Ken Morse comes to Karachi

The MD of the MIT entreprenuership center passed through Karachi yesterday on his way to Islamabad. The MIT alumni in Karachi hosted a pre lunch chat with him at the Karachi Mariott.

Ken is one of the co founders of 3Com and is equally well known for the work he has done at MIT. His session ran for all of 60 minutes and if the audience had a choice Ken would have missed his flight to Islamabad. Snippets from the session

1. "Ask an executive recruiter to send you resumes of people who have gone splat on the windshield of life"

2. "Success is when careful preparation meets opportunity"

3. DAD <<< MBBB

4. A new venture team > 3k years in experience

5. Get a good finance guy to control and keep an eye on your numbers

6. A good idea needs no more than a single page to communicate

7. Who are your first 10 customers and how will you get to them

8. If you have had problems in raising funding, you are probably not ready

9. On failure: Ken asked how many people in the room would take out a failed entrepeneur for lunch once they knew that he had failed. The entire room raised their hands. Ken turns around and says "Now you know that you will not got hungry for atleast a month".

10. On parenting: Expect more of your children and be there for them when they fail.

11. On making universities in Japan more entreprenurial: Cut salaries of academia by 20% and free them for a day to work as consultants in the industry.