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The views and opinions on this blog are those of the individual authors and do not necessarily reflect the views of Six Degrees.

Jen J

The value of giving back

Added 28 September 2009

 I have been contemplating a post on this topic for some time. Two weeks in Africa this summer, completely disconnected from the Internet (quite a perfect antidote to modern life), gave me lots of food for thought. The extent of ‘giving back’ that goes on across that continent is truly inspiring.

However, over the past week I experienced a now-familiar phenomenon at Seedcamp here in London – a programme aimed at supporting the entrepreneurial ethos outside the USA. And, let me tell you, the spirit of ‘giving back’ is alive and well within our own business communities too.

At Seedcamp Week, start-up teams from all over Europe and the Middle East compete to win seed funding for their businesses. Competitors’ days are peppered with meetings with investors, coaching from mentors, masterclasses on key topics, and time taken to continually evolve their own business thinking.

A critical component to the Seedcamp programme is the concept of mentoring. I have been a PR mentor at Seedcamp since it started three years ago, and I continue to get an enormous amount of value from the time I spend with both the teams and other mentors. [In the spirit of full disclosure, this year we also agreed to help out with the event’s PR … but that’s for another post].

So this year there were over 100 mentors who donated their time to advise the 22 start-up teams and offer insight on everything from product development, through growth strategies to marketing. Mentors are often high-profile, very successful people in their fields … so what motivates them to take valuable time out of the office in order to meet with these young, enthusiastic entrepreneurs, sharing the business knowledge that has probably taken years to build up?

Although I certainly can’t speak from the perspective of one of the many entrepreneurial ‘rockstars’ who are there as mentors, I can share my own insight as to why I do it. For me it comes down to this: you are only as good as what you share. By being generous with our time, our ideas and our own networks, individuals get a real sense of accomplishment, and if it works in the way that’s intended, the people we connect with get something out of it too.

Perhaps the motivation is ultimately selfish – isn’t there a little part of everyone that loves feeling like we can help short-cut another company’s success, by sharing the good, the bad and the ugly we have encountered along the way? Or offering basic insight on a particular skill or strategy that is core to our own business, but which might be completely new to a start-up business?

For instance, many first-time founders hear frequently about the importance of PR – but knowing what goes into a PR strategy, and when to start thinking about it can be very useful information to an early-stage business.

Sometimes it is difficult to be generous – particularly when you feel that it isn’t being reciprocated. But as a firm believer in ‘what goes around comes around’, I think there’s a benefit to all of us in continuing to nurture, support and encourage entrepreneurs in the UK and beyond, in whatever way we can.

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Submitted By Jen Janson

Comments:

re: The value of giving back

I agree with all that you say, and funnily enough what little I do, I find myself enjoying immensely...there are times when timing is a bit of a struggle, but it forces one to make things happen, and in doing so ups one's game.
Comment by: Harry Lyon-Smith on 29 Sep 2009

re: The value of giving back

I often think that in life we remember (and value) more what we help others achieve than what we achieve ourselves. I know I do.
Comment by: Teresa Horscroft on 02 Oct 2009

re: The value of giving back

I have been impressed by the efforts of successful people willing to give their most precious resource away for nothing.I am a firm believer in Kharma and I hope to help others to achieve their potential.
Comment by: Michael Conway on 02 Oct 2009

re: The value of giving back

Most of us live in a privileged world. We have learned that we are paid for what we do in our jobs. Does this make us happy?? No, but it makes us happy, when people show their gratitude. So doing something for others for free, helping out, sharing experiences - without expecting any gratification - gives us the chance to earn a smile or nice words. And this might be the important moment of the day we are reflecting while driving home at night.
Comment by: Christoph Schwartz, Germany on 05 Oct 2009

re: The value of giving back

Completely agreed - and in fact this is exactly the ethos behind Skills Venture (http://www.skillsventure.com). It's been set up to enable business people in the UK and elsewhere to share their business skills with entrepreneurs in Kenya, for as little as a week.
Comment by: Will Snell on 14 Oct 2009

re: The value of giving back

Thanks for the comment, Will. I love what you guys are doing. It's so difficult for so many people who want to 'give back' in other parts of the world to think about leaving real life for many weeks or months. Skills Venture makes it so much more accessible. I wish you every success.
Comment by: Jen Janson on 16 Oct 2009

re: The value of giving back

Great post! I love giving back and I find I get as much value back as I give. I even dip into the levels of MBA schools to share the experiences I come across as I help entrepreneurs action their vision/dream & mission/purpose. The way I look at it, why should entrepreneurs, or embryo-entrepreneurs, make the same mistake their colleagues made when the information is relatively accessible. The practices that need to be put into place are relatively logical and it's just a matter of adapting experiences to particular cultures or situations.
Comment by: JC Duarte on 27 Oct 2009

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