FYI- Not sure if this is getting through..Brian R. WeinbergNexus Global Operations Director, Nexusyouthsummit.orgMobile: 817.228.8011Twitter: @WeinbergSkype: BWeinberg09CONFIDENTIALITY NOTICE:This e-mail message, and any attachments transmitted thereto, is for the sole use of the intended recipient(s) and may contain confidential and privileged information. You are hereby notified that any unauthorized review, reproduction, use, disclosure or distribution is strictly prohibited. If you are not the intended recipient and have received this email in error, please contact the sender by reply e-mail and destroy all copies of the original message.---------- Forwarded message ----------
From: Brian Weinberg <brianw@nexusyouthsummit.org>
Date: Wed, Apr 22, 2015 at 2:43 PM
Subject: A window into green!
To: "buffett@stagen.simplelists.com" <buffett@stagen.simplelists.com>I am fascinated by this situation and thought ya'll might be too. All confidential for learning purposes please!I have been a fellow in a community called Sandbox since March 2012. It encompasses under 30 movers and shakers in their fields (from music to entrepreneurs to data science and beyond) from 40+ hubs around the world and asks the question "What if the leaders of tomorrow met each other today?" From TED curators to Instagram execs, this is a high powered and young group.It was structured as a business. The founders took a Swiss VC offer for a USD 2 million investment for a large but minority stake and board seats. There was a real business case with folks paying dues and companies like Georgetown or IBM wanting to pay a multidisciplinary team to consult for them. After three years after the transaction, the CEO presented a long term strategic plan to the board that most were agreeable to. The VC wasn't and somehow convinced one or two of the four founders to go along with a decision to oust the CEO and take control of the organization legally by pumping another 500k investment in. They wanted to restructure who was in the community and who wasn't based on a new criteria and be more top down (very blue). What followed was a massive exodus of the entire community just about ruined their investment.It felt like a Coup d'etat. Within a few hours, the entire community left the Facebook group and people with a range of skillets like graphic designers, governance experts, lawyers, media were preparing new logos, bylaws, legal action, and how to respond with a media rolodex that could easily put this on the front page of a Fast Company or Forbes. The lawyers decided against it.Since then the entire group has rebuilt itself with a new name, elections for leadership, town hall meetings to gather feedback (callers from around the world), and so on. Even the blog documents the process to be completely transparent and facilitate public survey: http://thousandnetwork.com/blog/Take a look at this Facebook feed where we decided whether or not to pay membership dues. Kinda wild. I'm sure this will be in HBR in a few years.Brian R. WeinbergNexus Global Operations Director, Nexusyouthsummit.orgMobile: 817.228.8011Twitter: @WeinbergSkype: BWeinberg09CONFIDENTIALITY NOTICE:This e-mail message, and any attachments transmitted thereto, is for the sole use of the intended recipient(s) and may contain confidential and privileged information. You are hereby notified that any unauthorized review, reproduction, use, disclosure or distribution is strictly prohibited. If you are not the intended recipient and have received this email in error, please contact the sender by reply e-mail and destroy all copies of the original message.