“For entrepreneurs, by entrepreneurs” is actually the slogan of The Entrepreneurial Exchange, a members organisation in Scotland and London for ambitious, growth orientated entrepreneurs from any sector, but it applies very nicely to the world of high-tech startups where I’m now immersed.
In a nutshell it means entrepreneurs helping and sharing with each other, and as we’re entrepreneurs, doing this ourselves, rather than relying on outside support.
According to the Exchange, only around 5% of privately owned businesses have the entrepreneurial drive and desire to grow and scale up, and it’s those kind of entrepreneurs that see the benefit of, and join up as members of organisations like the Entrepreneurial Exchange, and its international equivalents like EO and YPO. By comparison, in the world of tech startups, probably something like 95% of entrepreneurs are seeking to create something of scale, (and to do it in within just a few years).
The interesting thing to me – and why I feel so at home in the startup world – is that there is a pay-it-forward culture, an ethos that winning is not a zero-sum game, and that we can all learn from each other. It’s baked into the whole community.
(An example: Steve Jobs was mentored by Andy Grove of Intel, and then years later – setting aside some grievances over Android – he returned the favour to Larry Page of Google.)
The Entrepreneurial Exchange’s key objectives are to:
“inform, motivate, educate, inspire and support entrepreneurs to realise their full potential.“
That manifests itself in Silicon Valley and in other startup hubs around the world, where there’s thousands of free meetups where you can be motivated and inspired by, as well as meet other entrepreneurs; you can read hundreds (if not thousands) of quality blogs from entrepreneurs, VCs, lawyers and others where they educate us by sharing their advice and insights, for free; and there’s communities like Hacker Dojo or TechHub where entrepreneurs can work together, support each other and inspire each other.
And ultimately I guess that’s why in this environment there’s no equivalent of The Entrepreneurial Exchange, because we’re doing it by default; it’s baked into the whole startup ecosystem, and that’s why I love this industry.