Audio File:& Download MP3Transcript:& An Interview with Margaret Burd Founder, President, & CEO, Magpie, Inc. Date: June 1, 2010 Entrepreneurial Heroes Interview with Margaret Burd [intro music] Lucy Sanders: Hi, this is Lucy Sanders. I'm the CEO of the National Center for Woman and Information Technology, or NCWIT. Larry Nelson from w3w3.com is here today. Hi, Larry. Larry Nelson: Hi. Yes, I'm really anxious for this interview. Lucy: Well, this is one of a series of interviews that we do with women who have started IT companies. Many of them are serial entrepreneurs in all different types of IT sectors. We ask them for their advice on being entrepreneurs and the pathways that they've taken to be successful. It's a great series. We've had a lot of interest in it. We have another great entrepreneur with us today, a good friend of ours and, I must say with great pride, a successful Colorado entrepreneur, Margaret Burd. Hi, Margaret. Margaret Burd: Hi. Thanks for having me. Lucy: Oh, our pleasure. Margaret is the founder and president and CEO of Magpie. They are a software company. They provide software services and development in the space of smart energy and telecommunications, which is where I know them from the very best. Lately, they've had even more exciting things going on, if you can imagine that, than smart energy. I mean, that's pretty exciting. But, also, there's a new spin-off trial called Magpie Health Care, which is doing some very cool work in giving hospital providers the kind of phone-based tools they need to locate either specialists or others very easily. And, they don't have to wait on the line. I'm sure I'm not doing it justice, but it's a new venture for Magpie. So, Margaret, tell us a bit about Magpie, either Magpie One or Magpie Two. [laughs] Larry: Yeah. Margaret: Well, Magpie One, Magpie Telecom as we used to call it. But, we've branched so far into other industries that we just say Magpie now. Magpie, we bought it in 2001. Which was a difficult year to start a business, with 9/11 happening two months after we started, and then telecom crashing. But, we survived all that. We have about between 50 and 60 people now doing software for a whole variety of companies. In the last year and a half, we went out and explored the whole smart energy, smart grid space. And, have found that there's a very huge market there, especially now with all the stimulus money that we could tap, with very much the same skills that we have from our telecom experience. That experience is very high-end: Bell Labs, educated people. What we learned about creating reliable, scalable and all viable networks of AT&T we can apply now to the smart grid. When you pick up the phone, you want to get dial tone. When you flip on the switch, you want your lights to come on. So, it's very similar to the ways you have to think about developing these networks. Then, as Lucy said, about two and a half years ago, we got the idea to go into health care. I started wandering around hospitals personally, and we ended up getting an idea for a product there. Lucy did a really good job explaining what that does. We help caregivers find other caregivers in really efficient ways. Because that is a product-based business, we have spun that into its own little company. And, I chair the board for that company. Lucy: So, see? She's not idle. Larry: No, it doesn't sound... Margaret: [laughs] We are pretty busy here. Lucy: Yeah. Larry: Well, that's fantastic. Margaret: But, that's really fun. You want your services business to be really busy. Lucy: Absolutely. Larry: Yeah. Well, so, you've got 60 people now. I think when I interviewed Wendy Bohling you had about 12. Margaret: [laughs] That could be true. We probably had a few more than that when you interviewed her. But, yeah, we started out. There were 10 partners, and eight of those partners are stil