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Penelope Houston - Wild Mountain Thyme (1987)
After leaving the Avengers and hanging out with Howard Devoto, Penelope Houston reinvented herself as an acoustic “folk-rock” artist. This traditional Scottish song (I first heard it as a Byrds song) is interpreted in a jazzy folk style similar to Pentangle. I used to go see Penelope and her band perform in Oakland and Berkeley frequently - quiet, yes but they could swing.
Column: "Film Your Age" By Steven Strauss
Parents don’t really want to see entertainment re-enactments of tweens getting hand-jobs on the school bus and staring at their iPhones - pretty much exclusively watching their own closed-circuit, self-shot, fragmented, friend obsessed, POV content. Often illegal, often sexual. Sometimes mean. Sometimes funny to kids who hate that kid too. (Don’t worry he has own channel on YouTube too. A lot of views.)
The Urban Century: Predictions
Steven Strauss, former head of economic development strategy in New York City under Mayor Michael Bloomberg and a 2012 Advanced Leadership Fellow at Harvard University predicts upcoming changes and challenges in urban areas at The Frederick S. Pardee Center for the Study of the Longer-Range Future at Boston University House Seminar “The Urban Century: Local Challenges, Global Matters” on Thursday, December 12, 2012. Pardee Faculty Fellow Paul McManus, director of Boston University’s Sustainable Neighborhood Lab project, moderated the panel, and Pardee Faculty Fellow Prof. Susan Eckstein of the Sociology Department and Pardee Faculty Fellow Nathan Phillips of the BU Earth and Environment Department also spoke. The entire seminar is available on the Pardee Center website here.
@BUPardeeCenter
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NYC Venture Fellows Week
By David Gilford, Elena Mayer, Ann Li and Steven Strauss Center for Economic Transformation
The all-star first class of NYC Venture Fellows—a year-long fellowship program that connects emerging business leaders from around the world with mentors from leading companies—gathered together in August for a week of events to develop their business networks in New York City. By doing so, the program assists foreign companies in opening offices and employing people here, while facilitating the international growth of local companies.
International Fellows traveled from China, India, the UK, Germany, and Vancouver, Canada to participate. The week gave Fellows an opportunity to connect with each other, spending time sharing the latest developments in their organizations and other best practices since joining the program in December.
The highlights? An entrepreneurship discussion with a cross-section of NYC’s vibrant startup community: Silicon Alley 100 members, NYC Turing Fellows, TechStars, FinTech Innovation Lab, NYC Seedstart, HackNY Summer Fellows, ER Accelerator, and DreamIt New York. “Our mentors, [with] their expertise and their connections, can help us a lot,” said Haidong Pan, founder, Chairman and CEO of Hudong, the Chinese equivalent of Wikipedia.
Carlos Moncayo, co-founder and CEO of ASIAM, a China-based garment manufacturing management company that provides an edge to Latin American clothing brands, said that his mentors Albert Wenger of Union Square Ventures and Ken Hicks of Foot Locker were extremely helpful resources during his explorations on how to expand ASIAM’s global presence.
The program also helped Fellows Olga Kubassova, founder and Managing Director of Image Analysis Ltd., and Felix Haas, co-founder and CEO of event registration software amiando, develop a strong understanding for how to do business in the United States, a market that both believe would be promising for their companies. In addition, both found that doing business in the United States was remarkably efficient compared to their European experiences, as they accomplished significant business development leads in only a few days’ time in NYC.
Another highlight of the week was a visit to Hunts Point to meet with Fellow Adam Green’s social venture, Rocking the Boat (see photos above). Fellows rowed on the Bronx River while learning about how Adam’s non-profit uses traditional boatbuilding techniques and on-water training to help young people in the South Bronx develop into empowered and responsible adults. To brainstorm development and fundraising strategies, the not-for-profit Fellows also met with experts from Fordham University, NYCEDC’s partner in the NYC Venture Fellows program. The Fellows will next be together as an entire class to close out their year in the program in early 2012, while welcoming the next class of Fellows.
Nominate a NYC Venture Fellow
Nominations for the NYC Venture Fellows class of 2012 are now open!
The NYC Venture Fellows program aims to increase collaboration among startup and established businesses, and encourages national and international startups to locate and grow their businesses in New York City. The 2012 class of Venture Fellows, like the current inaugural class, will include 20-30 entrepreneurs from New York City and around the world. The annual program is a joint-effort between NYCEDC and Fordham University. NYC Venture Fellows Class of 2011 We welcome candidates from a wide array of fields: for-profit or not-for-profit, from NYC or abroad. Strong candidates have a history of extraordinary leadership, while their ventures have the potential to create sustainable employment in New York City. We’re looking for entrepreneurs with less than 20 years of professional experience, but already a great deal of success.
Go to www.nycventurefellows.org to nominate a rising entrepreneur by September 15th. Fellows will be selected by the end of the year.
Related posts:
NYC Venture Fellow Week
NYC Venture Fellow: Rachel Lloyd, Social Entrepreneur
NYC Venture Fellow: Adam Green, Social Entrepreneur
Roundtable with Cristóbal Conde, Sungard CEO
Hooknose 1.0 part one
NYC Fashion Production: Survey Insights
By Meghana Gandhi, Susan Huynh, Eric Johnson, Urvashi Kaul, Steven Strauss, and Kristy Sundjaja Center for Economic Transformation As part of Fashion.NYC.2020, we’ve been exploring challenges and opportunities for NYC’s fashion industry. To that end, we launched designer and factory surveys to better understand the issues facing local production—a key component of NYC’s fashion ecosystem. The surveys were conducted in the spring/summer of 2010 in cooperation with the Garment Industry Development Corporation and the Council of Fashion Designers of America. The project was the first time we procured detailed quantitative data on the local production process—we surveyed almost 400 designers and factory owners in total —and led to some interesting takeaways that we wanted to share:
Production inside (and outside of) the Garment Center: While the Garment Center still remains the hub of local fashion production (76% of surveyed factories were located there), other parts of the City also boast considerable concentrations of fashion factories, such as Long Island City and Sunset Park.
NYC factories as a key resource—especially for emerging designers: Over half of all apparel produced by emerging designers is done through local factories. Established designers use Asian factories for most of their stock (81%) and in-season re-orders (72%), but rely heavily on in-house resources (39%) and Garment Center facilities (27%) for their runway samples.
Sample vs. stock production: There’s a close correlation between factory location and type of production (stock vs. sample), with Garment Center factories handling 85% of locally produced samples, or prototypes, and factories outside of the Garment Center accounting for 79% of NYC stock production, or what's on the racks.
The Garment Center as the "engine" of Fashion Week: With its focus on sample making, the Garment Center is at its busiest in the weeks leading up to Fashion Week, when 3 out of 4 factories are at 80% capacity or higher.
Fashion is one of NYC’s largest and most prominent industries; yet the production process in many ways "flies under the radar." It was interesting to examine this part of the value chain and develop a quantitative understanding for how fashion is produced in NYC. Read a short summary of the survey (PDF). We'd be curious to know: what are your thoughts?
NYC Bioscience: Eds & Meds
Session Summary by Jennifer Yoo, Kristy Sundjaja, and Steven Strauss Center for Economic Transformation
New York City’s academic medical centers, non-profits, and existing base of bioscience enterprise represent a significant asset to developing a broader bioscience cluster, which we also call “Eds & Meds.” Last month, for our kickoff CEO workshop for our Bio (Eds & Meds) NYC 2020 initiative, we convened more than 25 CEOs from New York City’s bioscience sector to discuss the strengths, challenges and future opportunities for the bioscience cluster in NYC. Among the attendees were Jack Lasersohn (General Partner of the Vertical Group, a venture capital firm), Eric Rose (CEO of SIGA Human Bioarmour, an NYC-based biodefense company), Todd Sherer (CEO of the Michael J. Fox Foundation for Parkinson’s Research) and Marc Tessier-Lavigne (President of Rockefeller University).
In a voting exercise, those in attendance rated what they perceive to be the key issues facing NYC, as well as the ways to advance bioscience in the City. We present the key findings below.
NYC’s strengths and challenges
NYC has several advantages that support a strong bioscience cluster, including:
Diversity of the City’s patient population
Robust clinical trials environment
Presence of specialized disease foundations and private philanthropy
Local scientific expertise available for due diligence
Funding for basic and translational research
Nonetheless, global changes are transforming the bioscience landscape. Among the concerns raised during our discussion were:
Funding: The industry faces potential decline in NIH funding, and the venture capital ‘Valley of Death’ is a significant disadvantage for NYC.
Cost structure: Coupled with increasing cost pressures in healthcare, NYC’s cost structure is a disadvantage relative to other clusters.
Talent and innovation: NYC lacks a critical mass of Eds & Meds entrepreneurs, especially since the bioscience cluster needs for both serial entrepreneurs and experienced middle managers for new ventures.
Community support: There is a limited sense of the community’s celebrating entrepreneurship in the life sciences and healthcare.
Coordination: There is room for improved coordination in clinical trials and health IT among academic medical centers.
Opportunities
Progress against the barriers discussed above has been made in recent years, but there is more work to be done. Addressing the remaining barriers and capturing the market opportunities require a concerted, long-term effort. The group discussed some early ideas:
Develop the commercial bioscience sector: Scientists would benefit not only from early-stage funding opportunities, but also from partnerships with entrepreneurs.
Invest in young local talent: Produce NYC’s next generation of Eds & Meds entrepreneurs, particularly through mentorship opportunities.
Defend NYC’s status as a hub of first-rate academic research and medical care: Investments in shared research facilities can be increasingly important, as with health IT tools that decrease the cost of care.
Medical tourism and patient recruitment: Provide additional revenue opportunities for the City’s medical centers.
Next steps
NYCEDC is committed to improving the economy of NYC and we continue to believe that the life sciences and healthcare sectors represent an important growth opportunity. In the coming months, we will build on the insights gained from this discussion to explore specific opportunities for NYC Eds & Meds cluster. Continuing to work with our knowledge partner Oliver Wyman, we will follow up on these discussion points in a second CEO workshop to be held in early fall.
What are your thoughts? Add your voice to the conversation and post your comments below.
