Yesterday at inQvation we were honoured to get a visit from the brand new Incubation Studio team from LEGO Ventures. They are just setting out with some really cool people onboard, and they had asked if they could come and learn from our experiences, and of course they could. We are always willing to share and have a very transparent approach to the things we do, and the things we learn.
One of the things that came up during our discussion is how much work-in-progress it is to build a Studio-setup that works. Now, this doesn’t mean that we are doing random stuff every single day – we are most definitely not. But what it does mean is that nobody – not even the ones who claim they do – has a proven, repetitive model for how they make it work in all its fine print.
In fact, I don’t think you can create a model that works the same way every single time down to the tiniest detail. What you can do, however, is to create and fine tune an approach ‘above the water line’ so to speak, where you can communicate and replicate in broad terms, how your funnel for projects look. To that end to the naked eye it will look like a standardized approach, yet ‘below the water line’ it will be different tools, methods and learnings from time to time. I don’t think it can be in any other way.
2019 is running out and now is a good time to reflect on the year gone by and looking ahead to 2020.
May 1 I joined inQvation as Head of Studio. It has been an amazing and hectic experience so far. When you are trying to build something from scratch, there is a lot of heavy lifting that needs to be done – a lot of things you need to figure out. I have learned a lot, and overall I think we’re a lot wiser on what works and what doesn’t going into 2020.
We’re very ambitious about 2020. This is the year where all the work, we put in, and the experience, we have gainedm, should enable us – and you too – to start seeing the first real results of our work. Not the end product as such, because building a startup is an ongoing process. But we will be signaling intent and trying to make our mark in some very interesting spaces. I promise. And I look so much forward to it.
Happy New Year!
The more I work with recruiting matters, the more I come to realize the amount of effort and work you need to put in in order to get the best candidates possible. It doesn’t matter whether it is for a job opening or for participation in a case competition – it is all the same.
Advertising near and far will get you something. But it is my experience that there is a high noise-to-signal ratio in that way, and that you can quickly spend a lot of time and effort for very little result.
What seems to work better though is recruiting through precision. Basically getting someone to vouch for you and your serious interests. Going that way unlocks interesting candidates who are not really out there looking but may be interested in a conversation. And it has the potential of unearthing all sorts of different interesting profiles that might be an unconventional fit for something but nevertheless a potential fit given the initial screening. It really seems like the way to go.