Busines 508 Leadership
BUS 508: Contemporary Business
Dr. Michael Hines
Assignment #1: Entrepreneurial Leadership
Submitted by: Aythea L. Jackson
Week #3 April 20, 2012
(1) Analyze and discuss the founding leader(s), leadership style, and major business principles of a profit-oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit. Dropcam has a cloud-based Wi-Fi based video monitoring service that integrates with almost any device. The San Francisco based company was founded in 2009 and gives companies such as Panasonic and Logitech competition. Greg Duffy co-founded Dropcam with the goal of building a camera that was simple to set up and allows you to watch video feed from anywhere in the world, from many devices. (Wang, Mommy Market 2012) The idea of the Dropcam was to enable parents to catch endearing moments away from their children such as the first steps, talking, etc. to take pictures and/or footage, share footage and also monitor of incidents/events taking place within the homes from locations near or far.
His goal was to create something affordable and user friendly, while not compromising video quality. The method was enhanced with his co-founder Aamir Virani, a skilled software engineer he worked with at a prior company. (Linkedin)
Duffy was asked during an interview “What have the most significant obstacles been so far to building Dropcam?” His response; “We have been confident in how we have gone about building and developing Dropcam. If we could do it over again, we would build the product and hire the people first. Building up the team as soon as possible is the key as a startup. All the people we want to work with are here now, but we wish we pushed for them earlier. Lesson learned: as you find good people, bring them in as fast and as early as possible.’(Word to Your Mother, March 2012) Duffy went on to inform the interviewer that he learned that lesson a little slower
Dr. Michael Hines
Assignment #1: Entrepreneurial Leadership
Submitted by: Aythea L. Jackson
Week #3 April 20, 2012
(1) Analyze and discuss the founding leader(s), leadership style, and major business principles of a profit-oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit. Dropcam has a cloud-based Wi-Fi based video monitoring service that integrates with almost any device. The San Francisco based company was founded in 2009 and gives companies such as Panasonic and Logitech competition. Greg Duffy co-founded Dropcam with the goal of building a camera that was simple to set up and allows you to watch video feed from anywhere in the world, from many devices. (Wang, Mommy Market 2012) The idea of the Dropcam was to enable parents to catch endearing moments away from their children such as the first steps, talking, etc. to take pictures and/or footage, share footage and also monitor of incidents/events taking place within the homes from locations near or far.
His goal was to create something affordable and user friendly, while not compromising video quality. The method was enhanced with his co-founder Aamir Virani, a skilled software engineer he worked with at a prior company. (Linkedin)
Duffy was asked during an interview “What have the most significant obstacles been so far to building Dropcam?” His response; “We have been confident in how we have gone about building and developing Dropcam. If we could do it over again, we would build the product and hire the people first. Building up the team as soon as possible is the key as a startup. All the people we want to work with are here now, but we wish we pushed for them earlier. Lesson learned: as you find good people, bring them in as fast and as early as possible.’(Word to Your Mother, March 2012) Duffy went on to inform the interviewer that he learned that lesson a little slower
References: Streamed Interview of TechCrunch.com/2012/1/16 (From the Computer and Electronics Systems International Show 2012)