Today I put the dogs in my car to drive to a field where I could take them for a walk. I then went back to the house because I forgot my phone and when I came out, I got into the other car, and started driving to work. I was well into the next town before I realized it was 8:00, and I work from home now. It was a bit of a wake up call.
I know my mind is not in the game yet. I am running from item to item and finishing nothing. And, I don’t even have kids in the house. Like others, I do have family, community, and colleagues that I am worried about.
So, I am going to cut myself a break and figure this out.
I may need a slotted time. At a former employer, I was a slave to instant messaging, and I still hate it. I worked long hours, and I was busy, but not productive. I don’t want to make that mistake again. I don’t know what this “new normal” will look like yet, but I encourage all of you to find a way to work that works for you.
If you are home with kids, you know they need, deserve, and want your attention. If you have a spouse or partner at home and you are sharing a room or alternating rooms, you have to find a rhythm. If you are caring for an elderly parent, relative, or friend, I’m sure you’re especially stressed right now.
We all need patience. In one of my training sessions, the instructor said that you need patience and that you may not be able to do everything. They are right. This is a unique opportunity, and how can we take advantage of it? Each of us needs to figure out how it works for them and let one another know.
As part of MIT’s entrepreneurship community, we are a team that cares about each other. The work will get done as long as we take care of ourselves. So, I encourage you to experiment. If you want to partner up as we do for delta v applications, then set up time ahead so others can plan for it. If you need time for yourself, take it.
It looks like this is going to be a long road. This is a tough time, no doubt. We need to continue to deliver excellent programming, engage with students, teach in an innovative way, and continue to be a high performing team. However, first and foremost, we need to take care of ourselves, and if we all do that, we will get through this even stronger.
I know we’ve heard Rudyard Kipling’s quote from The Jungle Book, “For the strength of the pack is the wolf, and the strength of the wolf is the pack,” and in this situation, I believe it is extremely apt and timely.
Those are my thoughts for today.
Please feel free to share your thoughts in the comments as well.
This week, I had a chance to meet with Wellesley students at an on-campus event and experience their passion for entrepreneurship. They had an excellent reason to be excited. Wellesley has just announced its Batchelor Feld Entrepreneurship Fellowship program.
Amy Batchelor and Brad Feld are known as a power couple in entrepreneurship, venture capital, and philanthropic circles. Amy is a Wellesley grad and Brad is an MIT grad, so creating a partnership between the two schools made sense for them.
As a bit of additional background on the program founders, Brad Feld has been an early stage investor and entrepreneur since 1987. Prior to co-founding Foundry Group, he co-founded Mobius Venture Capital and, prior to that, founded Intensity Ventures. Brad is also a co-founder of Techstars. As a long-time venture capitalist who has supported entrepreneurship in the for-profit sector, he also provides his expertise and leadership to non-profits. Brad holds Bachelor of Science and Master of Science degrees in Management Science from the Massachusetts Institute of Technology.
Amy Batchelor is a writer and community leader who has been deeply involved in non-profit activity for two decades. She is the co-author of the book Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur. Amy graduated from Wellesley College in 1988 with a B.A. in Political Philosophy, and she served on the Board of Trustees at Wellesley College from 2009 to 2015, and 2018 to the present.
Their generosity has enabled Wellesley students to apply to be a Batchelor Feld Entrepreneurship fellow and be full participants in the MIT delta v program in either Cambridge or New York City, alongside the MIT students.
We are excited to have Amy and Brad join our long list of generous donors that have made this program possible, including Jack and Anne Goss who helped get delta v off the ground. It is the generosity of these philanthropists and their support of entrepreneurship that allows us to continue to innovate and elevate our entrepreneurship programs.
What is delta v?
MIT delta v is MIT’s student venture accelerator, providing a capstone educational opportunity for MIT student entrepreneurs that prepares them to hit escape velocity and launch into the real world. The name delta v literally means a change in velocity, and this program has been called the gold standard of academic entrepreneurship accelerators.
From June to early September, teams work on their ventures full-time for the whole summer. Teams will define and refine their target market, conduct primary market research and build knowledge about their customers and users. They will use the Disciplined Entrepreneurship approach to building their ventures. At the end of the summer, the delta v teams formally present their startups at the culmination of the program on Demo Day.
Here are the basics to consider as students think about the program:
All Wellesley students are eligible to apply as individuals or as a team
Full participation in delta v in either Cambridge or New York City
Up to $20,000 in equity-free funding available
$2,000/month per student to cover living expenses in June, July, and August
Monthly video mentorship meetings with Amy Batchelor and Brad Feld
Join a cohort of peers changing the world through entrepreneurship
Become part strong network of delta v alumni teams with a proven track record
Thanks to our Wellesley team!
I’d like to give a special thank you to Anabel Springer and Carolyn Price at Wellesley College. These two women are co-founders of NRICH Invest, a fintech startup designed to motivate college students to invest and save, and they drove the charge for this program. The pair worked as a part of the MIT Sandbox Innovation Fund’s Fall 2019 cohort, so are familiar with the benefits of the MIT entrepreneurship community, such as mentorship, funding and peer support.
In speaking about the program, Anabel Springer said, “We are ecstatic that this opportunity will provide a way for Wellesley students to engage with entrepreneurship and the larger startup community. Cheers to growing this community and supporting more women and nonbinary student founding teams. Let’s celebrate this moment for entrepreneurship!”
Carolyn Price added, “The fellowship program is an unparalleled opportunity for Wellesley student entrepreneurs to learn and create within Massachusetts Institute of Technology’s entrepreneurship accelerator program, delta v.”
In addition, Celine Christory, head of WeStart, and Tarushi Nigam Sinha, president of Wellesley Women in Business (WWIB) also supported us with this program.
As we respond to the COVID-19 outbreak and make every effort to keep our students, faculty and staff healthy, both MIT and Wellesley are conducting classes virtually for the remainder of the Spring 2020 semester.
Our physical space at the Martin Trust Center for MIT Entrepreneurship is currently closed, but we have committed to making delta v a reality this year and are still exploring different formats if they are needed. We will keep our applicants and the Entrepreneurship community updated.