Rearden Commerce CEO Patrick Grady argues entrepreneurs see the world not as it is, but how it could be

June 7, 2013 Leave a comment

Brainstorm Tech Spotlight: Patrick Grady, chairman & CEO of Rearden Commerce

June 6, 2013: 12:22 PM ET

Patrick Grady argues entrepreneurs see the world not as it is, but how it could be

FORTUNE — Fortune’s Brainstorm Tech Conference (July 22-24 in Aspen, Colo.) regularly brings together the best and brightest minds in tech innovation. Each week, Fortunewill turn the spotlight on a different conference attendee to offer his or her own personal insight into business, tech, and entrepreneurship. This week, we asked Rearden Commerce Chairman and CEO Patrick Grady to answer 10 questions about life outside of work, the company he admires most, and industry advice for young entrepreneurs. His responses follow.

Fortune: What is the best advice you ever received?

Grady: My mother told me every single day — literally — when I was growing up that I could be anything I wanted to in life if I put my mind to it. It imbued me with a sense of empowerment and personal responsibility.

What was the last book you read?

Keynes Hayek: The Clash that Defined Modern Economics

What would you say to a group of young people looking to enter the tough job market?

There are a lot of smart young people with resumes that “check the boxes.” Demonstrate genuine intellectual curiosity, understanding, and passion about the job you’re interviewing for and be able to concretely explain how you’re uniquely suited to fill it.

What would you do if you weren’t working at your current job?

I’d start another software company. Marc Andreessen is right — software is eating the world, and I don’t think we’re through the appetizers yet.

What do you do for fun?

Raise two epic daughters.

What business or technology person do you admire most? Why?

Jeff Bezos [CEO of Amazon]. He has a remarkably rare combination of vision, operational excellence, and commitment to ambitious long-term goals.

What other companies do you admire? Why?

Google (GOOG). They possess similar DNA to Amazon (AMZN), believing that anything is possible and backing it up with the intellectual and financial resources to make it happen. I believe that they’re actually underrated despite the respect they receive and the $300 billion market cap that they currently enjoy.

What do you do to live a balanced life?

My balance comes from my time with my daughters. It’s sacrosanct, and I’ve got a team that respects that and works around it.

What is one characteristic that every leader should possess?

Character.

Is business school necessary for entrepreneurs?

No, in fact it’s more of a liability than an asset or necessity. Entrepreneurs see the world not as it is, but how it could be. That purity of vision shouldn’t be tainted by looking at the world through a conventional lens.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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