Remove 2011 Remove Engineering Remove Technology Remove Venture Capitalist
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It’s Time To Stop VCs Driving Entrepreneurship

The Horizons Tracker

Engines of creation. Indeed, data reveal that rates of entrepreneurship have been in perpetual decline across the United States between 1978 and 2011. When the term unicorn was first coined in 2013 by venture capitalist Aileen Lee, there were just 39 private firms with valuations and revenue of over $1 billion.

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Why Some of the Most Groundbreaking Technologies Are a Bad Fit for the Silicon Valley Funding Model

Harvard Business Review

Over the past few decades, Silicon Valley has been such a powerful engine for entrepreneurship in technology that, all too often, it is considered to be some kind of panacea. The Silicon Valley model, for all of its charms, was developed at a specific time, for a specific industry, which was developing a specific set of technologies.

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Technological Know-How Is a Job Requirement

Harvard Business Review

billion , entrepreneurial companies with technology at their core have disrupted entire industries and threatened or eliminated incumbents. A 2011 IBM study of over 3,000 CIOs revealed that CIO-CEO alignment is stronger than ever, with traditional companies aggressively investing in technology innovation.

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Technology Progresses When Business, Government, and Academia Work Together

Harvard Business Review

Although US firms had pioneered and dominated the technology for two decades, they were now getting pummeled by cheaper Japanese imports. The initial breakthrough came in 1987, but the first drug wasn’t approved until 2011. By the mid-1980’s, the American semiconductor industry seemed like it was doomed.

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How to Transform a Traditional Giant into a Digital One

Harvard Business Review

Sensors, the cloud, mobile and broadband wireless, and other such technologies are increasing the flow of digitized information exponentially. Venture capitalists have their radar out for and provide ample resources for the catalysts to scale up very quickly. It is the algorithms that will create value for the business.

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Entrepreneurship Always Leads to Inequality

Harvard Business Review

Deservedly vaunted venture capitalist Tom Perkins’ callous, arrogant and elitist recent comments should not serve as an expedient excuse to overlook an important “dirty little secret” about entrepreneurship, the acknowledged engine of economic growth: successful entrepreneurship always exacerbates local inequality , at least in the short run.

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Don’t Build Your Startup Outside of Silicon Valley

Harvard Business Review

From 2006 to 2011, the number of startups founded and funded outside of California, Massachusetts, and New York has grown by almost 65%. There is a reason venture-backed firms account for 11% of all US employment. Against this backdrop, venture capital is aggregating.

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