Ukraine shows more of us need to talk about and act on risk

Is the Ukraine Crisis a gray rhino or a black swan?

A black swan event is an unforeseeable event. A gray rhino is risk that some people do talk about, and act on.

“The [gray rhino'] concept is meant to inspire more people to recognize and act on obvious dangers ahead of time instead of looking away."

~ Michele Wucker, author of The Gray Rhino and You Are What You Risk (and my longtime pal from New York days!)

Click to read Michele Wucker’s post answering the question “What gray rhinos does the Ukraine crisis reveal?”

Hello, I thought when I saw Michele’s post “Some Thoughts on the Ukraine Crisis” today. It really struck home.

In order for more of us to recognize and act on obvious dangers ahead of time means… that we need to learn from people who do talk about and act on risk.

We need to see these people in our network who gauge risk ahead of time and act on it, instead of looking away from them, instead of pooh-poohing what they are saying or doing about a risk they have spent time considering and we have not. We need to follow them and read what they share.

Think of a person in your world who talks about risk and takes action that we all should be listening to about the gray rhino risks they perceive today. We have a lot to learn from them.

I'll tag Shefaly Yogendra Ph.D. who is especially good on risk in the boardroom.

Marketing that makes you feel senile

What comes after FOMO? YAMO: you already missed out.

Email cold outreach these days (like all those insurance robocalls) makes you think YOU missed something -- you have to keep reading because you're already lost.

They start in the middle of a sentence, or refer to people who are not cc'ed and you've never heard of, they call it a 'follow up' to 'an invite' you never got, and say it's such a pleasure to connect with you, as if you already connected.

It's hard out there, I get it, but this is gaslighting.

Wake up to history. The Spanish Flu has always been our model for this pandemic.

“Do not think you are entitled to special privileges”

— 1918 Spanish Flu Guidance

People are NOW making Spanish flu comparisons that everyone can understand the relevance of. 18 months ago they could not be bothered to understand why people like me were talking about the present-day parallels with the Spanish flu.

Better late than never, but this world is reeling. We need to learn from history — faster.

The Spanish Flu was helping me make early sense of the pandemic as I wrote here.

It’s important for our understanding to note how today’s pandemic might also differ from the Spanish Flu as a model…

…namely, this is particular globo-politico-socio-technological moment in which we live.

Here’s how I’d wrap it up. We are not only facing a Spanish Flu situation but it’s impact is being compounded by a newly dangerous and destructive environment.

The September Issue: Drop is "the future of delivery"

“What does it look like when a pre-Series A startup is on newsstands in three national industry magazines at the same time? ”

— Like this!

Congrats to the young diverse team at Drop Delivery which Marijuana Venture calls in its cover story "The future of delivery".

Marijuana Venture writes: “After revolutionizing delivery tech in 2020, Drop Delivery is empowering businesses with even more customizable features to improve efficiency and increase sales.”

Women & Weed calls CEO Vanessa Gabriel “the delivery diva”.

Cannabis & Tech Today says Drop’s on a mission to help retailers optimize their day-to-day operations and delivery services with cutting-edge technology for a monthly subscription fee. That’s the SaaS model.

Why am I writing about Drop?

If you missed it, I’ve been pleased to be bringing my experience to Drop as their chief operating officer since last November!

The tech + cannabis industry space is having a particular moment, as legalization spreads to more states and during the pandemic “cannabis has become an essential household item.” California, which began adult-use sales in 2018, saw consumers rise to 45% of all adults in the first half of 2021 according to BDSA’s business intelligence and market share tracking. Consumption is on the rise across the nation.

“Cannabis has become an essential household item. Consumerism has exploded. Delivery is the future.”

…and the news does not stop.

Yesterday, Drop won the Poseidon Asset Management Green Shoots Pitch Forum, a special event that connects top-performing cannabis companies across all verticals (licensed and ancillary), with accredited investors. It’s organized by Poseidon, a first mover in the cannabis investment space named Top Hedge Fund Q3 2020 by Barclay Hedge. Winning sends Vanessa to pitch to investors on stage during MJUnpacked in Las Vegas in October, an industry conference for brands, retail executives, and investors.

Unmentionable wins! Actually, it was a tie: Judging the finals at another exciting venture bootcamp at UC Berkeley

“And the winner is...hard to describe in front of a bunch of people I just met.”

Had a fun morning meeting all the bright-eyed and bushy-tailed brilliant students, program coordinators like Justin Wong and Simran Kaur and Anika R. and other venture judges and Silicon Valley investors like Alexander Walterspeil (head trader at Indaba Capital Management), Brandon Drew (General Partner at SaaS Growth Ventures), and Bob Upham of Tess Ventures to hear the pitches for Gigi Wang’s Berkeley Method of Entrepreneurship Bootcamp Final Presentations.

I’ve been mentoring and judging Bootcamps at Sutardja Center for Entrepreneurship and Technology for about five years since I met Gigi at the European Innovation Academy in France. Every Bootcamp is different but they’re all a whirlwind of inspiration and learning, and a shot in the arm of what my fellow startup mentor Pamela Day calls “Vitamin S”, for Students.

This year in my track we heard four startup ideas developed during the week’s Bootcamp accelerated process. I was joined by two venture capitalists: Bill Reichert, Partner at Pegasus Tech Ventures; and Shuonan Chen, general partner at Innovation Overflow Venture Capital.

“We chose two pitches, it was a tie! ”

“One winning team, described as 50% ‘hipster’, proposed a second-hand furniture service for student communities.”

The tie was between a second-hand furniture service from a team that self-described as 50% hipster and delivered an all-bases covered pitch including customer validation and operating expenses on their financial projections; and a company that I found intriguing, but not easily mentionable during my one-day appearance at Bootcamp.

Most years when I can, I enjoy mentoring the teams during the week leading up to the final, giving me a chance to get to know the entrepreneurs and advise their team formation and development of their venture pitch.

I didn’t have that chance this year, otherwise I certainly would have had more time to construct how I might present Anvio as winners, live on the Zoom to all participants. Somehow I still did that within minutes of hearing of them (waiting for the video of the event to recall exactly what I said without using the term the team suggested: “sex toy”, this is FAR MORE than a toy). And now I’m struggling to describe it here, on the Internet where nothing ever dies.

I’m not sure I want to rank for these terms in perpetuity….

“I don’t want to rank for these terms yet I see the need for this intimate smart device and subscription service …there’s definitely something there with this sexual wellness training tool. ”

…there’s definitely something there with this sexual wellness training tool.

There’s something there in its not-often-enough-spoken-of problem, its ‘non-gendered’ solution, a knowledge and support community, a data-driven wellness option, an intriguing new smart device, a relationship aid, a subscription service for a monthly box of related products, and still there is so much left unsaid.

You’ll have to look for it in the slides above!

As Shuo Chen suggested during the judging, the Anvio team can always start with a MVP (minimum viable product) of a box subscription and discussion community as they continue to research and develop the intimate electronic device itself, and design and build the mobile app that supports it.

This particular problem space may be hard-to-talk-about (sort of, Teen Vogue famously covered it in 2017, and incited a backlash for erasing women — calling them “non-prostate owners”) yet the problem is a known source of trauma for millions of newcomer practitioners.

“Ok, ok. Enough prevarication.
You might call the Berkeley Bootcamp winner I championed...

’A SMART BUTT PLUG’.

Yep, went there! 😱”

Phew, I said it and I’m still alive. (Now to watch my website ranking skew over time…)

Let’s put it this way. This winning formula is…

Anvio = a not-often-spoken-about problem + a non-gendered solution + a knowledge/support community + a data-driven wellness option + an intriguing new smart device + a relationship aid + a mobile app supporting a subscription service for data + a box subscription service for related products.

Congrats again to all the hard-working BMOE teams for a great Final Presentations Day. I look forward to what you do next!

Ringing the bell at the New York Stock Exchange with a unicorn company!

I was walking down Wall Street last week. It was 90 degrees and muggy, a moment of after-lunch calm. As I passed the historic, columned stock exchange I over heard a New York Tour Guide talking to a group of tourists.

Pointing to the facade announcing Owlet Baby Care’s IPO, she said: A baby went public today.

“A baby went public today.”

— Wall Street Tour Guide

Not quite, but funny!! The connected nursery startup Owlet is 7 years old and now it’s a publicly listed newcomer on ‘the granddaddy of stock markets’.

I called out into the quiet street, ‘‘They make smart socks that measure blood oxygen and other vitals to alert you if your baby is in trouble.”

“Good to know,” a man in the tour group called back.

Seriously, this happened.

A spunky JLo could play me in the romantic comedy where a scene like this would be more likely to take place.

It is good to know.

Owlet says they’ve monitored the health of 1 million babies.

When Burc joined them in 2020, we discovered that unlike other startups both of us had worked with in San Francisco, Los Angeles, New York, and Istanbul, almost everyone we mentioned it to knew this Silicon Slopes Internet-of-Things (IOT) product. They had either used it with their own infants — some were on their third device — or had just gotten one for a coming birth, or had given one to a friend with a budding new family.

I waved and kept on walking. I was going to meet my husband and the president of Owlet around the corner before we were due to gather inside ‘the center of global financial markets’, the NYSE, for the closing bell ceremonies that mark the end of the day’s trading.

Photobombed by a Faberge urn

That urn over Burc’s shoulder — it was always in focus, he was blurry — was “produced by House of Faberge, gifted to the exchange by Czar Nicholas II of Russia in 1904 for listing a $1 billion bond issue”.

After passing stock exchange museum pieces at the entrance but not getting to look at them, like the original Thomas Edison stock ticker machines I noticed just at the elevator, we assembled in the classical revival Board Room that hosts world leaders, celebrities and business icons before heading down to the trading floor. There were cookies.

That big clock

is the original 1867 clock used to mark time behind the president on the original NYSE trading floor

There was a short program about becoming listed on the exchange, a ceremony with a commemorative coin presentation by a stock exchange executive who joined the team on the balcony downstairs, and a speech by the CEO Kurt.

Congrats to my husband Burc Sahinoglu & everyone at Owlet Baby Care for going public as a unicorn (translation: that’s “a company with a $1+ billion valuation”) and for ringing the closing bell at NYSE last week!

It was a stellar New York summer day, finished by a cruise around the island getting to know Owlet founders, executives, family, board members, and investors, enjoying the sunset breezes over enduring landmarks and stunning new developments.

I’ve said it before and I’ll say it again, I love New York!