Archived entries for business

Holstee Video by Keveen (KORAKOR)

A few years ago, I was travelling through France and decided to spend a few days CouchSurfing with Keveen. Little did I know he would be constant inspiration and source of positive energy for years to come. There are few people in the world with as much positive energy as this man, and his true goal in life is to tirelessly spread his love to the world.

In a recent visit to New York he captured some amazing footage of Mike and I, and the Holstee environment. After watching the video it was clear that he had a vision, but the recording experience seemed so effortless and came so natural that you could have never guessed the production quality and direction of the short clip.

I am so proud to be connected with Keveen and the Korakor adventure, and I look forward to working together with Korakor to help spread the love!

Learnings from Sir Sherlock Holmes

sherlock-holmes-silhouette-largeI made a conscious decision to read a fictional short story to break some of the heavier reading I typically lean towards. With the recommendation of my brother I picked up “A Study in Scarlet” a Sherlock Holmes classic.

I enjoyed the read through and through from start to finish. On the last page of the short story Sherlock summarizes how he so accurately was able to understand and solve the case.

“In solving a problem of this sort, the grand thing is to be able to reason backward. That is a very useful accomplishment, and a very easy one, but people do not practise it much. In the everyday affairs of life it is much easier to reason forward, and so the other comes to be neglected.”

In operating Holstee we often think about the long term goals – growth, reach, new products, new experiences. Our partner and advisor, Fabian does an amazing job of helping keeping our eyes on the horizon – as Sherlock mentions, it’s just too easy to focus on the “everyday affairs of life” creating and reacting to items that appear on our daily radars.

This quote for Sherlock served as a great reminder to the importance of knowing where you want to take your dreams. People always say if you don’t know where you are going you will never get there – and I couldn’t sagree more. The next step is taking that goal and thinking analytically on how to get there.

I know this sort of Tony Robbins, self-fulfilling prophecy, style of thinking isn’t new news for you – and it wasn’t for me. All the same I think the idea of “solving the case” of our dreams and aspirations by thinking backwards is worth taking a moment to do more than think about. The real benefit comes from writing it.

If you are like me you have heard it, and felt inspired by it a million times – but have never actually taken the time to actually write it.

For me, this time is different. I am going to write it – and you should too :-)

Whether it develops into a strategic plan with measurable milestones for your business or the direction you want to see your personal life evolve into – write it down. I can’t see how you could regret it.

Holstee Manifesto

Here is the Holstee manifesto. It is a combination of thoughts and feeling that have been floating around my head for quite a while now. With a few tweaks from Mike and Fabian it was complete. It really captures our personal feelings and vision for what Holstee can mean to people. So with out any further introduction, here it is. (As always please let me know your thoughts!):

HOLSTEE MANIFESTO

This is your life. Do what you love, and do it often. If you don’t like something, change it. If you don’t like your job, quit. If you don’t have enough time, stop watching TV. If you are looking for the love of your life, stop; they will be waiting for you when you start doing things you love. Stop over-analyzing; life is simple. All emotions are beautiful. When you eat, appreciate every last bite. Travel often; getting lost will help you find yourself. Some opportunities only come once: seize them. Open your mind, arms, and heart to new things and people. We are united in our differences. Ask the next person you see what their passion is, and share your inspiring dream with them. Life is about the people you meet, and the things you create with them, so go out and start creating. Life is short. Live your dream, and wear your passion.

Download “The Manifesto

going full time on holstee

For the past seven months (up through may) I had been working at Blenderbox, a twenty person interactive web agency based in williamsburg, Brooklyn. My official title was ‘creative strategist’ and my role was a combination of business development, strategy, and social media. In many ways the job represented a dream role within a dream company. From the equipment, to the physical space, to the people, I was surrounded by an environment that enabled my to produce value for myself and the company.

While working at Blenderbox, I continued moonlighting on incubaker and holstee, splitting my time and energy between my work for pay, and work for passion. About four weeks ago I returned from a two week vacation to London to visit Niamh, and do a bit of travel. It was an amazing trip all in all. I got to spend a ton of time with Niamh, learn more about London, visit Scotland for the first time, swing by one of my favorite city’s (paris), eat delicious food, and (re) connect with great people. I came back to NY refreshed, and as often happens after travel, with a fresh appreciation for life.

The following weekend we had our “incubaker weekend” where Thianh came from SF and we all gathered to discuss on Fabian’s campus our strategy for the future of incubaker, holstee, myheartbeatsfor, and the bag of other projects we had been juggling. We spent the whole day on saturday talking about our personal and professional aspirations. That sunday mike and I decided that it was time to take the plunge. Without much of a scientific analysis, we questioned and reassured each other – it was time to focus our time and energy full time on Holstee.

The next morning the first thing I did when I walked in the office was give my two week notice, I knew any hesitation would lead to more analysis. In reference to an old quote I posted by Bernbach: “Logic and over-analysis can immobilize and sterilize an idea. It’s like love – the more you analyze it, the faster it disappears.” The last thing I wanted to happen was to sterilize this burning passion I felt with logic.

Mike and I left the house at the same time that morning (April 13th), so we captured some thoughts while walking to the subway.

the holstee adventure

holstee logoI have dedicated much of that last few months to a project called Holstee, and would like the chance to document some of the experiences I have gained through this venture.

To begin, holstee is a line of socially focused, eco-friendly shirts. A ‘for-profit’ concept built on the stakeholder mentality. 100% of all Holstee proceeds are used to empower entrepreneurs through micro lending. Any money that the is repaid from the borrowers is then used to grow the business, recycled fair trade products were used for the shirt creation, and everyone working on the project, has contributed time, money, and or energy because it has been a work of passion.

The concept itself would have never become a reality without the  support and guidance of incubaker, my close friends, and of course my family.

Holstee and its origin….
One day in a mid-level entrepreneurial elective class, (that I had to beg my way into as a finance major) the Professor asked our class as she often did if we had any new or burning ideas; and as I often do, I eagerly raised my hand. After the professor called on a few other students, she called on me. I went forward and explained: “I would love to have a pocket right here [pointing under my arm on my rib cage], it’s the best place for a pocket, similar to a holster. Tshirts have pockets in the front, but it’s a waste it ruins the shirt if you put anything in there, and its uncomfortable and unsafe.” After giving every other student overwhelmingly positive feedback for their ideas (even the outlandish or already available ideas!) she said that the pocket concept was “too halfbaked” and didn’t offer enough stand alone value. I am grateful for her pessimism, because that weekend, I got together with Thianh, and we borrowed his mothers sewing machine and got to work. (It took us a while to figure out how to thread the machine, but after that things started to pick up ;-) )

original holsteeWe started prototyping with different pockets and styles. That week, after class I went to my professor and proudly showed her my newly ‘pocketed’ shirt. She was more impressed with my keynote presentations for class projects than my sewing skills and personal passion, and didn’t care much for the pocket. The idea was on hold for a while but it was bouncing around in my head for a while. After graduation, I decided I would dedicate some time in Cali to working on this t-shirt project with the guidance and help of the other Incubakers.

Throughout university I questioned the “share holder approach” where the mission of a publicly traded company is solely to increase shareholder value. I often argued (to no avail in my investment classes) that a stakeholder approach is the only responsible way to build a business. (A stakeholder approach is when all stakeholders are considered, from manufacturers, investors, consumers, the environment etc.) I knew that if I were to pursue the t-shirt concept it would be in a sustainable manner. I hadn’t decided at that point to what extent I wanted the concept to give back, but I knew that a large portion of proceeds would be in some form used to help those in need, and recycled items and fair trade products would be used whenever possible.

Before jumping coasts to Cali, I stopped in NY to reconnect with some friends. I had the opportunity to meet Melissa with an introduction from Fabian. Melissa and I had a quick brainstorm session where we tossed around a ton of ideas. On of the ideas we spent a lot of time discussing was this t-shirt concept, my enthusiasm quickly gained Melissa’s interest and we began blowing out the concept and ways to bring it reality. It was also during this meeting that the shirts gained the name “Holstee”, without hesitation, Melissa urged my to by the domain name that second, so I did. After witnessing Melissas enthusiasm I decided I would dedicate a good portion of my stay in Cali, to further developing the Holstee concept.

holstee prototpeI have never really been able to do things ‘casually’ or vacation when I know I have a burning idea. I began dedicating long hours to the concept. After working designing a variety of pocket styles and positions, with my grandma at the wheel of the sewing machine, we were able to create a some prototypes for testing; Velcro-pockets, buttons, no buttons, square bottoms, round bottoms, smaller, bigger, closer to the back, lower, just about every which way. (using a substance called “hem-n-bond made it a bit easier to cut out the sewing part and doing some quick ‘iron-on’ prototyping) It took a few sketches and about five prototypes and lots of great feedback from incubaker and friends, but then we landed on the design we ended up with today.

At the same time, while prototyping I was taking care of some legal and admin work needed. Normally I would have waited to deal with bureaucratic paper work till after the idea had proved itself, but I needed access to wholesale pricing, which required a sellers permit, and subsequently a business license, which required a bank account, which required a fictitious business statement and so on, and so on. I had also reached out to some talented creatives for help. Thierry, the creator of the Holstee logo, was introduced to me by Fabian. Thierry is a true visionary and has unique ability to foresee trendsetting designs. His pro-bono help was important to creating the Holstee image.

I began making frequent trips the fashion district in Los Angeles, getting comfortable with the area, meeting people, and trying to learn a little bit about the industry. I began procuring fabrics, and searching for a recycled line of shirts to use. I visited the Alternative Apparel showroom in LA, and new I found exactly what I was looking for when I saw their ‘Alternative Earth’ line of eco-friendly shirts. Partially made with recycled materials in fair working conditions, and the shirt was amazingly soft. The shirts themselves were about 4 times the average cost of other wholesale shirts in the market, but based on quality, comfort, there was little comparison.

I chose pocket fabrics based on color, and pattern. I was looking to find four different colors (red, grey, blue, green) each with their own pattern (polka dot, stripe, Hawaiian and plaid). Finding someone to sew on all the pockets was an adventure in itself, but as always going around and asking people is a great start. I was referred to one person/company after another and I followed up with each lead. Because I was actually having something sewn on to the shirt it required a prewash to ensure that the shirt would not shrink more than the fabric. Since I was in a rush to get the shirts into production I took them to the cheapest Laundry mat near my sisters apartment. It was a wash-n-fold on La brea. Upon pickup the laundry men and I started speaking and they mentioned someone who may be able to help with the pocket sewing. I after getting over the language barrier I brought my shirts and fabric just north of LA. After some minor delays I was able to pick up the completed shirts about two weeks later. Just enough time to pack them in a box, as I prepared for my flight to move to New York City. I spent some time my first day in New York, locating a silk screener. A few days later I carried my 50 pound box on the subway and to the Fort Hamilton stop where the Silk Screeners were located.

holstee photoshootIn the meantime Mike and I began organizing some thoughts for a photoshoot once the shirts were complete. Mike contacted Jenny, a friend and photographer. With Jenny’s AMAZING help, in a little over a weeks time we were able to organize a photo shoot from concept to event. The outcome was mind-blowing. We had close to a dozen professional models, a hairstylist, a make-up artist, two photographers, a video-grapher, three different sets, professional lighting, fun friends, and a whole lot of bagels. The best part was, because of the cause everyone participated without payment. It truly is inspiring to be surrounded by so many individuals passionate about working together to help create a greener and more united globe.

Holstee is currently working on a complete website redesign courtesy of a new friend, and graphics guru, Tom Hammer. We have partnered with Kiva as a beta member of their new team lending program – where Holstee will be lending 100% of their proceeds, allowing all shirt profits to make a full cycle and empower dreamers in third world countries for a future outside of extreme poverty. There will still be a lot of growth and developments happening with Holstee, but I thought it necessary to get a rolling story going. It has been a remarkably educational and exciting experience thus far, and I am positive I will look back on it with great pride and satisfaction.

There is no reward for an experience greater than the value of the experience itself.

incubaker alfa mode

a while back i mentioned that i was starting to work on incubaker. it has recently mad some serious accomplishments and i wanted to include the peice below marking the true beging of the concept. below is the original email i sent to thianh a couple months ago while i was still in ny.

the OE: original email
i kind of wanna start “incubaker”. its an idea for a think tank organization, half start up company, half consulting company half venture company, half M&A, half investing, half trust. a lot of halves, and i dont have any real skills to contribute to any of the above. but i want it to focus on the team. everyone i meet that has special talent i wanna add them to “the incubaker”. or once large enough people will apply and pay membership to incubaker.benefits of incubaker: people in incubaker will be notified when any other member of the group has an idea. they can get and give feedback, or request or offer for people to join there project team, or ask or give money. all in an organized and documented fashion. people in incubaker invest time or money. they are on the cutting edge of new innovations in any induyry that is member base encompasses. i does not even need to be a new innovation.incubaker could have a project team that is looking to rent out cabins in maine for the summer. if 5 guys wanna get together and pool there money. basically it is a combination of skills, money and time, maximizing everyones greatest contributions. whats ur reaction?

it starts [here is the first entry on the incubaker blog]
incubaker. the birth of an idea that was dreamt of in the worlds greatest lab, or should i say lav. the name really came first as i was in a domain name frenzy. i knew the idea would revolve around a think tank concept. for some time know i wanted to come up with an idea that met the basic human wants, rather than needs.

here are what i like to call the ‘truisms’. in reality none are really facts and most are far from being the comprehensive truth. but they are observations, and i like the word truism. so here they are: 1. people like to be a part of something2. people usually dont like their day job3. people are always looking to make money3. people like risks4. people enjoy having somthing to do5. people work best for goals6. people are tired of being caged by corporates.

two movies that exemplify the truisms: ‘fight club’ and ‘old school’in addition, the entire lucrative concept of religion serves as a good example of what people do as a result of the truisms.

current incubaker update:
me thianh and rob are making great progress. the site is up and fully functional. we have a general concept of the schematics, and legal neccesities, and we are jiving incredibly as a group. i have big aspirations for incubaker…

odd:jobs

random jobs i have had. in random order.

qc2 (warehouse laborer)
osteoporoisis and arthririts center (basement filing)
babysitting pool cleaning
nu law library (computer guy)
garden grill (dishwasher)
nu mailroom (deliverer)
nu ra
broadcom (fin sys intern)
scotia capital (deriv marketing analyst)
affiliated timeshare resale (telemarketer)
snow shoveler
architecture firm (intern)
cat sitting
nu cardswipper
cds
beanie baby seller
eyalo
incubaker

the scotia

Since the day I moved to NYC I knew I would type up some sort of recollection of my experience. I kept putting this blentry off, but to not include it in the tracker would be mistake and misrepresentation as it definitely had an effect on my life. It started with job interview for co-op jobs offered in NY and ended with a greater social network & understanding, much more technical knowledge, and a new appreciation of life creativity and indulgence.

I thought I bombed my first interview with credit suisse, I was nervous and lost myself in the interview, letting the interviewers ask me all the questions. (I later found out that I did not get the job because the company doesn’t hire first year co-ops.) devastated by my rejection, I began to analyze what I had done wrong in the interview, and I realized I wasn’t having enough fun, I need to just relax, have fun and discuss with them why I would be a good fit. I asked provoking questions and effectively interviewed them. I was offered jobs at UBS, cohen brothers, and scotia capital. Based on location and job description I accepted the job at scotia. The interviewers from scotia (paul and allison) gave off a very professional image.

I went to ny for a two day training overlap with the previous co-op, Katarina (a coincidentally a student from ESB). Scotia flew me out to NY and put my up in the Hudson Hotel in NY. The two days were crazy overwhelming, information overload. This was on top of the fact that it was during my finals week at Northeastern.

The first few months at scotia were some of the most overwheliming of my life. I made mistake after misktake and it seemed to me a never ending stuggle.

 

here is a quick characterlist of the people at scotia:

barry: the boss. reminded me of a sports coach from usy basketball or something. not technically savy but a sick business man. tomczak: veteran on the desk. had actually trained barry back in the day. fun guy, had a very laid back attitiude. paul: reminded me of what i would work like if i were his age. full of energy and he came up with clever ideas. he stayed young in spirit and took days off work to chill on his boat. bagnarol: newer member of the desk. friendly guy but he made me stay tooo late working pitchbooks. millie: tough guy, his first reaction is always negative. he had a tough shell but secretly had one the best senses of humor on the desk. wooo-wooooo. annie: my direct supervisor, i learned a ton from her. she was tough but always fair. she also worked really hard. perhaps too hard. sasha: worked on the desk at the begining for about a month. he was a trainee from Toronto. I learned a lot about the bank and personal equity trading from him. he was a great guy.

in addition to my regular work at scotia, during the first couple months i was working very seriosly on eyalo. (Eyalo was the limited partnership following the buzz resume idea. [a virtual online resume idea]) I had been putting lots of time into writing the business plan inside and out of work. wihtout realizing i had been slipping at my job at work. i was completing all of my tasks but i wasnt giving it 110%. I was finishing my work quickly but not proofing it. i had a mini epiphany one day and i realized how great the opportunity in front of me was, and i had to take advantage of it. i began to focus on my scotia work, firguring out WHY i was doing what i was doing and understanding the concepts beyond the scope of my position. by about 3 or 4 months into the co-op i gainied a solid grasp of what was going on. i understood the major economic developemnts and the effect they would have on rates. By the last couple of months i was kicking some serious butt. also note: that since the realization point i started wearing a tie to work. wearing the tie, i feel had a serious impact on my work, and it let others know that i was serious about my work. even members in other groups got to know me as the kid who wore nice ties. but the end of the co-op i no longer disliked the environment or the job, in fact i was a little sad to leave. I was able to complete my work quickly and accurately, i was compfortbale with the topcics an di was able to think beyond the required fundamental concepts. to this day when the phone rings and my first impulse is to answer quickly with my customary “scotia capital, this is david…”

this is business

MY HEART IS FOR FAMILY, MY BRAIN AND MY BALLS ARE FOR BUSINESS. THIS IS BUSINESS

::cinderella man::

i thought of the basis for a new idea today, ‘the incubaker’. its incredible how invigorating a single idea can be. you can be slaving away at a keyboard doing work, but just knowing you have that idea in the back of your head makes you feel like a million bucks. I have more or less decided the buzz idea, later known as eyalo, is a lost cause. i dont think the market will embrace it, unless by sheer marketing force. a force which requires serious managment and a bottomless pocket. the concept while decent and well developed didnt tap into what people really wanted, it relies on what people needed. eyalo relied on peoples need for a job. many, including me about 1 day ago when i convinced myself otherwise, would argue that an individuals needs are far more reliable as source to tap into as opposed to wants. but i have come to realize that wants have a more controlling impact in todays narcissitic society. whether right or wrong, many people have diverged from our caveman instincts of meetings our basic needs and we feel the right to over indulge well beyond our needs. this is best seen through the overwhelming amount of debt in todays socitety. people want more than what they can afford. they want beyond there needs and they are willing to disregard the negative impacts of the future to take advantage of the present. the bonus of incubaker is it allows for a positive embrace of peoples wants. it encourages growth within peoples passion and creative ideas. it gives people a reason not to waste away in the hours after work. it provides an escape from what seems like the limits of reality and acts as a gateway to area where peoples creativity and open-mindedness are the respected and there title and salary are disregarded. of course the social benefit of helping the lone soldier escape from his cubicle is distant if to exist at all, however the benefit to the select few who become memebers of the core and extended team will be soon realized. this is the dream of incubaker. this is business.

sidetrack: stowboard

this thought comes as an amendment to ‘everything off’, a sidetrack further discussing the stowboard which rocked my world for all of month before it failed the durability test, aka my roomates exessive jumping on it. in any case the story of stow: i have always thought a folding skateboard would a fantastic idea. so i decided i would build one. but before invested my time an money into building one i decided i would score the internet for one that already existed. and low and behold i came across a product that i could not have designed better myself with just about every feature well designed and implemented, i was so pyched about the product i contacted that manufacturer/distributer, and spoke to him about resaling the product at retail….so it seemed. the board folded to the width of a piece of paper and, and when extended its large front wheels man-handled any obstacles in the road. the most unique aspect were the cone shaped wheels in the back of the board that allowed for some serious street carving. after about a month of enjoying my toy, it began to not ride as well as it did on purchase. to make a long story short i bought new bearings, board still didnt ride right and i went back to walking to the subway stop. then i went back to my original skateboard from highschool [upgraded with 65s] and the ‘everything off’ story continues.



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