33 takeaways from social capital 2016
TRANSCRIPT
![Page 1: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/1.jpg)
![Page 2: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/2.jpg)
Top takeaways from the inaugural
Social Capital Conference
Adelaide, 7 June 2016
![Page 3: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/3.jpg)
Entrepreneurship is growing faster
than commercial ventures
It’s a great time to be an
entrepreneur
@martinhaese #SoCap2016
![Page 4: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/4.jpg)
Socent looking
for impact investing?
Be clear on what you're willing
to give up to get funding
Don't compromise your vision
@andrewmontesi #SoCap2016
![Page 5: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/5.jpg)
Developing an app?
Always focus on the user first
@andrewmontesi #SoCap2016
![Page 6: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/6.jpg)
As a startup, a lot of people
are quick to criticise…
But not so quick to help
or offer advice
@andrewmontesi #SoCap2016
![Page 7: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/7.jpg)
Want partnerships?
Don’t be afraid to reach out.
(How to partner with Harvard,
Microsoft and more)
@andrewmontesi #SoCap2016
![Page 8: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/8.jpg)
Socent or startup?
Watch out for burn out.
Check in with yourself – are you still
passionate about the project?
@andrewmontesi #SoCap2016
![Page 9: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/9.jpg)
We need to change perceptions
about profit for socent.
It’s ok to make a profit.
It’s ok to be successful.
@andrewmontesi #SoCap2016
![Page 10: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/10.jpg)
Startup or socent founder?
Be clear on how much time
and energy you're willing
to invest in your startup
Paul Daly #SoCap2016
![Page 11: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/11.jpg)
Not comfortable talking
about money?
Talk about resources instead.
Ian Callaghan @b9ian #SoCap2016
![Page 12: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/12.jpg)
Breaking through the myth
that socent produces
lower quality products
Ian Callaghan @b9ian #SoCap2016
![Page 13: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/13.jpg)
At the core, commercial ventures
and socent have the same aim:
To solve a problem.
Ian Callaghan @b9ian #SoCap2016
![Page 14: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/14.jpg)
Rather than fighting for the
small pool of grant funding…
Create products you can sell
It’s a much bigger opportunity
Ian Callaghan @b9ian #SoCap2016
![Page 15: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/15.jpg)
Don’t sit on your ideas
Jump in and test your
ideas on the market
Ian Callaghan @b9ian #SoCap2016
![Page 16: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/16.jpg)
Get the doors open
There’s no such thing as
a finished product
Ian Callaghan @b9ian #SoCap2016
![Page 17: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/17.jpg)
The market is always bigger
than you think it is
Ian Callaghan @b9ian #SoCap2016
![Page 18: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/18.jpg)
Figure out what you are most
passionate about…
And spend your life doing it.
Jana Matthews @janamatt #SoCap2016
![Page 19: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/19.jpg)
The advantage of small budgets…
Thinking can get lazy when
you've got a big budget
David Paterson #SoCap2016
![Page 20: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/20.jpg)
Advice to socent investors…
Invest your intellectual capital &
relationship capital before you
invest dollars
David Paterson #SoCap2016
![Page 21: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/21.jpg)
Paul Edginton #SoCap2016
BARRIERS TO SOCENT GROWTH
Shame, pride & fear
![Page 22: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/22.jpg)
Paul Edginton #SoCap2016
BARRIERS TO SOCENT GROWTH
Talent will never sink
you. Idiosyncrasies do.
![Page 23: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/23.jpg)
Paul Edginton #SoCap2016
BARRIERS TO SOCENT GROWTH
Hope is not a strategy.
![Page 24: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/24.jpg)
Paul Edginton #SoCap2016
BARRIERS TO SOCENT GROWTH
Don’t solve problems.
Create value.
![Page 25: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/25.jpg)
Two scary words for
socent executives:
Decide & Refuse
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH
![Page 26: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/26.jpg)
Tough love that almost
led to a walk out…
Your staff are not your clients
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH
![Page 27: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/27.jpg)
If you want to grow
and you don't love
making money…
You need to hire
someone who does
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH
![Page 28: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/28.jpg)
Create mini rebellions
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH
![Page 29: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/29.jpg)
Go big, or get out.
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH
![Page 30: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/30.jpg)
Make yourself available
to make mistakes
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH
![Page 31: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/31.jpg)
Forgive yourself
for mistakes.
Be tough on issues,
and soft on people.
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH
![Page 32: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/32.jpg)
Challenge your board
to ask the tough questions
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH
![Page 33: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/33.jpg)
You can't always choose what
happens to you…
But you can choose how
you react & respond
Gill Hicks @MADforPeace #SoCap2016
![Page 34: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/34.jpg)
Start with purpose
When you’re clear on your why
things will fall into place
Gill Hicks @MADforPeace #SoCap2016
![Page 35: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/35.jpg)
When you work in
social innovation…
Persistence is a given
Carolyn Curtis @carolyn_tacsi #SoCap2016
![Page 36: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/36.jpg)
Hungry for more?
These SoCap takeaways
were curated by Jenny Vandyke,
author of The Innovation Recipe.
For more innovation takeaways,
cheat sheets & guides:
zumbara.com.au
![Page 37: 33 takeaways from Social Capital 2016](https://reader031.vdocuments.net/reader031/viewer/2022030308/58ecfdb51a28ab1a338b457b/html5/thumbnails/37.jpg)
Join the conversation on Twitter
@JennyVandykeAu
@SocialCapCon