Thursday, January 14, 2010

At One Time DE Was A Truly Innovative Leader In The Country

When I saw the tweet earlier today about the glory days when Delaware was considered one of the true innovative leaders in the country, accompanied by some encouragements to inspire the state to recapture its position; it immediately reminded of a post I wrote about a month ago, Why Coworking? Why DE? Why Now? The premise of this post was to discuss the reasoning behind Wes and I's decision to bring coworking to Delaware. In that post our reasonings were based mostly off of us envisioning Delaware as a clean slate, waiting for people to decide what happens next. Now, I see this picture of Delaware as a good thing, and as a bad thing. The good being, Delaware would seem like a very conducive place for new ideas and start-ups. The bad being, Delaware is going to have to either find some way of attracting these new ideas and start-ups, or inspire the people currently in the state to become these new ideas and start-ups. Either way, I see it as a tough path since it seems other states now have a formidable lead on us (Delaware), due mostly to us (Delaware) being content to only be known for financial institutions and incorporation services. 

On the other hand, I do also see this as the most opportune time to take action, otherwise I would probably be employed in the financial services industry, unfortunately. So, do I think Delaware will be able to regain its position amongst the other leaders in innovation, you ask. I would have to say yes, but only if we as Delawareans join together as a community to force this progress, you see many is always better than a few, and WHEN this community begins to make progress, others will follow and the rest will be history. 

LETS ALL BE FAMOUS!

Posted via web from Wes & Steve are The Dumb Kidz?

Wednesday, January 13, 2010

Don't Let Age or Experience Shatter Your Dreams

I have wanted to follow up watching the biography of Ferdinand Porsche with a post, however I couldn't think of what to talk about until it hit me this moment, so here it goes:

While watching the biography, the most interesting thing that stuck out to me was the resiliency and creativity Ferdinand possessed at such a young age. For instance, he was tinkering with his own inventions revolving around electricity and batteries at age 12, nowadays your typical 12 year-old would only think about tinkering with his PS3 or ipod ( and not the inventive type of tinkering of course). Then, by age 25 Ferdinand developed what was the first ever hybrid car, using two electrical/gas engines that powered each front tire of the then enormous carriage-looking car. And as if making it a hybrid wasn't enough, he also created a car that at the time was considered one of the fastest, reaching a blazing 9mph top speed. Of course, after all of this he went on to create Porsche which I am sure you all have heard about.

So, my point to this story is that age is simply just a number when it comes to new innovations. If you don't believe me look at Mark Zuckerberg, or Elon Musk, or Kevin Rose, or even the dudes from Youtube. The parallel between all these people is that they all had great ideas, but little experience in each of their respective industries. This lack of experience or their age, however did not deter them from seeing their idea to fruition. Now, you might say, well the reason each of these people succeeded to the point they are today is because they got their idea into the hands of the right people or the people with the experience to make their ideas scale. My response would be that I agree, although I would also say that the thing that separates this group from everyone else, is that they actually had the nerve to turn that great idea into something the experienced people (i.e. VCs) would want to be part of.

To close, I would just like to reiterate that age and experience should not mean that you cannot make your dream happen. Look at Wes and I, I am sure you probably have heard the story of how we went from reading an article on coworking in Entrepreneur Magazine, to putting together a team that could help us bring coworking to DE in just under 3 months. And what's my age again? .......... That would be 23.

Posted via web from Wes & Steve are The Dumb Kidz?

Tuesday, January 12, 2010

TNT: coIN Loft brings coworking to Wilmington

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According to Wes Garnett, Delaware is the only mid-atlantic state that does not have a coworking space.

“It’s not just because no one has started it,” he says, “but because no one has even heard of coworking.”

Much like many Philadelphians, Garnett sees a northern neighbor taking technology talent from his city when there are plenty of reasons to stay home. Though Delaware is well-known as a tax shelter for large corporations, the state hasn’t exactly been rolling out the red carpet for entrepreneurs, something Garnett and his partners hope to change through coIN Loft.

“In 2007, Delaware was ranked 50 out of 50 for attracting entrepreneurs. The next year we jumped to 35,” he says. “Either way we suck.”

The life-long Delaware resident, along with business partners Pedro Moore and Steve Roettger, is leading the charge to create coIN Loft, a coworking space in Wilmington, Delaware.  The trio is anticipating opening in March and the space will have 17 desks available in three tiered memberships: basic (a few times per month), part-time (two to three days per week) and full-time. Members of coIN Loft will also be eligible to participate in crowdsourced client projects.

The origins of coIN Loft – short for “community innovation” – stemmed from a October article in Entrepreneur Magazine citing coworking as an upcoming trend in the startup world.  Both Roettger and Garnett saw the space as a chance to change Delaware’s lack of an entrepreneurial mindset as well as a way to attract clients to Verge, their Wilmington-based company that offers consulting services to early-stage startup companies.

The business partners began immediately looking for a space. Something that, as any of the Indy Hall founders would tell you, should come only after a community is established, something Garnett acknowledges.

The floor plan for COin Loft

The floor plan for coIN Loft. (click to enlarge).

“We did everything backwards, it’s in our nature to be running really fast to the things we want to do,” he says.

In researching a space, the group also came across a real estate developer shopping around a coworking space dubbed the name “Verge Coworking,” ironic given coIN’s consulting gig.

“It’s like in school when you wanted to talk to a girl you thought was hot and she turned out to be your best friend’s girlfriend,” says Garnett. “It was like the Twilight Zone.”

That coworking space eventually fell through, but that won’t stop coIN Loft’s urgency. The group just signed a year lease, and the group, using roughly $25,000 of outside investment and $25,000 of their own funds, and is beginning to renovate the space as weather allows.

“In Delaware things just take forever,” he says of coIN Loft’s urgency. “People really want to see things change but most people just sit on sidelines.”

coIN Loft’s organizers say it has a handful of verbal commitments for full-time members and has seen interest in the Wilmington community as a next step for the city finding its identity. The community, which has already held two Ignite events, even created an entire neighborhood dedicated to housing creative professionals.

“If we could build the reputation of coIN up,” he says, “it will make people say: ‘These guys [in Wilmington] are just as talented as anyone else.”

Every Monday, Technically Not Tech will feature people, projects, and businesses that are involved with Philly’s tech scene, but aren’t necessarily technology focused. See others here.

Full Disclosure: Independents Hall co-founder Alex Hillman is a current sponsor of Technically Philly.

Posted via web from Wes & Steve are The Dumb Kidz?