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The IXN Thought Leadership Podcast Series is one of the channels my firm, Mi6 Agency, uses to broadcast thought leadership content from members of the Intellectual Xchange Network.
Key subject matter experts in the areas of Finance, Enterprise Performance Management and Analytics are members of this by invitation network. Robin Smith, is a member of this network as well as Silicon Halton. Robin, is a subject matter expert in eCommerce, data integration and supply chain. Donna Papacosta, another Silicon Halton member, is my producer for this podcast series. This podcast is sponsored by SAP, but IXN members are not paid nor are they spokespersons for SAP.
In this edition of the IXN Thought Leadership Podcast Series, Stephanie Gruber (Solution Principal at SAP), William Newman (Managing Principal at Newport Consulting Group LLC.), and Silicon Halton member Robin H. Smith (founder of Virtual Logistics, Inc.) discuss the integrated and intelligent supply chain
This episode of the IXN Thought Leadership Podcast series was recorded April 17, 2013.
Show Notes Below:
01:08 Introduction of guests
03:04 Discussion of the most important issues facing mid- to large-sized organizations today when it comes to their supply chains, from communication breakdowns to “audit theatrics” and more.
08:50 Big changes to SCOR 11 are discussed; Stephanie considers it an industry best practice.
13:20 The Supply Chain Council says supply chain costs account for 60% to 90% of overall expenses, and a 5% reduction in supply chain spending can increase income by more than 40%. Robin, Bill and Stephanie talk about how CFOs can uncover these costs.
17:45 What about the elephant in the room? Is all data being gathered and used productively throughout the supply chain, and is it timely and accurate?
22:16 The experts share their views on the ideal supply chain. It’s not a pipe dream.
This podcast is also available on iTunes.
To read the full outline and transcript please download the IXN Thought Leadership Podcast Series, Episode 2 PDF file. Silicon Halton members interested in applying to become a member of the IXN can contact me directly to learn more.
A very interesting interview with Dr. Jeff Cornwall [Bio | Blog | Linkedin | Twitter] and Venture Capitalist and Co-founder and Managing Director of Accelerator JumpStart Foundry Vic Gatto [Bio | Blog | Linkedin | Twitter].
In this interview Vic talks about investing in startups very early (uncommon), about how he invests and the types of returns he looks for and over what time horizon.
He goes on to talk about the importance and role local tech focused startups are playing in the long term economic development of Nashvile. He emphasizes the importance of businesses starting and staying in Nashville. My favourite quote is: "People come to Nashville and don't want to leave". He's referring to startups that form and choose not to move to Silicon Valley, New York, Boston etc. This culture and climate attract people who want to live, work, stay and grow the Nashville startup and tech scene.
Enjoy the interview and tell me what you think by leaving a comment below or participating in the members only discussion here.
[00:58] How is Solidus different from other VCs?
- business model and types of deals funding
- not typical in that they invest very early on which is not how traditional VCs invest
- their fund is not a closed fund, instead it's an evergreen fund with investors more patient and not bound to a particular
[03:35] Which deal to pick and and invest and why?
- more than an art than a science
- looking for 10 times return on his capital between 2 and 12 year time horizon (avg 7 years).
- on $1M he is looking for a $10M payout. He's looking for 1 in 4 investments to provide this type of return
- what he looks for in founders when talking to them at the kitchen table exrperience, talent and passion; ability to recruit a team to follow them, get their first clients
- will ask about market opportunity; is it too competitive, will you get meaningful market share?
- invests more in the founders based on experience and ability to execute and succeed
- It's who he invests in and less than the idea that matters
[05:58] The General leading the charge for local accelerator. His, and other’s work on building a local accelerator
- 18 people got together and were integral to making local accelerator, Jumpstart Foundry, a success
- started with one client and focused on getting model right...walked before they ran
- took time to get proof of concept right but balanced this with the need get started; did not want to get bogged down with too much planning
- now at 127 participants; goal is 50% from outside of Nashville and 50% from within community. Mixing these groups is good.
[11:00] Entrepreneurial potential was there but Nashville was stuck (complacent?)
- growing group of people thought the entrepreneurial community had to diversify; the tale of two Nashvilles.
- Existing markets, healthcare and music, won't innovate that fast because they are mature and establshed. But, newer markets need to be created with technology being a market that Vic wanted to focus on. He has tied innovation and technology startups with existing markets (music and healthcare) to help them innovate
- next steps is for some of the local startups to become “big”. He refers to Moontoast and Change Healthcare as local Nashville companies that have potential.
[14:45] The Local Experience!
- local talent, technology students and technology entrepreneurs WANT to stay in Nashville. Don't want to move to tech hot spots (they’re becoming one!).
In Halton we’re proud of the technology companies that already exist and their successes. But, there is a need to focus on helping them grow AND making it possible to start more of them in Halton region.
We need to show that Halton is a fertile area for young people and older folks to hatch a technology idea, develop a product, build a company and contribute to becoming an economic and employment engine.
Game developers that graduate from Sheridan college should be inspired and supported to build their own gaming companies here in Halton. Startups, once hatched, should want to grow into the next HootSuite or RIM and not become the next Google acquisition. Established technology companies should be jazzed with the idea that they will be supported via a pool of local talent, supportive government and a community like Silicon Halton, Silicon Peel and Silicon Simcoe.
All organizations in Halton need to become more aware of what’s available locally in the areas of talent (young and older) when it comes to the rich base of technology professionals, service and solution providers that live and/or work in Halton. These individuals and companies can transform their business by helping them leverage technology to reach new markets, to serve customers in new and innovative ways.
Where does Oakville, Burlington, Milton, Halton Hills and Georgetown stand when it comes to a concerted strategic effort in the development and growth of the ICT sector over the next 10 years? It took 18 people representing various organizations to form Jumpstart Foundry. Who would those organizations and people be for doing something similar in Halton? My hand is raised. Anyone else?
How can we create a technology and startup ecosystem that focuses on growing and keeping technology companies in Canada. If you look at the Infographic below what does the Canadian version of this look like?
[Click here to enlarge]
Chris Herbert is the founder of Mi6 Agency. Mi6 Agency creates B2B social networks & communities that build reputations, generate results and make markets. He is the founder of ProductCamp Toronto and the Hi-tech community Silicon Halton. He tweets under the handle @B2Bspecialist.
Silicon Halton is launching Sales Success Workshops. The first workshop is scheduled for ay 2013. We've launched a Member Poll asking which interactive seminar would provide the most immediate impact for you. Poll: http://ow.ly/jrg9S
Feel free to add comments to the LinkedIn discussion thread here.
(ed: This poll resulted with the launch of the first Sales Training workshop. Details here)
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Silicon Halton is a grass roots hi tech community of people who make a living, make meaning and make things happen in technology in Halton Region. We're about three key things: Technology, Community and Growth.
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