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We Owe A Debt of Gratitude to the Innovation Innovators

•August 26, 2015 • Leave a Comment

The more you know, the more you realize you don’t know.

After 6+ years of being heads down with Bloom.com, I’ve spent the past several weeks getting re-engaged with the Omaha Startup Community. I’ve been sitting in on pitches and presentations by Straight Shot incubator companies, attending 1 Million Cups weekly meetups, breaking bread, having a cup of java, or a barley malt with consultants, executives, innovators, angel and venture capitalists, reconnecting via email and LinkedIn, and chasing down the internet gopher holes trying to sort out the various players.

I know less now than when I started. Nevertheless, I can only say I’m literally blown away by how much the startup community has matured in such a short time.

There is more activity than ever before. Certainly, there is a plethora of innovators and ideas, including everything from turning your dog into a beer drinking buddy to improving patient care. More importantly, however, is they’re being set up for success like never before. There are a variety of startup incubators and accelerators where they have access to resources, mind share, and mentoring tailored to their needs. Furthermore, the talent pool has markedly improved. This is partially attributable to the fact that Omaha isn’t such a fuddy-duddy town anymore. In addition, there is available staged capital for those with the right ideas, passion, and execution.

What’s different is the culture. All of this activity…it doesn’t look forced. I don’t mean people aren’t working their tails off (they are). What I mean is, it seems natural. 10 years ago, companies that succeeded did so in spite of being in Omaha. Today, companies will succeed because they are in Omaha.

We talk about the successful innovators, those founders of the companies that arrived at the shaft of the hockey stick. We applaud them, and rightfully so. But we neglect to shine the light on the innovation innovators. Those who looked at Omaha 10 years ago and said, “we’re going to change this startup barren wasteland into a vibrant, thriving entrepreneurial community.” I hold my glass up high to those people (I’d say who they are, but I haven’t quite identified them all yet).

If you’re an innovator, an entrepreneur, never has the opportunity been greater for exploring your passion in Omaha than it is today.

If I Write A Blog And No One Is There To Read It…

•August 22, 2011 • Leave a Comment

I created this blog a few years ago and was fairly active with it in the beginning. However, I felt like the proverbial tree in the forest…was anyone hearing me? So, I set it aside. Although I had some important things to say, my life being consumed by work and family didn’t afford me the time required to maintain an effective blog. My life is still consumed, more than ever, by work and family. But, I can no longer stand idly silent.

I had been meaning to get back to my writings, especially with so much going on nationally in my three areas of interest (apart from my family): Finance, Technology, and Politics. In fact, I have a series of posts already written…in my head. I just need to get them down ‘on paper’ so to speak. My initial focus will be on politics. This is because I am absolutely dumbfounded at how our elected representatives have continued to make decisions and rationalizations that. Just. Hurt. My. Brain.

I will first provide my perspective on the debt crisis and related issues. I will also discuss the political shift that has transpired. To lighten the discussion, I might sprinkle in a few posts that aren’t quite so weighty.

By the way, I would be remiss if I posted anything today without paying tribute to my lovely wife, Noreen. It is her birthday today. She truly is a gem for putting up with me for all these years. I love you honey.

Glenn Custar

•April 8, 2009 • 1 Comment

In my tenure at America First Companies, I was exposed to technology and how it could facilitate process efficiencies (PCs were just becoming the norm). This was crystallized in my observation of our quarterly report process. Daily transactions were keyed into our accounting system. At period end, financials were printed from the accounting system and keyed into a spreadsheet program. Those spreadsheets were printed off and keyed into a MS Word document, the source for our SEC filings. The MS Word document was then printed off and used as the source for typesetting our printed reports to investors. It didn’t make sense to me that the same data was being entered four different times so I developed a process whereby data was entered only once, at the source. That was the foundation of my thirst for understanding technology and process re-engineering.

My position MFS Communications Company allowed me to quench that thirst. I joined Glenn Custar’s staff as part of the 60-person shared services organization in November of 1995. Continue reading ‘Glenn Custar’

Mike Yanney

•April 7, 2009 • 2 Comments

My first job as a college graduate (I worked full time throughout college) was as an accountant with America First Companies (now Burlington Capital Group). America First was, at the time, a financial holding company which formed various master limited partnerships that invested in real estate backed government securities, S&Ls, etc. I believe, by the time I left after eight years, it had grown to 13 publicly traded funds with over $2 billion in assets. The headquarters of America First was located in the renovated Burlington Railroad Headquarters on 10th & Farnam Streets in downtown Omaha.

Continue reading ‘Mike Yanney’

The Fab Five

•April 7, 2009 • Leave a Comment

I am fortunate in that I have worked with some truly remarkable people in my career.  At Ernst & Young, I worked with some of the sharpest people, as a group, in my career. The team at MFS Shared Services was exceptionally hard working and dedicated to the point it was not unusual to see people in the early days literally burning the midnight oil. I was fortunate to have an incredible staff at iSECUREtrac that excelled under difficult circumstances. I was spoiled out of the gate having joined an outstanding group at America First Companies upon graduation from college. Along the way, I had the honor of working with and learning from many outstanding individuals. There were five leaders, in particular, who greatly and positively shaped who I am today.

I will tell you about each of them over the next five days.

“The Peter Principle”

•April 3, 2009 • Leave a Comment

“The Peter Principle” is a principle formulated by Dr. Laurence J. Peter and Raymond Hull in their 1968 book by the same name. It is a humorous treatise which suggests that “In a hierarchy every employee tends to rise to his level of incompetence.” It is an interesting postulate that seems to, on occasion, ring true. Fortunately, in my own experience, it is more the exception than the rule. The irony of the principle’s name won’t be lost on those who truly know me.

Before I delve into the humorous anecdotes which are the point of this post, I want to state that I have had the great fortune of working with some truly outstanding individuals.

Continue reading ‘“The Peter Principle”’

Rambo, CFO

•April 3, 2009 • Leave a Comment

That’s what my lovely wife, Noreen, likes to call me. I’m not certain why, or even how she came up with that. I guess it’s a reference to my primary job responsibility and tongue-in-cheek allusion to how I get things done (sans the casualties). Let me try to explain.

Continue reading ‘Rambo, CFO’

 
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