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I just completed my seventh Patriot Boot Camp, presented by Techstars. PBC is a non-profit backed by the Techstars Foundation that my wife Amy and I have volunteered with for the past 5 years. While she is part of planning events, I focus on speaking and mentorship. Business development is the topic I speak on and, whatever the stage of company, the veterans are always full of gratitude for the exposure and information they get from the weekend. By the end, I feel I should be thanking THEM. We always get so much more out of the event than we put into it.  

A friend of mine asked me once why I invested so much time and energy to support Patriot Boot Camp and the veteran initiatives surrounding it. I answered: Even though I am not a veteran, I do it because veterans make great entrepreneurs. At the most recent PBC in San Antonio I reflected on some of the key competencies of successful entrepreneurs we see here at Techstars and how veterans bring these competencies from their service to their new endeavors as entrepreneurs:

Fortitude to Drive Through Adversity

Building a company is tough and it requires tireless leadership. Do veterans have this fortitude to drive through adversity? Here is one great example. While speaking with Colin Supko, a former Navy SEAL Commander, I realized that his tours in Iraq and Yemen in conjunction with his intense training more than equipped him with the tools to drive through adversity. He is building a peer to peer marketplace (Patriot Listwhere safety is crucial. Identities are verified as part of a trusted personal network of buyers and sellers. 

Ability to Find Product-market Fit

Finding product-market fit is the first critical first step in building a successful company. Executing against an idea and finding product market fit will be no problem for Matt Lembright, a former Army Signals Intelligence officer at the NSA. He is currently building a platform (Enabld Securityfor us to protect our online identities across all of the solutions we use.

Building a Large Organization Around New Technologies

Ali Ahmadi is the co-founder at AirZaar Inc. I met him and was instantly convinced that he has what it takes to build a large organization with a strong operating discipline. His company has created a platform for managing data acquired by drones for surveying in the mining industry. Ali served over 8 years in the US Navy as a Drone Pilot with 650+ successful flights under his belt, and he managed multiple drone surveillance programs within the Department of Defense. This experience has led him to build technology infrastructure to manage drone data intelligence at a scale only done in the US Military. Now he is taking his experience and translating it to support industries like mining and construction.

 

The next Patriot Boot Camp is in Denver, Colorado on September 22-24. If you are a veteran entrepreneur, apply here. If you would like to learn more about helping out with this cause, you can find more info here.


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Dave Drach
Dave is the VP of Corporate Strategy at Techstars, building relationships between startups and corporates so they can prosper together. He has worked at the interface between some of the most innovative startups in the world and the largest corporate partners for over 20 years. At Techstars, Dave has built a wide variety of engagement models with companies like Google, Chase, Amazon, Verizon, P&G and IBM.