December 22, 2010
Bob Metcalfe, Bill Warner, Kiva, CarWoo, TerraPower All at 5x5
XConomy's “5×5” Forum in Boston this month attracted some of the best and the brightest in the technology industry. Below is a summary, largely taken from Greg Huang's excerpts on-site.
1. Bill Warner emphasized his more unconventional approach to startups. “I intend to help people follow their heart,” he said. “I believe people are pushed to follow their head.” A startup’s philosophy boils down to what he calls the “negotiated invention” model—what most entrepreneurs follow by leading with their idea or technology and making compromises based on the market and egos versus from their soul and heart.
2.Client CarWoo provided tips on how to become the next Groupon. Founder and CEO Tommy McClung, from the Bay Area, talked about targeting established business models in big markets, which are “usually ripe for disruption”; riding the emerging trend of “online to offline” and balancing incentives for customers.
Disclosure Note: I am a consultant for CarWoo.
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