Featured Article

5 lessons from ‘Star Wars’ that can transform startup managers’ strategies and tactics

‘I have a bad feeling about this’ are actually words to live by

Comment

Image Credits: Natalia_80 / Getty Images

Scott Lenet

Contributor

Scott Lenet is president of Touchdown Ventures.

More posts from Scott Lenet

As leader of the Jedi council in the “Star Wars” universe, Yoda was essentially their CEO.

It was his job to see the future, a talent specifically honed by the visionary warrior monks, and yet he consistently allowed his vision to be clouded by the dark side of the Force. Despite his power, experience, authority and wisdom, Yoda was shockingly bad at understanding what was happening around him until it was too late.

For a decade, the Jedi Grand Master worked directly with the Dark Lord of the Sith, Darth Sidious, who was hiding right under Yoda’s nose as the Supreme Chancellor of the Galactic Republic. Yoda’s failure to recognize changes as they were happening resulted in the rise of Palpatine’s empire and the overhaul of an entire culture’s way of life.

When faced with confusing facts and suspicious clues, what did Yoda do? He retreated to his chambers to meditate, but he did not take action.

Yes, Yoda got Kodaked.

Unfortunately, this is all too common among the leadership of incumbent corporations. Many executives act as though they believe good times will never end or as if they don’t care if it does.

Whether the example is the CEO of Kodak dismissing digital photography, or the CEO of Blockbuster infamously downplaying the threat of Netflix, it seems there is always another market leader blissfully ignoring the winds of change.

In contrast to Yoda, Jedi Knight Obi-Wan Kenobi combined insight and action to preserve hope for the future.

Seeing the future is also the goal of startup founders, corporate leaders and venture capitalists. With that in mind, here are five lessons from the heroic actions of Obi-Wan Kenobi, and how corporate and startup executives alike can apply these ideas to devise transformational strategies and tactics:

Find trouble before it starts by gathering street-level data

When the Sith criticize the Jedi for arrogance, their argument is justified, because the Jedi’s leader Yoda is out of touch. The Jedi Council sits in a literal ivory tower, sending Obi-Wan Kenobi on missions. As one of the Jedi’s top field agents, he is able to gather information to help understand what’s happening across the republic.

It is Kenobi who first learns that Darth Tyranus is actually Count Dooku during the Clone Wars, and he continues to pull on the threads of each clue he finds, always in a quest to learn more. Similarly, it is Kenobi who travels to Kamino in Episode II to unravel the mystery of the clone army.

The lesson for innovators is that you can’t meditate your way to organizational change. The “Star Wars” refrain, “I have a bad feeling about this,” might equate to Intel co-founder Andy Grove’s “Only the paranoid survive.”

Grove’s definition of paranoia can be interpreted to mean that it’s important to pay attention at all times. This implies being unsatisfied with lack of clarity, and investigating to acquire “street-level” information about markets, customers and the state of everyone else’s capabilities.

At a practical level, street-level data means that corporations should meet lots of potentially disruptive startups, and startups should meet with potentially complementary or competitive corporations. Each should meet with as many customers and prospective customers as possible.

Be bold and decisive

Obi-Wan tracks down General Grievous on Utapau in Episode III. While the Separatist cyborg leader has killed dozens of Jedi, the vastly outnumbered Kenobi realizes he must take the risk of confronting Grievous. He leaps from above in the midst of dozens of enemy droids, delivering a line that has become meme fodder, “Hello, there.”

His opponent even admits his courage: “General Kenobi. You are a bold one.”

Kenobi’s quick decision-making also allows him to survive Order 66, when Commander Cody and his clone troopers turn on the Jedi.

Being bold means that innovators cannot afford to get stuck in analysis-paralysis. Once your organization has gathered information from the field, that information must be used to make decisions. That requires “pulling the trigger” by committing to new products, investments, commercial partnerships and acquisitions.

Adapt your methods

In his ultimate showdown on Utapau with General Greivous, Kenobi uses a blaster to defeat the Separatist leader. The blaster is considered an inelegant tool for a Jedi. But Kenobi adapts to his circumstances to survive and win when his weapon of choice — the lightsaber — is unavailable.

Similarly, corporate and startup executives must look outside themselves and their organizations when innovation is required, as not everything can be accomplished internally.

While internal product development and M&A may be the methods of comfort because these approaches offer full control, partnering (business development) and investing (corporate venture capital) can be powerful tools for harnessing external innovation. While these partial control options may be considered unsavory and unfamiliar, especially for corporations, they are powerful tools for innovation.

Don’t put all your eggs in one basket

When Padmé Amidala dies in childbirth as Anakin becomes Darth Vader, it is Kenobi who rescues Luke and Leia by devising a plan to “diversify” the Skywalker twins and preserve hope for the future. He personally brings Luke to Tatooine and entrusts Bail Organa, whom he knows to be a man of integrity and responsibility, to raise Leia as his daughter on Alderaan.

For startups and corporations, diversifying can take multiple forms. First and foremost, it implies not relying too heavily on any one buyer or supplier, per Michael Porter’s theory of competitive advantage. But for corporations seeking external innovation, diversifying also means taking a portfolio approach of multiple investments and startup commercial engagements.

Given that a single M&A transaction requires approximately 10x the capital of a single venture capital investment, a portfolio approach may make financial sense, too.

Actively nurture the seeds of your future

Instead of slinking off to Dagobah to wallow in the swamp while growing ever more eccentric, Kenobi took on the personal responsibility of watching over Luke on Tatooine. Each seedling of hope received a watchful, safeguarding eye. At the moment of truth in Episode IV, when Luke needs Obi-Wan’s help, Kenobi is there.

In a startup or corporate environment, a good leader will do the same by standing up for innovation initiatives and protect them from political enemies whose selfishness or short-sighted nature might sabotage the chance to create fresh opportunities for the corporation.

Long-term initiatives like new products and venture capital investments require diligent and active oversight and protection. Nurturing these efforts actively means appointing and empowering champions who will guard the success of these efforts.

“I have a bad feeling about this” is a recurring joke in the franchise — nearly every major character utters the line at one point or another. These are also words to live by for corporate and startup leaders, because they are an emblem of awareness and proactivity.

More TechCrunch

Government officials and AI industry executives agreed on Tuesday to apply elementary safety measures in the fast-moving field and establish an international safety research network. Nearly six months after the…

In Seoul summit, heads of states and companies commit to AI safety

Copilot, Microsoft’s brand of generative AI, will soon be far more deeply integrated into the Windows 11 experience.

Microsoft wants to make Windows an AI operating system, launches Copilot+ PCs

Some startups choose to bootstrap from the beginning while others find themselves forced into self funding by a lack of investor interest or a business model that doesn’t fit traditional…

VCs wanted FarmboxRx to become a meal kit, the company bootstrapped instead

Uber and Lyft drivers in Minnesota will see higher pay thanks to a deal between the state and the country’s two largest ride-hailing companies. The upshot: a new law that…

Uber’s and Lyft’s ride-hailing deal with Minnesota comes at a cost

Andreessen Horowitz’s American Dynamism fund has established a new fellowship program aimed at introducing top engineers and technologists to venture investing, a move that could help the firm identify less…

a16z’s American Dynamism team launches program to introduce technical minds to VC

Another fintech startup, and its customers, has been gravely impacted by the implosion of banking-as-a-service startup Synapse. Copper Banking, a digital banking service aimed at teens, notified its customers on…

Teen fintech Copper had to abruptly discontinue its banking, debit products

Autodesk — the 3D tools behemoth — has acquired Wonder Dynamics, a startup that lets creators quickly and easily make complex characters and visual effects using AI-powered image analysis. The…

Autodesk acquires AI-powered VFX startup Wonder Dynamics

Farcaster, a blockchain-based social protocol founded by two Coinbase alumni, announced on Tuesday that it closed a $150 million fundraise. Led by Paradigm, the platform also raised money from a16z…

Farcaster, a crypto-based social network, raised $150M with just 80K daily users

Microsoft announced on Tuesday during its annual Build conference that it’s bringing “Windows Volumetric Apps” to Meta Quest headsets. The partnership will allow Microsoft to bring Windows 365 and local…

Microsoft’s new ‘Volumetric Apps’ for Quest headsets extend Windows apps into the 3D space

The spam reached Bluesky by first crossing over two other decentralized networks: Mastodon and Nostr.

The ‘vote Trump’ spam that hit Bluesky in May came from decentralized rival Nostr

Welcome to TechCrunch Fintech! This week, we’re looking at the continued fallout from Synapse’s bankruptcy, how Layer wants to disrupt SMB accounting, and much more! To get a roundup of…

There’s a real appetite for a fintech alternative to QuickBooks

The company is hoping to produce electricity at $13 per megawatt hour, which would be more than 50% cheaper than traditional onshore wind.

Bill Gates-backed wind startup AirLoom is raising $12M, filings reveal

Generative AI makes stuff up. It can be biased. Sometimes it spits out toxic text. So can it be “safe”? Rick Caccia, the CEO of WitnessAI, believes it can. “Securing…

WitnessAI is building guardrails for generative AI models

It’s not often that you hear about a seed round above $10 million. H, a startup based in Paris and previously known as Holistic AI, has announced a $220 million…

French AI startup H raises $220M seed round

Hey there, Series A to B startups with $35 million or less in funding — we’ve got an exciting opportunity that’s tailor-made for your growth journey! If you’re looking to…

Boost your startup’s growth with a ScaleUp package at TC Disrupt 2024

TikTok is pulling out all the stops to prevent its impending ban in the United States. Aside from initiating legal action against the U.S. government, that means shaping up its…

As a US ban looms, TikTok announces a $1M program for socially driven creators

Microsoft wants to put its Copilot everywhere. It’s only a matter of time before Microsoft renames its annual Build developer conference to Microsoft Copilot. Hopefully, some of those upcoming events…

Microsoft’s Power Automate no-code platform adds AI flows

Build is Microsoft’s largest developer conference and of course, it’s all about AI this year. So it’s no surprise that GitHub’s Copilot, GitHub’s “AI pair programming tool,” is taking center…

GitHub Copilot gets extensions

Microsoft wants to make its brand of generative AI more useful for teams — specifically teams across corporations and large enterprise organizations. This morning at its annual Build dev conference,…

Microsoft intros a Copilot for teams

Microsoft’s big focus at this year’s Build conference is generative AI. And to that end, the tech giant announced a series of updates to its platforms for building generative AI-powered…

Microsoft upgrades its AI app-building platforms

The U.K.’s data protection watchdog has closed an almost year-long investigation of Snap’s AI chatbot, My AI — saying it’s satisfied the social media firm has addressed concerns about risks…

UK data protection watchdog ends privacy probe of Snap’s GenAI chatbot, but warns industry

U.S. cell carrier Patriot Mobile experienced a data breach that included subscribers’ personal information, including full names, email addresses, home ZIP codes and account PINs, TechCrunch has learned. Patriot Mobile,…

Conservative cell carrier Patriot Mobile hit by data breach

It’s been three years since Spotify acquired live audio startup Betty Labs, and yet the music streaming service isn’t leveraging the technology to its fullest potential — at least not…

Spotify’s ‘Listening Party’ feature falls short of expectations

Alchemist Accelerator has a new pile of AI-forward companies demoing their wares today, if you care to watch, and the program itself is making some international moves into Tokyo and…

Alchemist’s latest batch puts AI to work as accelerator expands to Tokyo, Doha

“Late Pledge” allows campaign creators to continue collecting money even after the campaign has closed.

Kickstarter now lets you pledge after a campaign closes

Stack AI’s co-founders, Antoni Rosinol and Bernardo Aceituno, were PhD students at MIT wrapping up their degrees in 2022 just as large language models were becoming more mainstream. ChatGPT would…

Stack AI wants to make it easier to build AI-fueled workflows

Pinecone, the vector database startup founded by Edo Liberty, the former head of Amazon’s AI Labs, has long been at the forefront of helping businesses augment large language models (LLMs)…

Pinecone launches its serverless vector database out of preview

Young geothermal energy wells can be like budding prodigies, each brimming with potential to outshine their peers. But like people, most decline with age. In California, for example, the amount…

Special mud helps XGS Energy get more power out of geothermal wells

Featured Article

Sonos finally made some headphones

The market play is clear from the outset: The $449 headphones are firmly targeted at an audience that would otherwise be purchasing the Bose QC Ultra or Apple AirPods Max.

12 hours ago
Sonos finally made some headphones

Adobe says the feature is up to the task, regardless of how complex of a background the object is set against.

Adobe brings Firefly AI-powered Generative Remove to Lightroom