Posts Tagged ‘Wade Roush’
Last Saturday I took the famous Route 128 heading north from Boston for Maine for Christmas. Besides 20 minutes at South Station waiting for my Bolt Bus next week, Saturday was the last time I would be in Boston for sometime. Unfortunately, it wasn’t by choice. Early Thursday AM, there was an article from Wade Roush pushed lived onto Xconomy titled, Invent a Cool Clothing Company, Now Leave the Country – Fan Bi, Blank Label, and the case for the ‘Founder’s Visa’. Credit to Wade, it was a really comprehensive piece. He did a great job of giving Blank Label exposure which I had been hounding him about for a while. And he also drew attention to the #StartupVisa which I’ve been, sometimes anonymously, supporting. This post was an opportunity for me to respond, give insight as to what and who in Boston I will most miss, and talk briefly about the adventures for 2010.
Before anything else, I just want to say that I was overwhelmed by the response from friends, people in the Boston startup community, and the general startup observing public. I received a several calls of shock, loads of emails of support and a large twitter mobilization looking to help. It’s hard enough founding a startup, but being concerned about keeping visibility low to not set off any immigration alarm bells whilst trying to publicize an innovative, interesting consumer startup was difficult. I remember when our first major feature piece was published in Forbes, and I was waiting anxiously that there wouldn’t be anyone pointing and saying, what’s going on here. The reality about starting a company on a student visa are honestly very grey. I had reached out to Brad Feld and Vivek Wadwha, who’ve been incredibly helpful and are the real white knights in all of this. They campaign for something much bigger than themselves, receiving criticism and abuse, but understanding the greater importance. This was a post Brad generously let me include on his blog. [Photo: Sitting down with Brad Feld at MassTLC unConference in August]
There’s a lot about Boston that I will miss, my girlfriend Caryn, my close friends from Babson and Olin college, the Dart Boston community, and the other young Boston entrepreneurs, 8 of whom I highlighted a few articles ago. More than just the people, it’s what the people represent, and what the people believe. And that’s Boston is an epicenter of opportunity for smart, risk-taking, young people to do extraordinary things. There’s this real sense of a Boston revolution through human catalysts like Scott Kirsner and Bill Warner. It seems like I came in at a good time. Before I came to Boston, I found the idea of entrepreneurship interesting. A year before that, I was certain I wanted to become an investment banking superstar. I had done a year full-time in investment research in London, I had worked in Sydney for PricewaterhouseCoopers and Macquarie Bank, but for some reason I thought I’d look into this ‘startup thing’. I came on exchange to Boston, studying at Babson College, with an idea that customized clothing for the masses would be interesting. I didn’t know anything about scaling, high-potential, building a team, tapping a niche, online marketing, e-commerce, venture capital. Well I pretty much didn’t know anything about anything, except that if you asked me to price a stock, I could do it in four different ways. Boston, in that one year, taught me everything I know about startups. Admittedly it isn’t much, but it’s a long way from where I started.
[Photo: down the main strip in Shanghai, Nanjing Rd]
Where does the new year and beyond take me. Well I’ve always been fairly opportunistic, so I thought I’d take my early exit out of the country to spend time on the supply side for Blank Label. We’ve seem some interesting first couple of months growth and soon we’ll be able to do some interesting logistics plays. We will be disparate, but we always have been. As many friend know, without a car and being stuck in the Boston suburb of Wellesley for college didn’t make traveling very easy, i.e. the team worked from their places of convenience and we’d only see each other once every couple of weeks. It’s personally very exciting to spend time in Shanghai, my city of birth. So many people speak of the promise there, I can improve my Chinese, get better in tune with the culture, I’m sure meet some interesting people. For Blank Label, it’s going to be incredibly beneficial to have someone absolutely accountable out there. My mandate is to make our product better, faster and cheaper than what it is now, and I’m confident that is possible.
What happens after that? I’ve had a lot of lawyers reach out to me in the last week or so, and we’re working on strategies that give me some hope. But I’m not too anxious. I might stay in Shanghai a bit longer, I might move to Montreal and commute to Boston, I might spend some time back home in Sydney. I’ve been fortunate for a recent 22 year old to have had an exciting life traveling, living and working in different parts of the world, and now it’s starting a company on two continents. I’m excited for where the journey takes me. Please don’t be a stranger and do say hi along the way.