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When you take money from investors their businessmodel becomes yours. Sigh… What I should have been hearing is the search for the businessmodel, specifically the progress on product/market fit, but I hear the fund raising story first at least 90% of the time. When I asked, “What are you working on?” Why small amounts?
When you take money from investors their businessmodel becomes yours. Sigh… What I should have been hearing is the search for the businessmodel, specifically the progress on product/market fit, but I hear the fund raising story first at least 90% of the time. When I asked, “What are you working on?” Why small amounts?
In my interview with Errol, we discussed the origins of the National Science Foundation Innovation Corps (I-Corps), how and why it was created, and how it changed the way the government commercializes scientific research. government needs your help,’ and I remember saying, ‘The U.S. government accelerator that takes no equity.
Instead I will make a few observations about how an investor might think about the impact of ICOs / token launches on the venture capital industry, in particular, and some of the downstream ramifications that need to wrestled with. Need for growth capital. Fuzzy Governance. But many are.
Instead I will make a few observations about how an investor might think about the impact of ICOs / token launches on the venture capital industry, in particular, and some of the downstream ramifications that need to wrestled with. Need for growth capital. Fuzzy Governance. But many are.
Other sources of capital. Government grants – Credit cards / debt. I’m not afraid to pick up the phone, cold call someone, use LinkedIn to find someone who’s recently left a company that might be considered competitive and ask them for advise around the businessmodel and marketplace. I may iterate 3 times in one day.
the failure rate of new ventures (startups had no formal rules and were a hit or miss proposition), the slow adoption rate of new technologies by the government and large companies. The emergence of incubators and super angels have dramatically expanded the sources of seedcapital. The Democratization of Entrepreneurship.
In the 1970’s, 80’s and 90’s, momentum shifted to the enterprise as large businesses supported innovation in PCs, communications hardware and enterprise software. Government and the enterprise are now followers rather than leaders. A unicorn is a startup with a market capitalization north of a billion dollars. The founders.
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