Jyoti Bansal struggled through our immigration process for several years so he could get a green card and start his own venture. He now has created over a thousand jobs in the U.S. with his company APPDYNAMICS. HE sold the company to Cisco for 3.7 billion dollars and began several other projects. He was denied 20 times when trying to fundraise for his first venture but he did not give up. He eventually raised $220 million and then received multiple offers to buy his company just days before a planned IPO.
With all of Jyoti's hard work over the years he learned a few key things to starting up. The first start-up he was working for was started by PHD's at top universities with cutting edge technology. What they failed to do was find their market segment. The technology will not be relevant if it is not solving anyones problem. At his second start-up, the company grew to 15 million in revenue but then they stalled. What he quickly realized was that if you are not constantly evolving with the ever changing consumer market then you will fold. IF you want to read more about Jyoti's experience as a CEO check out the link below!
Event 38 Unmanned Systems
This company builds drones, optical sensors, and drone data analysis software for individuals, businesses, and researchers. They participated in our student venture fund program where they competed for twenty-five thousand dollars. During the program they enjoyed the experience they had with the students and also they benefited from the financing because it allowed them to invest in a new service offering.
You can find them working hard on South Main Street Akron. Currently they are working on new project models but have been selling their aircraft commercially for several years now. Very soon they will be releasing a new aircraft which they've designed and manufactured from composites themselves. It will allow them to carry payloads longer distances. What separates them from their competitors is that they focus on software and safety. They have certain processes, automated checklists and other safety features that make their aircraft distinct."It is more than just assembling a model plane and adding autopilot" says CEO and founder Jeff Taylor.
The company mostly benefits from small and medium size surveying companies as they can gain access to larger projects without the cost of investing in a manned aircraft. They are building this company to bring the benefits of unmanned aircrafts to their clients. Lastly a fun fact about Event 38 is that the name comes from a NASA safety requirement for an Iridium radio to verify that it would not drown out the the ISS's emergency satellite phone if it malfunctioned. Jeff Taylor worked on that requirement back when he worked at SpaceX and the name just stuck with him.
It was great catching up with Event 38 and we hope it continues to grow and do great things for the economy in Northeast Ohio!
Case Western Reserve University
Class of 2020
To learn more about student opportunities in NEOSVF, click here!
There are many things a workplace can do to assure it is creating a lasting structure based on culture, trust, productivity created. That being said, I'm going to just give you the five most important ones.
1. Take a look at your on-boarding process. The first few weeks or months of any company will set the tone for any new hire. This holds even more true for remote workers. They have a hard time digesting company information in the same way a traditional worker would, so having a good onboard process is essential to maintain culture and productivity. Encourage employees to have virtual hangouts even. Anything to show the good the company has to offer to those who might begin to feel otherwise.
2. Set clear objectives. Making sure that all task and goals that are assigned to remote workers are aligned with the companies overall goal. Having weekly meetings will hold everyone accountable since they will know what they need to have done or have started by the midterm of each week. Monitoring your employees in this manner will prevent anyone from having an unreasonable excuse for their lack of quality work.
3. Use the right tools and programs. Adopt software and tools that will make it seamless to communicate and share with remote workers or workers who are traveling often. Communication tools like Telegram, Slack, or GroupMe are often used in workplaces to get quicker responses from a single person or a division of a company. Then there are project management tools that allow you to manage task and view the scope of the project along with the progress. Finally you could even implement more advanced technology such as "Meeting Owl". Meeting Owl is 360 degree conferencing camera that auto shifts to the person speaking.
4. Lastly and certainly not the least important, have fun. This is a concept that many people ignore in a workplace. In person contact goes a long way. Your workplace becomes your second home because that is where you spend half your day. People develop strong bonds that make their days more enjoyable. If you do not have that sense of comradery it will make it hard to go into a job everyday or even want to work for people that you feel have no concern for you and your life outside of work.