Tim Lott, vice president of disruptive innovation of Cox Media Group, met with Hacks/Hackers Austin in a joint meetup with Online News Association on Jan. 28 at the Statesman to discuss the activities of his team. They are working on TwelveApp, but are also pioneering in new ways to approach innovation. During the talk, Tim discussed the lean startup process, working to develop a minimum viable product (MVP), that can be implemented and tested quickly. This process relies on iterative development and quick prototyping. Tim was joined by other members of his team, Zach McGhee and Rocky Medure.
There were several questions. Rob Quigley of The University of Texas asked what students should be doing to stay on top of innovation. Tim said students should “read a lot and practice creative confidence.” He went on to explain that a focus on making things that allow people to communicate and solve problems will be critical.
Another question had to do with risk around the sharing of ideas, with concerns that an idea could be “stolen.” Medure said, “There is enormous value in sharing ideas. It synthesizes new ideas.” It is unlikely that someone has the passion, commitment and resources to execute your idea, but your likelihood of success is much greater if you talk to more people.
Refreshments were sponsored by the Austin American-Statesman. Stay tuned for details on a February Hackathon. We appreciate the time that Tim, Zach and Rocky spent with us!