Monthly Archives: July 2013

The Power of Alumni

Author: Stacey Deutsch Shoer, C’89

I have been the Chair of the Miami Alumni Interview Program for the last six years or so. Last year, two new volunteers joined our group. As I met them to discuss the interview process, we discovered that we had all attended the same high school.

When Danny Lafuente , C’10, and Wilfredo Fernandez, C’09, met in middle school at Ransom Everglades School in Coconut Grove, Florida, they could not have imagined that within a few years of graduating from Penn they would have a start up- The LAB Miami.

A number of both Penn and Ransom alumni sit on the LAB’s advisory board, and also serve as the main investors, in addition to the support from the John S. and James L. Knight Foundation, led by Alberto Ibarguen, L’74. The Penn investors include Faquiry Diaz Cala, W ’97.

“The LAB Miami is a 10,000 square foot collaborative space for innovative entrepreneurs in Miami’s Wynwood Art District. The LAB Miami is a startup focused on providing an interactive space to learn, act, build, and create under the guidance of experienced mentors combined with an educational curriculum to foster collective inspiration and entrepreneurship ecosystem,” states one such investor.

In the photo from left to right: Wilfredo Fernandez, Mack Shoer, and Danny Lafuente.

In the photo from left to right: Wilfredo Fernandez, Mack Shoer, and Danny Lafuente.

According to a press release, “The campus is seeding a diversified mix of tenants that include tech start ups, programmers, designers, investors, serial entrepreneurs, non profits, artists, and academics to create a dynamic environment.”

Co-founder Fernandez says, “We are building a platform for innovation exchange, a place to learn from the best, act on your inspiration and build great companies.”

The LAB space has been used for Penn Alumni Club sponsored events, board meetings, and hosts a weekly farmers market which is part of the Youth LEAD Miami program, run buy fellow Penn alumna Erin Healy, C’00, who is also an alumni interviewer.

The possibilities are endless. Lafuente and Fernandez expanded to include an intern program that follows the same model of innovation exchange, learning, mentoring, and inspiring. Naturally, many of their interns are from Ransom Everglades School, including my son Mack, who will be a high school senior this fall as well as summer interns who are currently Penn undergrads.

The power of alumni is amazing as the friends use both their high school and college relationships to find investors and mentors for this hot new start up. As my son and his high school buddies work as summer interns, they are also finding a collective inspiration.

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Social Networking at Ivy Plus

Author: Lisa Marie Patzer

During the Ivy+ AR conference last week, there were many wonderful Tweets about events, campus, and social activities.  One Twitter user from Cornell University, Keith Hannon, was very creative with his spin on Philadelphia History and Benjamin Franklin. Here is a sample of his creative Tweets.

Screen Shot 2013-06-28 at 1 03 46 PM Screen Shot 2013-06-28 at 1 04 18 PM Screen Shot 2013-06-28 at 1 04 31 PM Screen Shot 2013-06-28 at 1 04 49 PM Screen Shot 2013-06-28 at 1 04 59 PM (2)

Other great participants on social media were Jennifer Cunningham (also from Cornell), Christine Tempesta (from MIT), and our active internal Penn staff, Casey Ryan and Kiera Reilly.

To see more social activity from the conference, check out the Storify created after the event.  Or search the hashtag #ivyplusar on Twitter and Instagram.

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Leading Change

Author: Molly Rand, GEd’13

Can leadership be taught? Is it natural or acquired?

Last Wednesday, during our first day of the Ivy Plus conference, attendees listened to Wharton Professor Michael Useem explore these questions and discuss the characteristics of a great leader. According to Useem, for most people, the skill of leadership is actually acquired. Useem is the William and Jacalyn Egan Professor of Management; Editor of the Wharton Leadership Digest; and the Director of the Center for Leadership and Change Management – so he knows a thing or two about leadership.

A primary focus of the day’s lecture was about leadership during times of change. According to Useem, good leaders do the following things during these times:

  1. Honor the room
  2. Remain both optimistic and realistic about the future
  3. Maintain a team environment – “we are all in this together”

To test out the audience’s ability of putting knowledge to practice, Useem called up one fellow conference attendee from MIT to engage in a leadership role-playing exercise. Robert, shown below, did a fantastic job as he took on the role of a new CEO leading a company merger. The company that Robert was hypothetically taking over had thousands of concerned employees, all fearful of what this change meant for their future.

Throughout this exercise, Useem reiterated the importance of two key elements that any leader in this position would want to achieve with his or her new employees: “you want them to work harder, and you want them to stay.” To do so, one might revisit Useem’s three-step check list above.

I’d like to recognize Robert from MIT for giving one very convincing, and entertaining, performance!Useem with Robert - picture 1

In closing, I will leave you with a final quote from last week’s talk on Leading Change

“Many people ask: is leadership an individual or team sport? My answer is YES.” – Michael Useem

Useem - picture 2

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