Podcasts about lucy how

This fortnight, Ros and Laura bring you an interview with Business & Profit Coach Lucy Starbuck. For all of you artists out there who are confused / bewildered or avoidant when it comes to business finances this episode is for YOU!    We love the energy and enthusiasm that Lucy has when it comes to numbers. As a chartered accountant and 15 + years in the game - she knows her stuff! This episode is timed perfectly for those who are coming up to end of year tax time (as we are in Australia) so you can start thinking about what new finance strategies you are wanting to put into place for your art business over the next tax year!    In this episode we go back to basics and we ask Lucy - How do we get started, and discover what advice she would give to someone that is new to business and managing their finances. We also touch on the money management strategy outlined in the book: “Profit First” written by Mike Michalowicz. Lucy shares her take on this book and some great practical tips that you can implement now in your business to set it up for success.   Lucy has some great offers designed for small business owners to get the motivation and support around all things money. She has her “Magic by Numbers” 5 week course where she  shows how to unlock the mysteries of your Profit & Loss. And she also has her Fiance Fix course    We hope that you enjoy this episode!   Please send us a DM on Instagram to tell us how you found this episode and let us know if you have any ideas for future topics for the show.   PODCAST LINKS:   INSTAGRAM: https://www.instagram.com/lucystarbuck.co/   Website: https://www.lucystarbuck.co/   Finance FIX: https://www.lucystarbuck.co/thefinancefix   Join the waitlist for Magic by Numbers: https://www.lucystarbuck.co/magicbynumberswaitlist   Profit First Book: https://mikemichalowicz.com/profit-first/   FIND US AND FOLLOW US ONLINE!   Follow Laura on Instagram: https://www.instagram.com/laurajaneday/   Follow Ros on Instagram: https://www.instagram.com/rosgervayart   And to book a creative kick-start coaching session with Laura or to find out more about her workshops please visit: https://laurajaneday.com/   Join the WAITLIST for Laura's new 8 week online group coaching program - Go to: https://laurajaneday.com/waitlist   To explore Ros' business coaching offers visit https://www.permissiontopaint.co   Please help us grow our Podcast by leaving us 5 stars on Spotify or a review on Apple Podcasts. Here is how!

Patrick answers caller questions about fatherhood, how do we know when we are possessed, are we responsible for 'saving' our loved ones by telling them about God, is having religious statues idolatry, and how can we tell if something has a soul? Joseph (email) – What does the Church teach about fatherhood that we won't hear from the secular world? Lucy - How do we know when we are possessed and how can we avoid it? Lenore - Maybe if we spend some of our money towards forming the youth, we might not have this woke mentality Betty - How much are we responsible for 'saving' our loved ones by telling them about God? Phil - We can lower Catholic school tuition by giving scholarships for families Dennis (email) – Do babies confess their sins before being baptized, where in the bible does it say Jesus' mother is an intercessor for anyone, and are those little medals, like St. Christopher, pinned on people's shirts idolatry? Fred - How can we tell if something has a soul?

(Lucy) How did Ivanhoe become a wildly popular school text? And what happened to the interpretation of the text when it did? Across the Anglophone world, Scott's medieval England became reified as a time and place of chivalric adventure, despite the novel's often ironic tone and often pointed social criticisms. This episode examines how Sir Walter Scott's imagined past became something very different as it was reinterpreted in popular culture, in sometimes sinister ways.    Click here for tips for Teaching with Podcasts! Or here to buy some FH Merch! We are now on Youtube with accessible captions checked by members of our team! And you can find out how to support us through our FH Patreon to help keep our content open access!

Building a successful company can’t be done alone. It doesn’t matter how brilliant your idea is or how determined you are as a founder—to scale sustainably, you need a passionate, driven team. But how do you get your team to invest in your company’s growth? It all comes down to one often overlooked factor: empathy. Empathy is what Sherry Stewart Deutschmann used to build her $40 million company, LetterLogic Inc. In our conversation today, we dive into Sherry’s background, leadership philosophy, and unique take on profit sharing. You’ll pick up tips for hiring smarter, engaging employees, and learning how to evaluate your business finances and progress. About my guest:Sherry Stewart Deutschmann is a serial entrepreneur and author of the bestselling book, “Lunch with Lucy: How to Maximize Profits by Investing in Your People.” Sherry was also the CEO of LetterLogic Inc., a company she founded and grew to $40 million as a result of her revolutionary approach to leadership and profit-sharing. Now, Sherry advocates for other women entrepreneurs with her company, BrainTrust. In this episode we talk about:➤ How Sherry got started in entrepreneurship (4:46)➤ How she began building Lateral Logic (7:51)➤ Sherry’s profit-sharing strategy (10:05)➤ Why she does monthly financial discussions with employees (14:06)➤ Sherry’s advice for implementing a profit-sharing system (19:05)➤ Why criticism is crucial to growth (22:00)➤ How to build an effective leadership team (27:27)➤ The biggest business mistake Sherry made (30:47)➤ What surprised Sherry about business finance (34:30)➤ How sexism pervades the venture capital system (39:34)➤ Sherry’s advice for women entrepreneurs (43:04)Keep ListeningCurious to learn more about financing your growing business? Check out the crowdfunding podcast series talking about equity crowdfunding and reward-based crowdfunding. Contact MeI’d love to hear from you and answer your business financial questions. Record your question here or email me at christina@christinasjahli.com and I’ll answer in a bonus episode. Ready to master the skill of storytelling using your finances? Schedule a chat with me at any time.Connect with Sherry➤ Website➤ Facebook➤ Instagram➤ LinkedIn➤ Twitter

Microbiome researcher and scholar of integrative gut health Lucy Mailing, PhD. is back on the podcast with me today. Lucy just completed her doctoral degree at the University of Illinois at Urbana-Champaign, where she studied the effects of diet and exercise on the gut microbiome in states of health and disease. She has authored numerous peer-reviewed journal articles and recently won the Young Scientist Award at the International Scientific Conference on Probiotics, Prebiotics, Gut Microbiota, and Health in 2019. On this podcast, Lucy discusses her recent talk at the 2020 IHH-UCSF Symposium on Nutrition and Functional Medicine. The topic is myths and misconceptions about the microbiome - and some of these are quite surprising! We discuss gut testing methods and why some are better than others. Lucy explains why you consider skipping probiotics after a course of antibiotics and shares what to do instead to support repopulation of a healthy microbiota. She also discusses some of the best and worst gut-health supplements. Here’s the outline of this interview with Lucy Mailing: [00:00:30] Why care about the gut microbiome? [00:01:37] Previous podcast with Lucy: How to Optimise Your Gut Microbiome. [00:03:52] Unschooling and self-directed learning. [00:04:40] Book: The Carpenter and the Gardener by Alison Gopnik. [00:05:45] Podcast on unschooling: How to Support Childhood Cognitive Development, with Josh Turknett, MD. [00:06:16] Lucy speaking at UCSF: Microbiome Myths & Misconceptions (on Facebook). Slides from her talk. [00:07:46] Lucy's talk at the Ancestral Health Symposium 2019: Modulating the gut microbiome for health: Evidence-based testing & therapeutic strategies. [00:09:06] Myth: Culture-based stool testing is accurate. [00:11:00] Companies currently using 16S: Thryve and BiomeFx. [00:11:28] Podcast: How to Use Probiotics to Improve Your Health, with Jason Hawrelak. [00:12:16] Diagnostic Solutions GI-MAP. [00:14:34] Metagenomics; Onegevity. [00:14:56] Doctors Data and Genova have now added PCR (polymerase chain reaction) to their tests. [00:15:33] Parasites Blastocystis and Dientamoeba fragilis. [00:17:35] Jason Hawrelak’s course: Blastocystis & Dientamoeba: Gastrointestinal Pathogens or Commensal Symbionts? [00:17:39] Blastocystis.net. Book: Thoughts on Blastocystis, by Christen Rune Stensvold. [00:18:45] Gut dysbiosis is driven by oxygen leaking into the gut; Study: Rivera-Chávez, Fabian, Christopher A. Lopez, and Andreas J. Bäumler. "Oxygen as a driver of gut dysbiosis." Free Radical Biology and Medicine 105 (2017): 93-101. [00:19:04] Blastocystis might buffer oxygen influx, preventing the overgrowth of other pathogens. Study: Tsaousis, Anastasios D., et al. "The human gut colonizer Blastocystis respires using Complex II and alternative oxidase to buffer transient oxygen fluctuations in the gut." Frontiers in cellular and infection microbiology 8 (2018): 371. [00:19:40] Blastocystis colonization correlates with a higher bacterial diversity; Study: Audebert, Christophe, et al. "Colonization with the enteric protozoa Blastocystis is associated with increased diversity of human gut bacterial microbiota." Scientific reports 6 (2016): 25255; And the opposite result: Nourrisson, Céline, et al. "Blastocystis is associated with decrease of fecal microbiota protective bacteria: comparative analysis between patients with irritable bowel syndrome and control subjects." PloS one 9.11 (2014). [00:20:02] Myth: We know what a “healthy” gut microbiome looks like. [00:20:06] Lucy's blog on the elusive “healthy microbiome”: A new framework for microbiome research. [00:22:43] Microbial signatures of dysbiosis. [00:26:06] Myth: Everyone needs comprehensive gut testing. [00:27:37] Ivor Cummins and Malcom Kendrick podcasts: Should You get a CAC Heart Scan or Not? Part 1 and Part 2. [00:28:14] Myth: Breath testing is a reliable way to test for SIBO. [00:28:27] Lucy's blog posts on testing for SIBO: What the latest research reveals about SIBO and All about SIBO: Small Intestinal Bacterial Overgrowth. [00:29:40] Culture-based testing methods underestimate the number of bacteria in the small intestine by about a hundredfold; Study: Sundin, O. H., et al. "Does a glucose‐based hydrogen and methane breath test detect bacterial overgrowth in the jejunum?." Neurogastroenterology & Motility 30.11 (2018): e13350. [00:30:53] Orocecal transit time ranges from ten to 220 minutes; Study: Connolly, Lynn, and Lin Chang. "Combined orocecal scintigraphy and lactulose hydrogen breath testing demonstrate that breath testing detects orocecal transit, not small intestinal bacterial overgrowth in patients with irritable bowel syndrome." Gastroenterology 141.3 (2011): 1118-1121. [00:32:43] SIBO might not produce enough hydrogen to result in a positive breath test. Sundin, O. H., et al. "Does a glucose‐based hydrogen and methane breath test detect bacterial overgrowth in the jejunum?" Neurogastroenterology & Motility 30.11 (2018): e13350. [00:34:36] Myth: Most bloating, distension, gas is from SIBO (and we neeed to kill the overgrowth). [00:34:45] Small intestinal dysbiosis, not bacterial overgrowth is what underlies a lot of gut symptoms; Study: Saffouri, George B., et al. "Small intestinal microbial dysbiosis underlies symptoms associated with functional gastrointestinal disorders." Nature communications 10.1 (2019): 1-11. [00:36:09] Mark Pimentel's research group. [00:37:04] How to support the gut ecosystem; serum bovine immunoglobulins (SBI). [00:38:25] Orthomolecular SBI Protect. [00:38:38] Myth: A high-fat diet is bad for the gut. [00:38:52] Misconceptions from the scientific literature on high-fat diets. [00:39:54] Diet alters the gut microbiome composition within 48 hours; Study: David, Lawrence A., et al. "Diet rapidly and reproducibly alters the human gut microbiome." Nature 505.7484 (2014): 559-563. [00:41:06] The Hadza hunter-gatherer microbiota cycles with the seasons; Study: Smits, Samuel A., et al. "Seasonal cycling in the gut microbiome of the Hadza hunter-gatherers of Tanzania." Science 357.6353 (2017): 802-806. [00:42:41] Ketones may support gut barrier function. Study: Peng, Luying, et al. "Butyrate enhances the intestinal barrier by facilitating tight junction assembly via activation of AMP-activated protein kinase in Caco-2 cell monolayers." The Journal of nutrition 139.9 (2009): 1619-1625. [00:44:45] Myth: More exercise is always better.  [00:46:05] Zinc carnosine may reduce exercise-induced gut permeability; Study: Davison, Glen, et al. "Zinc carnosine works with bovine colostrum in truncating heavy exercise–induced increase in gut permeability in healthy volunteers." The American journal of clinical nutrition 104.2 (2016): 526-536. [00:46:45] Myth: You should always take probiotics after antibiotics. [00:47:51] Probiotics can delay the restoration of the native microbiota after antibiotics; Study: Suez, Jotham, et al. "Post-antibiotic gut mucosal microbiome reconstitution is impaired by probiotics and improved by autologous FMT." Cell 174.6 (2018): 1406-1423. [00:49:20] A better strategy: supporting the gut epithelial cell with butyrate; Study: Rivera-Chávez, Fabian, et al. "Depletion of butyrate-producing Clostridia from the gut microbiota drives an aerobic luminal expansion of Salmonella." Cell host & microbe 19.4 (2016): 443-454. [00:51:37] Myth: Prebiotics work the same for everyone and always feed good bacteria. [00:52:45] Blog post: Resistant Starch: Is it Actually Good for Gut Health? [00:53:12] Cooking food affects microbiome; Study: Carmody, Rachel N., et al. "Cooking shapes the structure and function of the gut microbiome." Nature Microbiology 4.12 (2019): 2052-2063. [00:54:27] Variable glycemic responses to Fructooligosaccharide (FOS) and Galactooligosaccharide (GOS); Study: Liu, Feitong, et al. "Fructooligosaccharide (FOS) and galactooligosaccharide (GOS) increase Bifidobacterium but reduce butyrate producing bacteria with adverse glycemic metabolism in healthy young population." Scientific reports 7.1 (2017): 1-12. [00:55:32] Myth: All herbal antimicrobials are safe and effective. [00:56:13] Grapefruit seed extract inhibits a broad spectrum of bacteria and is toxic; Study: Heggers, John P., et al. "The effectiveness of processed grapefruit-seed extract as an antibacterial agent: II. Mechanism of action and in vitro toxicity." The Journal of Alternative & Complementary Medicine 8.3 (2002): 333-340. Presentation by Jason Hawrelak, PhD: Phytotherapy in the Treatment of Dysbiosis of the Small and Large Bowel. [00:57:03] Herbs that have been found to be useful: Atrantil, Iberogast, triphala. [01:00:44] Current projects: blogging, consultation, creating training courses. [01:03:02] Lucy’s website, support Lucy’s work on Patreon.

We've been hearing from a number of listeners who have sent in questions on a wide range of topics so we decided to dedicate an entire episode to answering as many as we can. From rental properties to fees and commissions to 401k company investing and more, we cover a lot of ground on this episode.   Full Show Notes: https://www.baschrock-fg.com/podcast/ep-13-401k-investing-and-ira-volatility-other-listener-questions/    Today's Rundown:  0:43 – Does Ben get into Black Friday? 1:45 – Today we spending the entire episode answering listener questions. 2:20 – Question from Charlie: It seems counterintuitive to move out of a house I've paid off to move into a townhouse rental. But I don't want to worry about repairs. Is that a good idea? 3:17 – This could be an idea that more and more people begin to embrace for multiple reasons. 4:00 – Question from Sally: Are fees and commissions the same thing in the financial world or are they different? 4:51 – Here's Ben's perspective on fees vs commissions. 5:54 – Question from Lucy: How often should I be meeting with or talking to my financial advisor. I get a birthday card every year but that's about it. 6:55 – We meet with first-year retirees 6-8 times over that year and here's why. 7:41 – Ben encourages clients to reach out as frequently as they feel necessary. 8:06 – Question from Kevin: My company is going to stop matching 401k contributions because of rising healthcare costs. Should I stop contributing to my 401k and invest somewhere else? 9:46 – Question from Annie: Most of my 401k is invested in company stock. Is that bad? 11:00 – How much company stock we typically limit our client to. 11:13 – Question from Beth: My IRA seems like it's bouncing up and down every single day and it's driving me crazy. Does that mean it's time to get out of the market? 11:52 – The question you should be asking yourself if you are seeing a lot of fluctuation

We’ve been hearing from a number of listeners who have sent in questions on a wide range of topics so we decided to dedicate an entire episode to answering as many as we can. From rental properties to fees and commissions to 401k company investing and more, we cover a lot of ground on this episode. Full Show Notes: https://www.baschrock-fg.com/podcast/ep-13-401k-investing-and-ira-volatility-other-listener-questions/  Today's Rundown: 0:43 – Does Ben get into Black Friday?1:45 – Today we spending the entire episode answering listener questions.2:20 – Question from Charlie: It seems counterintuitive to move out of a house I’ve paid off to move into a townhouse rental. But I don’t want to worry about repairs. Is that a good idea?3:17 – This could be an idea that more and more people begin to embrace for multiple reasons.4:00 – Question from Sally: Are fees and commissions the same thing in the financial world or are they different?4:51 – Here’s Ben’s perspective on fees vs commissions.5:54 – Question from Lucy: How often should I be meeting with or talking to my financial advisor. I get a birthday card every year but that’s about it.6:55 – We meet with first-year retirees 6-8 times over that year and here’s why.7:41 – Ben encourages clients to reach out as frequently as they feel necessary.8:06 – Question from Kevin: My company is going to stop matching 401k contributions because of rising healthcare costs. Should I stop contributing to my 401k and invest somewhere else?9:46 – Question from Annie: Most of my 401k is invested in company stock. Is that bad?11:00 – How much company stock we typically limit our client to.11:13 – Question from Beth: My IRA seems like it’s bouncing up and down every single day and it’s driving me crazy. Does that mean it’s time to get out of the market?11:52 – The question you should be asking yourself if you are seeing a lot of fluctuation

While there are some factors that are different for everyone in retirement planning (variables), there are also constants that affect everyone, no matter the specifics of your situation. How do we plan around these constants? Show Notes: 2:13 - Retirement Constants That Affect Everyone 2:34 - Retirement Constant #1: Inflation 4:45 - Retirement Constant #2: Rising Taxes 6:37 - Retirement Constant #3: Market Volatility 9:15 - Retirement Constant #4: Healthcare 11:54 - Mailbag Question from Sally: "Are fees and commissions the same thing?" 13:48 - Mailbag Question from Lucy: "How often should I meet with my advisor?" 15:59 - Getting To Know Charles: What is your favorite movie genre?

How much time should one spend with their landlords? Is The Office’s Michael Scott a modern Lucy? How long is Lucy's rap sheet? We're addressing all these questions and more on this week's We Love Lucy with special guest Kristina Woo.

Today's question from Lucy - How do we stay fresh in the Lord and be on the cutting edge of leadership when we are so bogged down with administrative detail, deadlines, requests, daily duties?  I answer with the 5 Steps to Stay Fresh with God's Plan by interviewing Sheila as she considers how to employ these 5 steps into your daily business/ministry activities. Visit the God Zone Show Facebook page to post your own amazing story. Visit GodZoneShow.com and ask a question to be played and answered on a Q&A episode. Connect with me and join the discussion. Thanks for listening. To leave me message or ask me a question go to      http://godzoneshow.com/speak-pipe/ Connect with me on FACEBOOK. To join this private group go to       https://www.facebook.com/Godzoneshow/  There you can join the discussion, make a comment, or ask a question  Please Rate & Review the show on iTunes.       https://itunes.apple.com/us/podcast/the-god-zone-show/id1105995500

(Lucy) How did a swashbuckling seventeenth-century opera singer become the heroine of a nineteenth-century novel? What does this tell us about the performance and perception of gender in both eras? And did the mysterious Mademoiselle de Maupin really run away with a nun? This week’s episode of Footnoting History looks at all that... and dueling!

Audio File:  Download MP3Transcript: An Interview with Jennifer Pahlka Founder and Executive Director, Code for America Date: January 2, 2012 [intro music] Lucy Sanders: Hello, this is Lucy Sanders, CEO and Co-Founder of NCWIT, the National Center for Woman and Information Technology and with me today, Larry Nelson from w3w3.com. Larry, what's going on with old w3w3.com? Larry Nelson: Oh my goodness. We have so much fun, we interview so many people. We've even been doing it for 12 years now. I must say that this series is extraordinary for us, because what it does for young women, bosses, parents and the like, it's very good. So thank you. Lucy: Well, listeners will know, we ask women who have started tech companies as part of the series, pretty much the same eight questions and the richness of the answers never ceases to amaze me. Larry: Oh yeah. Lucy: I think today we are talking to yet another great entrepreneur in the technology sector, Jennifer Pahlka, who is the Founder and Executive Director of Code for America. Now, this is an awesome effort and I am going to describe it the way that Jennifer did in a recent talk. She says, "It's like a Teach for America or a Peace Corps for Geeks." Larry: Yes. Lucy: I just think that's so cool that people in government and city managers for example, who have projects that they think could benefit from web-based solutions and you can make an appeal to Code for America and get volunteer help to help build these projects out, really in some sense making government more open and giving citizens easier access to data. So, I think we are going to hear more about that. Welcome, Jennifer. We are so happy to have you here. Jennifer Pahlka: Thank you. I am very glad to be here. Lucy: This is not the first thing Jennifer has been. She is also a serial entrepreneur and has some extensive experience in gaming and media. Before we get off on your entrepreneurship discussion, Jennifer, why don't you tell us a little bit about the latest Code for America? Maybe you can tell us what projects like, "Adopt-a-Fire- Hydrant" are like? [laughs] Larry: Yeah. Jennifer: Sure, I'd be happy to. We are a pretty new organization, and we just finished up our very first fellowship year. We had 19 fellows work with us all year along and work with the cities, doing great projects. One of them is Adopt-a-Fire-Hydrant app, which came out of the fact the fellows go visit the cities for Fire Weeks in February and when they were there, our Boston team was treated to a massive Snow Apocalypse and one of the things they saw is that, the city is struggling just to clear the streets. They never really get to digging out the fire hydrant. But that the citizens were right in front of them and they could dig them out. So we created a little web app that allows citizens to claim a fire hydrant and agree to dig it out when it snows and the game dynamics on top of it that make it pretty fun. What's cool about that is that other cities who've seen this and adopted it as well. You wouldn't think that Honolulu has anything to do with Boston in terms of something like snow, but they have a similar problem. They need people to check the batteries in the tsunami sirens on the beach. Lucy: Oh my God. Jennifer: Too expensive for them to send crews around, checking them every week. So let citizens do that. Now it's also become Adopt-a-Siren and in Buenos Aires it's becoming Adopt-a-Park Bench and in other cities they are using it for other assets that are important to them. Lucy: Oh, it's so cool, because people who really care about being a good citizen are plugged in, in ways that they know they can make a difference and be helpful. Larry: Yes. Jennifer: Exactly, yeah. Lucy: Awesome. So, Jennifer, tell us a little bit about how you got into starting a technology company, like what got you into doing that? Jennifer: I wasn't a technical person. My first exposure to technology was actually in the video game industry, which is an incredibly dynamic interesting group to be in, because they are so creative and yet so at the cutting edge of technology. Video games are often breaking grounds in terms of graphics and sound, business models. It was a wonderful introduction not just to technology but community that's so creative and that made me really love technology. But doing conferences both in video game world and in the Web 2.0 world you are constantly talking to some of the smartest, brightest, most passionate people. You see that all of their efforts go towards building products or building services for companies that create a lot of value in our lives. But they don't really go toward building the public institutions that we all pay into and that we all believe should represent us. And so, as a result, without that talent, the public sector is really falling behind. I founded Code for America because I want some of the talent that I have seen over the course of my career in technology, think about building platforms for the public sector as well as the private sector. Start to close that gap between the innovation curve that we're all benefiting from in our personal lives and the way that government works. Lucy: How big do you think that gap is for the public institutions, just out of curiosity? How far behind are they? Jennifer: Well, there's that phrase, the future is already here, it's just unevenly distributed. Lucy: Yes. Jennifer: That's very true in city government. You've got some incredibly innovative projects. You've got a lot of very innovative people doing wonderful stuff. For example, here in San Francisco, they put sensors in the curbs so they know what parking spaces are taken and what aren't and they've got some complex algorithms that change the pricing of parking in real time in order to optimize to have just one space open per block in San Francisco. If you live in San Francisco, you know how important that is. There's never any parking in San Francisco. But if you do that, you reduce the number, you reduce congestion, you reduce people driving around the block, it had some environmental effects. That's an example of people. There's many others like that. They're doing really great cutting edge stuff, but then you've also got tons of departments and, even within the same city, you'll have different departments that are still running their technology on Coball databases, stuff that's extremely outdated. Not with just bad technology or outdated technology that doesn't have modern develop per community around it, but also with just very outdated approaches about how to provide services to citizens that's stuck in an 80s and 90s model. So, it really varies. I don't want to discount how great some of the government technology leaders are these days, but there's a very long tail behind that that we need to catch up. Lucy: Well, and for all you listeners out there with Coball skills. [laughs] Larry: Yes, Lucy, are you talking about yourself? Lucy: Actually, I took Coball in college. [laughs] I'm thinking I could probably make more money doing that than what I'm doing. Jennifer: You've got some cities that are going to their local community colleges asking them to teach Coball now so that they can fill those slots, which I'm not sure is really the way to go, buy hey. [laughs] Lucy: [laughs] Now look, you've got to go after the age people who are thinking about retiring and lure them out you know, for sure. Larry: I'm thinking when they have to and then deter from that a little bit to get to our next question. Lucy: OK. Larry: Jennifer, why are you an entrepreneur and what is it about you that entrepreneurship makes you tick? Jennifer: I don't think I thought of myself as an entrepreneur, really, until I came up with the idea for Code for America. I think what's important about that to young women who are thinking about this is that you don't have to feel like you're branded an entrepreneur from the time you're 18. I came up with this idea when I was 39, and I suddenly felt that I could be incredibly useful to the world if I made this happen. It was really the power of the idea and the notion that no one else was going to do it, that made me start this organization. It certainly took some risk. I'm not a particularly risk adverse person and that's probably one quality that's important. But it was really feeling like this needed to happen and that no one else was going to do it, that made me start Code for America. Lucy: I love that answer. Larry: Yes. Lucy: I think it's great. Along that path when you started Code for America, did you have people influence you, or did you have mentors, or role models, or who shaped your thinking, if anybody? Jennifer: Well, early in my career I worked for a number of very strong, powerful but also so caring and nurturing women at the upper levels as media companies that I worked for. Actually, mostly one media company that went through a number of mergers and acquisitions. The president of our group when I was at the game that all the press conference is a woman named Regina Redly. I think the way that connect with technology, the way that she took care of her people all the way that she made the work environment as important as the work outcome, very much influenced me. Later on, when I was starting the idea of Code for America, I was very much inspired by Tim O'Reilly, the guy who's credit with the Web 2.0 and who's been a big thinker in open source. He continues now to be one of my mentors. I was also very inspired by Gwen Mellor who own the Sunlight Foundation D.C. She is a little bit more on the politics side. But someone who's very clear about the effects she wants to have in the world, very engaging, very kind and supportive person. Sunlight Foundation was initially the physical sponsor for Code for America because she actually very concretely helped Code for America get started and I'm very grateful to her. Larry: Good, wow, with all the things you've done. Lucy: So far. Larry: So far, that's right. I can't help but wonder what is one of the toughest things or the toughest thing that you ever had to do in your career? Jennifer: It's a difficult question. There's a lot of testing with the bum and bust cycles in technology. Certainly, when you have to lay people off, it's very painful because it's easy for them to take it personally. I've seen all this people well, moving on in so I'm less afraid of it than I used to be but it's hard to see people feel demoralized. I would have to say that now the hardest thing with Code for America is with very competitive process. We can only take 25 people a year right now to do our fellowship. We have 550 people apply. So when someone standing up and raising their hand and saying I want a Code for America, I'm going to move across the country work for some soft stipend, work long hours, and do this crazy thing. They're saying they want to do that and we say sorry you're not chosen. That's probably the hardest thing because you want to honor that instinct and that commitment and that generosity saying they are willing to do it. Lucy: Interesting, so as a side question, are you funded through donations then? Jennifer: Primarily, yes, from foundations, from corporations, from individuals. We also charge the cities that get a fellow team for the year a small participation fee so that it is not all on a charitable community. Lucy: It's a great effort. For all you listeners out there with big wallets... [laughter] Jennifer: Please. Lucy: Please yes. Jennifer: In your holiday giving. Lucy: Absolutely, so if you were sitting here with a young person and giving them advice about entrepreneurship, what would you tell them? Jennifer: I think the biggest thing I would share with an entrepreneur about an entrepreneur is to really care. You have to care about what you're doing. You have to deeply care about the problem you are trying to solve and think it's an important problem, and care about the people that you work with. If you don't really care deeply about your work other people won't and you won't be successful. That's the heart I think of this notion that we want to inspire the tech community, men and women to work on stuff that matters. If you really care you are much more likely to be successful. Larry: That's wonderful. Once again, all the things you've done and you did you start out to be an entrepreneur and now you've become one. What are the personal characteristics do you think that are giving you the advantage of being an entrepreneur? Jennifer: A lot of people would talk about risk think that's an important when you do have to be able to take risk. I turned this organization with $10,000 in the bank for the Sunlight Foundation. That was it. When there was a lot more than was needed I quit my job, I didn't have any income for a while, that was important. I think personally for me I would have to say that my focus on a network in a community around what we do is probably in the most important. Somebody once said and I wish I knew who it was, "The time to build your network is before you need it." Lucy: Exactly. Larry: Yeah. Jennifer: I work in the conference industry. So my job was to know a lot of people and to have them care about the work we did and have them invest in the events that we did, in the content, in the ideas that we are promoting. I was lucky, and lucky that was what I was focused on for the first part of my career, because I did build a big network and I valued the people in my network very, very much. I am aware every day of how much the people who support our work and I am not just talking about our donors, though they are very important. I am talking about the people who come in and work, the fellows, the people who share our message on Twitter, whatever little thing people do because they care about our work. We exist because of them and I never want to take our network for granted. I think that's really helped build Code for America. Larry: Great. Lucy: Well, then that's so true about your network. You build networks, not necessarily with the intention that you are going to get something back from them, but because it's the right thing to do, to build those networks and to be in service to others and that's how the system works. I have seen so many people who really don't quite understand that. [laughs] Larry: Yeah. Jennifer: I think that's exactly why you need to build a network because you care about other people not because you want them to do things for you. Lucy: I know it's a little backwards just looking. Jennifer: No, I totally agree. Lucy: You're totally self-absorbed. So your starting Code for America, obviously you care very deeply about it. You are very busy with the getting a non-profit off the ground. I know it's really hard work. What is it that you do or what sort of tips can you pass along for balance between all the hard work and passion for Code for America and then your side life? Jennifer: That's an important topic for welfare for women, in particular, though I don't think should be for women in particular, I think it should be men and women. But it's always a challenge. It's been challenge for me before I started Code for America as well. There is a woman named Charlene Li, who runs Altimeter Group. She quit Forrester Group, but when she did, she blog something along the lines that's there is no such thing as work-life balances, its only disappointing and each party last which is a testament that you can see that that it is very difficult. I think I've seen this most effective for me is I have an eight-year-old daughter and my time with her is incredibly precious. I have her half time. When I am with her, I have the personal will, the power in me to actually turn off the vices, or if I have to respond to something else or tell her what it is and say, I am doing this. I am texting so and so for this reason and then I am going to turn my phone off. Knowing that that person needs me and that when I am paying attention to her, I get so much delight out of that interaction. It helps me create some boundaries between the work and home that I probably wouldn't have it, if I didn't have her. I am so grateful for my daughter in my life. Larry: I can relate to that. I have four daughters. Jennifer: Oh, you are very blessed. Larry: Yes. We certainly are. Jennifer, let me ask this. You've already achieved a great deal and we really appreciate and have a great deal of respect for the track you are on, but what's coming up next for you? Jennifer: It's funny, I don't think of myself as an ambitious person, but I do have some goals for Code for America that I would like us to see work not just in government technology at some point, but I think some of the approaches that we are taking to rebooting government should also be applied in education and that would be interesting for me. I don't know when or if it will happen, but I care a lot about education and I think that we could be putting more money into teachers and less money into administration if we find committees, principals that work, ++who you think was government. So that would be exciting for me, but beyond that I think hopefully what's next for me is more of work-life balance and I think that's really important. Larry: There you go. Lucy: Amen. Larry: Excellent. Lucy: And a great answer. Well, thank you so much for talking to us. Code for America, a great, great organization, growing and hopefully all you citizens, coders out there maybe can get involved. Thanks very much, I want to remind listeners that this interview can be found at w3w3.com and also at ncwit.org. Larry: You bet. Jennifer, thank you so much. Jennifer: Thank you very much for having me. Larry: Yes. [music] Series: Entrepreneurial HeroesInterviewee: Jennifer PahlkaInterview Summary: Code for America’s Founder and Executive Director, Jennifer Pahlka describes her company as “Teach for America or Peace Corps for geeks.” Working in cities across the United States, Code for America is building a network of civic leaders who believe that there is a better way of doing things and want to make a difference using web-based solutions. Release Date: January 2, 2012Interview Subject: Jennifer PahlkaInterviewer(s): Lucy Sanders, Larry NelsonDuration: 17:31

Audio File:  Download MP3Transcript: Interview with Clara Shih                     [intro music]   Lucy Sanders:     Hi, this is Lucy Sanders. I'm the CEO of the National Center for Women and Information Technology, or NCWIT. Over the last few years, we've been interviewing women who have started technology companies and have just had the greatest time talking to them about the fabulous things they're doing, getting all kinds of wonderful advice for entrepreneurs. With me is Larry Nelson, w3w3.com. Hi, Larry.   Larry Nelson: I'm happy to be here. This is a great series. We know it's had a great impact on a number of young women. Bosses, parents and the like.   Lucy: Wow. We've got a great interview today. It's a really fascinating interview with a woman who's not only started a technology company, but also is a best-selling author. Clara Shih, who is the founder and CEO of Hearsay Social. Her book, "The Facebook Era." We all know we're living in the Facebook era. In fact, my mother-in-law follows all the status of the family, all the time, on her grandkids' Facebook accounts. Hearsay Social is in this really interesting space in social media. I know Clara will set us straight when we're talking to her, but here is my sense of what it was. When I was working in corporate, we would have customer relationship management systems, where individual sales people, marketing people, could keep track of customers. The system itself, the platform itself, would actually do a lot of the heavy lifting of that in sort of a systematized way, so that the company's brand was well represented by those sales people andmarketing people. In this age of social networking, we have a lot of big franchise kinds of businesses that are busy developing local relationships through social media with individuals. Yet at the same time, doing it in an ad hoc way is not really particularly always supportive of that company's brand. So Hearsay Social is a company that is really trying to take that on by building a platform. So Clara, I hope I didn't get that too wrong, but we're really happy to have you here. Why don't you give us a sense of what's going on at Hearsay Social today?   Clara Shih: Thank you so much for having me. Hearsay Social is the fastest-growing social media start-up right now. We're based in Silicon Valley. We just opened an office in New York. We have 60 employees and growing every day. We were cash-flow positive last year. We've recently raised $21 million in venture capital from Sequoia and New Enterprise Associates. Things have never been better for us. We're thrilled to be part of helping to lead the social media revolution that's sweeping business.   Lucy: Give us an example. What would a Starbucks or a company like Starbucks do with a platform like Hearsay Social?   Clara: We focus at Hearsay Social on corporate-to-local companies that are brands that have a corporate presence combined with location. Whether it's State Farm, or 24-Hour Fitness, or McDonald's, you've got all these local employees and agents out there representing your brand. Increasingly, in a highly-decentralized that we're seeing from Facebook and Twitter and LinkedIn and Foursquare and now Google Plus, we're seeing the local representatives and employees actually create their own pages, either to interact directly with customers, or because customers are checking in to specific locations using their iPhone or Android location-enabled device to kind of manage all of these local profiles and activity that are going on. Hearsay Social is all about, first, helping the chief marketing officer get a handle on who all in their organization is even engaging in these customer conversations at the local level, and then from there being able to push out corporate-approved marketing campaigns, viral videos, other content that goes out to each of these locations. Then the locations can tailor these materials for their audience, and retain a unique and authentic voice. Then finally, being able to measure all of that, and slice and dice by region or store or employee.   Lucy: I think that's just fascinating.   Larry: Yeah.   Lucy: Very much needed. It sounds like it's a really heavy, heavy technology platform. It kind of gets us to our first question about you and technology. How did you first get into technology? Then looking across the landscape, what technologies do you think will really be important in the future?   Clara: I've always been interested in math and science. I think growing up, having a father who was an engineer, I was always very curious about how the world worked. I was fascinated by how technology makes life better. I think that was how I initially got into this space. Going to Stanford, studying computer science there, being exposed to Silicon Valley and the tremendous innovation that takes place here, was incredibly inspiring for me.   Lucy: Obviously, social media is an important technology, both now and in the future. Do you see anything else that you think is really going to change the landscape?   Clara: If you look at technology, about once a decade you have a disruptive technology innovation that changes how we live and work. In the '70s, this was mainframe computing. In the '80s, it was the PC, the idea that every person could have their own machine, and today we have several machines per person. In the '90s, in the last decade, it was very much about the Internet. Social media is the key disruptor for this current era, that I call the Facebook era. I think along with social comes a couple of other trends. One is the real-time nature of communication. Two is that increasingly, people are mobile. It's not just about accessing the Internet from your PC, but actually concurrently with your iPad, your iPhone, a host of mobile devices.   Larry: I tell you what, Clara, I know there's many entrepreneurs that would like to be cash-flow positive their first year.   Lucy: [laughs] No kidding!   Larry: Besides that, why are you an entrepreneur? Then, what is it about the entrepreneurship thing that makes you tick?   Clara: Good question. I never really thought of myself as an entrepreneur per se, but I've always been very action-oriented. The world is changing so quickly. I think it's in large part to consumer technologies like Facebook and Twitter and LinkedIn. The opportunity that I saw for Hearsay Social was, "OK. Facebook has fundamentally transformed how people interact with each other. How can businesses keep up?" I started imagining what the world could look like for companies. That became the foundation for becoming an entrepreneur.   Larry: Mm-hm. Wow.   Lucy: I even think writing a book is entrepreneurial. That's hard work, and a very original work. Along your career path, you mentioned your parents as influencers. Who else influenced you in terms of being a mentor, or giving you advice, or...? Who are your role models?   Clara: I would say that I've had the fortune of having many role models and mentors. I couldn't have arrived to this point without them. I'll just name a few. Mark Bennioff at Sales Force, the ultimate technology entrepreneur, who not only created a new company, but an entirely new way of delivering software through the cloud. More recently, I tremendously admire Sheryl Sandberg, who is the chief operating officer at Facebook, not only for what she's done there, but for how she's balanced that with her family, and with being a very outspoken advocate for women in the workplace.   Lucy: She's given several tremendous talks over the last few months. She's really stepping out in support of exactly what you're talking about. It's very heartening to see that.   Larry: Yeah. Clara, being an entrepreneur, there's the ups and downs and challenges and everything else. What is the toughest thing that you've had to do in your career?   Clara: That's a good question. I would say the toughest thing I've had to do was decide to leave a perfectly fine career path to start something new and start from scratch, and accept all the uncertainty that comes with being an entrepreneur. In the early days, there was no $21 million dollars and 60 employees and all of these. Just a blank slate. My co-founder Steven and I, sitting in my apartment. We didn't even know what the company would do or what the name would be. And that's really scary.   Lucy: How did you make that decision? Share about your thought processes there.   Clara: I think the decision to start a company happened pretty organically. I studied computer science and econ at Stanford, and then spent some time at Oxford, and then really grew up in the Silicon Valley companies. I worked at Microsoft, I worked at Google, I worked at Salesforce.com. I just happened to have been tinkering with the new Facebook APIs when they came out in early 2007, and developed what became the first business application on Facebook. Word got out, just because of the viral nature of Facebook. My friends added the application, their friends added it. Pretty soon, it made its way to the desk of a very influential analyst at Forrester, who blogged about it, and credited me with kick-starting the social business application movement. Before I knew it, I had offers to write a book, to keynote major technology conferences. Given the experience of researching and writing "The Facebook Era," where I realized that there was huge unmet need in the market, not only for knowledge and education in social media, but actual technologies to automate and bring governance best practices and effectiveness to these technologies.   Lucy: I just love this story.   Larry: Yeah, I do too.   Lucy: I mean, I just love this story, and I think it shows yet again in your life, you look backwards and you can the dots, but looking forward, it's like, "I don't know how people have career plans." You don't even know.   Clara: I couldn't agree more. I wish I could say that I had this master plan when I developed Faceforce, but really it just happened serendipitously, and I was opportunistic when opportunities came my way.   Lucy: That's an incredibly important piece of advice, which gets me to the next question, around giving young people advice about entrepreneurship. Or heck, even not so young people. If you were giving a young person advice about entrepreneurship, what would you tell them? I think I'll start. Be opportunistic, right? Be mindful that there are opportunities in front of you, and take them. But what else would you say?   Clara: I would say, expose yourself to as many new ideas and opportunities as soon as possible, because we don't know what we don't know. Sometimes, it takes a while to find what we're passionate about, but we can accelerate that process by learning new things and exposing ourselves to as many new things as possible.   Lucy: Yep.   Larry: Excellent advice.   Lucy: One of my favorite phrases now is, "Who knew?" [laughter]   Lucy: Who knew?   Clara: For me, when I was in college, it just so happened that I had to put myself through Stanford. There wasn't an option for me exceptto work both during the school year, as well as during the summer. In retrospect, that worked out really nicely, because I got an exposure to a variety of different industries and companies, and had plenty of work experience by the time I graduated.   Larry: That's great. You didn't plan on being an entrepreneur. You worked with a number of the big technology companies. What are the personal characteristics do you think that you have that give the advantage of being an entrepreneur?   Clara: I think one characteristic is that I don't take no for an answer. When you're starting out, a lot of people will tell you no, or they'll cast doubt. I remember my mom was pretty upset when she heard I quit my job at a secure company. It takes a lot of courage, and it just takes extreme confidence in yourself, and optimism that things will work out in the end. I think that that's certainly the most important one. The other characteristic of most entrepreneurs that I've met, and I hope it's true of me, is that we see the world in a different way. I remember working at bigger companies like Google and Salesforce.com that this rubbed people the wrong way a lot. My advice would be, stick to your guns, and if you believe, sometimes the best thing to do is to leave the company and start your own. And that's exactly what I did.   Lucy: I think that courage to leave a secure job... My son is starting his own company, and as a parent, I have to remind myself of that all the time, that it takes a lot of courage and confidence for him.   Larry: But Lucy, you left a job too. [crosstalk]   Clara: It might take more courage by the parents than by the individual. [laughter]   Lucy: Yeah, maybe that's the case. You mentioned Cheryl Sandberg and her speaking out about work-life issues. Do you have anything to add in terms of what you do, or any words of wisdom in that area?   Clara: I would just echo what Cheryl always says, which is, "The most important career decision you make is the partner you choose." I'm recently married. I got married two months ago.   Lucy: Congratulations.   Clara: Thank you. But there's no way I could do what I do without the love and support of my husband Dan. He's incredible. He inspires me, he teaches me, and he gives me balance in my life. He reminds me when I'm working too much.   Lucy: Can you call me too? [laughter]   Lucy: You're working too much.   Larry: [laughs] That is excellent. My wife and I, we've been married for 40 years. I was nine years old when we got married. [laughs] Well, I was close to it. We've worked together all this time, and it's just absolutely fabulous. I just love it. All right. Now you've already achieved a great deal. Not only the best-selling book and a company profitable in your first year, and all the other things that are happening. What do you think is next for you?   Clara: I guess just continuing to be open to the unknown, and to be opportunistic. I don't know what opportunities will come my way, personally, professionally, or for Hearsay Social as a company. I want to make sure that I myself, as well as my organization, we're always open to taking risks, and to continually challenge ourselves and grow.   Lucy: I just think that's so well said.   Larry: Yes, excellent.   Lucy: I think being open to the unknown is so important. As organizations grow, I think a certain amount of rigidity sets in. Being mindful of that may cause it not to happen. Clara, thank you so much for talking to us. I know our listeners will really enjoy this interview. I want to remind people that it's online at w3w3.com, and also ncwit.org. Thank you so much.   Clara: You're very welcome. Thank you for having me   Larry: Clara, this was really terrific information.   Lucy: Yeah, it's wonderful. Just wonderful. We really appreciate it. These interviews are really capturing the attention of women in technology. [music] Series: Entrepreneurial HeroesInterviewee: Clara ShihInterview Summary: Clara Shih, founder and CEO of Hearsay Social and author of The Facebook Era, gives the following advice to young entrepreneurs: “Expose yourself to as many new ideas and opportunities as soon as possible. We don’t know what we don’t know, and sometimes it takes a while to find what we’re passionate about. But we can accelerate that process by learning new things and exposing ourselves to as many new things as possible.” Release Date: December 1, 2011Interview Subject: Clara ShihInterviewer(s): Lucy Sanders, Larry NelsonDuration: 15:55

Audio File:  Download MP3Transcript: An Interview with Stephanie Boyle Founder, Rogue Paper, Inc. Date: August 29, 2011 [music] Lucy Sanders: Hi, this is Lucy Sanders. I'm the CEO of NCWIT, the National Center for Women in Information Technology. We're working hard to make sure that more girls and women are introduced to the exciting potential of computing education and career paths. Part of what we're doing is this exciting interview series with women who have started IT companies. They're fabulous entrepreneurs. They all have such interesting stories to tell. today we're going to interview another one, Stephanie Boyle. With me is Larry Nelson from W3W3.com. Hi, Larry. Larry Nelson: Oh, it's really a pleasure to be here. We like to focus, of course, on business and high technology with a special emphasis on young girls and women in technology. NCWIT has been doing a marvelous job. We're happy to be a part of it. Lucy: Well, and thank you very much for all the support that you give us with this excellent interview series. Now let me say a few words about Stephanie Boyle, the person we're talking to today. She's nothing less than a pioneer in the mobile Internet space as far as I'm concerned, having first helped shape the area as a founding member of Ericsson's Digital Media Innovation Center. Big brain thinking going on in this center, and it really helped to shape the whole mobile area. Now she is the founder of Rogue Paper, and she and her team deliver integrated mobile experiences to users. Now in the old days we used to call this convergence, but there's really a whole lot more exciting language and capability around the space today. I'm sure that Stephanie will be talking about that. But some of the things you can do now with the things that they're working on with Rogue Paper around co‑viewing a TV show and interacting with social media at the same time and integrating all of that. You're thinking, "That's really cool real‑time experience." But wait. There's more. You can actually do it with a rerun, where you can experience the whole power of what people said about the show or whatever movie and do it even when you are replaying or rerunning it. Just really interesting types of interactions going on right now and certainly leading to more engaging experience for viewers. Stephanie, wow! You've got a great company. Tell us a little bit about what's going on here. Stephanie Boyle: Thank you. Rogue Paper, we really started the business a year and a half ago with the mission of using mobile applications and technology to help enhance and drive traditional medium broadcast. Basically we are self‑proclaimed "TV‑holics"... Lucy: [laughs] Stephanie: ...and recognized [laughs] that we really wanted to not only watch television but really interact with the social sphere while we're watching these shows, that the content goes beyond just the primary screen. Really there is a second screen opportunity that can be interactive and augment the primary screen. There's a lot of really bad television being watched, but then [laughs] along with a lot of our guilty pleasures, which makes our jobs definitely a little bit more fun. But we really focused on how can we make the primary screen of television an interactive experience for users on the second screen, whether the second screen is a mobile device, a tablet, a desktop experience, or other things? We're trying to provide the users with second screen interactive content but then also provide media companies a way to reach these people already multitasking, who are already texting with their friends or IM‑ing or posting to Facebook or tweeting about what they're watching. It's really trying to bring the experience together as one single destination for a viewer and for the media companies to really have a holistic double‑screen experience. Lucy: That's really phenomenal. OK, I have a lot of guilty pleasures with TV, too. [laughs] One of them is American Idol, right? Stephanie: Right. [laughs] Lucy: When people are performing, and then people are tweeting or they've got things to say later in the blogs, and it's just not as much fun as if you could see it right then. Stephanie: Yeah. Well, and if you think about it, television has always been a social experience. It started in the 1950s. Maybe one or two people on a block had a television. It was really event driven. The people would come and sit together, and watch whatever was on the television and really talk about it together. Then as the technology innovations and as even socio‑economic things happened, we had VCRs and all of these second screens in the home, second televisions in the home, if you go into the seventies and eighties. Then the conversations started moving around the water cooler, so it was where people aggregated. It could be eight hours, 10 hours, 24 hours after the show aired. In the last two decades this has really moved into a digital landscape. I would say in the last five years or so it's really become back to real time because people aren't sitting together anymore. They're actually on their sofas or tweeting or talking, texting, or instant messaging. All these different mediums, but it's all really because, as a medium, it is social. Lucy: Yes, it certainly is. I remember the first time I saw a color TV in my neighborhood. It was Halloween. Larry: Oh! Lucy: I know. Stephanie: [laughs] Lucy: I was trick or treating. Anyway, back to you, Stephanie. Why don't you tell our listeners a little bit about how you first got into technology? Stephanie: Yeah. I was always interested in systems and the way things interconnect. I was of a generation that there was one computer in our elementary school to having them in high school and later. But wasn't necessarily as intrigued with the computers themselves as I was with the Ataris, the ColecoVisions, [laughs] the computer systems that we had at home that really could help me build games or play games. But always interested in how the systems worked and how people interacted with them. Actually, my mother was the first person to show me a computer in a way where she took it apart and had me put it back together. Lucy: Oh, that is awesome. Stephanie: Yeah. [laughs] While I'm not a digital native, I was exposed to technology as something that could be deconstructed to learn about and then put it back together. It definitely eliminated fear for me. It's always something that I felt was accessible, interesting, and intriguing. As time went on, I'm self‑taught in a lot of ways because of that because if I don't know how to program in HTML5, I'll have somebody [laughs] do it for me. Then I'll take it apart and try and change it and put it back together. But definitely I look to my mother as the person who eliminated that "technology is this strange and new" thing and made it instead something that was tangible and interesting. Larry: I wish I had known you a number of years ago when we needed something put back together. [laughter] Stephanie: Right. I remember being intrigued by this whole concept of my mother showing me the mother board in the computer. [laughter] Lucy: That's great. Stephanie: [laughs] I didn't really believe her that that was what it was called. Larry: Being the father of five I thought it should have been called a father board. But anyhow... Stephanie: [laughs] Larry: You've been through a great deal. You're really building an interesting company. What is it about entrepreneurship that makes you tick, and why did you become an entrepreneur? Stephanie: Well, it's really interesting. I think the most exciting part of being an entrepreneur is the infinite blank canvas. Even when you have a product, an idea, a customer, anything, the next steps are never really clearly defined. Persistent problem‑solving and adjusting can be exhausting, but overall for me it's invigorating. It's how do we get to the next step? How do we keep moving forward? What ways do we need to be nimble and still meet our business objectives, our product objectives, our client objectives, the user objectives? It almost feels like the future is so undefined, and in that way I feel like it's really exciting. I often liken it to building a bridge while you're walking over it, which, of course, scares our business people to death. You should build a bridge on a [laughs] stable foundation. But what I mean by that is being an entrepreneur often allows you to be nimble enough to defy gratify and space as necessary. You're moving forward, but the future is undefined and you are still defining it. Lucy: Well, you're inventing it. I mean entrepreneurs are great inventors, right? Stephanie: Yeah, definitely. It's so exciting. Right now we share an office with actually four other startups. The collective energy is so interesting, just watching teams work together and just the steam coming off [laughs] the teams. It's exciting, and some of the things they talk about doing I think are impossible. I'm amazed at how those can be executed. Lucy: Well, now Stephanie, you mentioned your mother as having influenced you, really built your confidence, took the fear out of approaching technology and understanding it. Who else has influenced or supported you on your entrepreneurial career path? Stephanie: There are so many. I wish I had time to name them all. I can tell you the very first person who helped me grow as an employee or an executive or as a contributor to a team was by boss at Ericsson. Her name was Donna Campbell. She's a founder of Ericsson Cyberlab that was Ericsson's Digital Innovation Center. Donna had a very good and healthy way of looking at growth. We have a job that we have to do to make the trains run on time every day, but beyond that take time to learn more about this exciting new area that was mobile Internet or this new thing that has been so undefined because Telco previous to that the only content that existed was voice conversation, that people were talking to each other. It was just a voice channel. Then we were really looking at this next generation, which included data applications, content, anything. While we had all of our jobs to, what we would say, make the trains run on time, whatever that job was, she really challenged us to always think about learning about this new space and helping to define it. I sometimes even just with our team or our employees, I think I hear her voice in my head encouraging them to be as creative and also forward‑thinking and less constrained, that all ideas are really good ideas. Larry: I'm curious. With all the things you've done so far, not only with Ericsson but now with this newer type startup, what's the toughest thing that you've had to do in your career? Stephanie: [laughs] To be perfectly honest, it's probably less about my career itself and more about my personality. But I really believe that the toughest thing was really to learn to listen. That is in a big organization. That's with your own staff, employees, and partners, with your customers, with anything. I mean it's very easy to believe that you know what is the right way and to feel confident in your decisions and to try and push those things forward if you have a little bit of a bulldog personality, which I have. Still, I think the hardest thing for me to do is to really take a step back and realize that not only are all opinions really interesting and can spark new ideas for a collective group, but that you have to pay attention to what people are saying, and really listen. While that shouldn't be a tough thing in a career path, I think it adds growth as a human being, and applying that to my career. It's something I also believe that Donna really taught me, was that while maybe in the end your way is the right way, there are five, ten other people who can contribute and make it a better thing. Larry: Stephanie, we love your candor. Lucy: I have to say that this is such an important point. I can remember when I worked at Bell Labs that we took some amount of our imagination from "Rolling Stone Magazine." Who would figure? Stephanie: Right. Very cool. Lucy: Yeah. Around what we were doing with multimedia communication interfaces, and it came through this person who was sitting on the beach one day reading "Rolling Stone" on vacation. He brought the idea back to us at the Labs, and we at first didn't listen to him. Then we read the article. [laughter] Stephanie: It's interesting when you're really thinking about working through multimedia and technology, it's very easy as technologists to come from, "Well, this is the way it should work." It's really hard to think about, these are the other people on the value team, the people who create music. When you're thinking about all pieces of the value chain, it's really easy to focus on the technology. It's hard sometimes to remember that not only are, maybe, music companies involved, or people who listen, or all the other pieces along the way, to really bring them together. It's sometimes hard to get out of the tasks that we're doing today and think about the holistic view of the ecosystem. Lucy: I'll tell one other quick little story. At Bell Labs, in my organization, we finally realized that the Internet was real when a woman appeared on "The Donahue Show." Remember "The Donahue Show?" Stephanie: Yes. Lucy: OK. The sensation, of course, much more plain than it is today on some of those shows, but the sensation was that she was getting divorced because she had been talking with some other man on the Internet. They did a whole show. [laughter] Lucy: Stephanie, if you were sitting here with a young person and giving them advice about entrepreneurship, what advice would you give them? Stephanie: I actually think that the best advice I could give to anybody would be to take time to learn, to go and do internships, to find the salty dog in the organization who isn't always the oldest person in the organization, or the person who might be a little contrarian. Find those people and really learn about how you can work with them and how you can support them in all of their issues. I think internship is so important. I think coming to an organization with ideas is amazing. I think learning to collaborate and gain consensus amongst a huge number of people who are key influencers within the organizations are really, really good ways to learn how to contribute. I think becoming an intern in a larger organization, or even a smaller organization, and then making sure you touch all points of that organization, gives you a view of how an entrepreneur has to live. Some days I write business cases. Some days I do contracts. Some days I deal with end users. Some days I deal with angry clients on our side. Some days I'm troubleshooting why the applications have bugs in them. Really taking time to learn all of the aspects, all of the people in an organization, helps later to learn what it's like to be this utility person, which is all entrepreneurs. Some days you're accounting and some days you're dev, and all places in between. I think the best exposure is either (A) working in a big company where you intern, or working side by side with other entrepreneurs who pick up the six different hats a day, or even in an hour. Larry: I know a coming out of Ericsson and all, and that was great experience, but what is it about you personally that gives you the advantage of being an entrepreneur? Stephanie: I think I mentioned this a little bit earlier, but I am a little bit of a bulldog. I think when people say that people are like their dogs, I have a very, very, very adorable and stubborn French bulldog named Weesie. I think we share some characteristics, in that when we I want to do something, or think that it's something that is good for the company, or for end users, or for the organization, I can't let it go until we get there. Whether we have to take five different routes to get to the same place, I really think that having a vision and sticking to it, but not sticking to how you get there, is really important in being an entrepreneur. To be flexible and learn how you can do it differently, or any of those things is really important, but just owning what you want to do and, hopefully, the outcome is really important. I think as a characteristic, and while I don't necessarily want to be considered a puppy with a sock. I am sometimes gnawing on that sock until we really can get to the vision. We're flexible enough to think that the vision can change over time and evolve. Definitely, especially within Rogue Paper, because this is a business we wanted to build, to make TV exciting for viewers, but then also just to help media companies to engage with their users and also to drive their core business, which is broadcast advertising. Really thinking about how to keep bringing eyeballs back for them. We'd done a few things to get it to change as time goes on. But I think definitely we always stick to this vision that we really think mobile can help drive traditional media. Lucy: I think it's great advice to think about sticking to your vision and being flexible with the way you get there. That's a powerful piece of advice. Changing gears just a bit, you're very busy, obviously. You're working hard on your company. I'm sure you have a wonderful set of friends and family around you as well. Larry: And a bulldog. Lucy: And a bulldog. [laughter] Lucy: How do you bring balance into your personal and professional life? Stephanie: It is very difficult. It's one of the bigger challenges, I would say, that most entrepreneurs have. I think the most successful are those to whom work is play, to some degree. If you love what you do and it bleeds into your personal life, it's not necessarily a hassle to do that. It's still that you're so excited about what you're doing and you're consistently thinking about it. In that way, there is not a huge difference in work life in terms of happiness. It's exciting to work at work, it's exciting to think about it afterwards. But it's interesting. Every company has growth phases. There's an innovation phase. You go through these big bursts of time when the focus gets really hard. I have an agreement with people in my personal life that in those two or three months, or in this growth phase, that I might be checked out a little bit. Then after that period goes, or after we solve a big problem, then I'm back at the dinner table and being an active participant in life. I would say it's not a burden on me, but it can be lonely for the other people in your life. Fortunately, the bulldog doesn't really notice as long as you throw the ball. [laughter] Stephanie: But it is a challenge. It's something that I watch people do around me. My business partner and co‑founder, she works nine hours a day full time, really hard during those times. Then she's able to really turn it off afterwards. It's something that impresses me and I admire, but at the same time, my brain is going at all times. I don't necessarily turn it off as well, or go as intensely during the day, but it is definitely one of the bigger challenges. But I would say in partnership, we just have to have agreements that this is a head sound period and I'll be back in two weeks, and a better participant. Lucy: I think that's an important point, that you can in fact give the people who are around you a heads up that this is going on and that you will be back. Stephanie: Right. I think it's definitely something that I learned through relationships and friendships, that what was scary was just going away, even though I knew I'd be back. Lucy: Right. Exactly. Just that simple communication seems like a pretty good tool for one's tool chest. Stephanie: It's not acceptable to miss birthdays and big events, but for the daily check‑ins, or the high‑intensity communication, I just kind of wave my hand and say, "OK, I'll get back to you in a couple of weeks. We're really powering through something." Larry: Stephanie, you might want to check with your mother before you answer this next question. [laughter] Larry: That is, you've already been through and done a great deal. What's next for you? Stephanie: Rogue Paper is actually my third business. The first one is really focused on technology. I actually taught Pilates and had Pilates studios. My life has changed in these big ways. Going back to what we were talking about earlier, that was a system. Pilates is a system, the human body is a system. I was always intrigued by that. This technology, co‑viewing and television, it's applying the same framework to a different type of thing. I would say I'm so excited about Rogue Paper. We're still just about a year and a half old. I feel like we're just really at the precipice of some really interesting things that we can do for media companies and for users. I think mobile penetration is really getting bigger. It's hard for me to think about too much of the future. Maybe I'm a little too comfortable with ambiguity, but I feel like there's so much I want to do now that is at the intersection of mobile media and entertainment. We're really excited about growing. I'm sure my mother would say, "children." Larry: [laughs] Very good. [laughter] Stephanie: "Grandchildren." Lucy: [laughs] Thank you so much for talking to us. You have such a great company, very interesting work. We wish you the very best for the future. We'll be watching, both from a business perspective, and probably we'll be using your technology as well. Stephanie: That is so exciting. Lucy: Yeah. Really. Thanks very much, Stephanie. I want to remind listeners that they can hear this interview at w3w3.com, and ncwit.org, as well as all the other interviews that we've done. Larry: You betcha. Thank you very much, Stephanie. Stephanie: Thank you. Have a great day. Lucy: Thank you, Stephanie. [music] Series: Entrepreneurial HeroesInterviewee: Stephanie BoyleInterview Summary: As a self-proclaimed “TV-holic,” Stephanie Boyle founded Rogue Paper, Inc. to use mobile applications and technology to help enhance traditional media broadcasts and create an engaging double screen experience for viewers. Release Date: August 29, 2011Interview Subject: Stephanie BoyleInterviewer(s): Lucy Sanders, Larry NelsonDuration: 22:06

Audio File:  Download MP3Transcript: An Interview with Lisa Rau Co-founder and Chief Executive Officer, Confluence Date: April 27, 2009 Lisa Rau: Confluence Lucy Sanders: Hi, this is Lucy Sanders, the CEO for the National Center for Women in Information Technology, or NCWIT. Today we're interviewing Lisa Rau, the CEO of Confluence Corp., as part of our NCWIT series "The Entrepreneurial Toolbox," and Lisa's going to talk to us today about everything you want to know about working with non-profits. We thought it would be especially interesting for this series to take advantage of Lisa's extensive experience working with non-profits and how they use technology and how it applies to social entrepreneurship. So, welcome, Lisa! Lisa Rau: Thank you! I'm glad to be here. Lucy: And with me today is Larry Nelson from w3w3.com. Hi, Larry. Larry Nelson: Hello, I'm happy to be here. This is going to be an exciting interview for us because while our Internet radio show is strictly business, we do integrate various things where we help support non-profits and do interviews and provide links and so on, and so I can't wait to talk to Lisa. Lucy: Well, Lisa is a real role model in computer science. She has a Ph.D. in computer science and undergraduate degrees in EE and also has been in the IT industry for over 20 years. And she has extensive experience, as I mentioned, working with non-profits and I recently had the experience to chat with Lisa about this. So, very excited to talk to you about the non-profit space! Lisa: Great! Lucy: So, Lisa, tell us a bit about Confluence. What do you do? Lisa: Well, our mission is to provide information technology support and focus, of course, on the non-profit sector, and that's a wide variety of different kinds of things that's really based on what the non-profits have been asking us to do. Lucy: How did you come to focus on non-profits? What led you into that type of business? Lisa: Well, that's a good question. Many years ago, I had met a friend and a colleague who told me about his work providing technical support to non-profits and he was describing the wonderful people and the organizations and their mission that he interacted with and how rewarding he found the work was, and so when I next found myself in between jobs, a bunch of things all came together and that's where we came up with the name "Confluence." It was a "no time like the present" kind of thing and wanting to work for myself as an entrepreneur after 15, 20 years of working for someone else, wanting to create something of value, and then I had one of my close friends and colleagues, Jeff Sullivan, agree to come on board with me. We just jumped in. Larry: That's interesting. You've got to be certainly following your heart with a bunch of passion at that same time. Lisa: Absolutely. Well, of course we did our due diligence to make sure that there was a sound business model and that there really was a need for what we were thinking of offering, but since we couldn't be the do-gooders, we thought the next best thing was to help the do-gooders do better. Larry: Well, you know, they say there's quite a movement, almost a groundswell, of people really wanting to give back to the community. Of course, they've got to make a living and everything. So, for our listeners out there, could you explain the difference between working for a non-profit versus a for-profit? Lisa: Well, it ended up being different than I expected it would be coming from the for-profit world as I did. Of course, the non-profits are really focussed on their mission, and my experience has been that they tend to be less able or interested in investing in technology. I've been doing this for over eight years now. Most non-profits are really small, also. I think 90% are under a million dollars in revenue, so the majority of these organizations are just very small, so their use of technology is more limited and they also tend to have less in-house expertise. And they don't have, for example, a CTO, so they're going to turn to other outside organizations like ours for strategic support. And tech support providers in the for-profit world, there's a role for a CTO, but we as providers to non-profits have to be more versatile and strategic to provide a wide range of advice to them. Lucy: I have a follow up question to that. I also now run into more people now who are doing what I would consider non-profit work in a for-profit business model. So, do you see much of that, Lisa, sort of like "doing well by doing good for others." Do you see that type of business model very often? Lisa: Well, there's two types of business models that I've seen, and one is the classic, more social entrepreneurship where the idea is to use the profits for social benefit, or to leverage profits made in a for-profit business for philanthropy as in the Google Foundation and the Gates Foundation and so on. But I see a real role for traditional for-profit firms to support the non-profit sector. It's a very hard business because they don't have a lot of money and they are so small, but it does allow you to both come up with a sustainable business model, because that is a requirement for for-profit businesses, which I think is a better way to address the technology needs than having non-profit technology providers that may not have to provide a sustainable service. Lucy: Listeners to our podcast series will remember that we interviewed two non-profits, Witness and Kiva and their founders, and were really excited about their use of technology in a non-profit delivery. In Witness's case, it's the use of video to expose social atrocities around the world, and Kiva is microfinance. So, Lisa, where do you see the most innovative use of IT in the non-profit space? Lisa: Well, I think those are both really good examples of innovative use of technology, but from a bang-for-the-buck perspective, I think that what those systems really do is just get into more of the cultural mainstream and raise awareness for social causes and the potential for technology to assist with social causes, rather than the bottom line amount of money, for example, that's going to go through Kiva, or the real change that's going to happen just one by one. So, I think that the opportunity for social change is much more to create an environment as part of our culture that non-profits and social-oriented ventures are worth supporting and whether it's Green or whatever your passion may be. We have seen some other innovative uses, the Kiva and Witness that you cite are certainly very well-known ones. We've done a bunch of really fun things, like one of my favorites is for the People for the Ethical Treatment of Animals. We created a little application where you send a nugget through on a Google Maps kind of integration across 50 states and whoever gets their little chicken nugget across the 50 states wins, which was kind of a fun use of technology. Lucy: Cute. That's cool. Larry: Right. Have you ever done anything with Ashoka? Lisa: I have interacted with Ashoka. I haven't worked for them. Our company hasn't worked for them. I know a number of people who work there, actually one of my clients is from Samaritan Inns went over there to work for them. They're wonderful leaders. Larry: Yeah. All right, now what are some of the challenges, Lisa, that non-profits should be looking out for as it relates to IT? Lisa: Well, the main one is that a lot of people offer non-profits free or a low-cost donations. Sometimes the organizations think that because it's free they should try to use the technology, and it's very much a buyer beware. The other challenge is just that they don't really have as much internal expert advise, the smaller organizations, in selecting the right technical approach or managing technical projects. So, because these are often outside the organization's expertise they can be risky. We see a lot of overpaying, simply due to a lack of technical expertise or a lack of real experienced managing technology projects. So, I think a little bit of real expertise can go a very long way, and would be a good investment for organizations trying to think strategically. Lucy: So, the biggest mistake a non-profit can make in IT is? Lisa: Well, I think probably not spending enough, being "penny wise and pound foolish," I'd think, the most common mistake. I don't know if that counts as biggest. The biggest in terms of dollars is probably choosing the wrong software system. Lucy: Probably worse is having some money and spending it poorly. Lisa: Exactly. That's a lot of that "penny wise and pound foolish" mentality. I also think not understanding the strategic importance of technology, and how with the right investments you can save money for your mission just fearing technology and not trying. Lucy: Absolutely, the case. Well, now you've worked with lots of non-profits, and now I want you to put yourself in the seat of somebody starting a non-profit. What would you do first? Lisa: Well, the first thing I'd do would be really look around to see who was doing what else. I've noticed independent of our technology focus that there's just a lot of duplication out there. A lot of people startup non-profits because they want to do something that they love, and they don't really care if someone else is already doing that. So, it's a fairly inefficient delivery system. So, I would want to make sure that my non-profit was addressing a real gap in service and dealing with real needs. I would also want to outreach to other partners, and really try to work collaboratively with the other members of the environment. Larry: Boy! Lisa, this has been a great interview, and it's really a pleasure. Since you're the expert, what is the question or so that we haven't asked that we should have asked? Lisa: Well, certainly starting a business is very, very scary. I think it was the best decision I ever made. I certainly have never regretted choosing to do something with the potential for meaning. It's been extremely gratifying from that perspective, but very scary. Even though the non-profits are a very difficult business to work for, because again they are small, it's incredibly rewarding to see what they're doing, and being a part of the wonderful works that they're doing. Lucy: So tell us, in closing, where is Confluence heading? What's the future for you? Lisa: Well, we're still growing, which is good news in this economic downturn. We're always looking for good people. We've been forming a lot more partnerships this year with other for-profit companies to provide complimentary services. The main thing from a technology end that we've been doing recently is we've been implementing a bunch of new Websites, a lot of focus on the social networking, what's the so-called web 2.0 technology? That's been a big part of what we've been doing recently. Of course, just as any business grows, we've been changing and we're looking at internal reorganization. It doesn't sound too sexy, but that's the reality of businesses as they grow. They have to change. Lucy: So, say a bit about the social networking and how non-profits can and should take advantage of that new channel. Lisa: Well, it's another one of those kind of buyer beware areas, because there is so much buzz. A lot of what we do is just explain to our clients what that really means and what their options are. A lot of them want to dive right in and have a lot of little widgets on their Website to interact with their audience, but there's no one there to monitor that or to feed it to make it a vibrant community. So, it ends up kind of a detraction. So, we're very much interested in ensuring that what gets deployed is appropriate for the environment and not a field of dreams. We have seen a lot of movement towards that. It's been a little slower, but non-profits are all about building community outreach, advocacy, education. These are all things that social networking can be very instrumental in. Larry: So, if I understood you right, it's better to have one or two widgets that you can really work with, rather than the whole group of 7-10? Lisa: Absolutely. I've even seen organizations try to start small with just say a blog, and they're not able to keep that up, because they don't realize that the technology is the easy part. It's the organizational part, where someone actually has to write the blog, and post it, and review comments, and so on, that has to be on there to keep it fresh and worthwhile. Lucy: Well, that's really true for us at NCWIT. We find that we have lots of distribution channels, and keeping the content supplied to those channels is really quite tough. It's more than a full-time job. Lisa: That's exactly what I'm talking about, and building things smartly so that they're not overrun with spam, and not insecure, and so on. Lucy: Well, so maybe in closing, let me ask this; so I'm the CEO of a non-profit, and in advising me, where would you tell me to start in technology? What would be the first thing to look at or the second thing to look at? What kinds of things do you often say to people like me, as it relates to this example? Lisa: Well, I'm a very big fan of a process that we do, not just self-serving there, but it's a strategic technology assessment that comes in and interviews all of the stakeholders and inventories all of the assets. That process can give the organization a complete understanding of where the opportunities are, so they that can then prioritize them and come up with a specific plan for the next couple of years. That really helps a new organization to get started. Lucy: That sounds like a good process. Larry: Yeah. It sure does. By the way, starting in March 2001, it's kind of like starting in March 2009, economic wise. Lisa: Exactly. Lucy: Oh, starting over. Yeah. I got it. It took my brain a little while, but I did finally get that. Well, Lisa thanks very much. It was great talking to you. Lisa: Thank you. It was wonderful! Larry: It was a pleasure. Once again, Lucy, I don't know how you and your team line up all these magnificent people, but NCWIT.org, you've got some wonderful connections and interviews, but lots of information. I must say that it's a pleasure for w3w3.com to host, and also to have a special channel for all of these interviews where you can tune-in 24/7. Make sure you tell your friends about it, and by the way, Tweet about it if you would like. Lisa: Tweet about it, only if Lisa says it's OK. Man 1: Is it OK, Lisa? Lisa: Sure. Larry: All right. Lucy: OK. Thank you very much, Lisa. Lisa: OK. Thank you both. Lucy: That was great. We really do appreciate it, and I'll be in touch. Larry: All Right. Lisa: OK. Transcription by CastingWords Series: Entrepreneurial HeroesInterviewee: Lisa RauInterview Summary: Lisa Rau wanted to create something rewarding, something of her own, something of value when she created Confluence. As she discusses here, entrepreneurship is scary but incredibly satisfying: "with the risks come the rewards." Release Date: April 27, 2009Interview Subject: Lisa RauInterviewer(s): Lucy Sanders, Larry NelsonDuration: 15:53

Audio File:  Download MP3Transcript: An Interview with Carol Realini CEO and Founder, Obopay Date: April 7, 2009 Carol Realini: Obopay [intro] Lucy Sanders: Hi, this is Lucy Sanders. I'm the CEO for the National Center for Women and Information Technology, or NCWIT, and this is one in a series of interviews with fantastic entrepreneurs, women who have started IT companies. With me is Larry Nelson, w3w3.com. Larry, how are you? Larry Nelson: Absolutely magnificent, kind of jittery a little bit. We just launched our Internet TV show, so things are going good. Lucy: And the name of the Internet TV show is... Larry: "Colorado Rising." Lucy: So everybody, be careful, he's after you for not just audio interviews now but live TV as well. Larry: You bet. Lucy: With us today we have Carol Realini. She's the founder and CEO of Obopay, and before that a very distinguished career in a number of high tech companies including Cordiant. Obopay is the first truly comprehensive mobile payment service in the United States, and it's really cool. You go on the website and you can basically send money to your kids. If you're kids, you can get money. I'm trying to figure out how to get my parents to do this for me even now. Larry: Yeah, I've got five kids. I appreciate that. Lucy: [laughs] And we're really happy to talk to Carol. Welcome, Carol. Carol Realini: Thank you. Happy to talk to you guys. Lucy: Oh, great. Why don't you tell us a bit about Obopay. It's a great company and it has a wonderful value proposition. Carol: Absolutely. First, I just want to say I assume you are all in Colorado today. And I'm a longtime San Francisco-born Californian, born and raised here. But I spent five years living outside of California and that was living in Colorado, and I love Colorado. Lucy: Well any time you want to come visit us. [laughter] Larry: That's a deal. Carol: Absolutely. Lucy: That's a deal. Carol: I love Colorado. So let me just give you a little background on myself, and then I'll talk about the founding of Obopay and what we do and a little bit about the company. I am a four-time entrepreneur, so this is my fourth company from the ground up. Lucy: Wow. Carol: First one, I wasn't the founder but I was a very early employee at Legato, which became a very large storage management software company which was bought by EMC. That company went public and then was bought. The next company, I was the founder of a consulting company that focused in the early '90s on helping people migrate to distributed computing. And this was when big companies around the world were trying to figure out how to leverage the client server and PC technology that was emerging. And then the next company was Cordiant Software, and I founded that and raised the venture capital for that company and was the CEO until just before the company went public. And it went public in 2000 and is still a public company. And then I retired from that and thought I wasn't ever going to work again. I'd had a fantastic career in technology, really started in the mid-'70s when it was really about mainframe. And I retired thinking I would never work again, and actually moved to Colorado and ended up getting involved in some nonprofits which were focused on fostering entrepreneurship in developing countries around the world. As a result of that, I was traveling in places I would have never normally traveled, places in rural Africa, rural Latin America, and was quite taken in 2002 with the number of mobile phones that I would see in very far away places where there was no electricity, no clean water. You would find that there was a growing number of people that had mobile phones. And this is the year 2002 when there was about a billion phones on the planet. And since my last three companies had really focused on financial service software primarily, and I had spent a lot of my time in the financial services industry building software from the biggest financial service companies in the world, I ended up starting to think about, well if there are mobile phones in all these places, maybe we could use those mobile phones to start delivering financial services to everybody with a mobile phone. It was a real simple idea, but it was exciting for me to think about the possibility that someday most people would have mobile phones, and those mobile phones could then bring convenience and access to banking like we've never seen before. So that idea got under my skin and by 2004, late 2004, early 2005, I funded some research where we went around the world and looked at some of the very early implementations of mobile payments and mobile banking. And once the research report was done, the way I think about it and this is the way it happened, when I started the research report, my career was behind me. When I finished the research report, my career was in front of me. Lucy: That's great. Larry: Yeah. Carol: Yeah. And I decided I just had to come back to work and use all my experience as an entrepreneur and technologist to build a company to deliver mobile payments and mobile banking to every mobile phone. So that was 2005, and I've worked almost every day since I made that decision. And I'm sitting in my office in Redwood City where I spend a lot of my time now. And the company is about 150 people now. And we are operating the service in the US and India, and we're in the planning stages to rolling it out in Africa and in Europe. And we get a call almost everyday from different parts of the world saying when can Obopay think about coming to this country or that country. Lucy: How did you choose the name for the company, Carol? Carol: The big idea is everybody with a mobile phone will get access to payment services and banking services through their mobile phone. And if you think about that, it's such a big idea because if you look at traditional banking, it serves let's say a billion and a half people on the planet, whereas already there are over four billion mobile phones. And so you can imagine that the people that have bank accounts and have mobile phones can benefit from it. But there are also a lot of people that don't get access to banking that will now have it because they have a mobile phone and there's a ways for these services to be offered to those people. In addition, people are still using a lot of cash, right, and sometimes checks. And my belief is that mobile payments and mobile banking will eliminate cash from use. And it's such a big idea if you think about it. About $7 trillion of transactions a year are done in cash still today. And I believe that in the future we won't be using cash, we'll be doing electronic transactions between mobile phones. For that reason, when we looked to name the company we said, wow do we relate to this big idea that someday this will replace cash? And we found that obol, O-B-O-L, is a greek coin that has been obsolete maybe a thousand years. And so we took an obsolete coin as a concept that we put in our company name. Lucy: That's fascinating, and the story of the company is interesting as well. And I would love to follow up with you because I think that the people here at the Atlas Institute at the University of Colorado - Boulder, they're starting an ITC4D program here. So they would probably be interested in having you speak. So that's really interesting. And you've been a technologist for a long time and our first question centers around that. How did you first get into technology? And as a technologist, what are the technologies you see as being especially interesting today? Carol: I first got into technology in the mid-'70s. I was a mathematician and I was teaching math at a local university, and found the computer science department and decided in my spare time to get a computer science advanced degree. It was a natural transition for me. I was doing math because I was good at it and I loved it but it wasn't my passion. But once I got involved in computers I got very passionate about computers and specifically software. So that's how I got into technology. And you know in the mid-'70s, Silicon Valley was a very small community, so a lot of my professors worked at IBM or Hewlett Packard. Once I started taking classes from these folks it was just very easy to understand what was going on in the industry and I very quickly opted in. And matter of fact, I ended up leaving my teaching position and starting work six months before I finished my degree. Larry: Oh, good. Well you've had a chance to work for others and the nonprofit experience you had, why are you an entrepreneur and what is it about entrepreneurship that makes you tick? Carol: I started my career as a typical software engineer and ended up starting to get into management. And I was quite successful in management positions. Something happened to me about six years into my career. I thought when I was working for this big company that my aspiration was to be an executive at a company like that, but I got involved in a project almost by accident. It was an entrepreneurial project within a big company, and it changed me. The company I worked for, which was a hardware company - it's called Amdol - decided they wanted to do a commercial product based on UNIX. Because UNIX was just an internal AT&T Bell Labs technology, and I negotiated the first commercial license for UNIX. And we ended up building the operating system and then providing it as a high-end version of UNIX out into the marketplace. And this all happened very quickly, it was very entrepreneurial, they were a handful of people in a big company and we built a whole business around this new operating system that we built. It was amazing. People would tell us "You'll never get this done," that nobody would ever buy it. And so I got involved in that and I saw about 15 people. We moved a mountain just by saying we we're going to do this. And I had that experience and I said, wow, I really love doing this and I'm good at it. I got a taste of it from that and then, once the project got mature and was mainstreamed, I decided that I couldn't go back into the mainstream, I had to go be an entrepreneur. I left and then I went to work at a company that was just about to go public, which was a database company - I think of that as my transition job. And then I got a phone call about 18 months after that, where somebody asked me to do a company from the ground. So that's how I got into it. I think that I had it in my blood, in my desire. I'm not sure if I would have been an entrepreneur if I hadn't had the early experience of how powerful it is. Also, I managed my career even before I left this big company, I had experience in marketing and sales. When you're an entrepreneur, you have to wear a lot of hats. You especially have to wear a sales hat. You have to go out and get the initial customers, you have to go out and get the initial founders or employees to work with you, you have to get the original investors. That is a sales job. And so somehow I've been able to over the years be quite successful at evangelizing new ideas and bringing on employees and customers and venture capital. And that's been something that I'm just good at and I love to do. Lucy: Well you know those are all UNIX projects. I'm from Bell Labs and we were probably one of your Amdol customers. [laughs] Those were fun times for sure, and it does sound like you have entrepreneurship in your blood. In terms of who influenced you, can you look back - you had an experience that influenced you at Amdol, and another experience at the database company - were there particular people or mentors along the way that influenced you? Carol: Yeah, I think there were. I was aware of what some other people were doing, so I think I was inspired by some of these early entrepreneurs. Famous ones, like Bill Gates and Judy Estrin. Or fhe less famous ones, just people I knew in Silicon Valley - I was inspired by those people. So I think, one thing that happened to me when I ended up becoming an entrepreneur -- if you had met me before I took my first CEO job, you would have said "Well, this woman..." Lone Ranger, I used to call myself. I would take on projects and I would do them, and I would have people working for me, but I didn't need any help. That was my attitude. When I started my first company that was venture-backed, for some reason I decided that I needed to change my style. I said, you know, I need help, because I've never done this before. And raising venture capital seems really hard, building a company from the ground up. I've kind of been involved in it in kind of different ways, but this seemed a really big task. So I decided to change my style and ask for help. I'd been around for a long time so I knew a lot of people, but I had actually never asked anyone for help, never in my entire career. And so when I wrote my first business plan for Cordiant, which is where I first raised venture capital, I sent the business plan to 50 people I knew, who had either raised venture capital or would know how to do it. And what was so interesting about that is that I've never asked for help before, and people were so honored that I had reached out to them for help, I got this wave of help from all these really great CEOs or venture capitalists. And that was the reason I'm here today. It was actually because I figured out that it wasn't just about me doing something. Being an entrepreneur and having a big idea, you need a lot of help. So when I reached out to these people, a lot of those folks became mentors to me and became advisers to me. And I remember, when I was raising my first round of funding, I said, look, if I'm successful at this -- and I thought this is the hardest thing I've ever done, If I'm successful, I'm going to help other people do this. You know, over the years, I've turned around and done the same thing for other folks and helped other people who were trying to raise venture capital or start companies. And something I really like to do is give back, because it was so important to me to have those experienced people help me. Larry: Wow. Carol, you know you have a number of happy, successful stories, but I'd like to ask another kind of question. If you were to pick the one, single time - I'm sure you had challenges along the way - but one, single toughest decision that you had to make in your career. Carol: Business decisions? Larry: Yeah, business-related. Carol: I'll tell you, there's a lot of tough decisions you make every day. I mean, when you're an entrepreneur, it's important to figure out what you can't do, or what you shouldn't do right now. I think one thing is, at big companies you might have the luxury to do most of the things you think are the right things to do. But in a small company, an emerging company, a new company, you have to choose every day what is it I have to do now, and what is it I can afford to do right now? And you have to make that decision every day, and people come to you and they lobby, or customers come to you. And you just have to be good at prioritizing and saying no. And that is a tough decision, but I can't point out one time I said no. It's just that every day, you have to learn to say no. Larry: OK. Carol: Hire this person, go after this opportunity. So that's sort of the tougher part, the tough decisions I make. Probably some of the more challenging business decisions were really around timing of expansion. Larry: Ah. Carol: So if you think about it, Cordiant wouldn't be where it is today if it hadn't made a decision to, very early on in the company's evolution, to expand into Europe. So they made a decision while they were in the US market for six months, they decided to go to Europe. And that was a tough decision to make because it was an expensive decision. But it turned out to be a very good decision. Hard to execute on, but a really important strategic move. Obopay has made that same decision. From the beginning, we decided that, to accomplish what we wanted to accomplish, which is deliver financial services to every mobile phone, we had to be willing to build a service that could work in places like the US, as well as India. And the only way to really know that is to build it from the beginning with that in mind, and then go to those markets and prove that it worked in both markets. That was a very tough decision to make because it's a very expensive decision, and it requires the ability to execute on two different markets. Lucy: You've given us a lot of pointers that would be helpful to people who are considering being entrepreneurs. For example, you said it became important to you to ask for help. I think you said, "Get to like sales," you know, and, "Learn how to prioritize and learn to say no." And I think the story about expansion into Europe is an indicator as well of taking educated risks and getting out there and really growing the company. What other advice would you give a young person who's considering being an entrepreneur? Carol: I think you can't learn to be an entrepreneur in a classroom. So I think you have to be willing to take jobs that help you build skills and experience so that you're able to be an entrepreneur and be good at it. You know, some people come out of school, like I was reading about the founder of Facebook, I mean, phenomenal story. He's 24 years old and he founded Facebook. I mean, that's incredible, but a lot of entrepreneurs don't get there that way. They end up having jobs that give them good skills and experience that prepare them to be an entrepreneur. So unless you're like the Facebook founder, I suggest you think about, "OK. What's the next job I could take in the company I'm at or in a different company that will help me get skills and experience I need to be an entrepreneur." So for example, let's say you're not good at strategic stuff, which is like what you need to be good at to raise venture capital, what you need to be good at to go out and get your first set of business partners in your business. If that's true and you're not good at it, you should get a job in an opportunity where you figure out how to be good at that, where you're tested, where you're trained, where you have to do it, because that's going to help you build the competency that you need and better prepare you to be an entrepreneur. I want to say one other thing about that. I knew in my heart I wanted to be an entrepreneur, and I remember one time I tried to get a sales job at a company. I won't mention which company, but I tried to get a job being a sales person, because I kind of knew I needed to be better at this. And I remember the person I went to who liked me a lot, said, "Oh, well, you're a girl. Nobody's going to buy a million dollar product from you." [laughter] Lucy: I'm sorry. Larry: Yeah. Carol: But, you know, at the time that was their point of view. But I remember thinking, "You know what, that is not going to stop me. That's this person." Lucy: Absolutely. Carol: And, you know, it may have been conventional wisdom that a girl couldn't do this job, but it didn't faze me at all, and I said, "Oh, OK. That's your opinion. I better go find my sales opportunity someplace else." And I think you have to have that in your DNA to be an entrepreneur. You have to be the kind of person that has the kind of vision and direction and drive that when some obstacle gets in front of you, it's not that it's not real, but you figure out how to manage beyond that obstacle. Lucy: Absolutely, being relentless. Larry: Relentless. Lucy: We've heard that a lot, relentless, persistent. Carol: Yeah. Larry: Yeah. Lucy: Yeah, resourceful. Carol: The other thing I was going to say about building the expertise to be an entrepreneur, I have two other things to say about that. You can never be everything. You can't be all things to all people. There's some things that maybe the perfect entrepreneur would do that I'm not good at. So you also need to understand where your limitations are and surround yourself with a team that collectively has the skills to pull off the business. So you're not going to ever be all things to all people. There are some things you have to be able to do, like raise venture capital, but there are some other things your team may be able to do for you, and you don't have to do it yourself. The other thing that I would say, and one thing I like to say to the people who want to be entrepreneurs and go out and raise money, especially raising money. I said, "If you think about being entrepreneurs, don't think about success being raising money." Because let's imagine you're going to be successful raising money. Success is when you get the money and you've got the company, that you're successful with the company. You have to think less about sort of the, "Oh, I can get a VC to fund me," and more, "I can get the capital I need to build the company I need to build, " and it's a different mindset. And you have to have the mindset of, I not only have to be able to raise the venture capital, I have to be the kind of leader that once I have it I can build the company. So you kind of raise the bar for yourself and what you think you have to be able to do to build the company. You have to raise capital, and you have to make that capital turn it into a successful business. Larry: Carol, with all the things that you're doing and you're at the office right now, how do you bring balance to your life, both personally and professionally? Carol: I don't think I have a balanced life. [laughter] Lucy: Yeah, we're heard that before too. Yeah. Carol: But I don't know, you know, I think about that I have three children, and I love them and they're all successful. They're grown. They're in their twenties. I love them. I don't see them as much as I want to, don't spend as much time with them as I would like. I have a husband who I've been married to for almost 30 years. I love the outdoors. I'm very athletic. But the fact is when I'm doing this I would say that I don't have the kind of balance that would be the perfect balance, and I just accept that. That's the job. The job is to have a little bit of struggle with balance, because the job is going to be really, really demanding, and I've accepted that. I had five years off, six years off where I was able to spend as much time as I wanted with my kids and my husband. And I biked and hiked and skied 60 days a year. That was fabulous too, but, you know, there's nothing like building a company from the ground up. Lucy: And that's the case, and we've heard that from some of our other interviewees as well, that it's more of an integrative thing. You know, that you have all these interests and you integrate them, but it's not like every day is balanced. Larry: Right. Lucy: That's really interesting. So, Carol, you've done so much. You're a global visionary. You give back. I wanted to mention to listeners as well that Carol was on the board at the Anita Borg Institute, which is one of the co-founding organizations of NCWIT, really focused on women and innovation and computing. And you mentioned earlier that it's important for you to give back. So across the board you've done some pretty phenomenal things. What's next for you? Carol: No, I am very passionate about entrepreneurship, so wherever possible I support entrepreneurs, either through my own time or through donating to organizations that support entrepreneurs. I'm passionate about education. There are places in the world where children don't get access to free education, places like Uganda or a lot of places I go in the world. And so my husband and I both donate a lot to programs that get the kids that are left out of the education system access to education. So we do that and that's something we do on an ongoing basis. You know, I'm kind of doing Obopay full-time. It's interesting. I was on boards when I started Obopay, and I got off all of them. And I did that because I just felt like for an early stage company I didn't have the luxury of having time to be a good board member for them, but I think for the next couple years, I'm pretty much full-time doing this. But I don't have a lot of bandwidth to do other things right now. When this period is over for me, I don't know what's next for me and I'm not worried about it, because I love so many things. I have so many hobbies, so many interests, I'm not worried about what comes next. I'm not a worrier anyway. I'm just dedicated to doing this now, and I know when I'm doing this that they'll be something else great for me to do. Larry: Well, I couldn't agree more, yeah. Carol: Oh, that's another word for entrepreneurship, fearless. Larry: There we go. Carol: There you go. Larry: Well, Carol, I want to thank you for joining us today. Carol: Oh, you're welcome. Larry: And we'll put your link up in the website. That's Obopay.com, but we'll put it up on NCWIT's website. That's ncwit.org, and also at w3w3.com. And by the way, I want to say this to the listeners. Pass this interview along to others that you know would learn from it and would enjoy an interview on this kind of a topic. Thank you much, Carol. Lucy: Thanks, Carol. Carol: Thanks, bye. Lucy: All right. Thanks everybody. [music] Transcription by CastingWords Series: Entrepreneurial HeroesInterviewee: Carol RealiniInterview Summary: Carol Realini is an imaginative pioneer whose foresight and business acumen have changed the landscape of technology, and whose global vision is providing hope and a future for people in developing countries. Release Date: April 7, 2009Interview Subject: Carol RealiniInterviewer(s): Lucy Sanders, Larry NelsonDuration: 24:49