INC Magazine 30 Under 30 Growco Conference Presentation: GiveForward
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Transcript of INC Magazine 30 Under 30 Growco Conference Presentation: GiveForward
GrowCo 2015
$16.2 Billion
*Crowdsourcing.org
Innovation
Inspiration
Hurricane Katrina
Change Jar at Convenience Store
If You Want To Innovate, Build Constraints Into Your Business, And Then Swim Downstream, Fast
Constraint #1: We Can’t Code
Constraint #2: We’re Broke
Staged Photos Sent To Mom
May 2008
Reality
Total Company Assets: May 2008
Swim Downstream
Interns
Burritos
Business Card Innovation
If You Want To Innovate, Build Constraints Into Your Business,
And Then Swim Downstream, Fast
Innovation ≠ Brilliant Idea.Innovation = Iterative Idea + Great Timing
2008
If Periscope Launched in 2008
Live Streaming In 2015 Will Crossover To The Mainstream Not Because It’s A Novel Idea But Because It’s An Iterative Idea With Good Timing.
+ +
=
Crowdfunding Interest Over Time
GiveForward launch Tik Tok hits $950K
FB + Twitter Blow Up
1. Innovation is a series of “Aha’s”;
2. Embrace constraints;
3. Pay attention to meta trends;
4. Make innovation part of your culture
Summary