Peter Cauton considers himself a career HR Practitioner turned serial entrepreneur. But he is more than that. Technopreneurs and aspiring startups all over the country know him more as an inspirational speaker and a founder of several startup companies. He is an expert on how to get someone’s dream tech business started, and how to sustain it.
He started his first company, STORM Consulting back in 2006. The company has since grown by leaps and bounds and is now called STORM Rewards.
Peter Cauton is considered a leader of the Filipino Startup Movement via his site Juan Great Leap (juangreatleap.com). His mission in life is to inspire others to take the great leap into entrepreneurship. In his interview with Tech In Asia’s Raya Edquilang, he was asked: What was that defining moment when you made a conscious decision that helping others is what you want to do?
He answered, “In 2008, I made the biggest career decision of my life – I took the leap, kissed my corporate career goodbye and went full-time to help my struggling startup. Considering it was in the middle of the recession and I had a newborn son, it was an idiotic decision. By God’s grace, it worked out. In 2011, not only was I making a good living running my own firm, I also founded more startups. I just felt incredibly blessed.”
Peter felt the need to pay it forward. He also wanted to write a book. He shares, “It would consist of some of the lessons I learned in leaving corporate and developing my startup. But after some months, I found that it was just a huge step to develop material from scratch into a book. So I thought of something I had never thought I do – write a blog. I remember writing my first post. I dilly-dallied a lot, postponing pushing the ‘publish’ button for as long as I can. In many ways, starting a blog was scarier than writing a book. The exposure was instant. What if people hated what I wrote? Or thought ‘this guy is a hack’? But I thought, like my startup leap, nothing worthwhile is ever accomplished without some risk. And so I clicked publish. The blog has almost taken a life of its own now. I totally did not forecast how much it would resonate with people. Its been an amazing blessing for me.”
His idea for Juan Great Leap is to do advocacy work to promote startups. One of their plans is to popularize Juan Great Leap conferences. “In the last one, sponsored by Ayala, we attracted over 200 people to a learning session/panel discussion. We are planning another one on March 2nd: a mass ‘speed dating’ event with 20 awesome startup founders. These bigger events are geared towards creating a mass learning opportunity for participants.”
Juan Great Leap also organizes smaller meetups, called Open Coffee. Every month, around 40 to 50 people participate. The meetup is geared towards collaboration and helping other aspiring techpreneurs. Peter says that the meetup is open to people from any part of the startup process from ‘I have an idea’ to ‘I have just sold my startup.’
The main attraction in Juan Great Leap events, according to him, is the open floor where people have two minutes to pitch anything to the group – an idea, a problem to solve, a need, a survey. The idea is to learn, share and have fun.
“Aside from these, I meet two to three entrepreneurs for coffee every Saturday morning. We talk about everything and anything – from startup ideas, outlining opportunities, and even the spiritual side to startups. A couple of people I’ve met at Startup Saturdays have become dear friends of mine, some also who I’ve had the privilege to mentor,” he adds.
Asked about the greatest challenge for Filipino tech startups, Peter remarks, “There aren’t enough entrepreneurs to take on the multitude of great ideas which are available. Right now, you see the same people in startup events – this is very good of course, as we are creating a strong community, but we need more people to join in. The biggest challenge is to inspire even more Filipinos to take that great leap!”
In the midst of his success, Peter admits that he has made mistakes anyone could possibly imagine. But he did not allow mistakes to stop him from pursuing his goal. “By sheer perseverance, passion, and prayer, STORM is still standing after nearly 7 years, and has been growing steadily,” he says.
Peter knows that being a technopreneur is also a process of learning things about yourself. He muses, “What I’ve learned about myself in recent years is that I really love the startup process – I absolutely love getting the right ideas and the right people together in solving great problems. I guess the HR person in me never left – I want to help other people find their passions. With this end in mind, can it get any better than rallying people to build startups, new entities that are supposed to center around the entrepreneur’s passions?
Looking around what has been happening in the startup scene around the world, I feel the Philippines has been left out a bit. I look at the Techcrunch-type sites around and I notice more and more extremely passionate, talented people taking huge leaps in pursuing their dreams, almost on an everyday basis.”
Peter has some words of wisdom for fresh college graduates and young aspiring entrepreneurs:
“Our graduates by and large think of one path: to make a resume, get hired by a corporation, and work their way up the corporate ladder. Then maybe get an MBA in 3-4 years, ideally abroad, and then resume going up that ladder. Talk to any business graduate of any school and this is what you’ll hear. This is the mind-numbingly singular plan.”
“Ever think about starting a business? What if you took that leap 2 years ago?
It is shuddering to think how many dreams have been quashed, how many creative impulses wasted, how many spirits have been broken, in these corporate jobs where positions matter more than people.”
Peter continues, “No way in hell is this because of a lack of talent. Filipinos are world-renowned talents. No way is it because of a lack of ambition. It is because of a lack of perception. A perception that, yes, someone in her twenties can put up a great, world-class startup. That, yes, you can make a dent in the universe.”
His final piece of advice for those who want to become entrepreneurs?
“Take that leap, Juan.”