33 takeaways from Social Capital 2016

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


As a startup, a lot of people

are quick to criticise…

But not so quick to help

or offer advice


Want partnerships?

Don’t be afraid to reach out.

(How to partner with Harvard,

Microsoft and more)


Socent or startup?

Watch out for burn out.

Check in with yourself – are you still

passionate about the project?


We need to change perceptions

about profit for socent.

It’s ok to make a profit.

It’s ok to be successful.


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


At the core, commercial ventures

and socent have the same aim:

To solve a problem.


Rather than fighting for the

small pool of grant funding…

Create products you can sell

It’s a much bigger opportunity


Don’t sit on your ideas

Jump in and test your

ideas on the market


Get the doors open

There’s no such thing as

a finished product


The market is always bigger

than you think it is


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



Talent will never sink

you. Idiosyncrasies do.



Hope is not a strategy.



Don’t solve problems.

Create value.

Two scary words for

socent executives:

Decide & Refuse


TOUGH LOVE FOR SOCENT GROWTH

Tough love that almost

led to a walk out…

Your staff are not your clients



If you want to grow

and you don't love

making money…

You need to hire

someone who does



Create mini rebellions



Go big, or get out.



Make yourself available

to make mistakes



Forgive yourself

for mistakes.

Be tough on issues,

and soft on people.



Challenge your board

to ask the tough questions



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

Small Business & Entrepreneurship

33 takeaways from Social Capital 2016