Flying Is Inspiring
For whatever reason when I find myself on a plane far above nowhere, I feel like the creative impulses become more uninhibited.
It might simply be the fact that sitting in one place for so long allows the kind of self-reflection necessary for creativity, but I think instead it has something to do with the unfettered reality of being in the air – literally off the ground.
Going through the process of trying to figure out my first post-grad-school career move in the midst of the biggest market downturn in a generation has been a very intense process to date.
Even though failure is a necessary part of life and an even more understandable part of such trying times, having desired outcomes eliminated by others is never fun.
That this happens both in our personal relationships and in our careers is not a surprise – both are simply the interface of our hopes and expressions of commitment and the outside world.
Challenges Show True Colors
An interesting phenomena in the current environment is that peoples’ true character is being shown, for better or for worse.
Arguably an opportunistically minded employer should see today as a great time to find talent – even those with the most options are having this opportunity set constrained by the reality of a market downturn.
However, instead, many of these previously-shrewd types are hunkering for cover like the rest of the masses.
This might mark capitulation, but instead I think it highlights the danger of a human-driven economy: it is driven by psychology as much as any “reality of the matter”.
What I mean is that today even the even-keeled in the crowd have become part of the collective pessimism that is currently gripping our markets and economy.
That it has become the status quo is reflected in the experiences of my fellow graduates of Harvard Business and Law Schools, who arguably have a unique snapshot into the corporate psychology across our economy as we are welcomed into organizations for interviews, meetings and other gatherings.
The mood across these organizations is one of fear-of-failure at worst to wait-and-see for most.
Entrepreneurs Remain Optimistic
Thankfully, this is not a uniform experience, and unsurprisingly it is the entrepreneur-set that retains the most optimism. I have spoken to a number of venture capitalists as well as aspiring and current entrepreneurs over the last several months, and the outlook for this group remains upbeat.
Sure there is a sense of “cash-preservation” typified by the now infamous “Sequoia book” on the economy; however, this group also recognizes that there are likely an infinite number of problems waiting to be solved and a lot of really smart and creative people out there solving them.
This sense of innovation and optimism is what our nation thrives on, and it is what will ultimately inspire and drive the rest of the crowd out of the shadows and back into the eye-squinting light.
Social media, communications technologies, renewable energy, biotechnology, music, film…all of these areas continue to feature brilliant minds doing wicked-cool stuff.
Innovation Needed: Personal Finance
One area where innovation has only moderately occurred is in the area of personal financial management. Sites like Mint.com help people to manage their personal finances, but as too-many people are experiencing the current state of financial advisors is inadequate.
I think there is room for someone to create a service to help moderate-income people manage their personal finances and retirement accounts. With the out-flux of talent from the failed financial-services industry, a would-be entrepreneur has a legion of people to help with execution.
The cool thing about our country is that someone will solve this problem. And they will be another entrepreneur in a series of creative folks who have helped built our country and its ever-persistent economy. (Update: I met a guy from MIT last night who is working on a very similar idea…beautiful thing).
The plane is banking left and my batteries are low…until next time, be careful of the continuing-to-fall shoes and try to keep an eye on the sun.