Austin Next Jason Scharf

Fostering connectivity within an innovation ecosystem is crucial for its ongoing vitality and growth. Often revolutionary concepts emerge from the most unforeseen origins. My guest, Elle Beecher, founded The Board Walks, where community and innovation unite through a simple yet powerful concept—a five-mile walk. In this episode, we explore this social experiment, examine how these walks serve as catalysts for creative collisions, and bring back the intellectual dynamism of Paris in the ‘20s.
 
Episode Highlights

Drawing inspiration from the 1920s Parisian cafe culture, Elle crafted The Board Walks to ignite creative collisions in Austin, offering a fresh, organic approach to networking.
Curiosity stands at the heart of Elle's vision; she champions the idea that bringing together inquisitive minds sparks deeper, more meaningful dialogues.
Though spontaneous in nature, The Board Walks are intentionally designed with playbooks and guidelines to foster genuine connections and fruitful discussions.
Overheard dialogues during the walks resonate with Austin's innovative aura, reminiscent of Paul Graham's "eavesdropping quality" notion from his 2008 Cities essay.
The walks serve as a platform for attendees to not only build professional relationships but also to delve into personal narratives and aspirations.
Given its success in Austin, Elle envisions taking The Board Walks to other cities, like San Francisco, while ensuring the preservation of its foundational values and communal essence.
What’s next Austin? “More creative collisions that will bring about Paris in the 20s energy.”
Episode links
 
Elle Beecher
Website: https://www.ellebeecher.com
LinkedIn: https://www.linkedin.com/in/ellebeecher
X/Twitter: https://twitter.com/ellebeecher
Instagram: http://instagram.com/ellebeecher
 
The Board Walks
Website: https://www.theboardwalks.com
X/Twitter: https://twitter.com/theboardtalks
Instagram: https://www.instagram.com/theboardposts
 
“Cities and Ambition” by Paul Graham

Sponsors 
Austin Private Wealth: https://austinprivatewealth.com/

Austin Next Links
Austin Next Website: https://www.austinnextpodcast.com/
Austin Next Twitter: https://twitter.com/AustinNxPodcast
Austin Next YouTube: https://www.youtube.com/@austinnext
Jason Scharf LinkedIn: https://www.linkedin.com/in/jasonscharf/

Innovation ecosystems thrive not just on groundbreaking ideas, but also on the stories that bring them to life. In this episode, I chat with Walt Maciborski, the main anchor for CBS Austin News and an Emmy and Edward R. Murrow award-winning journalist. We dive into Austin's tech transformation from its humble beginnings to today's mix of tech giants and startups. Our conversation also explores the profound influence of narratives in shaping Austin's tech identity and its promising future as a 'Technopolis.'
 
Episode Highlights

Walt's deep-rooted connection to Austin's tech scene dates back to the 1990s. From the Dell surge to the dot-com downturn, and now to today's groundbreaking startups, his journalistic journey gives him a unique vantage point on Austin's evolution.
Austin's tech landscape thrives with firms like ICON, Lazarus 3D, Focused Energy, Paradromics, Hylio, and Apptronik, showcasing a blend of innovation and real-world impact.
"In 'Tech This Out,' Walt highlights both vital and lesser-known tech stories of Austin, emphasizing engaging, uplifting coverage over adversarial journalism.
Narratives not only captivate but also attract investors and top-tier talent, driving a region's growth.
Media serves a twofold purpose in any ecosystem's narrative: capturing its evolution and simultaneously shaping its trajectory. The key is crafting stories that celebrate triumphs while critically navigating challenges.
What’s next Austin? “There's going to be an explosion here in the next year. I predict there's going to be a sense that we're not Silicon Hills. We're not the also-ran. There's going to be things coming out of Austin where they're going to say, ‘Wow, Austin Tech.’ The Austin Technopolis is its own thing. It's not something that's an also-ran or were trying to be in the shadow of Silicon Hills or Silicon Valley.”
Episode Links
 
Walt Maciborski
Website: https://www.waltmaciborski.com/
LinkedIn: https://www.linkedin.com/in/waltmaciborski
Twitter/X: https://twitter.com/waltmac
Facebook: https://www.facebook.com/WaltMaciborskiTV/

Sponsors 
Austin Private Wealth: https://austinprivatewealth.com/

Austin Next Links
Austin Next Website: https://www.austinnextpodcast.com/
Austin Next Twitter: https://twitter.com/AustinNxPodcast
Austin Next YouTube: https://www.youtube.com/@austinnext
Jason Scharf LinkedIn: https://www.linkedin.com/in/jasonscharf/

In this episode, we unpack the idea that innovation transcends the mere creation of new solutions. Through the lens of healthcare, and with insights from Dr. Isaac Turner, Co-founder and CTO of Curative, we delve into two key areas: how payment design can redefine user interactions, and the intricacies of diffusing groundbreaking innovations to ensure they're not only invented but also effectively adopted and utilized. While our discussions pivot around healthcare, the insights and challenges resonate across industries.
Episode Highlights

Curative pivoted from COVID testing and vaccination programs to a vision to reshape the health insurance sector, emphasizing patient-centric care and efficiency.
Central to Curative's approach is removing barriers to care. By eliminating copays, deductibles, and coinsurance for in-network services, and deploying non-clinical “care navigators” to assist members, they streamline the healthcare experience, encouraging patients to actively seek and manage their care.
The distinct paradox for insurers lies is benefits like preventative care. Immediate financial returns are minimal and might even accrue to competitors due to customer turnover, while overall they are better for the patient and long term plan fiscal health. 
Obesity drugs such as Ozempic/Wegovy and advancements like cancer liquid biopsies highlight the intricacies of the diffusion of innovation in healthcare. Success hinges on aligning the interests of patients, providers, and payers, ensuring these solutions not only penetrate the market but also become accessible, adopted, and effectively utilize.
Austin's dynamic growth, varied employment sectors, and a supportive healthcare regulatory backdrop made it Curative's prime choice as an innovation hub.
What’s next Austin? “We want to bring better benefits to more Austinites — expanding our footprint and getting the message out so that they can have zero-dollar coverage”
Episode links
 
Dr. Isaac Turner
LinkedIn: https://www.linkedin.com/in/isaac-turner-phd
X/Twitter: https://twitter.com/ihcturner
 
Curative
Website: https://curative.com/
LinkedIn: https://www.linkedin.com/company/curativeinc
X/Twitter: https://twitter.com/Curative
YouTube: https://www.youtube.com/@CurativeInc
Facebook: https://www.facebook.com/CurativeInc

Sponsors 
Austin Private Wealth: https://austinprivatewealth.com/

Austin Next Links
Austin Next Website: https://www.austinnextpodcast.com/
Austin Next Twitter: https://twitter.com/AustinNxPodcast
Austin Next YouTube: https://www.youtube.com/@austinnext
Jason Scharf LinkedIn: https://www.linkedin.com/in/jasonscharf/

In this episode, we dive deep into the AI wave and the nexus between academic research and commercial applications. Joining us is Risto Miikkulainen, an esteemed computer science professor at the University of Texas at Austin and AVP of Evolutionary Intelligence at Cognizant Technology Solutions. Together, we explore the journey to the current AI boom, delve into the era of digital natives, and assess Austin's pivotal role in shaping the future of artificial intelligence.
Episode Highlights

The recent explosion of progress in AI has been powered primarily by scaling up existing models with massive amounts of data and compute, rather than fundamental breakthroughs in new techniques.
Unlike previous waves of technology adoption, these AI tools were in the hands of consumers before the enterprise, allowing for more fearless experimentation. 
In a real-world example, Jason's nine-year-old son created nonsensical prompts in Midjourney, yielding fascinating results that facilitated creative thinking and provided unique insights into the AI. 
The integration of AI into educational platforms like Khan Academy, along with decentralized research tools, raises the intriguing possibility of fostering 'citizen scientists.' However, there is still an open question about how fully this vision could be realized. 
Risto's current work specializes in using AI to create 'digital twins' of patients, enabling precise simulations to test and optimize various treatment strategies for conditions like stroke and dementia.
UT Austin's new online master's programs extend its AI expertise globally while also potentially attracting more talent to Austin and aligning education with local industry needs.
What’s next Austin? “We have lots of faculty and bright students who are learning about AI. Austin has a thriving startup community that hopefully will grow as a result. And one more factor is the medical school that was started. There are great opportunities, even for these large language models and generative AI in that domain. Try to encourage the AI folks and the medical folks to get together and identify these opportunities. That could be something that becomes a strength in Austin and we can become a world leader in it.”


Episode links
 
Risto Miikkulainen
Website: https://www.cs.utexas.edu/people/faculty-researchers/risto-miikkulainen
LinkedIn: https://www.linkedin.com/in/risto-miikkulainen-ab43b9b8
 
Constant Therapy Health
Website: https://constanttherapyhealth.com/
Boston University Center for Brain Recovery: https://www.bu.edu/cbr/
 
AI Empowers Researchers to Bring Precision Medicine to Post-stroke Speech and Cognitive Rehabilitation

Sponsors 
Austin Private Wealth: https://austinprivatewealth.com/

Austin Next Links
Austin Next Website: https://www.austinnextpodcast.com/
Austin Next Twitter: https://twitter.com/AustinNxPodcast
Austin Next YouTube: https://www.youtube.com/@austinnext
Jason Scharf LinkedIn: https://www.linkedin.com/in/jasonscharf/

Why is Austin leading the charge as a beacon for creative minds and how are cities like it rewriting the blueprint for our economic future? Dive into this episode with Richard Florida, the trailblazer behind the "Creative Class" theory. As we explore Austin's magnetic pull and its broader implications for cities from Madison to Nashville, we'll uncover the intersection of traditional industries, tech-driven innovation, and the burgeoning global creator economy. 
 
Episode Highlights

Richard Florida developed the concept of the Creative Class to describe talented, highly skilled workers in technology, business, arts, and other innovative fields.
The initial spark for the insights, theories, and eventual book “Rise of the Creative Class” stemmed from questioning why graduates from Carnegie Mellon were opting to move to Austin over Pittsburgh.
Numerous heartland regions have the right foundation to adopt the Austin model, blending high-tech innovation in both the digital and physical realms. These cities stand uniquely positioned to bring together innovation, technology, and manufacturing revitalizing America's industrial foundation.
Austin and Nashville represent the next phase of the Creative Class evolution, emerging as pivotal centers for the burgeoning creator economy, characterized by a seamless blend of technology, music/culture, and digital storytelling.
What’s Next Austin? “I think Austin is part of this remaking of America around innovation and lifestyle, but with a real application to remaking our industrial base.” 

Episode links
Richard Florida
Website: https://creativeclass.com
LinkedIn: https://www.linkedin.com/in/richardflorida
X/Twitter: https://twitter.com/Richard_Florida
 
Richard Florida’s Books
Rise of the Creative Class
The Breakthrough Illusion
Beyond Mass Production
The New Urban Crisis

Sponsors 
Austin Private Wealth: https://austinprivatewealth.com/

Austin Next Links
Austin Next Website: https://www.austinnextpodcast.com/
Austin Next Twitter: https://twitter.com/AustinNxPodcast
Austin Next YouTube: https://www.youtube.com/@austinnext
Jason Scharf LinkedIn: https://www.linkedin.com/in/jasonscharf/

The startup ecosystem in Austin is experiencing a dynamic transformation, influenced by an influx of talent and marked changes in fundraising trends. Carta, an equity management platform that offers a distinctive lens into private market data, holds a unique vantage point to observe these shifts and more. Peter Walker, who helms Carta's Insights Team, joins us in this episode to shed light on the current landscape of US startup funding, the challenges of 2023, the intricacies of Austin's startup trajectory and its rising status as an epicenter for innovation and venture capital.
Episode Highlights

Carta manages cap tables and equity for 38,000 startups, giving them unique insights into startup fundraising, valuations, employees, and compensation. This data covers about 50% of US startup funding.
The fundraising environment in 2023 has been challenging for startups with activity significantly down from the 2021/2022 bubble, more down rounds and bridge rounds, though AI is an area still seeing excitement.
Austin has around 380 pre-seed startups on Carta, with 175 seed and 174 series A. The numbers dramatically decrease in later rounds as the region is still is a maturing market and Silicon Valley still dominates Series C and beyond stage companies.
74% of Series A rounds in Austin in Q2 2023 were bridge rounds, above the 44%-56% bridge round rate seen in other top regions, showing the high impact of the bubble on Austin startups.
Diversification across sectors is an advantage for Austin versus other regions more dependent on specific verticals like biotech or SaaS. This diversity makes Austin better positioned to withstand downturns impacting individual sectors.
Growth drivers like university talent, experienced angels, connector events, and an influx of talent from other regions position Austin for continued growth into a top-tier startup hub.
What’s Next Austin? “I don't get the sense that it needs to prove itself anymore as a great place for venture capital and startups. Now, what it has to do is double down on some of the deepening things that happen in places like the bay and elsewhere. Is there enough density of interesting people who are excited about hard problems that want to get together and talk nerdy stuff to each other? And I think that's the place that Austin is at now, where that's like the last bit of ecosystem you turn around and you say, there's so much new stuff happening here.”

Episode linksCarta & Austin Next Austin's Innovation Landscape 1H 2023 Review Slides
 
Carta
Website: https://carta.com/
LinkedIn: https://www.linkedin.com/company/carta--/
Twitter: https://twitter.com/cartainc
 
Peter Walker
LinkedIn: https://www.linkedin.com/in/peterjameswalker
Twitter: https://twitter.com/PeterJ_Walker

Sponsors 
Austin Private Wealth: https://austinprivatewealth.com/

Austin Next Links
Austin Next Website: https://www.austinnextpodcast.com/
Austin Next Twitter: https://twitter.com/AustinNxPodcast
Austin Next YouTube: https://www.youtube.com/@austinnext
Jason Scharf LinkedIn: https://www.linkedin.com/in/jasonscharf/