Musings on Entrepreneurship and Innovation
Wednesday, July 28, 2004Around the World in 80 Days
Rich Karlgaard at Forbes is plugging Bozeman, so I'm plugging Rich Karlgaard:
"A few days after London I found myself speechifying in Bozeman, Mont. My host was the TechRanch, an incubator for Bozeman startups. I know the town well. During the summers of 2002 and 2003, while gathering material for my book, Life 2.0, I flew my Cessna single-engine airplane into Bozeman to meet some local entrepreneurs. I must admit that I lost my head and fell in love with this small university town in its perfect mountain setting. So it was thrilling to return, quaff Moose Drool ale and catch up..."
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Seed Stage Investing in Kentucky
After serving in executive management roles with a series of software companies, Jim Clifton joined The Innovation Group in his hometown of Lexington, Kentucky to run an interesting seed stage investing program that is an initiative of the Kentucky Science and Technology Corporation.
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Avoiding Entrepreneurial Death Traps
Torsten Jacobi points to piece on entrepreneurial death traps. I'm sure that we could all come up with our own lists. The common theme, however, is that our mental models about our businesses guide our decisions (i.e., the allocations of scarce resources) and, hence, our actions. Too often, our mental models are based on implicit, and consequently hidden, assumptions. Without exposing those assumptions to frequent real world testing, we run the risk of veering into an entrepreneurial death trap. Helping entrepreneurs and investors avoid such traps is the work of my Venture Dynamics Group colleagues.