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Mining for diamonds in your backyard

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Mining for diamonds in your backyard

  1. 1. Mining for Diamonds in Your Backyard This presentation is made freely available. If you use any information, please attribute it to John Warner, InnoVenture LLC. To inquire about John Warner presenting to your group, contact him at JohnWarner@InnoVentureCommunity.com or 864-561-6609. You can find more information about participating in upcoming InnoVenture Forums and Conferences at InnoVentureSoutheast.com
  2. 2. John Warner
  3. 3. Mining for diamonds in your backyard
  4. 5. “ We’re planning to build and test ultra high-speed broadband networks in a number of trial locations across the United States” February 10 39 Days until Google On Main !
  5. 6. <ul><li>John invites several colleagues, including Aaron von Frank to discuss Google fiber to home RFP. </li></ul>Yeah. Not sure what this has to do with Google, but what the heck… . Hey, it’s the InnoVenture and Swamp Fox guy! February 22 27 Days until Google On Main !
  6. 7. <ul><li>John creates a Google document asking how to achieve key objectives. </li></ul><ul><li>Aaron envisions Google On Main: </li></ul>“ On Saturday March 20, 2010 Greenville citizens are going to form the world’s first and longest human Google chain in history.” February 28 21 Days until Google On Main !
  7. 8. <ul><li>Aaron called a meeting of young creatives at Orange Coat International Headquarters </li></ul>Glow sticks would be cool! We Are Feeling Lucky! You’re crazy! Google sites & services! March 3 17 Days until Google On Main !
  8. 9. <ul><li>Few Small Problems To Overcome: </li></ul><ul><li>No public announcement / zero public awareness </li></ul><ul><li>No website or social media presence </li></ul><ul><li>No money, no permission, no insurance </li></ul><ul><li>The city says it is impossible to do in the time frame </li></ul>You’re crazy. . No prob. Just get me some coffee. March 7 13 Days until Google On Main !
  9. 10. Inspired conversations among colleagues… March 11 9 Days until Google On Main ! 22222222222
  10. 11. <ul><li>Make sure the city will let us submit permits if we meet their requirements </li></ul>Mayor White’s response: “ I’ve got your back.” Aaron to Mayor Knox White: “I guarantee you that I will turn this into a (safe, family-friendly) spectacle that will be seen around the country and around the world.” March 12 8 Days until Google On Main !
  11. 12. <ul><li>Find an organization to cover the $millions in insurance required. </li></ul><ul><li>Find an organization willing to submit our permits. </li></ul>March 13 7 Days until Google On Main !
  12. 13. <ul><li>Raise $4,500 in 24 hours to cover costs. </li></ul><ul><li>Order port-o-johns and medical personnel. </li></ul>Email from John to colleagues: “Aaron indicates he needs a budget of about $4,000… I am writing to ask if you will join me… ” March 15 5 Days until Google On Main !
  13. 14. <ul><li>“ Notify” Main Street businesses about Google On Main. </li></ul>March 16 4 Days until Google On Main !
  14. 15. <ul><li>Aaron orders his first helicopter (little nervous that Visa fraud alert didn’t call about this - or the 2,200 glow sticks for that matter). </li></ul><ul><li>He also releases the Google On Main “Instructional Video”. </li></ul><ul><li>Arrange for the video and photography </li></ul><ul><li>Identify and train the volunteers </li></ul>March 18 2 Days until Google On Main !
  15. 16. <ul><li>2,200 people start coming out to play. </li></ul><ul><li>Missing sign in sheets & volunteer who printed them. </li></ul><ul><li>Can’t communicate between Falls Park & the Peace Center. </li></ul><ul><li>Encouraging text messages among team: </li></ul><ul><ul><li>“ No cops are here! The park is still full of people!” </li></ul></ul><ul><ul><li>“ We’re not ready yet. Stall!” </li></ul></ul>March 20 0 Days until Google On Main !
  16. 17. Greenville to Google: “ We’re feeling lucky!”
  17. 18. “ Thousands of people assembled in Greenville clutching their colored glow sticks…”
  18. 19. How do you mine for diamonds in your backyard?
  19. 20. Be an artist
  20. 21. Be an artist Find the artists
  21. 22. Envision The Future
  22. 23. Identify Your Champions
  23. 24. Script The Process US Constitution US Declaration of Independence Vision Process
  24. 25. Celebrate Diversity
  25. 26. Grow Trust With Your Colleagues
  26. 27. Engage Your Community
  27. 28. Our City Food Shelter Clothing
  28. 29. Our City Food Shelter Clothing Food Shelter Clothing Food Shelter Clothing
  29. 30. Our City Food Shelter Clothing Food Food Shelter Clothing Food Food Food
  30. 31. Our City Food Food Shelter Clothing Food Food Food Shelter Food Clothing Shelter Shelter Shelter
  31. 32. Our City Clothing Clothing Clothing Clothing Food Food Food Food Shelter Food Clothing Shelter Shelter Shelter
  32. 33. Our City Food Food Food Shelter Food Clothing Shelter Shelter Shelter Clothing Clothing Clothing Clothing
  33. 34. Our City Food Food Food Shelter Food Clothing Shelter Shelter Shelter Clothing Clothing Clothing Clothing
  34. 35. Our City Food Food Food Shelter Food Clothing Shelter Shelter Shelter Clothing Clothing Clothing
  35. 36. Our City Food Food Food Shelter Food Clothing Shelter Shelter Shelter Clothing Clothing Clothing
  36. 37. Our City Food Food Food Shelter Food Clothing Shelter Shelter Shelter Clothing Clothing Clothing
  37. 38. Plato’s City One man is a farmer, another a builder, one a weaver. There are diversities of natures among us adapted to different occupations. All things are produced more plentifully and easily and of a better quality when one man does one thing which is natural to him and leaves other things. Plato, The Republic , 360 BC
  38. 39. Innovation Creating value at the intersection of evolving customer needs and evolving technical capabilities.
  39. 40. + SanDisk MP3 Player Napster Online Music Tony Fadell had the idea of combining an MP3 player with an online music library.
  40. 41. + SanDisk MP3 Player Napster Online Music Tony Fadell had the idea of combining an MP3 player with an online music library. MP3 companies were not in the software business Music companies were not in the hardware business
  41. 42. SanDisk MP3 Player Napster Online Music Steve Jobs understood that this created a new market for personal portable music.
  42. 43. Innovation 1 organization Unmet Customer Needs Diverse Capabilities 9 potential combinations
  43. 44. Closed Innovation 3 organizations 27 potential combinations Unmet Customer Needs Diverse Capabilities
  44. 45. Open Innovation Exponential Explosion of Opportunity 3 organizations 81 potential combinations Unmet Customer Needs Diverse Capabilities
  45. 46. Creative Tension Diversity Drives Growth Specialization Drives Productivity
  46. 47. Operational Excellence Secures the Present. Innovation Excellence Secures the Future. Roger Milliken ROGER MILLIKEN
  47. 48. The creation of new growth businesses is where quality was 30 years ago. We can understand the variables that effect the success of new businesses and succeed with much higher probability than has historically been the case. Clayton Christensen, Harvard Business School
  48. 51. Who is the customer, and what are they trying to do that is difficult, expensive, or inconvenient? “ Half of your customers are vegetarians?” 7% Macrobiotic 15% Vegan 15% Low salt 14% Low carbohydrate 19% Low cholesterol 25% Low fat 52% Vegetarian Customer Profile
  49. 52. What is the vision large enough to attract the talent and resources to realize it?
  50. 53. What is 100% of what is required to completely satisfy the customer? Store Depart- ments Merchan- dising Store Design & Location Retail IT Systems Vendor Relation- ships Community Relations Associate Training Customer Education Natural & Organic Food
  51. 54. What are the specific, measurable milestones that must be achieved to deliver the solution? Store Locations Georgia Athens, GA North Carolina Asheville, NC Asheville, NC (South) Boone, NC Charlotte, NC (Ballantyne) Charlotte, NC (South Park) Greensboro, NC Raleigh, NC (Brier Creek) South Carolina Charleston, SC Columbia, SC Greenville, SC Tennessee Chattanooga, TN Johnson City, TN Knoxville, TN
  52. 55. Jim Cockman Chairman, Sara Lee Food Services Division Marsh Collins CEO, Bi-Lo Joe Pearce CEO, PYA Monarch Max Lennon President, Clemson University Bill Burton CEO, Cafes Enterprises (Fatz Restaurants) Roger Derrough Founder John Warner, Chairman President of Capital Insights Who is the leadership with a successful track record of doing what is required?
  53. 56. Who is the leadership with a successful track record of doing what is required? Mike Cianciarulo CEO Gary Jones, CPA VP & CFO Jim St. Charles VP-Real Estate/Construction Lucinda Austin Director of Human Resources Chris Darling Director of Operations Troy DeGroff Director of Sales & Marketing Bonnie Cathey, CPA Director of IT
  54. 57. What resources are required, and where will they come from? <ul><li>1997 One store and $7 million in revenue </li></ul><ul><li>Open second store in Charleston South Carolina $ 750,000 </li></ul><ul><li>Acquire of third and open fourth store </li></ul><ul><li>Recruit Mike Cianciarulo as CEO 1,600,000 </li></ul><ul><li>Co-invest with outside investors Recruit Gary Jones as CFO 750,000 </li></ul><ul><li> 3,100,000 </li></ul><ul><li>Fourteen stores and $100 million in revenue </li></ul><ul><li>$50 million sale to Monitor Clipper Partners Distributions to Capital Insights $17,200,000 </li></ul>
  55. 59. World’s 8 th Largest Mega Region
  56. 63. Michael Bolick, CEO of Selah Technologies: When Matt Gevaert presented Clemson’s carbon dot technology, I sat up in my chair and wondered who else was taking notes.
  57. 64. ©Lab21 May 2010 LTD INC <ul><li>New US Headquarters </li></ul><ul><li>Expanded US Research and Development </li></ul><ul><li>New Personalized Medicine Focused Laboratory </li></ul><ul><li>New Products Distribution / Manufacturing </li></ul>UK Parent US Startup N American HQ
  58. 65. in Greenville
  59. 67. Let’s go diamond mining! Forums presented by Diamond Anchors Product Visualization presented by SiMT IT as a Career presented by CESM Advanced Materials presented by Michelin Nanotechnology presented by NanoCenter Alternative Energy presented by Millkien Smart Homes presented by Sealed Air InnoVenture Southeast 2010 Conference

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