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The Los Angeles chapter of the Founder Insitute , the startup incubation program run locally by Ken Rutkowski, is gearing up for its Spring Semester, saying that it has added a number of new mentors for the semester. Other mentors to the effort include Elon Musk (Tesla/SpaceX), Kelly Perdew (Fastpoint Games), Michael Robertson (MP3.com),
base of operations and SpaceX’s significant presence has born a number of talented hardware and engineering startups. He is a talented investor and longstanding leader in LA’s Techstars community, and has been an essential and valued mentor for the program for the past four years.
I offer here their summary of purposes and inspirations that have motivated existing business leaders, with insights from my own mentoring and coaching experience. Elon Musk , for example, has been able to achieve SpaceX success largely by tying efforts to the future of mankind in their travels to other planets.
And while none has yet had the lasting power of the much bigger NorCal successes I imagine his next moves will continue to be closely watched by those in the know and the countless younger LA entrepreneurs who count Rosenblatt as a mentor may leave an even more lasting impact.
Take a hard look at SpaceX or HyperLoop. Those who proactively seek knowledge and learn fast build knowledge pools and tap into the wisdom of mentors and industry leaders to raise their game. He recommends imagining creative solutions to a problem to “cut through the noise and focus on the signal.”
As a startup mentor and advisor, I often contemplate what makes the difference between winners and losers. The best business people are also the best mentors and coaches. His focus on SpaceX, Tesla, Solar City, and other initiatives all have a large component of “shaping the future,” as well as meeting business objectives.
Take a hard look at SpaceX or HyperLoop. Those who proactively seek knowledge and learn fast build knowledge pools and tap into the wisdom of mentors and industry leaders to raise their game. He recommends imagining creative solutions to a problem to “cut through the noise and focus on the signal.”
For example, no one should be convinced that Elon Musk is following someone else’s lead as he charges ahead with Tesla, SpaceX, and other initiatives. Personal leadership is setting your own direction and making real decisions first. Of course, this kind of leadership has a big risk, since you have no one to blame if you get it wrong.
Take a hard look at SpaceX or HyperLoop. Those who proactively seek knowledge and learn fast build knowledge pools and tap into the wisdom of mentors and industry leaders to raise their game. He recommends imagining creative solutions to a problem to “cut through the noise and focus on the signal.”
Many people believe that new ideas are the critical element of innovation, but in my experience as a mentor and investor, long-term business success is more about implementation than ideas. Whether you are a business professional in a big company, or an entrepreneur with a startup, innovation is a key strategy.
I believe these same mindsets are equally applicable to the entrepreneurs I mentor, and all of you small business leaders, so I offer you my summary of the authors’ conclusions, paraphrased here, with my own insights: Be bold in vision, strategy, and resource allocation. Get organization alignment through culture and talent.
The realm of an entrepreneur is all about change, but in my experience as a mentor to business founders, I hear too much about incremental change, and not enough about revolutionary change. Great entrepreneurs cross industry boundaries to find synergies, and are constantly in learn mode on several fronts.
Take a hard look at SpaceX or HyperLoop. Those who proactively seek knowledge and learn fast build knowledge pools and tap into the wisdom of mentors and industry leaders to raise their game. He recommends imagining creative solutions to a problem to “cut through the noise and focus on the signal.”
Elon Musk is a great example of an entrepreneur who is always pushing himself into new learning opportunities – moving from PayPal to SpaceX, Tesla electric cars, Hyperloop, to OpenAI. Asking for mentoring, and being a mentor are both great ways to build relationships. Increase the strength of your network of relationships.
For example, in the entrepreneur world there are people like Elon Musk , who has demonstrated not only innovative ideas, but also impressive results in SpaceX, Tesla Motors, and Hyperloop. In the enterprise environment, Jack Welch led GE through 600 acquisitions in emerging markets, to a market value of $280 billion.
Elon Musk seems to be highest on this list these days, with his record-setting order rate on the new Tesla Model 3 all-electric car, and well as groundbreaking progress on SpaceX and SolarCity. Everyone wants to support the entrepreneur with the courage to make bold decisions, and can make it happen.
It may be the case that the engineer friend of yours at SpaceX won’t be able to join simply because she’s supporting her parents back home. More likely, the company is building something the superconnector is passionate about and involving them as a mentor would excite them. Too much pressure may put pressure on your friendship.
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