Remove Entrepreneur Remove Management Remove Operations Remove Venture Funding
article thumbnail

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

Harvard Business Review

Corporate executives seek to inject “Silicon Valley DNA” into their cultures, and policy makers point to venture-funded entrepreneurship as a solution for all manner of problems. In the Bay Area, however, small venture capitalists, many of whom were ex-engineers themselves, invested in entrepreneurs.

article thumbnail

How Watson Changed IBM

Harvard Business Review

This means internal R&D activities must increasingly shift towards becoming crowdsourced , taking advantage of the wider ecosystem of customers, suppliers, and entrepreneurs. The third business model is creating an ecosystem of entrepreneurs. With the entrepreneur ecosystem, we are behaving more like a Silicon Valley startup.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can a Big Company Innovate Like a Start-Up?

Harvard Business Review

In effect, they are rolling the dice in the hope of hitting the jackpot — but willing to take the slim odds because of their strong belief in the new venture, the adrenaline rush of living on the edge, or the potential size of the prize. Most managers felt that they could be more successful by continuing with their established business.

article thumbnail

The Innovation Mismatch: "Smart Capital" and Education Innovation

Harvard Business Review

The demands of practitioners and the market supply of innovation from entrepreneurs are simply mismatched. The capital markets that fund education innovation — both for-profit and nonprofit — are largely broken. When for-profit investors fund technology solutions, they naturally seek good returns on their investments.

article thumbnail

Enabling the Natural Act of Entrepreneurship

Harvard Business Review

I met Slovenian entrepreneur, Sandi Cesko, in 2007 when his Ljubljana -based multi-channel retail operation, Studio Moderna , had about $70 million in sales. That dialog includes all stakeholders, from the entrepreneurs themselves to investors to government policymakers. It is hell to manage.". Even better.

article thumbnail

What BMW’s Corporate VC Offers That Regular Investors Can’t

Harvard Business Review

In 2012, one of us — Gregor Gimmy, a California-based serial entrepreneur and former IDEO consultant — accepted a new role at BMW’s corporate R&D headquarters. To fill the void and build such a new BMW startup unit, Gimmy partnered with an experienced innovation manager from BMW, Matthias Meyer.

article thumbnail

The Booming Business of Drones

Harvard Business Review

What makes it all that more interesting, is that those fictional numbers aren't even close to the staggering reality of how many drones are in operation. He recently left his post at Wired to work on his own passion project- (DIY Drones )-turned-startup ( 3D Robotics ), which recently raised five million dollars in venture funding.