Wednesday, February 12, 2020

Shadrach White:

Shadrach White is the entrepreneur who spoke to us about some of his past and present endeavors. His "don't be afraid to fail" approach seems (on the surface) very different than that of the speaker who visited us on the previous class period. This was further tempered with "failing sucks but" we should see it as a part of a learning experience. Where they do share similarities is in that they are both involved in emerging markets. I call this an emerging market because while government contracts are no new thing, the legalized sale and distribution of cannabis is Mr White spoke to us at length about past projects before showing us his pitch deck. He runs a company called CloudPWR which is currently seeking local government contracts involving software solutions pertinent to the sale of legalized and medical cannabis. He showed figures for projected growth as well as explaining why his company is best positioned to fulfill the growth needed. The big take-away from his presentation were that success are largely dependent on  hard work and luck. He explained that he just happened to be in the right place at the right time to become involved in the legalization process in Washington state and that the direction that his business changed from there. Had he not been relentlessly seeking contracts at the time he was that opportunity may have passed him by. Though sometimes success seems to hinge on good planning and at other times it seems to hinge on luck, highlights the fact that hard work is required for both conditions to find purchase.

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