The last company visit of the Business Week 2015 was at Wells Fargo. We were explained that there are two main ways to measure the success of a bank: its assets or its market capitalization. As Europeans, only a few of us have heard of Wells Fargo before. However, Wells Fargo is the largest bank in the world measured by market capitalization. But there are only a few Wells branches in Europe: they are mostly settled in the US and in Pacific Asia.
Category Archives: Information Technology
Tony Liebo, Wells Fargo, Seattle, talks to GEM & SFU students about finance during Innovation Business Week
We had the pleasure meet at lunch time Bert Tong who has many experiences in entrepreneurship. Indeed, he launched Crate Away, a storage start-up which failed one year ago. He came to share with us his experience and explain us how he overcame this failure. The key lesson of this meeting is that relationships between co-founders matter the most. He insisted on the need of complementarity between members of a team. Being a successful entrepreneur is not only about having a good idea but about having reliable and trustworthy relationships. The network is at stake above all.
Chris Devore, Techstars, Seattle, talks to GEM & SFU students about entrepreneurship during Innovation Business Week
On February 12th 2015, we started our first visit in Seattle with Techstars, a start-up accelerator. We had the pleasure to meet Chris Devore, the Managing Director of Techstars Seattle.
Seattle’s area is a great ecosystem of companies, including very famous ones as Microsoft, Amazon or Boeing, and investors trying to support them. In that context, a lot of entrepreneurs try to develop their ideas creating their own business. When they need help, they sometimes try to connect with start-up accelerators as Techstars Seattle. Created in 2010, it is part of Techstars, a global network of start-up accelerators based in Boulder (CO).
We had the amazing opportunity to visit the headquarters of LuluLemon today (11th February) in the context of the business week.
The premises are located in Kitstiliano area in a modern building of four floors. The first department we visited was the design department. We saw the process of creation with people working on prototypes and planning the next collection of 2015. There are three design spaces, each one is dedicated to one customer segment: women, men and kids/teens. Thus employees design clothes only for one type of customers, depending on what they like to design. If an employee is passionate by designing clothes for men thus he or she will focus on doing that.
Invoke was established in 2000 by three founders: David Tedman, Dario Meli, and Ryan Holmes. The company adds value through creating innovative digital experiences. Since the fusion of Invoke labs and Invoke media in October 2014, they have had two main kinds of activities: 1. they are well known for creating digital products such as the HootSuite or Brightkit and 2. they also support tech start-ups.
Manu Varma, Traction on Demand, Vancouver, talks to GEM & SFU students about business model during Innovation Business Week
Second day of Business Week 2015, on Wednesday, 11th of February, started by a company visit of Traction On Demand, located in Vancouver. The company was created 9 years ago and they try to change the way to do business. We arrived in the morning and we were nicely welcomed by several employees of the company. The place looks very friendly and the company offered us some bagels and coffee as a breakfast.