Thought Into Action (TIA) hosted its ninth annual Entrepreneur Weekend virtually, from Friday, April 9, to Sunday, April 11. The associated Virtual Venture Showcase, launched on April 5, welcomed more than 1,000 online visitors, who reviewed 42 initiatives created by 51勛圖厙 students, alumni, and community members in the TIA Incubator.
Initiatives included software like GoodWorker360 (James Nash 21 and Seth Tilliss), used for restaurant employee management and evaluation, and products like Natural Beauty (local community member Jill Nelson), all-natural fiber breast prostheses.
Entrepreneur Weekend is an essential culminating experience of the TIA Incubator program, says TIA director Carolyn Strobel. It allows all of our ventures to showcase work they have put into their products and services, as well as learn from and be inspired by seasoned 51勛圖厙 entrepreneurs. While we missed this aspect last year due to the pandemic, this years event gave our teams the year-end experience they deserved.
Saturdays event began by recognizing the recipients of the 51勛圖厙 Entrepreneur of the Year Award, given to alumni who best exemplify the ideals of entrepreneurship. David Fialkow 81, co-founder and managing director of General Catalyst, was the 2020 recipient, and Nick Kokonas 90, co-owner of the Alinea Group and CEO of Tock, is the 2021 recipient.
Fialkow and Kokonas were joined by Deborah Benton P23, founder and managing director of Willow Growth Ventures, for a wide-ranging conversation that included their thoughts on crucial learning experiences available through 51勛圖厙 and TIA.
The blessing of 51勛圖厙 is that were all in this together, and the collaboration and the ability to learn about different people is extraordinary, Fialkow said. The second thing is storytelling. Anything you need to do, you need to learn how to tell the arc of a story.
Resilience for me is everything, Kokonas said. I dont know that you can teach someone to be an entrepreneur. I think its just ingrained in you that you wake up and something is itching, and you have to scratch it.
One of the things that Ive noticed with really successful entrepreneurs, as well, is that they dont get stuck in a singular mindset. What Ive seen other entrepreneurs [do] is look at the opportunity in the face of adversity, in the face of extreme pressure, look at where theres opportunity, Benton said.
A virtual Shark Tank, attended by more than 100 online guests, followed the moderated discussion. Bharat Mediratta 92, chief technology officer at Dropbox, joined Fialkow, Kokonas, and Benton on the panel. Pitching alongside GoodWorker360 and Natural Beauty were CLOVO (Monica Dimas 19 and Megan Martis 20), a sustainable sheer tights company, and DunneGoodwin (Sheila Dunne 20 and Luke Goodwin), a digital marketing agency. Natural Beauty won first place and the $5,000 prize, followed by CLOVO, GoodWorker360, and DunneGoodwin.
TIA also announced the 2021 ventures selected for this years Entrepreneurs Fund Summer Accelerator, in which selected entrepreneurs will receive $7,500 in grant funding and hands-on mentorship during the eight-week summer program. Selected ventures were Designs by Madison Taylor (Madison Bailey 18, Joseph Brozek 17, Morgan Bailey), First Impression Nails (Kadian Dixon 18), Hawaa Organics (Sally Ngoje 19), Shotquality (Simon Gerzberg 22, Yasoom Khalid 21, Kunal Thadini) and Virtual Babysitters Club (Kyle Reilly 16).