It was an honor on Saturday to be the commencement speaker for the Class of 2015 MSTC (Masters of Science in Technology Commercialization) graduates at the University of Texas at Austin. One of the graduates, Rainya Mosher was kind enough to summarize her takeaways from my speech in her blog post and the full text of the speech follows:
When I was an undergrad student at the University of Texas at Austin I very much wanted to become an entrepreneur. During those years (1990-1994), however, there was almost no support for entrepreneurship at the University. I didn't feel "developed" enough to pursue my dream, so I decided to go into consulting instead and became an entrepreneur a few years later, while I was earning my MBA.
In September 2013, I began my tenure as Entrepreneur-in-Residence at the University of Texas at Austin. I was proud to follow in the footsteps of my grandfather, who taught at UT Austin his entire career. Instead of imposing what I thought the community would be need during my time as EIR, I took a lesson from building Bazaarvoice and Coremetrics. I created a team of four very influential and entrepreneurial student leaders and asked, “What does the student entrepreneur community need?”. The four were Taylor Barnett, Verick Cornett, Dan Driscoll, and Jonathan Van. We became the “Office of the EIR”. Nick Spiller joined our team later and right after graduation he joined UT to continue the charge as an entrepreneurial catalyst across the school.
Last Monday, I had the honor of keynoting the Texas MBA Class of 2015 Orientation. This is the McCombs School of Business at the University of Texas at Austin's largest class to date - I believe around 270 students. Around 80 spouses were also present. Tina Mabley, Assistant Dean of the Full-time MBA Program, introduced me. She introduced me as the Vice Chairman and Co-founder of Bazaarvoice and also as the incoming Entrepreneur-in-Residence at McCombs, a position I'm glad to begin in September. My grandfather, James Mann Hurt, taught at U.T. Austin for his entire career and I'm proud to follow in his footsteps. I promised the students I would post my speech, complete with links, and that is what follows here:
I recently had the pleasure of meeting Melissa Lombard at Gary Hoover's open house for the iSchool (U.T. Austin's Information School, a top-ranked program for it's kind in the nation). Gary is one of my favorite people in Austin, and he is generously serving as Entrepreneur-in-Residence for the iSchool after doing so a few years ago for McCombs (U.T. Austin's Business School). He invited "friends of Gary" to attend and Melissa was there with her husband. Melissa told me about her 5-year project to have coffee with 260 strangers and live this mantra:
The most widely shared Lucky7 post that I wrote last month was on the state of the tech entrepreneurship scene in Austin. But I realize now I was missing an important mention.
Back when Debra and I lived in San Francisco, there was a very famous place off the beaten path named Buck's of Woodside. It is a hook-up spot for investors and entrepreneurs. Many large businesses you know today credit Buck's to being one of the conduits to their founding or initial fundraising and Board of Directors formation. I won't give away the tales, but I encourage you to buy the founder's, Jamis MacNiven's, book, Breakfast at Buck's: Tales from the Pancake Guy. It is a fun romp through a slice of insider Silicon Valley history. Jamis is a regular TED attendee andhis blog is fun too. He's seen a lot over the years.
Lori Hawkins, the business reporter for the Austin American-Statesman, interviewed me last week for an article that ran in the Sunday newspaper. I spent a lot of time with her on this - she is typically very diligent, and that is something that I've appreciated as an entrepreneur and now entrepreneurial catalyst and investor in Austin. She probably spent four hours with me on the article she wrote about my school-of-hard-knocks journey at Coremetrics to get it right.
This interview was full of advice for entrepreneurs and got a lot of attention. However, it had to fit the space constraints of the newspaper and came in around 1,000 words. So here's what you missed - a Director's cut, or a b-side if you choose. I've pasted the article in full below with quotes and filled in the additional content, which is not marked by quotes.
I haven't written a post in awhile because I've had the flu. It has been the first time I've gotten it since I was a teenager, and it was rough to say the least. I'm still recovering. I would recommend for you to take your flu shots, but I did that - just as I have every year - and they failed to work this time.