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

Harvard Business Review

The myth of Silicon Valley is that venture-funded entrepreneurship is a generalizable model that can be applied to every problem, when in actuality it is a model that was built to commercialize mature technologies for certain markets. The Silicon Valley Model. ” An Alternative Path.

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If Crowdfunding is the New Day Trading, Look Out

Harvard Business Review

Paul Volcker famously said the only financial innovation to improve society in recent memory was the ATM. After a reasonable accounting for the fact that the average high-turnover household tilts its common stock investments toward small value stocks with high market risk, the underperformance averages 86 basis points per month (or 10.3