Scott Lowe graduated from the University of Oklahoma knowing that he wanted to be an entrepreneur, but he didn't yet have an idea for a business. And even if he had imagined a concept or had a product in mind, he says he isn't sure he would have known how to start.
Scott is the type of graduate who is in demand. He studied engineering physics. He loves technology. He was a leader in OU's Center for the Creation of Economic Wealth. The center pairs students with private sector mentors and university researchers to work toward commercializing early stage university technologies.
Instead of going into the corporate world or graduate school, Scott took a different path.
Now a second-year fellow with Venture for America (ventureforamerica.org), Scott is part of a network of young, talented graduates who are embedded in promising startups in “nondestination” cities, such as Detroit, Cleveland, and Pittsburgh. He's working at Chalkfly, an e-commerce business that sells school and office supplies online, donating 5 percent of every sale back to teachers.
The bulk of Scott's day is spent on product development. His role is extending the functionality of the system.
“It's awesome,” he said. “VFA (Venture for America) probably isn't right for everyone. If you have an idea for a company and the technology lined up, then go for it. But if you feel there is more to learn before you start your first company, then I'm confident that VFA is the best thing for a graduate who wants to be an entrepreneur to do right after school.”
DID YOU KNOW?
Companies that were less than one year old, with one to four employees, have created on average more than 1 million jobs per year over the past three decades.