According to Seed-DB, the excellent source of data for technology incubators and accelerators, the 191 programs they track worldwide have accelerated 3,284 companies (that's 17 companies per incubator/accelerator). These companies received an impressive total of $3,883,835,645 in funding (about $1.1m of funding per company on average) and created 13,076 jobs in the process (which comes down to four (!) jobs per company).
This is precisely why incubators are broken (from a societal perspective) - We simply need more jobs. The World Development Report 2013 published by the World Bank, states that we need to create 600 million new jobs in the next 15 years to sustain current employment rates. 13,076 jobs, created at a cost of nearly $300,000 per job just doesn't cut it.
I strongly believe that we need an entrepreneurship revolution to solve the large societal problems we face. And I see a lot of people talking about incubators and accelerators as a fundamental piece to this puzzle. And yet - current thinking clearly doesn't get us there. 13,076 jobs are not even a drop into the ocean.
I quit my job at Google.
Over the last couple of months it became increasingly clear to me that I need to be deep in the trenches of entrepreneurship. That I care too much about founders, startups and ecosystems that I can do anything else. That I need to be where the action is.
In my blood.
I am incredibly excited to take 2014 to follow my hunches, work with amazing folks like you, grow the startup movement around the world, preach the gospel of entrepreneurship, develop a couple of projects and see where the wind takes me.
I founded an advisory and business development firm specializing in open innovation and entrepreneurship (ten|x). I will do a whole bunch of public speaking. I have some exciting plans for The Heretic. I relaunched my website. I allow myself to be open for opportunities, projects and whacky ideas.
Life is freakin' amazing.
Now - let's put our money where our mouth is and get to work!
A few weeks ago I had the incredible fortune to be on stage with Mike Watt, punk rock legend, founding member of bands such as Minutemen, Dos and fIREHOSE, bassist for the Stooges (Iggy Pop's band). You get the idea – the man is a true legend.
My dear friends at CASH Music, a non-profit which builds tools which allow musicians to represent themselves on the web, organized one of their amazing Summits; this one was in LA and it had me on stage with Mike talking about punk rock, open source and everything in-between. It was epic. Here's the video:
FEPIC is to epic what fugly is to ugly – fucking epic!
And that's how I feel today.
Two short weeks ago I publicly announced my departure from Mozilla. I've been with Mozilla for five years, I had an amazing time there, I am incredibly blessed to have had the chance to work with some of the smartest people in the industry and on projects which were just wicked fun. And over those five years I did a lot of introspection – which led me to realize that I am happiest when I can operate in the triangle between entrepreneurship, technology and global impact. Heck, I even drew a Venn diagram for one of the presentations I give regularly.
Through my work with the Unreasonable Institute, Unreasonable at Sea, Mentor for Good and many, many interactions I had with people in the global impact space it became clear that this is what I need to do next.
And so I do.
Tomorrow, November 11th (coincidentally also the start of the carnival season in my hometown Cologne!) I will join Google Giving.
When I first saw the job spec for this role my mind started racing: It literally read as if I would have written that spec for myself. It's a small and incredible talented team with amazing resources, a massive platform and a huge mandate.
I can't wait to get my feet wet and see what we can do. This is going to be of truly FEPIC PROPORTIONS. :)
Just want to share this with you – Yesterday I sent the following email to my dear colleagues at Mozilla:
Subject: So Long, and Thanks for All the Fish // A Personal Update
After five wonderful years at Mozilla the time has come for me to leave the mothership, follow my calling and dance in the moment by combining my passions for entrepreneurship, technology and global impact.
It has been an incredible time, a great adventure and an unforgettable journey. From the bottom of my heart I want to thank all of you for making, keeping and continuously evolving Mozilla – a truly unique place.
I am eternally grateful to have had the chance to work with and more importantly learn from some of the most inspiring, most passionate and smartest people in the industry, including the original Labs team (Anant, Atul, Aza, Ben A, Ben G and Dion A (they only come in a pair), Brian, Dan M, Dan W, Ed, Jinghua, Joe, Jono, Kevin, Lloyd, Mike, Myk, Ragavan, Sean, Suneel, Toby, Zandr), the incredible WebFWD crew (Diane & Didem), the Identity gang (sorry guys - you're too many to list) and the awesome #MozSummit crew (you know who you are! #amazing #hashtag #<3).
Thank you. You make this place special.
In addition to working with these wicked smart people I must have won the boss-lottery – having had four of the most amazing people as my bosses: Chris, John, Todd and Mitchell.
Thank you. You believed in me and taught me so, so much.
Not to forget my fellow LEADers from cohort one and Athena & Kate.
I love you guys! You made me grow.
And it's not only the people I worked with directly – it's all of you.
You are just incredible!
And yet – as so often in life: Good things have come to an end eventually. So let me leave you with a quote from Alan Watts – may it serve you well on your journey:
"The only way to make sense out of change is to plunge into it, move with it and join the dance."
So Long, and Thanks for All the Fish!
Stay in touch! email@example.com // Facebook // LinkedIn // Twitter // Homepage
Oh - and as someone much wiser than I said before: “Farewell, but not goodbye!” I am working with Mitchell and others on very concrete ways to stay involved. More on that soon.
With deep admiration,
P.S. I will stay around for a tiny bit longer - my last day in the office will be Thursday, Oct 31st when I will leave for a short trip during which I will be available on email and phone. Officially my last day will be Friday, November 8th.
P.P.S. If the suspension is about to kill you and you just need to know what I will be doing next… This.
Truly a must-watch:
In the current edition of the ISPIM Magazine (a magazine for innovation practitioners) you will find an article from yours truly on "Design for Participation".
Head over to the ISPIM website and read the article online.
(This is a repost from my daily newsletter The Heretic. The message is important to me – thus it warrants repeating.)
We need you. We – that is the world. Yes, you read that right. The world needs you.
Let me explain: Spain's youth unemployment rate is now close to 60%. Sixty percent. That is more than every second person under the age of 30 being unemployed. Italy's youth unemployment rate recently smashed through the 40% mark. The same is true for many other countries all around the globe. We have more than 7 billion people inhabiting this planet with an annual growth rate of 1.3%. That means we double the population every 50 years. A friend recently told me that we need 600 million sustainable jobs by 2020.
I fundamentally believe that the only way to get there is through entrepreneurship. We need people like you who are building companies, solving some of the most pressing problems in the world and create jobs doing so.
These are pretty scary and incredibly exciting times. While there is revolutions and uprisings looming, we will also witness the world's online population double in the next 5-10 or so years. Imagine what it will mean for the planet to have 2 billion more people with access to the web, Wikipedia and the global marketplace.
With that being said – we have our work cut out for us. Now is the time. Let's get cranking.
Last week I had the privilege to present a short deck on "The importance of failure" at a conference for entrepreneurs and startups in Germany. The setup was fun – I was in Boulder, Colorado, working with the wonderful folks at the Unreasonable Institute for the week, had about 12 hours of total sleep for the whole week, presented via Google Hangout (i.e. no feedback from the audience for me) and the presentation required me to get up at 5am for a sound check.
It went pretty well (at least from what I can tell from my end – the participants might have a completely different experience) and I posted the slides after the talk on Speakerdeck. A few folks asked me for a voice over to get the full context – and as I am always up for stuff like that, here it is:
Take away the Apple propaganda. Take away the fact that Apple's products are prohibitively expensive in a lot of these settings. Look at it purely from a vendor-unrelated perspective.
This is it. This is precisely the reason why I am in tech. And this is one of our greatest opportunity to change lives and make this world a better place. Through technology. Combine this with the notion of creating economic opportunity and (our) technology has the potential to become one of the most powerful change agents around.
Making a difference. One app at a time.
P.S. For those of you who read this in their RSS readers or can't see the embedded video for other reasons – here's the video on YouTube.