intention I think that’s
where we can expect and started keep the dialogue going about how we unleash capital into this
this space and we are working a lot on and I impact investing and that topic in life
and just like that on the board and advisors and plan to pee and we’re doing
an event second events ever in life and us around
impact investing and at the growing community growing
dialogue and but folks that are looking for triple bottom
line and social returns alongside financial
returns that type the capital I it needs to expand because I
think that a lotta p.m. entrepreneurs the color and that the folks that are starting from
businesses and creating jobs you see opportunities from the experience that
you have and from where you come from so finding market opportunities often
connected to your own personal experiences and ideas for for new businesses and new
models so I think that hi you know we can’t underestimate the
need for capital that specifically dedicated to you female and to to entrepreneurs and color so to speak that capital out I think
actually have star at the foundation community and and government resources to get that
overhauling an because it it doesn’t have to be
jump-started some way you know that other thing that I was
thinking about actually on my way here if the recirculation a capital e talk
about this year on your it not only can be fees and they
keep these be thankful Gallina and which is what we’ve 15
Silicon Valley up we have a lot of a plan for pet and
in communities in South LA East LA to that come from the sport industries and and reinvest and the communities in
these places and if we can start to take that capital and and shifted from just
pure philanthropic our grant-making into hybrid faith and
investment and I think you can really started to change started the pattern that we’re seeing so if if i cant was prophesying I think a I will admit the government probably
has a little bit to to do with this for not necessarily just because we’re were budget cycles go
I’m 0 deficits go a and on on the cup side but I think the government African
stars and political signals to industry about the strength of the
economy %um what’s important up for the growth
of the economy a.m. you know getting getting women and minorities involved in a
restaurant nurse so they can actually start successful businesses and private succeed with new ideas going on
immigration economy so so I think through the work that the we
do it go bears a in partnership with the foundations
and partnership with community colleges in partnership with the workforce
investment boards in partnership with industry other corporate social responsibility
folks and really really folks outside of
government being willing to talk to government when government approaches them iran
says word we’re here to help oftentimes I walk into a room and say
that people laugh at me a.m. and they don’t exercise one because
I’m not coming but secondly I am but I am coming with
access to you know if you look at just
innovation hub network I’m I’m going with access to 700 miles 0
over innovators and entrepreneurs upcoming with access to the National
Labs come with access to maybe an army base is up and down the
state I can talk to you about UAB’s I can talk to you about three
manufacturing talk to you about can talk to go whenever and so now it’s
about exposure how do we do it women women and
minorities exposed to all this technology in all the streets of what’s
happening Alyssa governments and signals that a
while well we don’t support patrolling for military usage but we can actually
support wrongs for for combating fires weaken support drums for for II accuses but then also talking to on the commercialization side to the
navy bases to the labs and saying what great stuff
that the scientists and and tax what’s the average age is typically
about 50 a how do we get what’s on their minds and translated
down to to cater to of ok so they understand that there’s a future I in science and technology Minister a
and am just expose them I was a time out on the lake and page showed me some great stuff third a and in my head I was inspired and I i story
thinkable different connections and all the different people that like to get
down to travel a just expose them to what I saw absorb I you know backup Sacramento start talking
to some the community folks the Foundation’s whatever how do we get
high school kids exposed to what’s going on collapsing
China Lake I am so far a nobody’s been interested because I’m not coming with the truck a
am so so I think you know when doctors or
psych about the community it really does take community to make a
new stuff happening to change it I don’t think for responsible really set
on one person but everybody else for willing to
collaborate to compete in order to change was actually I would say that the statistics it john
mentioned are congress tarnishing I’m embarrassing but the real and what i’ve seen in this
world startups is startups are really part ninety-nine percent up from fail and
with the best investors find out is they take the unfair advantage up
getting engineers from elite schools people from
elite business schools where they have incredibly powerful networks arm brands and companies that have
spawned other companies those are unfair advantages and the job
those investors those dealmakers is to mitigate risk and they will
mitigate risk consul so that’s a reality you gotta deal with
it the other reality in all types from first-hand knowledge from recruiting for these companies in
building management is Ruth thirty years is their color-blind they have no gender
bias they’re looking for skills and if the
individuals bring the skills they will be they will be hired they
will be routine they will be bonus then they will be
incentivized unbelievably I’ve clients were walking to the to the
office is in there like the United Nations unbelievably divers I have quietly
constantly ask for me they say ninety percent of the buying
that goes on on the internet and on mobile is done by women please help us to find
some women come in here to run branding a run marketing a run
sales are run the company we want them at the table we want their
not we want their purview but its up to the individual I think
it’s gonna be a generational thing that’s gonna change over time the fax a real and I don’t think it’s
kinda one group or one foundation one government or education I think it’s gonna come you know from
the individuals that are gonna go out and seek those those opportunities and get to kinda the
places where the feeders into the startups and again
I’m speaking primarily from technology but where they know what were those
things emanated where that risk gets lowered we’ve got some time to turn it over if there are questions
from the audience I can’t really see but I think that
their microphones out there and feel free to approach one if you so
desire and if you could announce yourself from
where you’re from john kelso with the the Jones project was with you
mentioned the triple bottom line can you elaborate on a yeah can and passionate planes little bit
more that term and so it its businesses that are taking
into account the environment social outcome and people along with profit sale 3 3 that we’re talking matter people
planet profit their businesses that might be traditional businesses
like apparel companies are fashion companies that are
deciding to manufacture and environmentally sustainable way organic
hi care about their supply chain maybe have civic hiring practices in our community
so businesses can be traditional and p.m. and then they can also be what we call
social entrepreneurial so first and foremost they’re looking at
official Kat and applying business principles our business model use all official problem though is it or
electronic is a company that got founded at and day cause around recidivism reduce the
recidivism rate and Los Angeles and she paired that job kinda trajectory for
individuals coming at us at present with the recycling
electronics recycling industry that the growing industry in life and us and that is a that that
happened address social and also modeling to what she’s doing no we’re really
looking for next generation and businesses that art
jet concerned only about profit but also are taking
into account people plan because we believe that the neck
wave of innovation have to be social innovation and have to
you include be element in terms of how we do
business going forward that really let the focus is hubs around
the world how do we tried and generate new kinda economy that
takes into account the thing you pick up a local example I never
heard of a triple bottom line I heard double bottom line double bottom one
being do well and do good arm here in Los Angeles I’ve to clients
won the Miss call participant media participant media is owned by Jess Cole
who was with the founders up a Palin has more money than God and I they have
a movie studio to cable television networks in it in a
digital outlet on the bright in films like Linkin and the health and Waiting
for Superman and their constantly looking at changing
the world around five or six key areas another one is west los angeles-based
company called survey to spoil their a Spanish for knowledge is power and
they exist in the most the Latin American Mexican Embassy
is where people spend five and six hours and they provide information on English
as a Second Language classes and how to get a resume done and how to get
insurance and things like that so there probably the most famous one is
in West Los Angeles call Tom TOMS Shoes we’re all pretty pretty well
well aware they are what they call 11 model for
every pair shoes they sell they give a pair of shoes to a a child in an area where where their
were there obviously on the same kind of opportunities so or ma’am gonna go so if you’re interested in the herbs and resources that you’re
talking about how do we find out more about that so for for me a you know you guys can can go to pagodas website or you can hit me on twitter or you can you know see me afterwards agreement to
recover but for renovation programmers is almost a
dollar or on our website business .ca to go a women just like
from immigration to and and everything from Webster a you know just just let you guys know
there probably won’t be another round for a while through regulations we have
to do so so so so so bills passed about getting involved in some other
some stuff for the 16 her daughter is actually quite easy I’m so so we can WGS connected that way I have me we have a website that talked
about what we’re up to you our skinny right to
update it me the ER completely privately restart so really
great investment capital to open firms and individuals in montana that
believe in that sort of social mission on side I entrepreneurship and the are community first and foremost to
take the community to research it fell and that what we’re building so it’s if
not that very participatory nature intended individual and members that are coming
in that were scary each other sharing their skills with the
with one another and so it’s really critical to you for
The Hobbit to come into the community at the protest the pen verses just
someone that is looking to you you know just access to resources and
that kinda the way we’re sustaining and growing ourselves so if that and you something I hurt you
know get something out of it as well and we
can play you enter resources within the have another externally I would say fire up Google and around
Los Angeles every night of the week there are
multiple meet ups and hackathons and coffees and cocktails and checkers and all kinds of things
going on Co work spaces in the incubators the
accelerators and in several organizations there’s an
entrepreneur named jason is our who every a month or so has
an event called startups uncensored and they do it at the miramar share in
San miramar fairmont whatever is in Santa Monica the
four five six hundred people a night and it’s a phenomenal on-ramp to the
archery World he got to get out and you got a good mix it up you gotta
go meet people and do little to that networking and I would say that for for the things
that we talked on this panel and for everything else that we talk about for
the rest of the day out reiterate what I said at the outset
this which is that Long Beach City College is your front
door to a to entrepreneurship your point of
entry into all of this and I know that action you ever and just
eat or as I’m all their team would be more than
happy to handle all hearing right I are certain that I’m in agreement that so being mean on responsible for me I am have a question does anybody here
no programs taken to teach you personal leadership before you keep the
college you get a gift to catch and you got to deal with issues in your own community
and you also have to do the issue within your own immediate cell we train
you to teach them that an entrepreneur it’s
an individual to take calculated risk for private profit initially you don’t even know wouldn’t
be this so tired too so much technology that do not even have been room
relationships so does anybody you have a
recommendation year resource a week utilize help develop personal leadership Boys & Girls Clubs we up to we up to
sponsor the Boys and Girls Club a Venice and Santa
Monica in their programs for media technology leaders in training
their phenomenal programs are open to any kid I would say I don’t know what the local
Boys and Girls Club here but you know that they’ve they’ve now taken
the Santa Monica was a girl scout has now 13 campuses they put media technology centers and
most to them they have leaders in training programs their phenomenal programs available to
you so we also sponsoring a an organization called city your Los
Angeles which puts mentors into the into the middle schools that feed the
dropout factory high schools to try to get kids more excited about education but up with the girls got a great
resource there’s a a STI session to learning and kid Canyon court had that at in a lot of cool in South LA and is
expanding LA there’s lookout which is headed founded by Robert they’re also doing a
lot like leadership and track instead UCLA and regional collagen and other one you be media solutions are you the an to that
point which is also doing a lot of leadership
training well and I’m a big fan of the year I got explosive up in Sacramento a and I’ve love what they do because they
actually use news peer group to to actually go back
down to teach in the Middle School in and baby focus really I’m seventh eighth
and ninth grades as far as mentoring them and try to get
them through high school member come as a virtuous cycle so died like a salir last question sir one mobley Christian thank you for your
great content this is a question for for mister stewart I believe a can you
just describe to the audience how the globe is system will work which
will be really important in with us having the highest tax rates
in the country elimination the enterprise zone program baby how they can negotiate summer those
and kinda what the profile the businesses that can access those tax incentives so you’re for for governors economic growing
packages too much broader conversation them we
have time for today a but I can actually tell you that for looking at other factors that was laid
out place here late last year are you looking at heart
experts are looking at sales tax credits you’re looking at California Peace program but actually
look so income tax credits up to help businesses
compete in California so there’s there’s there’s that avenue that’s
that’s rolling and it started to january first in the second part rules
on July a but we’re were kinda reorganizing how we’re able to compete for for
business again summer major competitors honestly South Dakota
up but that’s all the other ones that we hear
about all the time but we can talk of lime a a little bit
about the if you want all right up until we have time for one
more and I think man you were your next tied 3-3 positive return
training the questions really mister stewart
don’t take it from anyone good news californians earmarked $68
million for the Employment Training panel which is great the bad news is
this pending you know what about a state vendors Center people that are here we have a
diversified trainer workforce we like to get more that work is are we
for the government or your office to help them help the
local companies decide to use in state vendors a so that’s been one of those things
because of political political circles so I think we need to
understand better what what you’re talking about but we work
with with the tip your price range I’ll are all the time a soul go ahead 50,000 this grant is awarded CareFusion
mobile company here fusion can hire I don’t know
exactly who they are hiring okay but I know their ward there they could spend 50 percent about using
out-of-state vendors is ur this is money that’s coming from
the unemployment taxes your players are charged is your way to
try to get them to use in state vendors a request we have to without actually
look at the CareFusion modeling seems to what what all the
rules are around 2p a soldier it as a larger conversation go
Miller think it better alright I think I think that’s it I would die I would
close with a couple quick things I would encourage everybody a to look at our resources on
entrepreneurship .org in Kaufman daughter or their number from remember a valuable
are references to programs and tools and one
on there us a quick point for that I and I look forward to seeing you all
again the first planning meeting 42nd annual innovate so
cal conferences tomorrow morning’s alright
just I so will see you all back here next year I
but then join us today from

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