Simmons College Founders Day: Keynote Comments

Founder’s Day Speaker – Simmons College 2012 —To the College Freshmen 

Professor Teresa Nelson
October 30, 2012

Good afternoon, and thank you, President Drinan.

It’s a day to remember and celebrate the past…FOUNDER’S DAY….so let’s take a quick mental walk back to 1870 Boston– the year entrepreneur John Simmons created Simmons College.

If you stepped out onto a downtown Boston street in 1870, you’d likely see people in horse drawn carriages — the Museum of Fine Arts was just opening its doors for the first time. There are no cars, or electric lights (and neither would your home likely have an indoor toilet).

There are 250 thousand people living in Boston in 1870, and the city is a transportation hub for New England. The port area would be booming with ships travelling the world,  the railroads are running near and far, and the turnpikes to Worcester and Newburyport would be full – of cattle and sheep  — coming for sale in the Haymarket.

If you were a lady of means you would likely be wearing a form-fitting, long-waisted dress with a bustle, reinforced with many strips of whalebone, cording, or pieces of leather. Though you might also be of the immigrant classes, living with all of your family in one room in the North End. Likely you’d be Irish, as 25% of the city population was at this point, having fled Ireland’s potato famine of 1845.

Boston at this time was an international center for progressive thought having led the abolitionist movement into and through the United States Civil War which had just ended as Simmons College was born.

In 1870, women in Boston could not:

  • Vote or serve on juries;
  • Enter into a legal contract or own a business;
  • Control their own earnings (if they had any). The money legally belonged to their husband or father;
  • Legally hold responsibility for their children – another husband domain.

….The 1870s in New England was a time of “separate spheres” for men and women and women’s role was in the home.

STILL: There were Bostonwomen who were brave and outspoken on society’s treatment of women — of their need for education and basic civil rights. Twenty-one percent of the college population was made up of women, largely training to be teachers.  As 20% of the 39 million Americans were illiterate and Boston’s role in pushing for education across income lines was particularly robust.

There were also legions of women balancing the demands of the household, their primary responsibility, with “handwork”, the taking in of sewing for pay.

By the mid-19th century Boston was one of the largest manufacturing centers in the nation, noted for its garment production, leather goods, and machinery industries. Manufacturing had overtaken international trade to dominate the local economy…..and John Simmons, his fortune, and his legacy, is part of that story.

My colleague Jason Wood follows with some remarks on Simmons and his life, so here I’ll just say – he was a visionary in that he invested in a future – he saw an opportunity for women that many didn’t – he was an entrepreneur.

His idea of education for livelihoods for women was revolutionary.

Today we continue to interpret his legacy in the programs of the college that encourage you to:

  •  Take ownership of your future
  • Embrace your rights and independence
  • And build a meaningful career

In the language of my field, entrepreneurship, I encourage you to think of your future entrepreneurially.

At Simmons this means participating in a conversation about “Entrepreneurship for Everyone” – whether your major is nursing, English, business or social work, consider all your career options and pick what suits you now, and prepare for what might suit you later. Get the skills you need to have options, and to be successful.

Be part of John Simmons’ bold experiment for women’s empowerment and social change.

Thank you.

The Astia Women Entrepreneurs

One more post on the Astia Global Entrepreneurs program this week. You should hear about some of these women and their companies.

In no particular order….there’s Sandra Sassow from the UK. Sandra is with SEaB Energy, Ltd the investor of the MUCKBUSTER (trademarked) an automated micro anaerobic digestion system in a 40′ container which converts organic waste into energy on any site (http://seabenergy.com/). We’ve had a lively chat about the cultural transmission of the name of their product to U.S. markets. Lesley Silverthorn of Angaza Design (http://www.angazadesign.com/) is making a good go of a for-profit selling solar lamps to bottom of the pyramid customers in East Africa (replacing highly toxic kerosene lamps). Lesley’s credentials are very impressive:  She received her B.S. in product design and her M.S. in mechanical engineering from Stanford University, and has extensive product experience, including work on the first three generations of the Amazon Kindle. Both these women are well representing the for-profit, mission driven equation — doing well by doing good.

Blaire Miller of Eaton Rapids Castings LLC has a great story to tell — a Michigan company bringing Finnish technology into the U.S. to revive the casting industry for major customers like Caterpillar. Go Michigan!! Go manufacturing U.S.!! On the customer facing side, we’ve got a company like toast (toast-clothes.com) a new venture delivering heated long underwear (yes, heated long underwear) for people who work and play outdoors.  It may sound like small potatoes until you think about potential customer groups like postal delivery people…the family snow shovelers….PLUS the 11 million U.S. skiers and snowboarders who spend on average, $115 each year on equipment. Follow-on products abound. Finally, there’s Ida Tin of Biowink — a European based company enabling women to manage their fertility using their smartphones (I’ll let you go and get on the list for updates at biowink.com). And many more……all with something special, all with passion.

Here’s what to know — as with any group of start-ups, not all of these will succeed. But the power of an accelerator is realizing that the bet is on the women, the entrepreneur, not necessarily on the venture in front of you. Next, know that these women are not all CEOs. Here’s Astia’s modern approach — promoting women as leaders, women in the C-suite, not necessarily majority owners (in fact, not likely majority owners). That’s the way growth businesses really work. That’s the way women high growth entrepreneurs win connections, power, success. That’s how we’ll make meaningful change in those stats on the rates of women high growth entrepreneurs that drive us crazy.

Astia Global Entrepreneurs Program, continued….

It’s Thursday morning — I am sitting in a conference room at Fenwick and West in the heart of Mountain View. Right now, top representatives of Intel Capital, Cisco, AOL, Microsoft and SAP are talking with the participating entrepreneurs helping them understand how to “Navigate Corporates”. The experts aren’t pulling any punches:

“Very often, we don’t have time to invent. That’s your advantage.”
“We can drive you into bankrupcty without intending to!”
“All companies have parades — find out what they are.”
“I talk to 100 companies a year, and invest in 3 of them.”
“Start-ups tend to negotiate on stupid things.”

There’s also another conversation going on that I find critical for entrepreneurs: “Learn to rapidly be able to navigate through who is the best person to invest in in terms of relationships.”

Too often entrepreneurs end up playing the ‘collect the business cards’ game. How many people can you meet? The vision of 1000 fish in a bowl comes to mind. Those who have been around the block know that one relationship with meaning is worth a 10 inch high stack of business cards (though an opportunity related to one of those may come up, too). I repeat: “Learn to rapidly be able to navigate through who is the best person to invest in in terms of relationships.” There are people who want to make connections — good connections — find one, then two.

And think about whether someone corporate could be one of those – now or later. Find the networks that let you meet them. Finally, remember the  best champion for you as an entrepreneur in a big company is likely to be the one you can do the most for. Listen to the executive you are talking to, and see how you can help them do what they want to do.