Let’s take a trip down memory lane
With the game talker, native new yorker
Gators on my feet, formerly british walker
Yes love, that’s how it was before
When you was funky fresh or down by law
Parlay with your crew at the corner store
Carrying a boom box ’til your arms were sore
We be wildin’ on the corner free stylin’
Or politickin’ ’bout doe we see piling
– Big Daddy Kane (2 Da Good Tymz)
I’m super excited about the 10-10-10 initiative that Tom Higley is planning for this Fall in Denver. The premise is that 10 entrepreneurs will spend 10 days in Denver working on 10 “market opportunities”. In other words they’ll be trying to solve big problems. Opening up a diverse set of market opportunities to leading entrepreneur’s from across the country under such a time constraint will unleash some amazing innovations.
It formalizes something I love most about living in a “startup city”, which is open dialog and problem solving with other creative people. It’s a really natural process, and for entrepreneurs it happens very casually. Any problem we have is an opportunity to think of a solution. We’ve done a poor job integrating this type of open daydreaming into the creative problem solving process recently. We’re in the business of getting more done, faster, and we’ve all been rushing solutions.
By flipping the traditional incubator model of selecting teams and solutions on its head, Tom and a group of entrepreneurs are recreating this natural process into something fundable (with $500,000 in seed funding on the line). Which entrepreneur reading this wouldn’t want to be part of those brainstorming sessions? Knowing that there is cash and press behind selected teams raises the stakes and focuses everyone’s attention for 10 limited days on finding the right solution.
One thing I know for sure, we’ve got a lot of solutions in need of problems, it’s about time that we have an event focused on the problems first. If nothing else, we won’t be creating another “twitter toilet paper” app.