Wednesday, December 26, 2007

Microfinance Has Macro Impact

"Most people in the world never get to unwrap the gift they carry with them and then we say they're poor people and have pity on them. It's not them, it is the way we built ourselves, our system..." - Muhammad Yunus

According to Matthew Swibel at Forbes.com, “Microfinance has become a buzzword of the decade, raising the provocative notion that even philanthropy aimed at alleviating poverty can be profitable. Instead of merely writing a check (then writing it off), why not make a tidy profit from a short-term, high-interest loan, most for under $200, so that a Mexican seamstress may buy a new sewing machine? Billionaires, global leaders and Nobel Prize recipients are hailing these direct loans to uncollateralized would-be entrepreneurs as a way to lift them out of poverty while creating self-sustaining businesses.”

In a recent Forbes.com online list, economist Muhammad Yunus was listed as one of the “stars” of the Microfinance movement. Yunus won the 2006 Nobel Peace Prize for his efforts to fight poverty through micro-credit, and has essentially been dubbed "the father of microfinance." His model of lending small sums to people too poor to qualify for traditional bank loans has been copies globally and has become the basis for a new and growing private-equity industry.

eClips captured a recent lecture given by Yunus where he discussed his background and how he came to create the concept of microfinance. He also shared his belief that society has to give all people the ability to reach their potential.

View one of Yunus' clips below:

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Thursday, December 20, 2007

eClips Offers Sound Advice for Job Hunters

eClips recently began offering three different series of free podcasts!

Sound Advice is a series hosted by Kirsten Barker '92. This series features "the best of" eClips in 5-15 min. podcasts that give you pointed insight from multiple experts and are organized by topic for easy search. Sound Advice is your personal business coach sitting by your side on your commute or any other time you need the power of the voice.

Lessons Learned is a series hosted by Cornell professor Deborah Streeter. In this series, "the Professor is in" during 10-20 min. podcasts that peel back the onion and get to the heart of the issue in a format that is edutaining. Lessons Learned share the insight of many in the context of a case study. Real people talking about real problems faced and real opportunities captured. This is a great tool to exercise your mind.

eClips Uncut are a series that focus on "the journey". These 20+ min. podcasts let you wrap your mind and heart around the experiences of those business people and entrepreneurs who captivate you and motivate you. The emotions of the highs and lows are captured in a way that not only shares the experience but moves the soul. You won't help but find a nugget of truth you will write down and carry with you on your personal journey.

The Cornell Chronicle recently published a piece on a specific subset of the Sound Advice seies that caters to undergraduate students who are looking to land their first job. Specific career-oriented podcasts include:



We hope you enjoy the various series!

Wednesday, December 12, 2007

Cornell Is (Ac)Counting Its Blessings

Cornell University's Undergraduate Business Program in the College of Agriculture and Life Sciences will now offer a new concentration in accounting thanks to the $800,000 gift from Ernst & Young.

"Because of the hard work of Cornell alumni Jerry Goldman '72 and Gary Kozlowski '89 and the generosity of the Ernst & Young Foundation and many Cornell alumni at Ernst & Young, the college will be able to bolster its course offerings to meet the growing expectations of its students, employers and alumni," says William Lesser, the Susan Eckert Lynch Professor of Science and Business and chair of the Department of Applied Economics and Management.

eClips had the opportunity to sit down with Jerry Goldman and learn a bit more about his experiences at Ernst and Young. Listen to the clip below where Goldman shares that anyone who plans on being in the business world needs to have an understanding of accounting basics...



To hear more from the interview, click here to access Jerry Goldman's comments in eClips.

To read more about this initiative, click hear to access the Cornell Chronicle article.
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Monday, December 10, 2007

Ted Teng Speaks With eClips



"In the corporate environment there are many, many opportunities to be entrepreneurial."

- Ted Teng



Ted Teng is the Principal and CEO Prime Opus Partners, LP. Prior to this new entrepreneurial venture, he was president and chief operating officer of Wyndham International. With more than $1.5 billion in annual revenue, Wyndham's portfolio included more than 190 properties with more than 50,000 guest rooms.

During his interview with eClips, Teng discussed his experiences in the hotel industry and shared thoughts on his new expereinces as an entrepreneur. Specifically, he discussed the differences between being a professional in a corporate setting versus being an entrepreneur and how one can be entrepreneurial in both roles.

Listen to the clip below where Teng shares a personal experience where he exhibited his entrepreneurial nature in the corporate setting...

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To hear more from the interview, click here to access Ted Teng's comments in eClips.

Tuesday, November 20, 2007

Jeff Immelt Visits Cornell

"Follow your heart; be a learner; have courage; and care about people. If you do those four things...you're going to have a great and successful career." - Jeff Immelt, CEO and Chairman of GE
Jeff Immelt, Chairman and CEO of General Electric, was recently on a day-long visit to Cornell University. During his visit, he spoke to a capacity audience on both the future vision of GE and advice for undergraduate and MBA students that are soon to begin their profressional journey.

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To hear more from Jeff Immelt's lecture, click here to access Immelt's comments in eClips.

To read about Jeff Immelt's visit to the Cornell Campus, click here to access the Cornell Chronicle article.

Saturday, November 10, 2007

Road Rules From Kraft CEO Irene Rosenfeld

Six Rules Of The Road:

Get the right people on the bus,
Engage their hearts and minds,
Give them a road map,
Model the behavior you expect,
Communicate, communicate, communicate,
Celebrate success publicly and often.

- Irene Rosenfeld, CEO of Kraft Foods

Irene Rosenfeld, CEO and Chairman of Kraft Foods Inc., recently returned to Cornell University to deliver the 2007 Lewis H. Durland Memorial lecturer, sponsored by Cornell's Johnson School. Rosenfeld spoke on the "Anatomy of a Turnaround: Returning Kraft to Reliable Growth," where described Kraft Foods' ongoing campaign to become more streamlined and competitive, which began when she became its CEO in June 2006.

As part of the campaign, Rosenfeld outlined her six rules of the road which are listed above and mentioned in the clip below.

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To hear more from Irene Rosenfeld, click here to access Rosenfeld's comments in eClips.

To read about Irene Rosenfeld's visit to the Cornell Campus, click here to access the Cornell Chronicle article.

Irene Rosenfeld was also recently given a #10 spot on the November 19, 2007 Wall Street Journal's list of "Women To Watch" - thanks in part to the progress she is making in her overhaul of Kraft. Click here to access the WSJ article.

Sunday, November 04, 2007

Can Women Ever Win?

Some days, it seems like professional women can't win.

If you are too caring, you are seen as a wonderful nurturer, manager and mentor...but certainly not a leader.

If you have a "take no prisoners" attitude, then you are seen as harsh and bitchy and too aloof and cold to capture the top CEO job.

In a November 1, 2007 article in the New York Times, Lisa Belkin discusses academic and professional studies that have investigated gender stereotypes in the workplace. Her article states that the stereotypes are still alive and well...and unfortunately, there aren't many answers.

One of the studies Belkin cites is "Damned If You Do, Doomed If You Don't" which was conducted by the not-for-profit group, Catalyst. Ilene Lang is the President of Catalyst and in addition to being quoted in the article, Lang recently sat down for an interview with eClips.

The results of Catalyst's survey found that when women act with stereotypically female characteristics such as focusing on relationships and expressing concern for co-workers, they are viewed as being less competent. Alternatively, when women act with stereotypically male characteristics such as exhibiting drive, focus and ambition, they are seen as being “too tough” and “unfeminine.”

Lang states in the article, "We still don’t have a simple straightforward answer as to why there just aren’t enough women in positions of leadership.”

Belkin shares her frustration with the situation and apparent conundrum facing women but goes on to state that more research is being done on the topic. In addition, companies like Goldman Sachs are beginning to listen to the research and factor it into their performance evaluations.

To read Belkin's entire New York Times article, click here to access The Feminine Critique.

To hear more from Ilene Lang's interview, click here to access Lang's comments in eClips.

Thursday, November 01, 2007

Sandra Day O'Connor Speaks At Cornell

Sandra Day O'Connor, Retired Associate Justice of the Supreme Court of the United States, recently gave a lecture at Cornell University.

eClips captured O'Connor's comments during the Milton R. Konvitz Lecture in American Ideals that she gave at Cornell University while she was the Law School's Distinguished Jurist in Residence. Her talk was titled "The Importance of an Independent Judiciary," but the justice instead gave a history of oral argument before the court and its role in helping justices focus on various legal issues.

Click the clip below to hear one of her comments:
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To access information about the lecture, click here to read the Cornell Chronicle article

To hear more from Associate Justice O'Connor, click here to hear her comments in eClips.

Saturday, October 27, 2007

Carl Schramm Discusses Entrepreneurial Capitalism

Carl Schramm is President and CEO of the Kauffman Foundation. The Kauffman Foundation, founded in the mid-1960s, focuses on advancing entrepreneurship and supporting education for children and youth. It is the country's 26th largest foundation, with an asset base of about $2 billion.

On October 2, 2007, Schramm spoke to about 400 people on the Cornell campus as part of the Entreprenurship@Cornell speakers series. He discussed the concept of "entrepreneurial capitalism" which he defines as a radically new economy brought about by a series of random occurrences in the early 1980s, such as the collapse of some of the country's top companies, the era of junk bonds and the ensuing creation of 401(K) plans to support workers and venture capitalism to create new businesses.

In addition to that concept, Schramm shared thoughts on the prevalence of entrepreneurship in people's careers today and that the work world is a very different place for today's graduates than it was for their parents.

In the video clip below, Schramm states that entrepreneurs are key to the American economy because they innovate, create jobs and generate wealth.

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To hear more of the lecture, click here to access Schramm's comments in eClips.

For more information about the event, please access this The Cornell Chronicle article.

Saturday, October 20, 2007

Angela Mwanza Honored

The Black Graduate Business Association of the Johnson School at Cornell University hosted its seventh annual symposium on Saturday, October 20, 2007

During the event, Angela Mwanza was awarded the fifth annual Wilbur Parker Distinguished Alumni Award. Presented by Johnson School dean Joseph Thomas, this award honors Johnson School alumni for outstanding professional achievements and commitment to their community.

Mwanza is a vice president at Lehman Brothers Private Investment Management where she manages a team advising wealthy individuals and their families, charitable organizations, endowments, and corporations on strategies to preserve, grow, and transfer wealth. She is on the dean's leadership committee for the Johnson School as well as the Entrepreneurship@Cornell advisory board. She currently serves on the advisory board for the Rhythm & Blues Foundation and is a committee member of the Harlem YMCA as well as God's Love We Deliver, a New York City AIDS charity.

For more information about the event, please click on this link.

Click here to access Mwanza's comments in eClips.

Monday, October 15, 2007

Mike Leven Discusses Entrepreneurship

On October 2, 2007, Michael Leven, vice chairman of The Marcus Foundation, kicked off the 2007/2008 "Conversations with Entrepreneurs" series at the Leland C. and Mary M. Pillsbury Institute for Hospitality Entrepreneurship at the Cornell School of Hotel Administration.

Leven is vice chairman of the Atlanta-based Marcus Foundation, where he has been a trustee and a member of the board. The Marcus Foundation was founded by Bernie Marcus, co-founder of Home Depot and one of America's most generous philanthropists. Leven was formerly president and CEO of US Franchise Systems, Inc. (USFS), a company he founded in 1995 that franchises the Microtel Inns & Suites and Hawthorn Suites hotel brands. Under Leven’s tenure, USFS gained national recognition as a franchisor committed to both the customer and the franchisee. Prior to that, he was president and COO of Holiday Inn, Worldwide; Days Inn of America; and Americana Hotels. At Days Inn Leven led initiatives to hire older workers, people with disabilities, and the homeless, a commitment that earned the company an Outstanding Employer Citation from the AARP.

In the clip below, Leven shares his personal philosophy about business:
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Click here to hear more from Mike Leven.

Click here to learn more about the Institute for Hospitality Entrepreneurship's "Conversations With Entrepreneurs" series.

Monday, October 08, 2007

Tooting Our Own Horn

We just came across a letter from the editor of AACSB (Association to Advance College Schools of Business)
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No doubt about it, entrepreneurship students are part of the video generation. YouTube has over 1200 videos on the topic, ranging from a rundown on the Xavier University program done by students, to interviews with former Intel president Andy Grove. The challenge to educators is how to find good videos. Fortunately, several entrepreneurship programs offer comprehensive answers. These include:

eClips.cornell.edu: The eClips collection is a free service (requires registration by faculty) with over 8500 clips of entrepreneurs, experts and managers covering all aspects of entrepreneurship and business. What is remarkable is that every clip is transcribed and searchable, so a query on “cash flow” will produce nearly 200 clips. For every clip, eClips provides information (and downloadable Powerpoint slides) on the speaker and the company, as well as related clips.

edcorner.stanford.edu: While a smaller collection than eClips (977 clips), this collection boasts some of the most famous names in the business – Guy Kawasaki, John Doerr, and Larry Page to name a few. The site also is free to use.

There also are commercial sites with outstanding clips on entrepreneurship, such as SBTV.com (the Internet’s small business television network), Your Money on MSNBC (www.msnbc.msn.com/id/13561213/) – which even has an online elevator pitch collection, and BusinessWeek.com’s video collection (at the hard-to-remember URL of "http://www.businessweek.com/mediacenter/video/direct.html" http://www.businessweek.com/mediacenter/video/direct.html). These commercial sites’ videos all boast uniformly top-notch production values, and a fast-paced approach, however, none of them offer the level of in-video searching that the two academic sites make available.

Pedagogically, these sites make it possible to expose students on your schedule to a broader range of entrepreneurs and topics than can easily be done in the classroom setting. Most of the videos from these sites are short (2-4 minutes) and can punctuate points quickly, letting your faculty cover more. For multisection entrepreneurship courses, using the videos help assure a common experience among the different sections.

The new online video revolution has led to a different educational experience than the publisher-supplied approach of a few years ago. Today, each university and even each class can have a unique combination of high-quality videos, drawing on a mix of well-known and less locally known entrepreneurs and businesses. That is a practical example of the benefit of the modern, more collaborative, Web.
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To reference the article, please use this link.

Wednesday, October 03, 2007

Tiffany Norwood Speaks To eClips


The main competitive advantage that you can have over and above anything else as an individual starting a company is to really be passionate and have a strong intent for what you're doing.

- Tiffany Norwood

Tiffany Norwood is the co-founder and Executive Vice President of Commercial Opperations for Next Generation Broadband(NGB). Norwood manages all commercial activities for NGB, including sales, marketing, product development, customer management, strategic partnerships, as well as, corporate strategy.

Norwood recently took the time to speak with eClips about her academic and professional background as well as her creation of Next Generation Broadband. She also shared thoughts on the importance of developing a culture of respect within the company to encourage and retain employees. In addition, Norwood discusses funding, exit strategies, entrepreneurship and work-life balance.

Below, we've included a portion of one of Norwood's clips where she discusses the impact that rowing crew in college had on her future interactions on teams in the business environment.

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Interested in hearing more from Norwood? Please check out her interview in eClips.

Sunday, September 30, 2007

A Catalyst For Change



"Gender is more a predictor of height than it is of leadership." - Ilene Lang, President of Catalyst



Ilene H. Lang is the President of Catalyst, the leading research and advisory organization working with businesses and the professions to build inclusive environments and expand opportunities for women at work. Lang was appointed President in August 2003 after a long and illustrious career in the technology industry.

Lang took the time recently to speak with eClips and discuss both her decision to enter the not-for-profit world and the role that Catalyst plays in helping to build better work environments for women. Lang also discussed the challenges she faced in the professional environment and how those challenges have and have not changed for young women now entering the workforce.

To see a highlight from Lang's comments, please watch the video below.
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To hear more from Ilene Lang, please listen to her interview in eClips.

Wednesday, September 26, 2007

Thoughts on Opting Out

"The State of Things" is a live radio program hosted by Frank Stasio devoted to bringing the issues, personalities, and places of North Carolina to its listeners.

On Septmber 25, 2007, the show featured a segment entitled "Opting Out". Stasio and his guests discussed the trend of college-educated professional women who are leaving full time jobs to stay at home with children. The show explored whether this trend is a return to traditionalism or a statement about the flexibility of American employers?

To listen to this radio segment, click this State of Things link.

Many female contributors to eClips have also shared thoughts on this topic. To hear from these women, please look at the eClips theme entitled Working Moms: Thoughts on Juggling Career and Family.

Friday, September 14, 2007

Getting To The Hart of Sustainability

"Social and environmental challenges of the world are the biggest business opportunities for the next 20 or 30 years probably for the next century." - Stuart Hart, Samuel C. Johnson Chair in Sustainable Global Enterprise at Cornell University's Johnson School
Stuart Hart founded Cornell University's Johnson School Center for Sustainable Global Enterprise. He is one of the world's top authorities on the implications of sustainable development and environmentalism for business strategy.

Hart has published over 50 papers and authored or edited five books. He wrote the seminal article "Beyond Greening: Strategies for a Sustainable World," which won the McKinsey Award for Best Article in Harvard Business Review in 1997, and helped launch the movement for corporate sustainability. With C.K. Prahalad, Hart also wrote the pathbreaking 2002 article "The Fortune at the Bottom of the Pyramid," which provided the first articulation of how business could profitably serve the needs of the four billion poor in the developing world. In addition, he authored "Capitalism at the Crossroads: The Unlimited Business Opportunities in Solving the World's Most Difficult Problems" (Wharton School Publishing, March 2005.)

During his conversation with eClips, Hart shares his thoughts on the history of economic development and the increasing need for sustainable business practices. He also discusses the "bottom of the pyramid" concept and defines why he believes that the current generation stands at the most critical tipping point that has ever faced humanity.

To hear comments from Stuart Hart, listen to his interview in eClips.

To hear the clip which includes Hart's quote from above, listen to the video below:

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Thursday, September 13, 2007

Crueller-Maker-Turned-Crusader

Phil Holland has been an entrepreneur throughout his adult life. His businesses have included building "spec" houses, the manufacture of automatic doughnut machinery, designing and building apartment complexes, restaurant franchising, doughnut retailing and the development and management of shopping centers.

In 1970 he founded Yum Yum Donut Shops, Inc. with just one shop and 5000 dollars which went on to be the largest chain of privately owned donut shops in the United States. He sold his interest in Yum Yum in 1989.

Starting after the Los Angeles Rodney King riots in 1992, Mr. Holland began conducting a free night course in Compton, California to encourage people to start new businesses. The course was designed to help entrepreneurs avoid the common mistakes many entrepreneurs make when starting out. With this beginning, a 501(c)(3) non-profit organization was formed, My Own Business, Inc. (MOBI). The goal was to help foster successful entrepreneurs worldwide.

During his conversation with eClips, Holland discusses his fascinating personal adventure in entrepreneurship and also discusses his decision to create My Own Business, Inc.

To hear comments from Phil Holland, listen to his interview in eClips.

To hear a sample, listen to Phil's comments on entrepreneurs and cash flow below:

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Tuesday, September 11, 2007

eClips speaks with Kevin Warner

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Kevin Warner is the Senior Director of Worldwide Education at Cisco. He joined Cisco in 1996 to assist the company with the development of their Education Market Development Group.

During his conversation with eClips, Warner shared thoughts on the development and growth of Cisco's Entrepreneurial Institute. As seen in the clip posted above, he also shared insights into what makes a strong and effective leader.

To hear comments from Kevin Warner, listen to his interview in eClips.

Monday, September 10, 2007

Slope Radio Heads Uphill

eClips spoke with Alex Zahn, co-founder of Slope Radio, about a year ago. During that interview, Zahn shared thoughts on the challenges of being a young entrepreneur and establishing a student-run radio station.

As of today, September 10, 2007, things became more interesting for these student entrepreneurs. Slope Radio is now Slope Media Group (SMG), Cornell's first comprehensive, student-run multimedia organization, offering 24-hour television, international programming, sports coverage and magazine publishing.

To read more about this recent development, see the Cornell Chronicle article on the SMG.

Click here to hear comments from Alex Zahn in eClips on the founding of Slope Radio.

Thursday, August 30, 2007

Joy Kuebler Honored

Joy Kuebler of Joy Kuebler Landscape Architect was recently named to Buffalo Business First's 16th annual "40 Under Forty" honor roll.

The 40 honorees -- all under the age of 40 -- are being recognized for their records of professional success and community involvement.

Joy Kuebler is the founder of Joy Kuebler Landscape Architect PC (JKLA). Her company's design projects have included one half acre community built parks, intimate gardens for small children, large university campus redevelopment and large city inter-modal transit facilities.

Click here to hear clips from Joy Kuebler's interview with eClips.

For more information about Buffalo's 40 Under 40 Winners, please access this Buffalo Business First article.

Monday, August 27, 2007

Update on Scott Belsky


"I feel like every day is an investment in something."
Scott Belsky, Founder of Behance

eClips recently caught up with young entrepreneur, Scott Belsky. When we last spoke with Scott, he was working at the Pine Street Development Initiative Group - a small global team within Goldman Sachs focused on leadership development, organizational improvement, and strengthening key client relationships. Before joining Goldman Sachs, Scott was a high school and college student and also Co-Founder and President of Live Big Enterprises, a sportswear and corporate clothing company. Live Big was featured in Newsweek and Business Week Online in 2001, and was sold in the summer of 2002.

Scott is now juggling an MBA program at Harvard Business School and a new startup, Behance. The Behance team helps creative professionals and organizations make ideas happen through a process called "productive creativity". Click here to learn more about Behance.

During this recent sit-down, Scott discussed the challenges of building Behance while pursuing his MBA. His comments truly outline the risks and rewards of being a young entrepreneur. We look forward to watching this creative entrepreneur's journey as he continues to grow.

Click here to hear more from Scott Belsky in eClips.

Saturday, August 25, 2007

Wendy Brawer Speaks To eClips


"Designers create the artifacts that shape the modern world, that shape our daily life that determine our future. "
-
Wendy Brawer, Founder of Green Map System

Wendy Brawer is Founder and Director of Green Map System. In addition, she has been an eco-designer, public educator and consultant since 1990.

During an interview with eClips, she discusses the background of her Green Map System organization and also shares thoughts on the impact of design on entrepreneurship and the importance of socially responsible business.

Interested in learning more about Brawer? Check out Brawer's website, or listen to her comments in eClips.

Wednesday, August 15, 2007

Cornell Alumni Share Thoughts On Their Alma Mater


eClips now has over 9000 clips from well over 400 entrepreneurs and experts. Many contributors to our collection are alumni of undergraduate or graduate programs at Cornell University.

Since we are coming into the time of year where college students return to campuses...and alumni follow later in the Fall to return for Homecomings, we thought it would be interesting to scan our collection to see what Cornell alums had to say about their Cornell experience.

What we found was an incredible array of comments. Some entrepreneurs shared stories of freshman experiences where they almost failed out of the school - and then discussed how those life lessons in humility and resiliency impacted their professional lives. Others spoke of the incredible leadership opportunities or experiences with diversity that Cornell provided, which too helped to shape professional futures.

No matter the experiences, the common thread was the appreciation for the lessons learned and the love for the school that provided them - Cornell.

We chose our favorites and created a new theme in the collection entitled Loud Her Praises Tell. (In case you were wondering, the theme's title comes from the refrain of the Cornell alma mater which is performed by the Cornell Glee Club in this link.

Friday, August 10, 2007

Taking It To The Streets


"It's not hard to see what differences we've made."
Sean Basinski, Founder of Street Vendor Project


eClips just added an interview with social entrepreneur Sean Basinski to our collection. Basinski is the Director of the Street Vendor Project.

Sean Basinski is the Director of the Street Vendor Project. The Street Vendor Project works to correct the social and economic injustice faced by street vendors in New York City. Reaching out to vendors on the street, the organization holds clinics to educate vendors about their legal rights. Working to support a local vendors' rights movement, they organize vendors to participate in the political process that determines their fate.

Sean Basinski received his JD from Georgetown University Law Center and his undergraduate degree from the University of Pennsylvania. For nine months before he started law school, Sean built a pushcart and sold Mexican food on Park Avenue and 52nd Street.

Click here to hear more from Sean Basinski's interview in eClips.

Interested in supporting the Street Vendor Project? Check out this link for their upcoming "Vendies" fundraiser.

Sunday, July 22, 2007

Rachel Doyle Rocks





Rachel Doyle, founder of GlamourGals and eClips contributor has just been featured in the July 20th edition of CNN's "Young People Who Rock".

CNN's Nicole Lapin speaks with Doyle during the segment about the background of GlamourGals and how the organization expands beyond makeovers to establish connections between young people and seniors. Doyle shares how the GlamourGals organization is working to build young female leaders and states that anyone can follow their passion - they just have to get out there and do it.

Congratulations to Rachel for being nominated as one of CNN's "Young People Who Rock".

If you want to hear more from Rachel Doyle, please listen to her comments in eClips.

Saturday, July 07, 2007

One Smart Cookie


"It really needs to be about what's in your heart and what your real end goal is."

- Scott Blackwell, Founder and CEO of Immaculate Baking Company

In 1995, Scott Blackwell started Immaculate Baking Company in his garage with big dreams and a few simple goals: To create top-quality baked goods with fun and unique combinations, to celebrate the creativity of folk art, and to somehow give back.

He has now grown well beyond the garage, won several national awards and expanded to produce not only award-winning original flavors of delicious cookies made with organic ingredients, but also a 100% organic line of cookies for children. Sales for the company increased by over 125% in 2006 and production has doubled.

The company has remained true to its social mission as well and spoils from their cookie sales go to help American folk artists. Works of folk artists and their biographies appear on the packaging of all Immaculate Baking Company products, some of which are distributed on jetBlue Airways. In 1999, Blackwell established the Folk Artist's Foundation to provide support and exposure for folk artists. He also created the Soul Food Fund to support his belief that creativity is food for the soul. The Fund sponsors fundraisers, art outreach events and workshops that pair folk artists with kids. As a result of all these efforts, the company thoroughly engages its employees, customers and artists in a cause that truly unites communities.

To hear more from this remarkable entrepreneur, listen to his interview in eClips.

Wednesday, June 27, 2007

Learning Through Laughter

"Through humor, you can soften some of the worst blows that life delivers." - Bill Cosby

While eClips hasn't ventured into the world of stand-up comedy, we have created a new theme to group some of the more memorable anecdotes shared by our entrepreneurs and experts.

Some share tales of hitting rock-bottom as entrepreneurs...
Others share stories of business and product failures...
A few reflect on the insane risks taken while chasing down their dreams...

The common thread though is that all the speakers came through the trials stronger with their senses of humor intact...and we can now learn from their adventures (and chuckle a bit too) as we listen to their stories.

Ready for a laugh? Listen to the clips in our new theme Humorous and Memorable Stories About The Journey.

Wednesday, June 20, 2007

Insights From Internships

"It opened to my eyes a whole other area."
- Scott Bernstein's thoughts on his internship experience

Internships are the ultimate in experiential learning. For a summer or a semester, students have the chance to see what it is like to work in the "real world". Some walk away realizing that it is their dream and can't wait until graduation to make it a reality. Others walk away with a new perspecitve and realize that they need to change course.

Many of the entrepreneurs and experts that have spoke to eClips have shared their thoughts on internships and we have collected those clips into a new theme.

Interested in finding out more about what entrepreneurs and business leaders have to say about the value of internships? Listen to the clips in our new theme Internships Can Open Your Eyes.

Thursday, June 14, 2007

Sweet Charity

"We think about trying to make the world a better place and I think that we're both crazy enough to think that maybe we can make a little bit of a difference." - Sandy Weill

eClips is pleased to announce the creation of a new theme to celebrate exciting news that came out of Cornell University yesterday.

On June 13, 2007, Cornell University President David Skorton announced extraordinary gifts of $450 million to the university's philanthropic campaign. The principal gift of $300 million - the largest single donation Cornell has ever received - came from Joan and Sanford I. Weill.

To celebrate the occasion - and to highlight some of our clips from Sandy Weill and other importance philanthropists - we created the theme Personal Thoughts on Philanthropy and Charitable Giving. Check it out and listen to what successful entrepreneurs and philanthropists have to say!

Thursday, May 31, 2007

Carbon Credits Explained

"A carbon credit is a financial instrument at the end of the day. It's a commodity that you trade, you hedge, you forward, you use to meet your obligation of emission reduction."

- Ed Heslop, CEO of Environmental Credit Corporation



In light of "An Invconvenient Truth", rising gas prices and endless media coverage on alternative fuels, we wanted to highlight a recent addition to the collection where Ed Heslop, president of Environmental Credit Corporation defines carbon credits and discusses the rewards and challenges of trading this "commodity".

In addition to Heslop, other entrepreneurs and experts have spoken with eClips about developments within the energy sector. Interested in hearing more? Check out comments from Daniel Goldman and Daniel Kammen as well.

Tuesday, May 22, 2007

"My Start-Up Life" - A Review








Ben Casnocha's book, My Start-Up Life: What a (Very) Young CEO Learned on His Journey Through Silicon Valley, is a disarming tale of a startup told by an young entrepreneur who, instead of trumpeting his tale as a tribute to his own genius, shares the real inside story, a rollercoaster of a journey. Ben's story shows the value of being humble enough to ask questions when you don't understand and being determined enough to put one foot in front of the other and build a real business. I especially appreciate the way Ben portrays the crucial role of mentors in his successful business. In addition, Ben clearly understands one thing that often evades entrepreneurs (young and old) : the value proposition of a business must be defined from the customer's point of view. And Ben's story does hinge on what I call the twin devils that plague all entrepreneurs: cash flow and people issues.

The book has interesting discussions of so many practical issues, including how to: teach yourself about finance and accounting, build a board, ask the right questions in a sales pitch, find the right kind of money, pay close attention to detail when presenting, and move a product from small scale to large scale.

It would be tempting to focus on Ben's age (indeed, he is a whiz-kid in every sense of the word), but I think the real value of the story is that it has so much in common with entrepreneurs of all ages. Ben struggled to be a "normal high school kid" in the same way I see many talented entrepreneurs struggle to reconcile their own highly empowered view of life with others who are on more passive tracks. Most of Ben's mistakes are not a function of being young, but a function of being human and therefore fallible at times. His successes are equally disconnected from age and result from an unyielding personal commitment to his passion to make his business work and the desire to hear "yes" instead of "no" from the Universe.

Probably the most compelling part of Ben's story is his description of the product development process. What Ben calls the "long hard slog" is the process of taking Comcate from a piece of software initially created from a an simple sketch sent by a teenaged American to a young programmer working overseas to a consistent product, designed for scale and focused on "good revenue" (money coming from product features that don't require extensive support). The slog is where Ben seems to have learned the critical life lessons that will surely help himpursue his entrepreneurial vision.

Ben's book does have two specific messages that I think are extremely important to high school and college audiences. One of them is to manage your "personal brand." In this You-tube, MySpace, facebook world, young people tend to forget that future recruiters and investors will quickly find the footprints students are leaving in the digital world right now. I would love to see more highschoolers and college students resist the urge to share their most intimate moments with the rest of the world in the name of social networking. The second message is the call to be philanthropic. Entrepreneurship education understandably attracts individuals with ambitious income goals, but many do not understand the power of using that wealth in philanthropic ways.
Ben ends his book with an interesting reading list. We hope in future editions, he'll include a "Listening List" from eClips!

Interested in learning more about the book? Check out the book's website.

Sunday, May 20, 2007

Poop To Profit

Today's Sunday New York Times Magazine featured an article on TerraCycle entitled The Worm Turns. In this article, Rob Walker discusses the success that this eco-startup has had and also states that the company is not likely to be a flash in the pan.

eClips has been fortunate enough to track this startup journey from its beginning. Our interviews with Tom Szaky (CEO) and Albe Zakes (company spokesperson) have been able to capture the rewards and challenges of being a young entrepreneur and building a socially responsible comapny.

Walker's article states that TerraCycle's previous sales projections have been a bit overly optimistic - but it looks as though this year will result in $6 million in sales - which would finally make TerraCycle profitable.

Based on Szaky's following quote to eClips, you could argue that optimism is what he has always been about -
"You have to be able to dream big or you can't get big." - Tom Szaky
We are excited to be able to follow TerraCycle's journey and share their insights with all of you!

Thursday, May 17, 2007

Entrepreneurship Is About the Journey

When asked, ”What makes eClips so special?” we sometimes find it hard to give a concise answer.

We could talk about the fact that eClips now has over 8500 digital video clips that are fully transcribed and indexed for easy searchability.

We could mention the 900 themes that group clips into related topics such as
Toot Your Own Horn Without Blowing It
Cash Flow Is More Important Than Your Mother and
Funding a Startup With Bubblegum and Baling Wire

We could highlight the breadth of the collection – with entrepreneurs and experts from industries as varied as agriculture to apparel to hospitality to life sciences to manufacturing to venture capital to waste management.

We could point out that out of the 400 entrepreneurs and experts in the collection, almost 200 are women.

We could discuss our special collections on Young Entrepreneur Stories or Socially Responsible Entrepreneurship

But when it all boils down to one sentence, the best thing that we can say is that our collection illustrates that -

Entrepreneurship is about the journey.

You can read a textbook that teaches you how to understand a balance sheet – but eClips lets you hear Colin Hill, CEO of Gene Network Sciences, state,
“I really understood the technology. I think the disadvantage I had was that I knew very little about a lot of the basic things you are supposed to know in running a business like how to read a balance sheet and how to do deals.”
Creative people in design and performance often see involvement in business as “selling out”. Yet eClips provides the opportunity to hear Rachel Lampert, Director or Kitchen Theatre state,
“When I say that I am entrepreneurial. I am looking for the way to find the means to work as an artist, so for me it is the way to put together a business, company, a life that allows me to do the things that I want to do.”
Students and professionals interested in social responsibility often argue that business is only about making a profit and "entrepreneurship" is a dirty word. eClips brings wisdom from Bena Burda, CEO of Maggie’s Organics who feels commerce and trade can be viable solutions and states,
“Business absolutely is a change agent.”

With over 8500 clips, we could provide almost limitless examples. Interested in learning more? Visit eClips today!

Monday, May 14, 2007

Felix Laboy Discusses Entrepreneurship

"It's a wonderful thing to be your own boss and to make decisions on a daily basis."
- Comment from Felix Laboy in eClips






Felix Laboy is co-founder, President and CEO of E-site Marketing. His company specializes in creating E-business solutions exclusively for the hospitality industry.

Laboy recently spoke at Cornell University as part of the 2006/2007 series of "Conversations with Entrepreneurs" offered by the Institute for Hospitality Entrepreneurship at Cornell's School of Hotel Administration. During his lecture, he discussed his experience in the hospitality industry and how that expeirence gave him the tools he needed to become and entrepreneur and start his own company.

His main messages are to find your passion, deliver the best service to the customer and learn all you can from each professional experience.

To hear more from Felix Laboy, listen to his comments in eClips.

Wednesday, May 09, 2007

Thoughts on Innovation



"You have to have a system that rewards innovation which means almost by definition rewarding failure, because you can't innovate and be creative without failing a lot of the time. "

The quote above was made by Howard Morgan, Director at IdeaLab and captured in eClips. IdeaLab is an incubator that was started by Bill Gross 1996 with the goal of creating and operating pioneering technology companies.

An article which appeared in the New York Times on May 7, 2007 entitled "Beam It Down From The Web, Scotty" discussed a new company started at IdeaLab. The company is called "Desktop Factory" and wants to be the first to to deliver a 3-D printer for consumers.

Imagine being able to "print" that lost piece for your child's Lego set or the missing plastic shelf holder for the bookcase you just bought at Ikea! The possibilities are endless but innovation is the key to it all.

To hear more about innovative thinking at IdeaLab, listen to more of Howard Morgan's comments in Howard Morgan, Director at IdeaLab eClips.

Wednesday, April 25, 2007

Solid Foundations

"If you actually made a difference, I think that's the greatest reward and the best testimony to your life."

Wise words from Doris Buffett, sister of Warren Buffett and founder of her own self-funded charitable organization, Sunshine Lady Foundation.

Doris Buffett was at Cornell University recently and eClips was fortunate enough to catch up with her and capture some of her wonderful words for our collection. To hear the full context from Buffett's quote, listen to the eClip.

Another recent addition to eClips is a lecture from Joanne Florino, Executive Director of the Triad Foundation. She recently spoke on both the background and current challenges facing charitable organizations. To hear more about what Florino had to say, check out her comments in eClips.

Apparently, eClips is not alone in our interest in charitable organizations. In the May 7, 2007 edition of Forbes, Vartan Gregorian, president of the Carnegie Corporation, wrote an article entitled The Charity Chain. In the article, Gregorian states the need for big foundations to band together to address global needs. He ends the article with a comment which is very similar to the one from Buffett - "What is done to improve the lives of human beings is much more important than who is responsible."

Friday, April 20, 2007

Journey To The Top

Karen Katen, Chairman of the Pfizer Foundation and retired Vice Chairman of Pfizer, was recently the Keynote speaker at the 2007 Catalyst Awards Conference. Her keynote was entitled "One Woman's Journey To The Top"

During her lecture, she discusses the current challenges and opportunities facing women in the professional world and also states that her journey to the top was not a solo effort and was possible due to the collaborative efforts of all the women who went before her.

Click here to hear this clip and the rest of Katen's lecture in eClips.

Wednesday, April 18, 2007

Charity Isn't Always Sweet


Caroline Baillie was the keynote speaker during the Olympus Innovation Awards Ceremony at the 11th Annual NCIIA meeting.

During the lecture, Baillie discussed the importance of educating engineering students about innovation tempered with the concept of social responsibility.

She stated, "Charity generally keeps things the same. Justice means we actually want things to be changed so that there's more equity and when we follow each of those paths, we do different things." While engineering students can be trained to develop new products that could help consumers in developing countries, there also must be economic models in place that drive home the point to these same consumers that this is not a hand-out, but rather their personal investment.

Listen to the above quote from Baillie's lecture in eClips.

Sunday, April 15, 2007

Entrepreneurship Education In Action

Burt Swersey, lecturer in Department of Mechanical, Aerospace and Nuclear Engineering at Rensselaer Polytechnic Institute (RPI) was recently awarded the 2007 Olympus Lifetime of Educational Innovation Award.

For the past 18 years, Swersey has taught the ideals and methods of innovation and has served as a role model to students. Many of these students have made significant impacts, either as entrepreneurs or as product designers for well-established companies, accumulating patents and business plan competition awards.

One of these students was John Blackburn, RPI '05, president of BullEx Digital Safety, a company that has developed a novel clean-burning, safe and effective fire extinguisher training system. The invention was sparked in one of Swersey's engineering courses!

eClips was able to interview both of these gentlemen during the 11th Annual NCIIA meeting this past March. Their comments have recently been added to eClips.

Listen to Burt Swersey share thoughts on innovation and entrepreneurship education as Burt speaks with eClips.

Listen to John Blackburn share thoughts on building a startup and share challenges he has experienced as a young entrepreneur as John speaks with eClips.

Interested in hearing more from Burt Swersey? Check out his Innovation Junction blog.

Wednesday, April 11, 2007

400 and counting!

eClips just reached a milestone of sorts...we just loaded our 400th case.

eClips now contains over 8000 digital video clips from 400 different interviews, panels and lectures.

If you are new to eClips, come take a look at what we have to offer.

If you are one of our more experienced users, keep coming back - there are always fresh insights being added!

Saturday, March 31, 2007

Deb Is A Winner!

On March 26th, winners of the 2007 Olympus Innovation Award were announced. The eClips team was especially proud to learn that Professor Deborah Streeter was awarded an Innovation Award in recognition for her contributions to Cornell and, more broadly, for being a pioneer in innovation and entrepreneurship education.

Specifically, "the judges were particularly impressed with Streeter’s eClips initiative, a collection of more than 6,000 digital video clips on entrepreneurship, the world’s largest such online collection."

Click here to read the Cornell Chronicle article on Deborah Streeter's award.

Click here to read the Cornell Daily Sun coverage of Deb's win.

Click here to read the the Olympus Press Release.

Thursday, March 22, 2007

No Impact, Family Farming and A Year Without Toilet Paper

In today's New York Times, the lead article on the front page of the Home and Garden section was entitled "The Year Without Toilet Paper". It shares the story of New York City residents Colin Beavan, 43, a writer of historical nonfiction, and Michelle Conlin, 39, a senior writer at Business Week, who are one-third of the way through a yearlong "No Impact" lifestyle experiment. According to the article, the rules for "No Impact" include, "eating only food (organically) grown within a 250-mile radius of Manhattan; (mostly) no shopping for anything except said food; producing no trash (except compost, see above); using no paper; and, most intriguingly, using no carbon-fueled transportation."

So why are we writing about this in the eClips blog?

Well, as it turns out, Beaven relies on NYC's Union Square Greenmarket for his groceries - including buying his milk in reusable glass bottles from Ronnybrook Farm Dairy.

Ronnybrook Farm dairy is a family-run dairy farm and creamery located in the Hudson Valley. One of the three brothers who co-own the farm, Rick Osofsky, sat down with eClips to discuss the difficulties facing the family farm as well as the rewards and challenges of working in green markets.

eClips has captured entrepreneur and expert comments on social responsibility and sustainability for years. In addition, we have an extensive collection of comments related to Ag- and Food- Based businesses.

Take a look at the No Impact Man blog, read the New York Times article and then stop by eClips to hear more about Ronnybrook Farm.