Jobs In Startups

I get asked this same question, or some variation of it, a LOT.  So many people are interested in the Orr Fellowship and the post-grads' careers that come through the program that this question is almost a staple of any new conversation struck.  Similar questions include:

What do you want to do after you finish?
What kind of venture are you interested in?  Technology jobs in Indianapolis?  Business jobs in Indianapolis?
What's the next step in your entrepreneurial career? 
Where do you see yourself in 5 years?

And the list goes on... and my answer is always the same: I need to wait and see.  This sort of answer frustrates most listeners, as it probably should.  Even worse, it frustrates me because I WANT to run a high growth start-up, full of all the excitement and wonder these sort of organizations are known for.  And Im young.  Now is the time to make mistakes, right?  Without having to worry about not being able to recover from a bust, with plenty of time to recover my life and my career right?

Yes.  But no.  A May, 2008 study by the Kauffman Foundation found that twice as many tech saavy entrepreneurs start businesses in their 50's as they do in their 20's, with an average age of start-up founders being 39.  Not 20, not 25, not even 30.  39.  To me, this says that experience is a great teacher, but more important is the kind of experience; being a former CEO of three failed start-ups at 30 might be great experience to lean on, but it probably isnt as effective as working within and learning how start-ups and small businesses should be run to build successful organizations.  There is a proverb that goes something like "yesterday's tracks are tomorrows guides", and this is a perfect example of that; so, the first part of my answer to "why havent you started a business yet?" is: Why make the same mistakes you can learn from watching others?

There is a second part of my answer, that is more complicated but Ill do my best: circumstance.  Start-ups, especially technology start-ups, need the right circumstances to survive and grow.  The team, the idea, the implementation, the market, everything needs to be well understood and in place before Ill want to touch money.  Many a good idea have failed because they were missing a piece of the entrepreneurial puzzle, and all the hard work, long nights, and missed sleep was wasted.  The thing is, we usually never hear about these companies, the ones that fail.  Thats part of what makes entrepreneurship so attractive: we really only hear about the successes, and so it seems (to the untrainted eye) that starting and owning a business is easy as apple pie.

For me, I will choose my opportunities wisely.  And only when I am ready will I become that ever-so-coveted title of  "entrepreneur." That could be tomorrow, or it could be never.  The numbers (and my own brain) are telling me it will probably be a while.  But then again, who knows?

We've all talked about our host companies and what makes ours better than the rest, but how are these companies chosen, and why would someone want to work for an entrepreneurial company in Indianapolis?  In order to shed some light on the Orr Fellowship host companies, I have given the information in a question/answer format.

Q: What is a host company's role in the Orr Fellowship?
A: Orr Fellowship host companies have the responsibility of providing their Fellow(s) with a unique experience that cannot be found anywhere else.  We want these companies to give their Fellows important projects that help them learn and grow as a working professional.  In addition, we require these companies to provide their Fellows with ample exposure to executive-level management so that they can become more comfortable in that type of an environment (this is exactly what we're talking about when we say that the Orr Fellowship is one of the best networking opportunities in Indianapolis).

Q: How are host companies selected to be involved in the Orr Fellowship?
A: Although this process may seem unscientific at times, that's probably because it is.  However, host companies are invited to join the Orr Fellowship if they've successfully demonstrated their ability to move at a fast rate of growth, created an environment that is conducive for great learning experiences, and have emerged with a product/service that has the ability to thrive in a changing society for years to come.  Overall, we seek out companies that we're confident will provide our Fellows with a wonderful two years of experiences coupled with strong promise of job security with that particular company.

Q: How long are host companies allowed to be involved in the Orr Fellowship?
A: There really isn't a straight-forward answer to this question.  There have been companies like ExactTarget and Angie's List that have been a part of the Fellowship essentially since the beginning.  However, some companies participate for a year or two while others take Orr Fellows for four, five, and even six years.  We typically allow host companies to be in the Orr Fellowship until they've grown out of the stage of being a small, entrepreneurial start-up or until they've shown that they no longer are a suitable company for an Orr Fellow to work in.

 This year the Governor Bob Orr Entrepreneurial Fellowship has agreed to allow twenty host companies to participate in our program.  Over the years we've made a conscious effort to grow the organization - and this year we've finally made the decision to double the size of next year's class.  So why have we decided to take so many more Fellows?  With an increase in name recognition in Indiana, and the development of a strong reputation among business leaders, we've experienced a tremendous growth in the amount of applications that we've received.  It's because of this recognition that the Orr Fellowship has proven itself to be one of the best places to work in Indiana.  With that, I want to go ahead and congratulate those candidates that have moved on to the final round of recruitment.  You've managed to set yourselves apart from the rest of the competition and have proven yourselves over and over again.  Good luck to you all on Friday and I look forward to meeting the Orr Fellowship Class of 2010!
 

While many of you out there are suffering from a case of the Mondays, I, on the other hand, am coming off a weekend buzz that will surely last me for the rest of the year.  What happened that was so great, you ask?  Well, on Saturday the Little Giants of Wabash College defeated, smashed, and slaughtered (I think you get the idea) the little Tigers of DePauw University in the annual Monon Bell football game.  The prize - the infamous Monon Bell that has been passed from victor to victor for the past 116 years.

As Natalie Ciambrone, a fellow Fellow of mine, so eloquently noted in her post regarding the Monon Bell game last week, this unique tradition does bring people together from both sides of the rivalry.  In fact, many of the Orr Fellows were able to meet up this year for some friendly trash-talking before the game.  You can see what went down from the picture below (that's Katie Veatch and myself, in case you were wondering).  With both schools well-represented in the Orr Fellowship, this little rivalry will certainly remain a topic of conversation for many years to come.

Ok, ok, so it's about that time in the post that I have to say something enlightening and at least half-related to the Orr Fellowship.  Well, here's my valiant attempt at doing so.  Historically, many Wabash College and DePauw University students have been successful in securing their place in the Orr Fellowship.  But how are these liberal arts students even remotely prepared to take jobs in these fast growing Indianapolis companies that inherently require experienced employees with a great deal of business-related knowledge?  The answer is simple, really.  These two universities do a tremendous job at teaching their students how to think and learn effectively.  In a sense, working in a start-up company is extremely similar to getting a liberal arts education.  While at Wabash, I remember taking classes in Theater, Art, Music, Economics, Math, English, and Religion (just to name a few).  In a way, it was extremely difficult to develop a way of thinking that was sharpened to be single-discipline minded.  It is this flexibilty and broad way of thinking that permeates within a entrepreneurial business which often requires its employees to wear many different hats while performing day-to-day operations.

So why do I think that liberal arts students make great Orr Fellows?  They make great fellows because of their ability to think critically while still keeping all interests of the business in mind.  This, I propose, is an invaluable skill that every business, whether small or large, needs to look for when it comes to hiring.  So, no matter what your background is in school, or what discipline you ended up studying, just remember - the Orr Fellowship is looking for students that can fill a variety of roles within a company, while working hard and learning to thrive, no matter what they end up doing.

On a lighter note - ding, dong, ding, dong, ding, dong...

Sorry Dannies, that's the Monon Bell that will be ringing in Crawfordsville for at least the next 363 days...  Better luck next year!

• Instant access to Host Company executives and Indiana business leaders
• A social network of the other Fellows and alumni 
• Monthly business leader meetings and professional development opportunities
• A chance to reassess at the end of the 2 year Fellowship - go to grad school, change companies, start your own, or stay with your Host Company 
• and of course there are MORE reasons...

People often misunderstand the value and cost savings that effective Supply Chain Management (SCM) has on everything we interact with day-to-day. In fact, over the past 15 years SCM has become the dominant way companies compete. For example, in the early 90’s it took roughly 104 days for a box of cereal to get from the factory to the supermarket (over 3 months for those of you wondering if I do good math). Through optimizing their supply chain, the grocery industry over the past 15 years has been able to save over $30 billion.

On the surface, supply chains seem relatively simple; most chains are only 5-7 ‘links’ long. However, modern day supply chains have become overwhelmingly complex (see image above). The internet boom and growth of sophisticated communication technologies allow companies to reduce material and shipping costs through the strategic sourcing of raw materials used to make ‘stuff’. As such, it’s the job of the supply chain professional to find cost effective and strategic ways to integrate these complex supply chains, reduce lead times, and sync sales channels.

I get asked quite often what I do at Brightpoint. I quip that I answer emails and ship cell phones. Then there is an awkward silence as the supplicant stares at me whilst I conjure up a lay-level explanation of “what I do.” It’s a difficult question for most recent college grads who have found technology jobs in Indianapolis. Much like ‘Supply Chain’, 21st century careers are unique post-graduation jobs, and jobs in fast paced companies are difficult to understand. Try explaining corporate blogging to someone, or why they should pay money for consumer reviews, or why Indianapolis business careers kick ‘SaaS’…it’s complicated. But these types of 21st century and high-growth company jobs, like Supply Chain Management, will be differentiators in a global economy.

The Governor Bob Orr Fellowship provides jobs in startups like Bluelock, Compendium Blogware, Canteloupe.tv, and Oxygen Education. These companies do complex work for a complex world. If you're looking for fast paced, and complex, 21st century jobs, click here.

• the presence of a network of young professionals like myself to share ideas, concerns, successes, etc.
• the pipeline of Indiana business leaders that fellows are given the opportunity to interact and build relationships with
• the position and ability to join a small, start-up company and, through hard work, be able to make an impact within the organization
• knowing that I'm making a good investment in my career by being in an environment that forces me to learn as much as possible about running a small business