Masterminding with Peers
Excerpt from Benjamin Franklin's Autobiography:
I should have mentioned before, that, in the autumn of the preceding year, [1727] I had form'd most of my ingenious acquaintance into a club of mutual improvement, which we called the Junto; we met on Friday evenings. The rules that I drew up required that every member, in his turn, should produce one or more queries on any point of Morals, Politics, or Natural Philosophy, to be discuss'd by the company; and once in three months produce and read an essay of his own writing, on any subject he pleased. Our debates were to be under the direction of a president, and to be conducted in the sincere spirit of inquiry after truth, without fondness for dispute or desire of victory; and to prevent warmth, all expressions of positiveness in opinions, or direct contradiction, were after some time made contraband, and prohibited under small pecuniary penalties.
Recently, I've seen this concept applied extremely well with young entrepreneurs in the two following initiatives:
- Junto Partners - Provides funding and assistance to cohorts of recent college graduates. Members of these cohorts invest in each other's businesses and support each other.
- Invenio Group - A group of 6 Babson students that run 8 different companies together.
Posted at August 9, 2005 12:04 AM