
Inside Outside Innovation
Inside Outside Innovation explores the ins and outs of innovation with raw stories, real insights, and tactical advice from the best and brightest in startups & corporate innovation.
Each week we bring you the latest thinking on talent, technology, and the future of innovation. Join our community of movers, shakers, makers, founders, builders, and creators to help speed up your knowledge, skills, and network.
Previous guests include thought leaders such as Brad Feld, Arlan Hamilton, Jason Calacanis, David Bland, Janice Fraser, and Diana Kander, plus insights from amazing companies including Nike, Cisco, ExxonMobil, Gatorade, Orlando Magic, GE, Samsung, and others.
This podcast is available on all podcast platforms and InsideOutside.io. Sign up for the weekly innovation newsletter at http://bit.ly/ionewsletter. Follow Brian on Twitter at @ardinger or @theiopodcast or Email brian@insideoutside.io
Latest episodes

Jul 19, 2022 • 26min
Using Uncertainty to Drive Innovation in World-Class Restaurant R&D Teams: IO2020 Replay with Vaughn Tan, Author of The Uncertainty Mindset
In honor of our upcoming IO2022 Innovation Accelerated Summit, which is happening September 19th and 20th in Lincoln Nebraska. Thought it'd be nice to pull some of the best interviews and sessions from our IO2020 virtual event. So, over the next few weeks, check out some of our amazing speakers and grab a ticket for the upcoming event. We'd love to see you there. Tickets and more information can be found at io2022.com. And now back to the show. Inside Outside Innovation is podcast to help new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Vaughn Tan, Author of The Uncertainty MindsetSusan Stibal: Today Vaughn Tan will share learnings from internationally renowned cutting-edge restaurant, R and D teams on how to prepare for uncertainty and respond to it with grace and innovation. Vaughn is a London based strategy consultant, author, and professor. Vaughn's book, The Uncertainty Mindset, is about how uncertainty can be used to drive innovation and adaptability. Vaughn is also an Assistant Professor of Strategy and Entrepreneurship at University College London, School of Management. So Vaughn, I'll turn it over to you. Vaughn Tan: Thanks very much for having me and thanks also for everyone who's here. Thanks for joining me today. I just want to say a few things about myself, just as context.I was born and raised in Singapore, but these days, as Susan said, I'm a strategy professor at UCL school of management. I teach courses in how design thinking can update and. Conventional approaches to strategy and management. So I used to live in London, but at this very moment in Corona time, I'm physically located in a very rural part of France in a mountainous and volcanic region called the of van.And this is basically my apology in advance. If there are any internet connectivity problems that develop along the way. So, in any case, my focus as a consultant or researcher, and as an author is I try and understand how to design organizations that are more innovative. And more resilient to uncertainty.And these organizations include businesses, nonprofits, teams, communities. I'm particularly interested as I think the book's title and what I've just said may suggest in the role that uncertainty plays in making businesses better at doing innovation work. And I think that's maybe a little bit counterintuitive. And I'm going to unpack that a little bit more in the rest of this talk.I got here by quite a circuitous path. Quite literally a decade ago, late in 2010, I found myself in a basement kitchen of a restaurant in Washington, DC. And I was just dodging kitchen porters while watching a team of R and D chefs come up with a menu of new dishes for a restaurant. And the owner and the head chef of that restaurant group is the Spanish chef Jose Andres, who you may know because of his philanthropic disaster relief activities.There's an arrow pointing at Jose, right there. This is Jose's philanthropic side project, you know, which eventually turned into a huge one. If you're in the US, I think he's quite famous there. People know about him. It's called World Central Kitchen. And what they do is they create field kitchens for emergency food relief during natural and, and other disasters.The thing that many people don't know is that World Central Kitchen is able to spin up these field kitchens to produce hundreds of thousands of meals a day very quickly because, it's how they organized. Right. So they use a very unusual way of thinking about how to design their teams, to be able to go from a very small, permanent team, to a large operation in any particular disaster setting that they choose to go into because of how they're organized. And how they're organized is actually about what I call The Uncertainty Mindset. Because Jose's way of thinking about how his teams get organized for his for-profit organization. Think food group is actually the same way that he infused into what World Central Kitchen does, So, I'm going to come back to this in a little bit. I wanted to say also a little bit about how I came to study culinary innovation. It was all by accident. I did my PhD at Harvard Business School. And when I went in, I was interested in understanding how to organize innovation teams. And this focus for me was because of my experiences before starting the PhD. I'd just come from working at Google in California. And while I was there, I worked on some really unusual teams doing quite interesting innovation work.We were basically trying to develop parameters for new problems to solve. So, the first team I was on at Google back in 2005 at the very dawn of ad tech, as we know it today was trying to create an automated ad unit targeting engine. It didn't work then, although some of the machine learning foundations have been baked into the rest of Google AdWords and Ad Sense. But I was also on the launch team for street view, which is one of the rare hardware business units at Google while working at earth and maps. And I also worked on Google's Space flight program, which was actually in partnership with the XPRISE foundation, where we tried to put a Lunar Lander on the moon, an unmanned Lander. And I also worked on structured data. I worked with the Pure Research Group on a new structured data storage and management product, which while it was still externally available was called Fusion Tables. And it's now used exclusively internally to run the data layers for earth and map. I sort of burned out a little bit at Google and I left just before the 2008 global financial crisis to make furniture. I went to work at a wood studio in an art foundation in Colorado. And the strange thing is when I got there, I found again, something that felt a lot, like all the really interesting teams I worked with at Google.It was an interesting network of people who came together to try and develop new techniques for working with materials. I guess the thread that connected all those bits of my former life before academia was that I was exposed to this wide range of teams and businesses that were all pretty good at coming up with new problems to solve and solving them well.And so, when I decided to do a PhD about organization, my main question was something I think you all are interested in too, right? How do you organize companies and teams, so that they're good at coming up with new ideas so that they're innovative companies. So, it was pretty early in my doctoral research and I was casting around for a research project to like really work on, to write a dissertation about.And if you know anything about Singaporeans, you know, that we're really interested in food. So, this is one of my favorite dishes from Singapore. It's called Bak Chor Mee which basically means pork mince noodle. And it is a kind of innovation in itself. Like every stall that makes this, usually the people who make this dish only make one thing. And everyone develops their own kind of interesting take on what this dish should be.And the ones who are really good have made it very distinctive. But anyway, we're very interested in food. And so, Jose who I didn't know at the time was giving a lecture at Harv...

Jul 12, 2022 • 23min
No Code Concepts, Tools, and Plans: IO2020 Replay with Doc Williams, Brand Factory Founder & Build With Me Maker
In honor of our upcoming IO2022 Innovation Accelerated Summit, which is happening September 19th and 20th in Lincoln Nebraska. Thought it'd be nice to pull some of the best interviews and sessions from our IO2020 virtual event. So, over the next few weeks, check out some of our amazing speakers and grab a ticket for the upcoming event. We'd love to see you there. Tickets and more information can be found at io2022.com. And now back to the show. Brian Ardinger: Inside Outside Innovation is a podcast to help new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage in experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Doc Williams, Brand Developer, Founder of Brand Factory and Maker of Build With MeSusan Stibal: Doc Williams is here to show you how to best utilize this new field of building without code and what concepts, tools, and plans you need to begin creating. Doc Williams is a brand developer, founder of Brand Factory and maker of Build With Me. Doc is also an entrepreneur who has worked with everyone from ESPN to App Sumo. So, Doc, I will let you take it away. Thanks for coming. And I can't wait to hear your presentation. Doc Williams: Well, thank you so much for having me. I really do appreciate it. I'm so excited. Saw the other presenters earlier today. I'm just so excited to be here. So, I'm gonna get right into it because I'm excited about No Code. I'm gonna be talking about how I can help you. And I have a small presentation, but again, this is about how I can help you. And if you're new to No Code, if you do not know what it is or you've heard the term and you're not so familiar, we gotcha. Don't worry. We got you in this Presentation and we're going to go through this a little bit. We're going to go through this. Okay.This discussion today, we're going to be talking about an Introduction to No Code. Okay. And again, I don't want to talk about myself that much. So, I'm going to go through this very quickly. Just wanted to tell you a little bit about myself. So again, I run a six-figure consulting business and strategy. I also help startups integrate tech, so everything from telling their story to actually building that tech stack. So, I've worked from copywriter front end dev. I've been a CTO a few times. A CIO, blah, blah, blah, blah. All that kind of stuff. So more importantly, I just get to work with some great people. That's what I like doing. So, we're going to have to stop looking at my picture as I'm looking off into the sunset for a moment. We're going to be talking about the world is changing really quick. And Brian was talking about this in the intro to the Summit, and I cannot agree with that more. Right now, we see a huge shift of technology and what's going on in the world. 83.5% of small businesses experienced a negative effect with the COVID pandemic. 72% of the world startups saw that their revenue fell and 56% of the US workforce holds a job that is compatible at least partially with remote work. So, there's a lot of things happening all at the same time. And people are scrambling to come up with new ideas or to test new ideas, lean out their business, and you can be doing all of that by using the power of No Code. And so, we're going to be talking about why you need to be ready for this new age and using No Code as an innovation. So, the first question is before we even get started and how you can be using no code, it's important to understand what No Code is. So, what is it? Let's go with a definition real quick. No Code is a development platform that allows programmers and non-programmers to create apps and programs, using visual tools instead of traditional computer programming languages.Oh, that was a lot. So, the TLDR, what is it? Building visually. So, a lot of times some people are already using no code tools and they did not know that but basically allows you to do things that usually took what programmers were doing, writing code. So here are a few no code services. Now there's a whole other discussion. If you want to know the difference between no code and low code. But here are a few no code services that I use almost daily. So, there's Bubble, Air Table, IFTTT, Elementor, Zapier, Hopin, Repurpose.io. Okay. Those are a lot of different tools. Now what we're going to be talking about, this is the Intro to No Code. So instead of delving into very specific platforms, we can talk about it in the Q and A, and that's not a problem, but instead of just talking about all of these different services, what's really important is looking at areas to disrupt the industry and how it can help you figure out what you want to get done in your business. So, in the chat, please let me know.Yep. Has anyone tried Amazon's HoneyCode? Yes. I did a whole breakdown video on that about three weeks ago as well. Yes. We're going to be talking about a lot of these things. If you're thinking about like seeing the handle, not the tool. Tons of times, if you only think about the tool you're going to see, like, only if it's a hammer, you're just going to see about how you can hit nails. Right? If you've got a Catana, it's the same thing. You're just going to be slicing things up. So, instead of thinking about just the platform, think about the handle. What are you trying to accomplish? And then we can go into the right kind of platform. Now also too, just to let you know, I have a YouTube show called Build With Me.And so, I build three different businesses with one No Code tool every single Wednesday night. And also, I do tech reviews for App Sumo. So right now, I'm up to 453 tech reviews for them. And then, for the show we've done like a hundred episodes. So, we just passed 300 businesses with No Code tools. So, let's get right into it.If you are trying to use no code and you're trying to speed up your design process, no code can be perfect for this. Designing complex websites and applications, it takes a lot of time, but with no code, you can do this really quickly. So again, if you are having a problem and I want it in the chat, if you're dealing with a design problem, you need to mockup things very quickly. We got you. What about another one. Automation. Perhaps you're doing a lot of manual tasks. For example, one of our, one of the clients that we were working with, they were working with a big manufacturer, and they were manually still filling in invoices and filling in all of these different things. Well, we had a No Code tool that automatically you set up the boundaries of reading different boxes. So, when people scan their order and instead of retyping it, taking all that manual work, it just looks at the numbers, looks at the letters, and then it just automatically does everything for you. So, and it already puts it into the system. So again, what tasks are you looking to solve as well?The other one too, is architecture. So, system frameworks. If you're thinking about email marketing, SOPs, lead generation, complex, the complex tasks, we can talk about architecting a way for you to be able to solve those problems as well. That is the three main ways. And really the reason we went through the three ways, and we looked at it this...

Jun 28, 2022 • 26min
Designing Resilient Remote Teams: IO2020 Replay with Steph Smith, Trends.co / The Hustle / Hubspot
In honor of our upcoming IO2022 Innovation Accelerated Summit, which is happening September 19th and 20th in Lincoln Nebraska. Thought it'd be nice to pull some of the best interviews and sessions from our IO2020 virtual event. So, over the next few weeks, check out some of our amazing speakers and grab a ticket for the upcoming event. We'd love to see you there. Tickets and more information can be found at io2022.com. And now back to the show. Inside Outside Innovation is a podcast to help new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Steph Smith, Trends.co / The Hustle / HubspotBrian Ardinger: We are excited to have Steph Smith here with the Hustle and Trends to talk about one of these amazing new trends that we're seeing. It's the whole move to remote work. Steph is the Head of Trends and Product Manager at the Hustle, which is a great newsletter, if you don't subscribe to that. Trends is their exclusive group. And I I've got to say it's, it's one of the best groups out there to talk about new things that are happening out there, new business leaders, things along those lines. She's got a new book out called Standing Out in 2020. Doing Content Right. And I know she's been doing a series of sessions on that. It's an eBook. You can check it out at stephsmith.io. She's been blogging for a ton of time. And she's also been in this world of remote work. Been a digital nomad for a while. So, with that, I'm going to just turn over to Steph. And we'll talk the trend of remote working. Steph Smith: Sweet. Thanks so much. That was a great intro, Brian. Today, I'm going to be talking about something that I care a lot about. I saw some other people in the chat mention that they've been working remotely for a long time. Two, I'm going to be talking about thinking past the office and designing what I call resilient, remote teams. And I do this in a little bit of a different way than I think most presentations on this topic are, which give you a lot of super, super concrete, like you must do this. I like to think of this more so as how do we think about what has changed? What does that mean? And what can we learn from this? So, I use three books and I'll get into that in a second to actually convey some of these points. But just quickly, I don't want to talk about myself very much. Brian gave me a great intro. All you need to know is that I have been working remotely for the last four or five years now. And I did that originally at a company called Top Tell, which was one of those kind of remote first companies built from the ground up to be remote. Now I work at a company called The Hustle and I've done some remote training for different companies. And in general, have been nomadding around for the last couple years as I work remotely. So that's enough about me. Let's talk about where we are in this world. As I mentioned before COVID there was a series of companies I'd say only a couple dozen of scale that were built up to be remote. From the ground up, they said, you know what, we're never going to have any offices. Or if we do, we're going to be remote first. Companies like Zapier Basecamp, Web Flow. All these companies were built from the ground up to facilitate positive remote working environment. Now, as we all know, you saw this kind of trend, the slow trickle of people that were searching for remote work overtime. This is Google trends from 2004 to present. Then as we all know, 2020. crazy year. We see this big spike and we're all remote, whether we want to be or not. And this includes huge companies like Google, Cora, Coinbase. Shopify that at least are either going to be remote for several, several years or in some cases like Shopify have just claimed that they are now remote first from here forward. The question then becomes with all of these companies with now millions, if not billions of people that are kind of thrown into this new environment, what happens. What happens to these organizations that weren't built from the ground up? Like Zapier, Base Camp, or Buffer. Some of the questions that I have here, allude to what I'll be talking about in this presentation. So how does remote work or the shift influence how people interact with one another? How does it influence the social fabric or culture of the company? How does this change how potentially leaders should or can operate at these organizations?And in general, this all brings me back to the title of this presentation. How do we build resilient teams? And resiliency in this case means teams that thrive in the environment that they're put in, right. It doesn't feel like they're kind of pushing against walls. It doesn't feel like there's friction to achieve certain things.It feels like they're put in an environment where they're put in a place to succeed by nature, by the nature of the environment that they're in. So, as I said, this presentation is really based on three books that I've read and, and I think are excellent. It's Give and Take, Algorithms to Live By and The Four Tendencies.And I like using books like this to really frame these conversations because these books are actually not based on remote work at all. They're based on human psychology. They're based on how people interact in given situations or environments. And then I just layer on a question. Is this still true with remote work or how does this change as people go from an in-person environment to remote. And so, we'll talk specifically about how giving and taking behavior may change with remote work. We'll talk about how we can design systems. So, using something From Algorithms to Live By, Game Theory. How do we incentivize people to actually act in their best interest? Because they don't always do that on their own. And how do we in general make remote work sustainable. And then I'll talk about the potential archetype of remote worker using this four tendencies framework. To preface the three books and the three things that we'll talk about, I want to jump back to summarize where we are.So, we as a society had a majority of people working in offices. And now we have a majority of people working remotely. And I like to kind of facetiously say that when you work in an office, you work in a box. And that box is predefined for you. And even though it's a little facetious in terms of the analogy, a lot of that is true in the sense that you have a lot of things, whether it's, you know, where you're physically working, how you're working exactly, when you're working. A lot of that is super predefined for you. And for some people that's actually better. Some people that's worse. I'm not trying to ascertain whether one is better or worse, but the idea is that before you had a lot of things mapped out for you, right? And now when you're working remotely, the way, the analogy that I like to give is that box is kind of like stripped clean.So, you get rid of the walls, you get rid of exactly when, how you work. And now a lot of people are left to figure out how t...

Jun 14, 2022 • 20min
Investing in Emerging Markets, Startup and Corporate Innovation & Market Dynamics with Courtney Powell, COO and Managing Partner at 500 Global
On this week's episode of Inside Outside Innovation, we sit down with Courtney Powell, COO and Managing Partner at 500 Global. Courtney and I talk about investing in emerging markets, the differences between startup and corporate innovation, and the current market dynamics that startups and corporate should be paying attention to.Inside Outside Innovation is the podcast to help the new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started. Interview Transcript with Courtney Powell, COO and Managing Partner at 500 GlobalBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today we have Courtney Powell. She is COO and Managing Partner of 500 Global. Welcome to the show. Courtney Powell: Thank you so much for having me. Excited to be here Brian. Brian Ardinger: In a certain way, it's coming back to our original roots of the Inside Outside podcast. Where the original podcast episodes were an inside look at startups outside the valley. And we thought, hey, what better way to have a conversation around that then inviting you to talk about what's going on at 500 Global. Because for those who may not be familiar with 500 Global's $2.7 billion under assets and management. You've invested in probably 2,000 to 3,000 startups around the world. And 45 Unicorns have come out of that, in nine different countries. So, you've definitely been on the forefront of looking at what entrepreneurship is outside the valley. Can you talk about your journey into this innovation space from entrepreneur to corporate innovator to venture capital? Courtney Powell: You kind of mentioned a little bit about 500's history in terms of starting in the Valley, but then pretty quickly deciding to invest worldwide. So, I actually came to know 500 pretty early into my own entrepreneurial journey.So, in 2010, I was based in Austin, Texas. And I had already actually been a part of a really early startup that had done well. But I joined when I was 19. So, one of the first employees with the two other gentlemen who started it. I kind of watched firsthand as that company went from literally being, I remember it so clearly in my mind, it was like a yellow legal pad that they were describing the technology on that they wanted to do. The company was called Boundless Network and they were trying to create automated group buying software for corporations who wanted to buy pens and koozies. And drive down the cost by having this kind of group buy system. So I saw really up close what it was like to go from this legal pad to raise what I think amounted to, you know, more than $50 million ultimately.And the company then got acquired down the road by Zazzle's. I saw this journey and right away knew that this was my calling. I wanted to start companies. And so about five years after I started working at Boundless in 2010, I launched my own company, which at the time was really early in marketing automation consulting.So, I was doing Salesforce implementation, also marketing automation consulting. That taught me a lot about what it was like to run my own company and particular consulting firm, which you know, has a lot of challenges. A few years into that, I was struck with an idea for my first tech startup. And that was around helping consumers when they had problems with big companies like Time Warner Cable, or Airlines, or, you know, Telecoms or all these other companies.So long story short, I started the company in Austin. And in Austin, the venture network at that time was very small. It's still relatively small, but very, very small then. And I remember feeling like, okay, I don't really know how to get plugged in to the network here. I am a female, a young mother trying to raise capital. I'm the only woman in the room and, you know, in 99% of the cases. And somebody told me about 500. So, 500 had just started, you know, they were a year, I guess, into existence. And I made my way to the Valley. Applied to the accelerator. Got into one of their early accelerators. And that was really my first introduction to the world of Silicon Valley. And having received investment from 500. After that, I then ran that company for a few years before shutting it down. And then got into building consumer real estate tech.And I eventually became CEO of another company called Agent Pronto. Which is still up and running. Ultimately it got acquired by Fidelity. And then after my time at Agent Pronto, I joined Keller Williams. And I joined Keller Williams, not as a real estate agent or at the brokerage level, but at the parent company level. Where I focused not just on building out consumer tech initially, but eventually got into corporate dev.And began helping them to diligence companies, look at investment opportunities, and long story short decided that, you know, I wanted to move it to venture someday and see the other side of the table and eventually made my way to 500. Brian Ardinger: Excellent. I want to dive into 500 and what you're doing now. And can you talk a little bit about the strategy that 500 has employed to uncover high value opportunities in under-invested markets?Courtney Powell: Yeah. So, you know, as I mentioned, it was really two things that 500, I like to say, got right. One was this idea of diversification. You know, especially when 500 started in 2010, the idea of investing in a 100, 200, 300, 400 companies a year was very, very new and controversial. Diversification was really important.And then as I mentioned, also investing outside of the Valley. Even when 500 was looking for example, to move the office from Mountain View to San Francisco in 2013, that was still odd. Let alone the idea of, you know, investing today in over 80 countries. That really just came from the belief that we knew that there was talent everywhere. And really, it was just a matter of being able to pair that talent and those opportunities with capital. And I would also say the practices that maybe were commonplace in Silicon Valley, that in other countries and other regions, weren't yet as mature as what we were used to in the Valley. So that combination of both the investment practices. The friendliness toward founders. The standardized terms. You know, the combination of really wanting to not just provide capital, but also make sure that we were bringing founder friendliness, standardized terms, to these other regions and just trying to, you know, meet these founders who were creating incredible ideas and definitely had the skillset to be able to take things forward. That was really the spark and the ethos that has built 500 into what it is today. Brian Ardinger: It's interesting. You talked about some of the positive benefits that the Valley brings as far as when it comes to venture, and that. Can you talk to maybe some of the bad habits that venture capital in Silicon Valley, you try to avoid when going into different markets?I think about some of the things of over-indexing, for example, as you have to be a Stanford grad or things a...

Jun 7, 2022 • 18min
Understanding Market Opportunity in the Longevity Economy with Susan Golden, Author of Stage (Not Age)
On this week's Inside Outside Innovation, we sit down with Susan Golden, Author of the new book Stage (Not Age). Susan and I talk about the $22 trillion market opportunity in the emerging longevity economy from education to workforce to healthcare and housing. Let's get started. Inside Outside Innovation is the podcast to help the new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Brian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today, we have Susan Golden, author of Stage (Not Age): How to Understand and Serve People Over 60, The Fastest Growing, Most Dynamic Market in the World. Welcome to the show, Susan. Susan Golden: Thank you so much for having me.Brian Ardinger: To give a little background. You've got a lot of experience in this particular space. You teach at the Stanford Graduate School of Business. You're a Mentor at Techstars Future of Longevity Accelerator. And a thought partner with Pivotal Ventures on their Caregiving Innovation Initiatives. I think the first question I'd like to ask is what drew you to this topic and exploring this $22 trillion market opportunity called the longevity economy.Susan Golden: Great question. I have a background in public health and then went into venture capital in life sciences and health services. And I actually took a career break, which is part of what the book is about. That many people are going be taking career breaks if they're living 100 year lives. And went back to school. And Stanford had just started a new program called the Distinguished Careers Institute, for people anywhere from their fifties to their eighties, come back and rethink what they want to do with the next chapters of their life. Because they're living much longer. And nobody should be thinking about retirement in their sixties because they have another 30 or 40 years to go.And I learned about longevity at Stanford. There's a wonderful center on longevity that is thinking about how do you plan for the 100 year life. And it's very dynamic and it's not just about the typical impression that most people have, that all older adults are elderly, declining, frail need a whole variety of services.Some will, and most of us will need something at some point in the end of our lives. But most people are going to be living very vibrant lives well into their eighties. And this has created a whole new economy that most people just don't know about. And particularly investors and innovators don't know about it.Traditionally, if I asked my venture capital friends, why aren't you investing in this? They would say, oh, this is about senior housing and fall prevention and medication management. And that's a piece of it, but there is now, as you said, a $22 trillion worldwide market right here in the United States.Right now, it's estimated to be about $8.6 trillion. As over 10,000 people are turning 65 every day and they're going to be living long lives. And over a third to a half of children being born today can expect to live to their 100s. And this longevity economy now includes all their spending, the stimulating new jobs that are being created for their products and services.And companies are beginning to rethink their longevity strategy. Not just for products and services, and how could they have a multi-generational. But also, how to have a workforce that's multi-generational. And how to take advantage of that. And most people don't realize that people over 50 have most of the wealth. They're responsible for 56% of consumer spending and 83% of wealth in the United States. So this is a gigantic market opportunity, gigantic innovation opportunity, and a great need to support healthy aging as our population is going to grow in this category. Brian Ardinger: So, with the fact that it is growing and there's this massive opportunity, what are the biggest misconceptions out there? Why do you think more people aren't exploring this at this point?Susan Golden: I don't think they fully understand the vibrancy that most older adults are in. And that they're in multiple stages. And they tend to lump all older adults in one category. All people 65 and older, or whatever demarcation one takes 70, 75 when there's great diversity in aging. And I think we should be thinking about ageless people. But more and what I argue for in the book about stage, some companies have done this well. They recognize what stage of life somebody is in. So, they may be in a re-purposing stage or transitioning out of one career to another. They may want continuous learning and educational opportunities as I, and all my colleagues who've done the DCI program at Stanford were in. To refocus what we want to do next and what are our life priorities. But there's other traditional consumer facing industries that people haven't thought how to reinvent them for people with longer lives and how to support their health span. And this includes housing alternatives and home modifications, fashion and accessories, education as we mentioned, entertainment, travel, you can think of that just virtually every consumer opportunity that is going to have a burgeoning longevity customer that needs to be understood. And so, understanding what stage somebody is in, will give you a much broader perspective about their needs. There may be a caregiving stage even. Brian Ardinger: In the book you talk about, you have five kinds of key stages. Can you walk through what those stages are? And what's important about them. Susan Golden: So, I came up with the concept of 18 life stages that could be divided into five quarters of life. And I know that's funky math. But people traditionally think about life in three stages, which is your education, your working stage, and then your retirement stage. And now I think we have to think much more broadly.So, I think about the first stage of life as sort of your growth stage. And when you're launching and you're first and beginning to experiment. And in your second quarter, you have different stages where you're doing continuous learning. You're developing some financial security. You might be caregiving, parenting, optimizing health. And then the third and fourth stages I think are what might be considered new. Which is, I call them the Renaissance Stage where you're reinventing what you're doing. You're repurposing, you're relaunching. You may be transitioning, may have a portfolio of things that you're doing as I do. You might be an entrepreneur or an “olderpreneur” as people often say. And then the later stages are maybe where some people think about more about their legacy planning for end of life. But people are living to 100. So, I put in a fifth quarter because we just don't know what that whole new paradigm is going to look like. And how people are going to be using those extra years. Brian Ardinger: Well, a lot of it has been driven by other parts of th...

May 17, 2022 • 21min
Creativity's Obstacles & Opportunities with Monica Kang, Founder & CEO of InnovatorsBox & Author of Rethink Creativity
On this week's episode of Inside Outside Innovation, we sit down with Monica Kang, Founder and CEO of InnovatorsBox and Author of Rethink Creativity. Monica and I talk about some of the obstacles and opportunities around creativity. And how individuals and companies can benefit from enhancing their curiosity, creativity, and courage. Let's get started.Inside Outside Innovation is the podcast to help the new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Monica Kang, Founder and CEO of InnovatorsBox and Author of Rethink CreativityBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today we have Monica Kang. She is Founder and CEO of InnovatorsBox and Author of Rethink Creativity. And also has a children's book called Have You Seen My Friends? So welcome to the show Monica.Monica Kang: Thank you for having me. Brian Ardinger: One of the things that we do in our Inside Outside community is ask our audience out there, who should we be talking to? And what are some of the interesting things that you're seeing out there? And somebody said, hey, you should talk to Monica. I think the first question I want to ask is probably a softball for you, but why does creativity matter. And why does it matter more today than ever before?Monica Kang: I'll start with maybe the notion of, I feel creativity is one of the words that we don't realize how much of a jargon it is. Because we use it so much. We say like, oh, you're creative. You're not creative. Or like, that was creative. That was innovative. We put in our marketing materials. We put in our campaigns. We put it in how we describe things.But if you really break it down, like, do people really understand or live the value that what it is. I think that was part of the reason why when you go back to why it's so important to talk about this is actually because of that. Because we use it all the time, but so many people don't realize the root and the nuances. And hence, don't realize this is jargon, that we're just keep throwing it around without the full intention. And so, I first fell into it because of that very situation. I was originally in nuclear weapons security. Government work. Wanted to be a diplomat all my life. That having grown up in DC and in the States, as well as in Korea and worked in Europe. And, you know, hey, I'm not comfortable with science and math. So, this sounds like the perfect path. And like, I love people and building relations. And so, I was good with a lot of things, but like creativity, wasn't really a thing that I would describe I was good at. Even though now looking back, I realize I had. And only until when I find myself really getting depressed and stuck in a dream job where I realized that I was finding myself literally crying to work, feeling upset, not knowing what to do in a job that I fell in love with. And I'm like, what is wrong with me? Like I'm solving a very important mission. Mission-driven. Preventing bad guys from having nuclear weapons. We're working in the government. It's really hard to get into this industry too. And yet feeling stuck. And what helped me gave the courage of, you know, walking to work instead of taking the bus to work. Getting curious about all these different surroundings. And realizing how one life decision can make a huge difference. Because now I felt so curious in the office got even more energetic. Even though the work description hasn't changed at all. It got me curious about understanding about, well, what happened. And people did ask me like Monica, whatever you're doing, you seem happier. And that's where I realized creativity was one of the key elements.I didn't know back then, but it was the mindset of simply doing something different. Finding the courage to take different things. Try different things. Ask different questions. Even organizing my process of the project differently because as I looked at the traffic in the fourth street every day, I'm like am I creating traffic in the way I do things unconsciously. Just like how there's always traffic here. Like at this time? What do I need to do differently? And getting curious about it. And that's where I learned that comment that I started the beginning. That question of creativity, innovation. There's so much history and research behind it. That I had no idea. And because we throw around the word and use it so much, that I misunderstood what it meant.And I didn't know that it was for everyone. I didn't know that something that we can all do more. And regardless of where we are, it expressed differently. And I think it's even more needed now because of the pandemic. Brian Ardinger: Oftentimes I think the perception of creativity is it's some kind of magic. Or it's something that other people do. Or, you know, some, other people can possess that, but I can't do that. So, this idea of creativity not being magic. That being every day and available to anybody to possess or use, talk about how you identified that little nugget and what are some of the tactical things that you do to bring out that magic. Monica Kang: So, I love that you said it. Because immediately one book that I'm remembering, it's about daily habits. And I was mindful because I'm like, wow. So, all these creative, innovative historical people around the world, like they had to work hard to be a better writer. What, like, they didn't just magically write that book. And like became a best seller. And like, no, they had to write every day. The musicians had to write music every day. And I'm like, wait, if that's how it is.Like I wonder in the traditional non art industry, how they do creative. Of course, same thing. I think of new ideas every day. They had to try new things every day. Get rejected every day. And I'm like, oh my gosh. I mean, even the story of how WD40 product came about. Are you familiar with the WD40 products? So, it's that spray, right. You know why that name is called WD40. Brian Ardinger: I do not. Monica Kang: The reason why they named WD40 for that product was not a coincidence. It means water displacement, right? 40. Which indicates that it took 40 times to perfect that formula. Brian Ardinger: Ah. I hadn't heard that story. Monica Kang: How often are we willing to try 40 times. Hear 40 nos. Before we get to that yes. Not a lot. And I think that brings a weight. Hence to that question of what can we do every day, is that it's building the routine. As I learned about these daily routines of all these famous people of what they've had to do every day. Learning about stories like WD40, that how many attempts that people had to try.And my day-to-day activity, that means that I need to just make it a routine of constant learning and trying new things. And so, one activity I a...

May 10, 2022 • 16min
No-Code Insights for Startups and Enterprises with Abhishek Nayak, Co-founder of Appsmith
On this week's episode of Inside Outside Innovation, we sit down with Abhishek Nayak, Co-founder and CEO of Appsmith. Abhisek and I talk about the rise of no-code tools and some of the misconceptions and opportunities that no-code can bring to startups and enterprises alike. Let's get started. Inside Outside Innovation is a podcast to help the new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Abhishek Nayak, Co-founder and CEO of AppsmithBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today we have Abhishek Nayak. He is the CEO and Co-founder of a company called Appsmith. Welcome to the show. Abhishek Nayak: Thanks Brian. Really excited to be here. Brian Ardinger: I heard about Appsmith as we talk more and more about this no-code low-code space, that's developing in the startup and in the enterprise world. And Appsmith is an open-source framework that makes it easy to build and maintain internal custom business tools. No code for the enterprise if I'm correct. Abhishek Nayak: Yeah, exactly. Think of us like WordPress, but for building internal user facing applications. Brian Ardinger: I'd love to dig into how this got started, this rise of no-code technologies and that. Making it easier for the non-traditional technical person to build and create faster and that. So maybe let's take a step back and tell us a little bit of your journey of how you became a founder and specifically around, how did you decide to build a no-code app platform? Abhishek Nayak: Been an entrepreneur for a better part of the previous decade. Appsmith is actually my third startup. My first startup was in the space of offline logistics. We were doing cash and delivery. So, we had around 150 plus people. Lots of custom software built internally to manage them. And to run the business. My second startup was in the space of AI, where we were trying to automate customer support. And we used to have 10 plus customers and use to automate support requests for them. That again, we were building a lot of custom applications to train the data. Look at how a particular board or a particular model is performing. And just run all sorts of experiments and processes. That was my second startup. And all of these startups, I had the same co-founder and CTO Arpit Mohan. And he actually got sick and tired of building all these tools. Our second startup didn't work that well. Our first one got acquired. Second one didn't work that well, and we had to shut it. But he actually started tinkering with the idea of building UI builder but for backend entrepreneurs. Because he was a backend engineer and he really disliked dealing with HTML/CSS. So, he started working on this side project. And this is why he was working at a different job.And during this period, when he was working on a different job, I was working as an EIR at Excel partners. So, I was an entrepreneur in residence where my job was to meet new startups, talk to them about how to run their business. And just understand if it makes sense for Excel to invest in it. While at the same time, I was also looking at other ideas that I could start out with.Now I couldn't find anything interesting. But I was helping my friend Arpit figure out if his idea for an open-source project had any legs. And during that process of helping him out, I started interviewing some of these startups that I was meeting on everyday basis. And I realized that almost every single startup had this problem. That they need to build a lot of custom business applications, maybe to run customer support or expose some data to the sales team. Have a way for the marketing team to maybe generate coupons. Or maybe look up some customer data.And they never had engineering bandwidth to build what they needed. And that was a problem, right? That's when I started telling Arpit, hey, maybe this can actually be a business. Maybe you just don't need to think of it as a side project. Maybe we should start a business together and do this like a startup.That's how it actually got started. It was my co-founder's idea because he hated HTML CSS. And then we started working together to build this out as a company. We also have a third co-founder Nikhil who heads product. And he again has been an engineer for a really long time. But he's a front-end engineer and he was just sick and tired of doing the same thing over and over again.So even though he has skills in HTML CSS, and he loves working on front end, he just disliked the repetitive nature that these internal apps generally have. And that's why he was excited about this idea. Brian Ardinger: I love the story. Because you often hear entrepreneurs’ stories start with a pain or an itch that they have to scratch. And it sounds like that's exactly where you guys started. And it seems like the timing was perfect for this type of new tool. Because it's getting easier and cheaper to use multiple different tools and open APIs, et cetera, to make it easier to build and scale and test and try things than ever before. Talk a little bit about the early traction you got when you started the company and some of the early things you learned.Abhishek Nayak: So, the first six months of app Smith was just building the product out. And we actually started pitching it to users and convincing them to use it. But nobody actually converted. Nobody wanted to use it. And that's when we began to question is the product quality low? Do we not have enough features or what's happening here?When we started digging in deeper, we just realized that the standard style developers have for a product like this is really high. And we just had to go back and improve the quality. And add a lot more features to the product. For it to be ready. So, after our first launch which failed, you know, we had this pivotal moment where we had to decide, should we start building this for a different audience. Because developers don't seem to like this. Or should we just continue to follow our vision and get this right?So, I'm glad that we actually decided to continue following a vision, but just improve the quality and add lot more features. Because when he lost a year later, you know, one and a half years have gone by, since we actually started, it instantly took off. Like within the first week, I remember we had about 30 plus teams using us.And the only thing that we had done was write a blog post announcing that this is live. We did not actually do any sort of sales or any sort of cold outreach to get the users. And we honestly weren't putting in that much effort because we launched, expecting completely failure. Because that's what we had experienced, you know, like a year ago when we had tried to launch. But this time we were pleasantly taken aback by the reaction the market had.And that's when we realized that a product like this just takes a ...

Apr 26, 2022 • 19min
Innovation Processes in the Air Force and Elsewhere with Productable Founder Rachel Kuhr Conn
On this week's episode of Inside Outside Innovation, we sit down with Rachel Kuhr Conn, Founder and CEO of Productable. Rachel and I talk about the pitfalls and challenges facing corporate innovation and some of the processes and practices that companies can use to level up their innovation efforts. Let's get started.Inside Outside Innovation is the podcast to help the new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Rachel Kuhr Conn, Founder and CEO of ProductableBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today, we have Rachel Kuhr Conn. She's the Founder and CEO of Productable, where she is turning the innovation process into software. Welcome to the show, Rachel. Rachel Kuhr Conn: Thanks so much Brian. It's a pleasure to be here. Brian Ardinger: I'm excited to have you on the show. I'm surprised we haven't had you on earlier. We have a number of mutual friends that have crossed paths. And we just only got introduced to recently. So, I'm glad to have you on the show. You've recently started a company called Productable, focused on the space of innovation and how do you create more repeatable processes and things along those lines. You've just landed a deal with the US Air Force to expediate the innovations process at the national defense area. How did you get involved in this innovation space to begin with? And then we'll talk about how did you develop Productable. Rachel Kuhr Conn: Really excited to finally connect after all of the different people we have in common. So, a little bit of my backstory is I was a bright eyed, bushy tailed engineer, thinking that I was going to change the world with amazing products. And dreaming of all the impact I was going to make. And my research area in school was actually around predictive analytics for innovation success. And so, there's actually a lot of data around personality type, team dynamics, methodologies that you can look at and actually predict what should be used and what the team dynamics should be to drive the best outcome.So, in school, I was like, oh my gosh, industry must be amazing at solving problems. Like I just can't wait. And instead, I went into large corporation after a large corporation and just couldn't believe how politics and silos and just corporate bull crap for lack of better term, ruined every single opportunity I thought I had to ever make something awesome.And so just personally, I got really, really tired of the amazing capacity that all these large organizations have. And I just could never quite create the thing that made it to the finish line. And so got involved in the venture capital world. Saw how things work differently. Got really inspired by it. And essentially started building our platform and what we call the Productable Way, which leverages VC mindset and built it more into a corporate friendly approach, if you will. Brian Ardinger: And you worked with Mark Cuban companies, and some other folks, to build out this philosophy or build out this methodology. Can you talk a little bit more about that? Rachel Kuhr Conn: So, I got so frustrated in the corporate world. I actually cold emailed Mark Cuban while watching a bunch of Shark Tank. Cause I was like, they say yes to a lot of things that I think my boss would have said no to. And so, I just had to figure out, figure out what the difference was. And in the venture world, it's okay to take a lot of bets. You're supposed to build a whole portfolio of bets. And you understand that the outcome of a few is going to be big enough to pay for the losses of the others, and then some. It creates this incredible culture of risk-taking and experimentation. And having the room to do that in corporates really is what's required to help large organizations overcome the disruption curves that are ahead. You know, you always have something that's eating these large organizations. And so, you really have to have a way of managing, how do you actually take a lot of bets on new ways of solving these problems and in overcoming these things to actually be able to succeed. Brian Ardinger: Well, I'm curious to talk a little bit more about how you came about creating Productable. So, you know, there are a lot of idea management, idea capture, innovation software platforms out there. So, a lot of people kind of taking a swing at this over the last 20 years. What made you want to try to tackle this marketplace? Rachel Kuhr Conn: For one, it was from the pain point. If one of those had solved the problem, I feel like I would've just run with it. I didn't really necessarily feel the need to be a founder. It was actually the pain that I couldn't go into corporate innovation yet again and face the same problems. And so, something about those tools just wasn't doing it for me. It wasn't solving that problem that you end up with ideas on a shelf.And so, there's a lot of great idea management platforms that start to build that early stage of top of the funnel kind of solutions. But how do you actually move solutions through mid-stage and late stage of the funnel? And that's really where Productable comes of help. Brian Ardinger: Well and that's one of the interesting insights is I think a lot of people think that a tool will solve the problem, but really a tool is just a tool. And what really makes this thing work as far as innovation within big companies, it's a culture of innovation. And its processes and that that are around the intake of an idea. So maybe talk about how does process play a role in the actual software itself? Rachel Kuhr Conn: Yeah, absolutely. And so, it's a hundred percent culture where just a means to help support all of those things. And one of the big things is the company has to be willing to really invest in innovation. And if you're not putting your money where your mouth is, you're not going to get the outcomes. And so Productable is really a three-pronged approach. It's portfolio, progress, and people. And so what those three elements are, Portfolio Management is really about establishing and evangelizing a solid strategy that people understand. Making it so that you invest wisely in innovation, so that you're not throwing good money after bad. And you're making it really easy to expedite decision-making across the whole process. Then I'm going to actually switch to People Management. So that's more of like the top-down strategy if you will. People Empowerment is about honing the innovator skill so that you can actually empower projects to go through the right methodologies and tools and ensure you're involving the right subject matter experts. So, it's a little more of the ideal, if I was building a product, and building a company, these are some of the tools and processes I might. And then you would have to actually sync those together and that's our Progress Management. So, progress management, is...

Apr 19, 2022 • 19min
Intel China's GrowthX Accelerator, Apple Touchscreens & China Trends with Kapil Kane
On this week's episode of Inside Outside Innovation, we sit down with Kapil Kane, Director of Innovation at Intel China, and Co-founder of the corporate accelerator GrowthX. Kapil and I talk about his journey from his early product development days at Apple working on the first touchscreen, to today where he runs Intel's award-winning accelerator. Let's get started.Inside Outside Innovation is the podcast to help the new innovators navigate what's next. Each week, we'll give you a front row seat to what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Kapil Kane, Director of Innovation at Intel ChinaBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today, we have Kapil Kane. He is the Director of Innovation at Intel China, and co-founder of the GrowthX Corporate Innovation Accelerator. Welcome to the show. Kapil Kane: Thanks Brian. Glad to be here. Brian Ardinger: You are calling in from Shanghai right now in the midst of a pandemic lockdown. Let's talk a little bit about your journey into the world of innovation. Kapil Kane: I was doing my PhD at Stanford when I dropped out of the program to join Apple, to build the touchscreen. The very first task, I remember I was an intern at the time. And I was the very first engineer to actually make a drawing of the touch screen. Like a revision 0 0 1.And my journey started from there. Although the touchscreen project failed. We had to hand it over to this other team, that was working on a secret project, which turned out to be the iPhone. But my last project at Apple was iPad. So, I came around full circle. And then I left Apple and joined Intel to actually create a tablet version of Classmate PC, which was inspired by one laptop per child from MIT Media Lab, which is to create an affordable education computing device for the emerging market or for the less fortunate as it was envisioned. And then on, you know, I got into this role of Innovation Director at Intel China. And so that's my journey. Brian Ardinger: Excellent. Tell us a little bit about how you got to China. And how you got to cofound this corporate innovation accelerator called GrowthX. Kapil Kane: Coming to China was with Apple. This is when we were developing the very first Mac Book Air. And at the time, if some of you guys remember, it was called a Unibody. That means it was carved out of a solid block of metal. Whereas everything before that was sheet metal, and hundreds of parts joined together.So, it was a completely new way of manufacturing a product. And so, we were designing the product as well as designing the manufacturing process at the same time. So, we thought it would be better to have some of the designers move to China so that we can do both designing product and process at the same time. And so, I volunteered. As a, so I was one of the first three product designers to move from Cupertino to China. And I've been here ever since. Brian Ardinger: Let's fast forward to today, you're running this thing called GrowthX. How did the idea of a corporate innovation accelerator start and then give us some insight into what's going on with GrowthX?Kapil Kane: Intel has this amazing culture of innovation. And it's something that I can think of it like the Google's 15% thing. Where we encourage our employees to spend a percentage of their time on things they believe is important for our future. And so, we have lots of this cool innovation that has been created in the labs.And around 2005, that's when I took over the innovation at Intel China. We saw that there's lots of cool things happening in the labs, but we couldn't find those things being commercialized. Not lending into the market. When I took over this role, this role was created because until that point, there was lots of different efforts of innovation, like very vibrant culture. Even to the date, there's a very vibrant culture of innovation. And we thought we needed some streamlining.And so that's when they created this position to streamline all the different innovation activities at Intel China. And we have around 10,000 people here in China. So, it's by no means small offsite operation. It's a pretty huge operation. Brian Ardinger: Kind of a little bit different than a lot of companies. A lot of companies we hear about the fact that most of the core is not that innovative. And so, they created an accelerator kind of program. Or a lab to kickstart that. But where at Intel, it seems like the reverse it's like you had to kind of harness or extra harness some of the activity. Kapil Kane: Exactly. And also, the concept of accelerator is, is quite different. Like if you look at the other corporates who are building accelerators, they are accelerating outside startups with the hope that they will get to know what they're doing. They may be able to acquire them or partner with them. But for me, I didn't even know what an accelerator was when I took over this role. And in my very first week, I happened to be in a round table conference at American Chamber of Commerce. And the guy sitting next to me happened to be running China's very first startup accelerator, Chinaaccelerator. The guy, William Bao Bean. He's a legend in China.And I just happened to ask him what he does. And he explained to me the concept of accelerator. And I thought, you know, maybe I can replicate this right inside of Intel because we are so much creativity. We just need to give them the tools to turn those cool innovations into viable businesses. And that's where the idea for accelerator came along.And that was the, the birth of GrowthX, where we started up as accelerators. We pick the teams. We make them believe they are actual startups. We have the CEO, CTO, CMO, and we bring them in a batch of cohort. And we have business sprints. We have around eight sprints focusing on different aspects of business. We have mentors.We have entrepreneurs in residence. And we run this outside of Intel from a coworking space. So, it's just like any startup accelerator. Just the thing is that all the startups are internal projects. And we've been running this for six years now. Brian Ardinger: Let's talk a little bit about some of the differences or similarities that you've seen between entrepreneurs in the outside versus intrepreneurship. And are there key skillsets, mindsets, tool sets that are similar or different.Kapil Kane: I think what we are seeing, and it may be different for different companies. For us, most of those innovators will come to our accelerator. They are techies. You know, they get very excited about the technology. And they have no real background in business. So, we spend a lot of time and effort to make them understand that it's not about, can you build it, but should you build it? That's where we focused on changing their mindset. If we change their mindset, like, you know, typically they're of this mindset that I will build something, then I will show it to the cust...

Apr 12, 2022 • 19min
VR & AI for Training and Human Performance with Alex Young, Virti Founder
On this week's episode of Inside Outside Innovation, we sit down with Dr. Alex Young founder of Virti. Alex, and I talk about the impact of new technologies like virtual reality and artificial intelligence on the training and human performance space, and some of the challenges and opportunities facing companies in the changing world of work. Let's get, started. Inside Outside Innovation is the podcast to help the new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Dr. Alex Young founder of VirtiBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host Brian Ardinger. And as always, we have another amazing guest. Today, we have Dr. Alex Young. He is the founder of Virti. Virti helps HR teams and organizations using things like artificial intelligence and augmented reality to improve and measure training. So welcome to the show, Alex. Alex Young: Thanks so much, Brian. It's great to be here. Brian Ardinger: I'm excited to have you because you come from a different background. You were a trauma and orthopedic surgeon before you became a entrepreneur founder. So how did you go from being a surgeon to being a founder of a virtual reality training type of company?Alex Young: Yeah, so it's been a really interesting journey. I mean, my interests have always been around how to improve learning and the performance of people really in any sector. And my original degree, as you mentioned, was in medicine. And then I specialized in orthopedic surgery, working in the UK and also in the US for a little while.And I've always, always been a bit of a tech nerd as well. So had a couple of companies when I was actually training to be a doctor. And taught myself how to code. Pretty terrible coding skills but managed to build a few companies around that. And then really with Virti, what I wanted to do was build a deep technology company, which tackled one of the major problems I was seeing. Both in healthcare, but also in every other sector, really on the planet which was how do we democratize and scale soft skills type of training for the workforce of the future. And when I trained as a doctor and a surgeon, often we do communication role-plays and things to train people really how to be more empathetic. How to be better communicators. How to do things in health care, like break bad news to patients, or explain a diagnosis. And in the operating room about how to make decisions under pressure and lead teams. And often those sort of training sessions, were not very scalable. They weren't hugely engaging, and they were quite biased and not that data driven. So, as you mentioned with Virti, what we do is we use AI and tools like virtual reality to put people into these very scalable, very measurable scenarios, where they can fail in a safe environment and run through lots of soft skills trainings senarios whether that's on a sales team training. Whether it's for managers or leaders, to understand how to deliver feedback. Or it's on your hiring or HR side, where we can actually find if people have some innate biases in the questions they ask during interviews. Or how they deliver team performance. So really, really interesting journey and lots and lots of parallels between healthcare and being an entrepreneur. Brian Ardinger: Absolutely. The whole concept of this metaverse and some of the new things that are coming in when it comes to augmented reality and virtual reality, what are some of the things that you're seeing in that space? How has it changed and evolved since you've started the company? And what are you seeing? Alex Young: I think the whole VR space has been on a bit of a rollercoaster. Really, you know, going back all the way to the 1980s when NASA first started using VR tech for some of the training that they were doing. And in the healthcare sector there's always been lots of, kind of, sort of use cases of virtual reality for things like surgical training. But it's never really seen mass adoption. And I think now with some of the newer headsets coming out and with companies like Meta, which of course rebranded from Facebook. Putting kind of billions behind the type of technology. We're seeing some of these PR teams like the Metaverse really galvanizing businesses and people behind this idea of a shared space. Where people can go, communicate with others. Practice in safe environment. Or just go and relax. And, you know, play games with each other. And I think on the back of the pandemic where everyone was very isolated and teams still work remotely, it's really, really interesting having that projection in a shared space where you can build rapport a little bit easier than perhaps that of over Zoom, looking at your camera. And you get a bit more inclusivity with team communication.And I think, you know, for us as a training company, we were founded back in 2018. Really under that premise of how can we scale role play or in-person training. And make it more affordable, more scalable and more data driven. And for us, it's just been a great time to sort of execute on that vision and help lots of companies to upskill their people. Brian Ardinger: You mentioned you started the company before COVID and that. But obviously we've seen a massive shift when it comes to this change with COVID. And the fact that everybody's now trying to up-skill cross sell, figure out new ways to do work and that. Are you finding particular industries or jobs settings that are more conducive to this virtual reality environment? Alex Young: I think it's really interesting, just the diverse views of kind of sectors and categories. Kind of find, you know, helpfulness from immersive technology. It can be used throughout absolutely everything. For us specialization, which is obviously soft skills, I think, you know, we're seeing a big uptake by people like sales teams. Particularly in industries like franchises, where they got to upskill new franchisees from a playbook and have a certain way of doing things.The traditional method there obviously was doing in-person meetings or in-person webinars and, you know, live webinars and things like that. And it just wasn't either that engaging or that scalable. We've seen big uptakes there. Other industries outside of healthcare, where we've seen big uptake, things like aviation, which again, anything that kind of has infrequent, but very impactful hazardous outcomes. We found that putting people into virtual reality scenarios to be really, really helpful.So, things like how to communicate with a passenger on an airline who might be rude to the staff. Or, you know, disruptive to other passengers. Being able to deescalate them. It doesn't happen too usually often, but, but it can be incredibly disruptive and cause flights to be landed in places other than their destination. That kind of thing is just great for running people through that talk of repeatable training, Brian Ardinger: The trend of VR, seems to be just on the early stages of that. What's holding this back fro...
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.