Rick Segal will play a big role in my next book, based on the fact that he is providing the ways and means for me to take this world tour starting three weeks from now. I have known him for a longf time, but I have not known him well. I thought I'd interview him as I do so many other people when preparing for a book.
A Bit of his background: He's from Connecticut, and now lives in Toronto where he is a general partner in JL Albright Venture Partners, a venture firm with a pretty diverse portfolio. He's done four-year stints in both the US Air Force and Microsoft where he was director of technical services for the Internet Customer Unit. He also was president and CEO of Microforum and ebusiness solutions company that went public.
He has written four books on network management and software development and he sits on several boards.
As you can see by his answers to my questions, which are published below pretty much verbatim, he his not the gabby type. He is not without a sense of humor, as readers of his blog, The Post Money Value will tell you and, as he reveals in this succinct Q&A below, he is not the gabby type.
1. When did you get the idea for this upcoming world tour?
Two years ago, I thought about going around to various places to see if all this technology and progress in North America had any trickle down effect with the rest of the world. the wandering evolved from there.
2. What do you expect to learn or accomplish by taking this trip?
I have no idea. I'm in listen, watch, and (hopefully) learn mode. I have no pre-set ideas nor am I looking for specific investment opportunities rather I'm working on various thesis points about the world being more connected and the impact these connections will have on business, technology and the global economy.
3. Why did you approach me to join you on this journey?
You've been around a lot and have lived in Silicon Valley for a long time. It made sense to get another set of eyes and ears to filter the results of the trip.
4. You have admonished Silicon Valley, particularly it’s venture community for arrogance, for seemingly believing it is the center of the universe. Why is this? Do you think that SV venture is less important than it was five years ago?
I have actually not admonished SV nor really made a big deal about the valley's center of the universe attitudes rather I've been trying to make the point that I believe there is life on other planets, so to speak. I don't think the venture capital money is less important at all, rather has a different place in the ecosystem.
5. Champions of Silicon Valley see it as the world’s best ecosystem for tech startups. In your view, is this still true? Was it ever true?
It is one of the better places because of the quality of schools, the number of successful people who hung around and seeded others to be successful, and other reasons. Again, I hope that other places can begin to build/grow these required ecosystems so we begin to see {more] centers of excellence springing up around the world. It will be very hard to ever 'beat' Silicon Valley, but i don't think that is required. Boston, to name one example, does pretty good.
6. How has the connected world changed the opportunities for entrepreneurs in remote locations?
In the old days, so to speak, it was very hard to get a voice or have that voice heard. That is the single greatest barrier to entry. Today, a free blog, or a good service/idea, can get noticed and can take off. This very quiet, simple and very powerful notion is the key.
7. Has technology made geography so irrelevant that a start up ecosystem can be global, rather than local?
No. Most things start local and ecosystems most likely will start local and grow beyond physical borders.
8. How do you see investment opportunities changing because of the connected world?
Companies have to think globally from the perspective of resources, customers, etc. This is important because with technology and a global infrastructure, making it big might mean making it big in the UK, New Zealand, and Canada for your first 10 million vs. the old days of having to have a hit in the US before even thinking about expansion. It changes the rules.
9. What is the best business idea you have heard in the last year?
I'm working on them right now. Shhhh...
10. What should I have asked you, but did not?
Briefs not boxers.