Of the two parties tonight during my fly-in-out of Sydney, 
StartupWeekend<http://sydney.startupweekend.org/>@ Fishburners was more 
happening than General Assembly's Birthday 
Bash <http://www.meetup.com/Sydney-Startup-Community/events/120578652/>(though 
lower in volume and lubrication. The reason? Understanding the 
difference between *how-how *and *know-what*. 

GA is basically the implementation arm of O'Reilly, a crash-course in web 
development or specific in-demand skills. This is due to a peculiarity of 
technology adoption. Often for years it could be an esoteric field (eg HPCC 
multiprocessor) then suddenly it becomes hot-hot-hot (multicore) when hits 
mainstream. Similarly General Assembly addresses the skills shortage (or 
more accurately business short-sightedness) in that if one technology 
becomes popular, then a bandwagon effect kicks in. Example was seeing Java 
ads asking for 5 years experience when it was only released a couple years 
old. So when a new tool becomes the in-thing, then because the early 
majority didn't invest in upskilling/training, they suddenly have to pay a 
premium for previously rare skills. This is where specialist dev training 
colleges come in, allowing their graduates with the *right know-how to be 
placed in companies*. 

But just because you know-how, doesn't mean you know-what. Though GA 
teaches a course in business, it can never replace the reality of building 
a business from scratch (aka school of hard knocks), the 101 things that 
books never highlight (like chasing creditors). Whilst 54 hours is not 
long, the mini-cycle of forming, storming, norming and performing gives 
participants mettle of each other and a esprit d'coup. I have professional 
reservations about beauty competitions but it does serve a role in the 
startup ecosystem in bringing together potential founders in a speed-dating 
format. Best run by serial entrepreneurs (with significant know-what) they 
can be mutually beneficial, allowing insight into potential ideas and 
subjecting them to peer review.

Of course, the people with know-why graduate to being angels (caveat 
survivorship bias). Observing the 6 teams (~3-8 size note Dunbar limits), 
the continual call for developers indicate GA has a steady market 
(buy-buy-buy). Another observation is that team self-selection means that 
if one team ended up with the quiet types, then it is easy for one 
talkative to dominate. History has shown that Donald Trump types are 
actually rarer than portrayed in media which glorifies personality 
conflict. Team balance is more important in a lean startup situation to 
identify & resource the value-drivers (cf Craig List). I await to see what 
team emerges the winner.

Dr. Lawrence Lau
http://www.linkedin.com/in/drllau

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