Suggestions
Scott McNeely
Product leader; founding team @ Epicurate (Techstars '24); cofounder Modern Adventure (Certified B Corp); VP Product at TripAdvisor; founding team and VP Product at Viator
Scott McNeely, a prominent figure in the tech industry, is best known for co-founding Sun Microsystems in 1982. As the CEO of Sun Microsystems, McNeely played a vital role in shaping the company's success in the field of computer technology. With a deep understanding of the complexities of the tech world, McNeely led Sun Microsystems to become a major player in server and workstation technology, revolutionizing the industry with innovative products and services.
McNeely's vision and leadership were instrumental in driving Sun Microsystems' growth and establishing it as a powerhouse in the tech sector. Throughout his career, he demonstrated a keen insight into market trends and a passion for pushing the boundaries of technology. Beyond his role at Sun Microsystems, McNeely has been involved in various ventures and initiatives aimed at advancing technology and entrepreneurship.
A respected entrepreneur and tech visionary, Scott McNeely continues to be a influential figure in the tech community, inspiring others with his innovative approach and forward-thinking mindset.
Highlights
Today's headline? "Epicurate sees promise in $36B destination luxury marketplace" **
I love the headline even if 'promise' is an understatement. What I see is a jaw-dropping, breathtaking opportunity in a colossal market that is deeply fragmented and deeply inefficient.
It reminds me of Viator in the early days when ‘tours’ were considered déclassé. Back then, nobody believed consumers would willingly book online for cooking classes or walking tours. Today? The sector is worth $157 billion annually.
It reminds me of AirBnB circa 2008 bringing room rentals — renting rooms in strangers’ homes!! — and later vacation rentals to the mainstream. Back in 2009 AirBnB revenue averaged $200 per week (yup, just two c-notes); last year's revenue was an impressive $190 million per week.
When both companies started their supply was offline, mostly crummy and mostly undifferentiated. Today the companies are category pioneers.
From my perspective, Epicurate sits at a similar inflection point. Like the early days at Viator and AirBnB, the luxury experiences marketplace is huge. And broken.
Our mission at Epicurate is to fix it and bring it to global audiences, educating and inspiring consumers as we scale.
We’re on a mission to help you, me, all of us, to deepen our connection with friends and family. Investing in our relationships. Celebrating together. Building lasting memories in our own spaces. That’s what Epicurate means to me. Because sitting around a beautiful table sharing a meal with friends and family, the stories and laughter flowing — these are truly the moments that matter.
** Read the full article in the Portland Business Journal (paywall): https://lnkd.in/gyepCCyP
In a startup, the founders’ role is to demonstrate the potential of a good idea. Founders are like explorers in an uncharted world of opportunities. Their job is to bring good ideas to life.
Along the way founders aim to solve actual problems and add real value. Then, if you’re a little bit lucky and a whole lot of working hard, maybe, just maybe, you’re on the path to creating a sustainable, scalable business.
It sounds hard. And most of the time success is elusive. More than 90% of startups fail. One in 10 fail after a single year; seven in 10 within five years. In rare cases founders possess the personal / professional toolbox to grow a business profitably. For the other 90% the typical outcome is outright failure; or some form of leadership needing to step back and hand over the reins to fresh-thinking professionals who focus on running a business like a business, for better or worse.
All of this has occupied my headspace the past few weeks. I’m on my own journey as a cofounder stepping back. I’ve spent six years helping to build a travel company from the ground up. That’s a lot of blood, sweat and tears invested in creating a successful travel brand, building the plane as we fly it, all while simultaneously navigating the shoals of a global pandemic.
Do I have regrets?
No. None that matter. None that would have me take back this glorious six-year wild ride.
I work not because I crave riches or recognition, but because I love what I do. My greatest professional joy is sharing my curiosity and wonder. Building platforms that inspire and engage. Doing hard things with people whom I admire.
Sure, there’s a sadness inherent in transitions. I have a sense of leaving something behind — something incomplete and unfinished, the bright spark of a connection that hasn’t yet caught fire. I hate that restless feeling of being perpetually on the verge.
It’s also a time of celebration. To honor our many accomplishments — Certified B Corp, 2022 FastCo Brand that Matters, 2021 Food & Wine "Game Changer", 2021 Condé Nast Traveller Readers’ Choice, 2020 FastCo "Most Innovative Companies" — and the team, coworkers, creators, talent, guests and friends who’ve generously shared their own passion and purpose. You have all inspired me.
I won’t lie: I’m also excited. It’s been six years since the path forward was unclear, unknown — where anything and everything is possible.
I love that feeling.
