The following is a summary of Reid Hoffman’s pitch given to Adam Grant at the video session entitled Success and Originality. The pitch was given to Adam Grant, author of Originals; that provided feedback on good points and advices in terms of uniqueness (originality) of the idea, plus other relevant factors for scaling a business:
Opportunity at Work, pitch, by Reid Hoffman (35m50s)
Adam Grant: Success and Originality — Reid’s pitch at 35m50s
Reid’s pitch “Opportunity Work”
- Organization/idea: Opportunity at work;
- Entrepreneur: Reid Hoffman;
- Investor: Adam Grant, audience, and you;
- Purpose: pitch about the business, example of a pitch, analysis, and educational.
State the problem
- Serious inclusion problem in the tech industry, diversity inclusion problem, how to change that?
- Adam Grant ❤ that Reid used about 1/3 of the pitch focusing in the problem (and situation)
Situation
- Normally a corporate/company recognizes a bunch of important work related to this. Yet, it’s a problem to solve the situation and to have traction at the end of each year (now). Therefore, Reid articulates that a deficit is in place;
- There is a network of bootcamps, actually being deployed: within 6 weeks you can start a career in the tech industry: db admin, web developers, QA, etc. Reid recognizes that bootcamps are recognized and existent and who they currently work.
Opportunity
- These bootcamps exists, but they are not focused in inclusion; because most of the participants are the ones that only can afford. Therefore, the solution is to have bootcamps that are focused in inclusion;
- Deployed through a scholarship fund, focused in diversity and inclusion;
- This is like, not a sum but an overlap between bootcamps and inclusion and scholarships.
The mechanics (requirements, unique strategies to make it work)
- A reputation system around at the network of of the bootcamps;
- A selection algorithm for the right folks to get into the camps;
- A system for participants, a pipeline, towards the jobs.