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Ali says healthy future includes entrepreneurs investing here
SYRACUSE — Holding a green marker, Nasir Ali makes two strokes to explain how the world works today. One stroke starts near the left bottom of the white board and rises toward the center. The second starts where the first stopped and curves down toward the bottom right. It is a pyramid and at the […]
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SYRACUSE — Holding a green marker, Nasir Ali makes two strokes to explain how the world works today.
One stroke starts near the left bottom of the white board and rises toward the center. The second starts where the first stopped and curves down toward the bottom right.
It is a pyramid and at the top are the giants of today’s economy, Apple, Amazon, Facebook, and Google. At the bottom are thousands and thousands of small startups that hope to be “the next Amazon.”
In between are companies that navigated the obstacles faced by startups. Their annual revenues reach $5 million to $10 million for a broad swath of companies, nearer the bottom than the top.
Moving up are companies that have sales 10 times greater, the pyramid is narrowing.
Above are the businesses that are doing $1 billion in annual sales and the pyramid is very, very narrow.
Ali, co-founder and CEO of Upstate Venture Connect (UVC), says that as companies climb the pyramid they help create workers and managers able to lead in today’s economy. The pyramid narrows as it rises, reflecting that companies disappear, either because they’ve been purchased by someone bigger, or they fail.
But even if companies fail, Ali says, the people within the firms still have the knowledge and skills they built up.
And if a company is sold, then the founders and others granted some ownership, are in a position to spur further growth. That healthy ecosystem gives other entrepreneurs access to capital and to advisers who can help them move beyond the startup phase.
Central New York isn’t there yet, he says, but it is moving in that direction. He points to fast-growing companies such as TCGPlayer.com, Terakeet, SpinCar, and Plowz & Mowz in Syracuse as well AIS in Rome, and Cheri Bundi in Geneva as key prospects for leading the region forward economically.
The goal is no longer to build a company that lasts decades, with factories and skyscrapers, he explains. Instead, fast-growing businesses build capabilities and gain value from the people within — largely college-educated workers.
When the company is bought or fails, what goes away may be the name, but what remains are the skilled workers. “You don’t buy the letterhead,” Ali says. “It’s the people.”
Those workers go forward or split off and add their skills to other companies, other companies that can grow quickly and create more jobs. “People that are working on the staff are totally capable of coming up with the next great thing,” Ali says.
What about those workers who don’t have the skills, education, aptitude, or the resilience to be part of a fast-changing, high-growth company?
There is good news for them, Ali says. High-performing, high-tech companies help drive economies by creating not just high-growth jobs, but what he calls “secondary jobs.” Think of those who work at companies that provide services to high-growth companies — delivery people, for instance. Ali says studies have shown high-growth companies create five secondary jobs for every direct hire while traditional manufacturing businesses only create two secondary jobs per direct hire.
Since 2010, Upstate Venture Connect has been seeking to connect entrepreneurs with resources to build high-growth companies. “We believe the isolation of Upstate communities from each other is a major barrier for startup founders seeking access to advice, talent, connections and early stage investment,” the organization says on its website.
That helps explain why upstate New York, with a population roughly equal to New York City’s, sees only a small fraction of the venture capital. Ali says New York City attracts about $1 billion to $2 billion in venture-capital investment every quarter. All of Upstate, he says, sees less than $50 million during the same period. “We’re basically a decimal point.”
Venture capital is a vital ingredient to high-growth companies, Ali notes. So are entrepreneurs who invest in and advise others. “They engage with other entrepreneurs as they are on the rise,” he says. “They instill a sense of paying it forward.”
Ali adds that while Upstate isn’t there yet, “the trajectory is definitely up.”
A recent survey conducted by UVC found that more than 100 business in the region were building scalable companies, that is, operations that can serve customers nationally or globally.
Survey respondents reported that scalable companies planned to triple their workforces in the next five years, and that most of the jobs they expected to fill would require a college education.
The survey also showed that scalable companies pay much better than those limited to local markets. “Average pay for scalable firms was $66,000 per full time employee (compared to $38,000 for firms with a local customer base),” according to a UVC news release earlier this year.
The prosperity that a successful entrepreneurial economy can create isn’t limited to dollars, Ali adds. Successful entrepreneurs not only invest in other growing businesses, they can help fund museums and symphonies and other social goods, Ali says. They also bring their experience to not-for-profits, creating “social good.”
“Entrepreneurs,” he says, “are our most precious resources.” ν
Upstate Unleashed Conference set for Oct. 2
Upstate Venture Connect’s annual Upstate Unleashed Conference and Venture Ecosystem Awards will be held Oct. 2 at the Oncenter in Syracuse. This year’s event, which brings together about 400 entrepreneurs from some of the fastest growing companies in Upstate, will feature keynote speaker Marc Randolph, a veteran Silicon Valley entrepreneur, advisor, and investor. Randolph has
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Upstate Venture Connect’s annual Upstate Unleashed Conference and Venture Ecosystem Awards will be held Oct. 2 at the Oncenter in Syracuse.
This year’s event, which brings together about 400 entrepreneurs from some of the fastest growing companies in Upstate, will feature keynote speaker Marc Randolph, a veteran Silicon Valley entrepreneur, advisor, and investor.
Randolph has been the founder of more than six successful startups, including Netflix. A mentor to hundreds of early-stage entrepreneurs, and an investor in numerous tech ventures, he is an alumnus of Hamilton College in Clinton.
Venture Ecosystem Award nominations are open for individuals or companies making an impact on Upstate’s venture ecosystem.
Awards are given in five categories: community catalyst, campus connector, magical mentor, ecosystem champion, and deal of the year.
Nominations are due by July 27. Nomination forms are available at https://uvc.org/awards-nominations-2018/
Marlboro Man Lassos Southwestern Jet
Surely you must feel safer after you recently read or heard that a Southwest Airlines pilot made an emergency landing to protect his passengers. This was after a passenger lit a cigarette in a bathroom. Yes, the pilot aborted a flight from Los Angeles to San Francisco. He landed at San Jose after the smoker
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Surely you must feel safer after you recently read or heard that a Southwest Airlines pilot made an emergency landing to protect his passengers. This was after a passenger lit a cigarette in a bathroom.
Yes, the pilot aborted a flight from Los Angeles to San Francisco. He landed at San Jose after the smoker and smoking were discovered. There was no suggestion the smoker was touching off a bomb in his shoe. We are left to believe that second-hand smoke — and the breaking of rules — was the horrible problem.
Upon landing, the smoker was handcuffed and marched off to jail. His fellow passengers were placed on other aircraft.
Whew, that was a close call. Imagine how damaged the lungs of those passengers would have been if the guy had lit a cigar? Why, the plane would probably have toppled from the sky.
Maybe like me, you hope Amtrak got the message. I am waiting for the Acela to screech to a halt at Podunkville, New Jersey — after another smoker tries the same dangerous trick.
Wait for it: “Greyhound passengers stranded in Kookamonga after fanatic lights up during bus trip. Bus being fumigated before EPA will allow it to return to service.”
Carnival Cruise ship returns to port after cigarette butt discovered in corridor. Passenger tells police she was so upset by discovery she nearly jumped overboard.
Notice to all guests of the hotel: All bedrooms must be evacuated due to the discovery of cigarette ash in a waste basket in one of our rooms. You will be relocated to another hotel during fumigation of this facility.
You get the message.
You should file the Southwest story in the same file as the “lingerie” incident from a few months ago. You remember. On a crowded elevator, a British prof was asked what floor he wanted. He mumbled “Ladies’ lingerie” and all hell broke loose. Other profs were devastated. Some wanted to drum the letch out of academia.
File it with various dispatches from the political-correctness front. For example: A Midwest university’s Inclusive Excellence Center cautions us about mouthing terms like “Soup Nazi.” Because this would mean we minimize the Holocaust. And whoa, dude, don’t you dare say “third world” or “thug” or “lame” or “man up” or “are you deaf?” You would have trod on the sensitivities of various innocents.
The New York Post’s Kyle Smith recently warned us of such political correctness. Don’t let them catch you saying, “blind spot” or “blind alley.” Or “crazy,” “psycho,” or “schizo.” One big university spent thousands warning students to never say something like “I took one look at the exam and wanted to die.” You see, suicidal folks would find this offensive.
As I suggested earlier, you might do best to file all this stuff together. Then bundle up the file and send it off to the Museum of the Absurd. Wait, Don’t go there. The word museum derives from a temple of the Muses. They were all male. Not allowed today. They were probably dirty old men.
Best to burn the file, I guess. And don’t tell anyone. After all, “fire” derives from the German “Feuer.” And that is uncomfortably close to Fuhrer. Which would dump you into the soup. You know, the Nazi Soup.
In your dilemma you might try to flee to Acapulco, to escape it all. Only to find yourself in San Jose. In a no-smoking zone.
From Tom…as in Morgan.
Tom Morgan writes about political, financial, and other subjects from his home in upstate New York. You can write to Tom at tomasinmorgan@yahoo.com. You can read more of his writing at tomasinmorgan.com
Politics is Messy, But We Need It to Solve Problems
Every so often, I jot down a list of the things that discourage me about our country. There’s the widespread disregard for our core values of tolerance and mutual respect, for instance. Or our declining national optimism. There’s wage stagnation, income inequality, a high poverty rate, failing infrastructure, inadequate health-care coverage, a dysfunctional Congress …
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Every so often, I jot down a list of the things that discourage me about our country. There’s the widespread disregard for our core values of tolerance and mutual respect, for instance. Or our declining national optimism. There’s wage stagnation, income inequality, a high poverty rate, failing infrastructure, inadequate health-care coverage, a dysfunctional Congress … You get the idea.
This is not really a list of failings. It’s a to-do list. How do we make progress on it? Well, I’ll tell you: politics.
American politics can be an inefficient, noisy, messy ride. But be careful before you condemn it and its practitioners, because alternatives like a chaotic anarchy or the brutal efficiency of a dictatorship are far worse.
In other words, if we’re going to attack the problems that concern us, we need politics: otherwise, our government would grind to a halt. The institutions of politics — the rule of law, elections, city councils, legislatures, and Congress — are the way we make operational a government of, by, and for the people. They are how we work together.
At its heart, politics is about searching for a remedy to a problem and building support behind that remedy. This is not to say that our system is even close to perfect. The list of things we need to fix is long.
Yet I worry that our disdain for politicians and the howling criticism aimed at our democratic institutions in recent years has so undermined confidence in the system that people have lost their trust in their fellow citizens, their elected representatives, and their institutions — in other words, in the very people, organizations, and core values that can get us out of this mess.
For all its fits and starts, its horse-trading and negotiating, and raw give-and-take, politics is also how we try to provide equal rights, civil liberties, and a fair shot at opportunity for all. Sure, we fall short of the ideal. But in a representative democracy, it’s the mechanism we possess to try to create a more perfect union.
It doesn’t do much good just to talk about the ideals or shared values of America. You also have to try to realize them on the ground, to pull them out of the complicated — and often self-contradictory — mass of popular longings and opinions and translate them into policy and law. For better or worse, politics is how we do this.
Lee Hamilton is a senior advisor for the Indiana University (IU) Center on Representative Government, distinguished scholar at the IU School of Global and International Studies, and professor of practice at the IU School of Public and Environmental Affairs. Hamilton, a Democrat, was a member of the U.S. House of Representatives for 34 years, representing a district in south central Indiana.

Pinckney Hugo Group has hired ALLI SCHOLL as a public relations account manager, and DEMITRIUS MCNEIL as an assistant account manager. Prior to joining Pinckney Hugo Group, Scholl gained experience in marketing and public relations at firms in Central New York, New York City, and Boston. She also previously worked as a senior communications specialist
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Pinckney Hugo Group has hired ALLI SCHOLL as a public relations account manager, and DEMITRIUS MCNEIL as an assistant account manager. Prior to joining Pinckney Hugo Group, Scholl gained experience in marketing and public relations at firms in Central New York, New York City, and Boston. She also previously worked as a senior communications specialist at Hill-Rom. Scholl has a master’s degree in public relations from the S.I. Newhouse School of Public Communications at Syracuse University and a bachelor’s degree in media studies from Hobart and William Smith Colleges.

McNeil has a bachelor’s degree in business analytics and marketing from the Madden School of Business at Le Moyne College.
ALEX WALSH was named new director of membership and communications at the Northeast Dairy Foods Association, Inc. He previously worked for Pinckney Hugo Group as a public-relations account manager, the Onondaga County Department of Transportation as a public-information specialist, and as a legislative aide to New York State Sen. John DeFrancisco. Walsh received his bachelor’s
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ALEX WALSH was named new director of membership and communications at the Northeast Dairy Foods Association, Inc. He previously worked for Pinckney Hugo Group as a public-relations account manager, the Onondaga County Department of Transportation as a public-information specialist, and as a legislative aide to New York State Sen. John DeFrancisco. Walsh received his bachelor’s degree from SUNY Oswego.
The Everson Museum of Art has appointed GARTH JOHNSON as the museum’s new curator of ceramics, a newly created position at the Everson, effective Aug. 1. He most recently served as curator of ceramics at Arizona State University’s (ASU) Ceramics Research Center. During his three years at ASU, Johnson curated a series of exhibitions that
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The Everson Museum of Art has appointed GARTH JOHNSON as the museum’s new curator of ceramics, a newly created position at the Everson, effective Aug. 1. He most recently served as curator of ceramics at Arizona State University’s (ASU) Ceramics Research Center. During his three years at ASU, Johnson curated a series of exhibitions that explored social activism, performance art, and collaborations with industry. He also oversaw ASU’s 3000-piece collection of contemporary ceramics, adding works by international artists. Prior to ASU, Johnson served as curator at The Clay Studio in Philadelphia and as associate professor of art and art history at the University of the Redwoods in Eureka, California. He received his MFA from the New York State College of Ceramics at Alfred University and his bachelor’s degree from the University of Nebraska–Lincoln.
JMT announced that MICHAEL D. FULLER has joined the firm’s Syracuse office as an associate with project management and project engineering responsibilities. He brings more than 14 years of diverse experience in the design, construction, and management of transportation infrastructure projects in the Syracuse area. Fuller spent close to 12 years in the NYS Department
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JMT announced that MICHAEL D. FULLER has joined the firm’s Syracuse office as an associate with project management and project engineering responsibilities. He brings more than 14 years of diverse experience in the design, construction, and management of transportation infrastructure projects in the Syracuse area. Fuller spent close to 12 years in the NYS Department of Transportation – Region 3 office in Syracuse, where he had several concurrent responsibilities. Most recently, he served in the office’s design group as chair of the regional structures asset management team that prioritized regional bridge and overhead sign structure projects; a structural design team leader, and project manager for capital program bridge projects; regional design group safety coordinator; and mentor for new and junior employees. Previously, he spent several years in the office’s construction group. Fuller holds a bachelor’s degree in engineering from Alfred University and is pursuing a master’s degree in engineering.
Hiscock Legal Aid Society (HLAS) has promoted AMANDA M. MCHENRY to supervising attorney of the family court program. She previously served as assistant supervising attorney in that same program. She started at HLAS as a staff attorney in May 2015. McHenry is a 2014 graduate of Albany Law School. HEATHER BEIRMAN has been hired as
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Hiscock Legal Aid Society (HLAS) has promoted AMANDA M. MCHENRY to supervising attorney of the family court program. She previously served as assistant supervising attorney in that same program. She started at HLAS as a staff attorney in May 2015. McHenry is a 2014 graduate of Albany Law School.
HEATHER BEIRMAN has been hired as a law assistant in the Society’s foreclosure prevention project. She attended Bryant and Stratton College to earn her associate degree in paralegal studies and graduated in April 2018.
JANELLE CASTNER joined the organization’s family court program as a staff attorney. Prior to joining HLAS, she served as an associate attorney at Carpenter Law Office, P.C. Castner is a 2011 graduate of Syracuse University Law School.
ALAN MCREYNOLDS is a law assistant in the firm’s appeals program. He graduated from SUNY Oswego in May 2018 with a degree in public justice.
Massage Envy of Rochester / Syracuse has hired ANDREA MANISCALCO as the customer-service manager at its Clay location.
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Massage Envy of Rochester / Syracuse has hired ANDREA MANISCALCO as the customer-service manager at its Clay location.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.