33 takeaways from Social Capital 2016

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Jenny Vandyke

33 top takeaway messages from the inaugural Social Capital Conference 7 June 2016, Adelaide, Australia

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Top takeaways from the inaugural
Social Capital Conference
Adelaide, 7 June 2016

Entrepreneurship is growing faster
than commercial ventures
It’s a great time to be an
entrepreneur
@martinhaese #SoCap2016

Socent looking
for impact investing?
Be clear on what you're willing
to give up to get funding
Don't compromise your vision
@andrewmontesi #SoCap2016

Developing an app?
Always focus on the user first
@andrewmontesi #SoCap2016

As a startup, a lot of people
are quick to criticise…
But not so quick to help
or offer advice
@andrewmontesi #SoCap2016

Want partnerships?
Don’t be afraid to reach out.
(How to partner with Harvard,
Microsoft and more)
@andrewmontesi #SoCap2016

Socent or startup?
Watch out for burn out.
Check in with yourself – are you still
passionate about the project?
@andrewmontesi #SoCap2016

We need to change perceptions
about profit for socent.
It’s ok to make a profit.
It’s ok to be successful.
@andrewmontesi #SoCap2016

Startup or socent founder?
Be clear on how much time
and energy you're willing
to invest in your startup
Paul Daly #SoCap2016

Not comfortable talking
about money?
Talk about resources instead.
Ian Callaghan @b9ian #SoCap2016

Breaking through the myth
that socent produces
lower quality products
Ian Callaghan @b9ian #SoCap2016

At the core, commercial ventures
and socent have the same aim:
To solve a problem.
Ian Callaghan @b9ian #SoCap2016

Rather than fighting for the
small pool of grant funding…
Create products you can sell
It’s a much bigger opportunity
Ian Callaghan @b9ian #SoCap2016

Don’t sit on your ideas
Jump in and test your
ideas on the market
Ian Callaghan @b9ian #SoCap2016

Get the doors open
There’s no such thing as
a finished product
Ian Callaghan @b9ian #SoCap2016

The market is always bigger
than you think it is
Ian Callaghan @b9ian #SoCap2016

Figure out what you are most
passionate about…
And spend your life doing it.
Jana Matthews @janamatt #SoCap2016

The advantage of small budgets…
Thinking can get lazy when
you've got a big budget
David Paterson #SoCap2016

Advice to socent investors…
Invest your intellectual capital &
relationship capital before you
invest dollars
David Paterson #SoCap2016

Paul Edginton #SoCap2016
BARRIERS TO SOCENT GROWTH
Shame, pride & fear


Paul Edginton #SoCap2016
BARRIERS TO SOCENT GROWTH
Talent will never sink
you. Idiosyncrasies do.

Paul Edginton #SoCap2016
BARRIERS TO SOCENT GROWTH
Hope is not a strategy.


Paul Edginton #SoCap2016
BARRIERS TO SOCENT GROWTH
Don’t solve problems.
Create value.

Two scary words for
socent executives:
Decide & Refuse
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH

Tough love that almost
led to a walk out…
Your staff are not your clients
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH

If you want to grow
and you don't love
making money…
You need to hire
someone who does
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH

Create mini rebellions
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH

Go big, or get out.
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH

Make yourself available
to make mistakes
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH

Forgive yourself
for mistakes.
Be tough on issues,
and soft on people.
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH

Challenge your board
to ask the tough questions
Paul Edginton #SoCap2016
TOUGH LOVE FOR SOCENT GROWTH

You can't always choose what
happens to you…
But you can choose how
you react & respond
Gill Hicks @MADforPeace #SoCap2016

Start with purpose
When you’re clear on your why
things will fall into place
Gill Hicks @MADforPeace #SoCap2016

When you work in
social innovation…
Persistence is a given
Carolyn Curtis @carolyn_tacsi #SoCap2016

Hungry for more?
These SoCap takeaways
were curated by Jenny Vandyke,
author of The Innovation Recipe.
For more innovation takeaways,
cheat sheets & guides:
zumbara.com.au

Join the conversation on Twitter
@JennyVandykeAu
@SocialCapCon

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33 takeaways from Social Capital 2016

2. Top takeaways from the inaugural Social Capital Conference Adelaide, 7 June 2016

3. Entrepreneurship is growing faster than commercial ventures It’s a great time to be an entrepreneur @martinhaese #SoCap2016

4. Socent looking for impact investing? Be clear on what you're willing to give up to get funding Don't compromise your vision @andrewmontesi #SoCap2016

5. Developing an app? Always focus on the user first @andrewmontesi #SoCap2016

6. As a startup, a lot of people are quick to criticise… But not so quick to help or offer advice @andrewmontesi #SoCap2016

7. Want partnerships? Don’t be afraid to reach out. (How to partner with Harvard, Microsoft and more) @andrewmontesi #SoCap2016

8. Socent or startup? Watch out for burn out. Check in with yourself – are you still passionate about the project? @andrewmontesi #SoCap2016

9. We need to change perceptions about profit for socent. It’s ok to make a profit. It’s ok to be successful. @andrewmontesi #SoCap2016

10. Startup or socent founder? Be clear on how much time and energy you're willing to invest in your startup Paul Daly #SoCap2016

11. Not comfortable talking about money? Talk about resources instead. Ian Callaghan @b9ian #SoCap2016

12. Breaking through the myth that socent produces lower quality products Ian Callaghan @b9ian #SoCap2016

13. At the core, commercial ventures and socent have the same aim: To solve a problem. Ian Callaghan @b9ian #SoCap2016

14. Rather than fighting for the small pool of grant funding… Create products you can sell It’s a much bigger opportunity Ian Callaghan @b9ian #SoCap2016

15. Don’t sit on your ideas Jump in and test your ideas on the market Ian Callaghan @b9ian #SoCap2016

16. Get the doors open There’s no such thing as a finished product Ian Callaghan @b9ian #SoCap2016

17. The market is always bigger than you think it is Ian Callaghan @b9ian #SoCap2016

18. Figure out what you are most passionate about… And spend your life doing it. Jana Matthews @janamatt #SoCap2016

19. The advantage of small budgets… Thinking can get lazy when you've got a big budget David Paterson #SoCap2016

20. Advice to socent investors… Invest your intellectual capital & relationship capital before you invest dollars David Paterson #SoCap2016

21. Paul Edginton #SoCap2016 BARRIERS TO SOCENT GROWTH Shame, pride & fear 

22. Paul Edginton #SoCap2016 BARRIERS TO SOCENT GROWTH Talent will never sink you. Idiosyncrasies do.

23. Paul Edginton #SoCap2016 BARRIERS TO SOCENT GROWTH Hope is not a strategy. 

24. Paul Edginton #SoCap2016 BARRIERS TO SOCENT GROWTH Don’t solve problems. Create value.

25. Two scary words for socent executives: Decide & Refuse Paul Edginton #SoCap2016 TOUGH LOVE FOR SOCENT GROWTH

26. Tough love that almost led to a walk out… Your staff are not your clients Paul Edginton #SoCap2016 TOUGH LOVE FOR SOCENT GROWTH

27. If you want to grow and you don't love making money… You need to hire someone who does Paul Edginton #SoCap2016 TOUGH LOVE FOR SOCENT GROWTH

28. Create mini rebellions Paul Edginton #SoCap2016 TOUGH LOVE FOR SOCENT GROWTH

29. Go big, or get out. Paul Edginton #SoCap2016 TOUGH LOVE FOR SOCENT GROWTH

30. Make yourself available to make mistakes Paul Edginton #SoCap2016 TOUGH LOVE FOR SOCENT GROWTH

31. Forgive yourself for mistakes. Be tough on issues, and soft on people. Paul Edginton #SoCap2016 TOUGH LOVE FOR SOCENT GROWTH

32. Challenge your board to ask the tough questions Paul Edginton #SoCap2016 TOUGH LOVE FOR SOCENT GROWTH

33. You can't always choose what happens to you… But you can choose how you react & respond Gill Hicks @MADforPeace #SoCap2016

34. Start with purpose When you’re clear on your why things will fall into place Gill Hicks @MADforPeace #SoCap2016

35. When you work in social innovation… Persistence is a given Carolyn Curtis @carolyn_tacsi #SoCap2016

36. Hungry for more? These SoCap takeaways were curated by Jenny Vandyke, author of The Innovation Recipe. For more innovation takeaways, cheat sheets & guides: zumbara.com.au

37. Join the conversation on Twitter @JennyVandykeAu @SocialCapCon

33 takeaways from Social Capital 2016

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