Startup mentoring versus apprenticeship
The interaction between startups and startup mentors has a fundamental difference from ‘apprenticeship’, something which has major implications for the future of innovation
Dragging small traditional businesses into the startup innovation ecosystem
Small traditional businesses? They’re already ‘inside’ the startup world, aren’t they? No. They typically know nothing about such things as Lean Startup, Startup Weekend or Y Combinator, and even when they do, they think it has nothing to do with them. Are they right?
Innovation fixation?
Are so-called ‘clone startups’ (those hoping to be acquired by the mothership after creating a successful, ‘local language lookalike’) too easily dismissed as ‘non-innovators’?
Need to recover from ‘startup overreach’?
Ty Danco’s ludicrously improbable but riveting tale definitely belongs in the history books, alongside AirBnB’s legendary ‘survive by literally eating your own marketing material’ yarn
Should the UK government convert student debt into startup equity?
If much higher-than-expected numbers of students join the ranks of the long-term unemployed, most student loans are going to remain unpaid indefinitely. Is the risk of student unemployment higher than the risk of failure for a startup accelerator-boosted founder?
Khan Academy 2.0?
After my initial TED-talk-inspired enthusiasm, I became seriously disheartened by the seemingly unanswerable criticisms of Khan Academy’s fairly unadventurous ‘talk and chalk’ style tutorial videos as not really representing a genuine step forward in education. But…
iij Post-conference report on PitchLive London 2011
Overall verdict: a bit of a ‘best kept secret’, offering more than enough insight into less-widely covered sectors of the startup investment scene to justify watching out for next year’s event
What’s it like when outside the box is inside the box?
Intrapreneurship is not for the fainthearted. Inside established organisations, officially-sanctioned bastions of executive dragon slaying can sometimes be found, filled with fearless risk-takers discretely licensed to systematically shred the company rulebook in their tireless search for innovation
Can you get sustainable power stations for nothing?
Industrial energy waste turns out to be the most surprisingly overlooked opportunity to make outrageous returns on investment. Energy efficiency in industry is a shockingly untapped market. Modernisation at a single large industrial plant can free up an entire power station
Are Silicon Valley VCs really in decline?
The move away from traditional VCs to Angels features strongly in talk about startup investment. So this seemingly contrary view from the very heart of Silicon Valley is intriguing
How to survive disruption by being your own worst enemy
Why not create an independent fund with a mission to found startups which are exclusively aimed at disrupting your core business?
Startup acceleration: what on earth does that really mean?
Is it just about speeding up the rate at which startups emerge, or making them grow faster, or just unintentionally hurrying them on to an earlier demise?
Large Hadron Collider on a chip
We’re going beyond innovation here. Instead of the latest technology, we’re getting a tantalising glimpse of things that don’t yet exist, but are making exciting progress in the lab and could ultimately represent enormous advances in almost every field of science and technology if they fulfil their promise
In at the birth of biotech investment
Biology has replaced chemistry as the primary science behind drug discovery: how did this transformation begin, who was involved, and how did it get funded?
Startup Accelerator Nation
Ten ideas for weaving the lean, low-investment, iterative, failure-tolerant, build-measure-learn attitude toward giving people constructive ways to spend their time into the fabric of every culture
Innovation, meet thy nemesis: healthcare services
Please, no more innovation! Just let us come to terms with the last lot of changes! We prefer standardisation to innovation! This is the sector where innovators are really gladiators
Steve Blank, triumphant pioneer of…
It’s a video of Steve Blank’s first talk after finishing his pioneering Lean LaunchPad course at Stanford
Over your shoulder, TechCrunch
You’ve been top of the TechMeme leaderboard for quite a while. Here comes Business Insider
Founderpreneurs and funderpreneurs
Fred Wilson (the VC world’s leading blogger) makes an insightful comparison between first time and serial entrepreneurs. I was thinking through the ‘who do you go to?’ question
How can we work like designers when we create business models?
Googlers get taught how to think more creatively about exploring business models. We mere mortals can sit and watch while guru Alex Osterwalder talks us through the ideas in his bestselling book
What did the budget do for UK innovation investors?
Of the incentives announced in the budget, perhaps the most important for innovation may be the increase in the rate of income tax relief. Share scheme specialist Russell Eisen compares the chancellor’s announcements with innovation champion Julie Meyer’s pre-budget suggestions
Are governments really listening to innovation investors?
The iij compares innovation-friendly policy suggestions offered prior to the UK budget with the measures that were actually announced by the chancellor
Must-see video of banker doing something wonderful
‘My twelve year old son has autism, and has a terrible time with math. We have tried everything, viewed everything, bought everything. We stumbled upon your video on decimals, and it got through! Then we went on to the dreaded fractions. Again, he got it! We could not believe it! He is so excited.’
Startup death spiral? Surely not!
Maybe it’s just something that nobody wanted to talk about. Large organisations had, over the years, paid countless professors to study the shortcomings of large organisations, leaving the trials and tribulations of the startup unstudied, waiting for Steve Blank to one day notice something shockingly consistent about the way most startups spin out of control
Clash of innovation news titans
An epic transatlantic on-air wrangle over Google’s future. Veteran BBC innovation investigator Peter Day vs. US prediction guru Mark Anderson. They each put up a characteristically robust performance. But who won? Whatever, it was riveting radio.
The rebirth of the rebirth of distance
It’s been quite a while since the last big fuss about ‘peak oil’: hardly surprising, once oil fell from its pre-crash peak. A guy who made a lot of that fuss is back giving his post-crash perspective in a video. He believes the ‘local vs. global’ balance could be about to change
Preventing socially unacceptable disruption: the impact of startups on local culture
We’re all being asked to consider environmental impact these days, but is ‘cultural impact’ also something that startups should be expected to care about?
Watch influencers offer predictions on major tech acquisitions
The second half of 2010 is looking better than last year, a surge is expected, heralding a very hectic end of year M&A traffic jam
The quango as heroic green knight?
Private equity hesitancy contrasted with prompt public funding of green innovation
Haunted by the price of commercial success: using up the planet’s resources
Who you gonna call? These guys aren’t Ghostbusters, but they do believe they’ve discovered how to banish the spectre of industrial wastefulness
Investment
Startups below zero
So I’m calling it: the margin of costs beyond a founder’s living expenses is now officially zero. What next?
Four questions that determine whether an accelerator should accept you
Jessica Livingstone offers her own feelings about what Y Combinator wants and I try to read between the lines
iij top 20 upcoming innovation books for 2012
There’s a growing interest in introducing an entrepreneurial approach to innovation, whether its happening inside or outside the established organisation
Can entrepreneurialism be automated?
If Artificial Intelligence is going to automate the world’s entire workforce, we’re all going to need to give up any hope of employment and become startup entrepreneurs and innovation investors instead. They couldn’t possibly automate those, could they?
Post-exit startups: the friendly ghost in the job-creation machine
A new report by the US Bureau of Labor Statistics is being mistakenly interpreted as showing that startups are creating fewer jobs. This view somehow manages to completely ignore those odd things investors call ‘exits’.
Has Scoble suddenly turned anti-Lean Startup?
He just said: ‘I hate the term “minimal viable product.” That’s like telling me “we’re shipping without any features because, well, our investors and advisors told us to ship and fix the product later.”
Innovation competitions: why we need more of them
We’d all be forgiven for imagining that TechCrunch Disrupt and the DEMO Conference were the only regularly held innovation competition events worth talking about, as far as the tech media were concerned. So imagine my surprise…
Lean Startup, but without Eric Ries?
“There are venture firms here in The Valley that won’t even fund a company unless they employ lean startup methodologies”
Should government turn everything it doesn’t want to do into a startup?
Government is understandably fed up with being blamed by society when it doesn’t handle things perfectly, so it wants to be seen to be handing at least some of the responsibility for doing things back to society, but…
The iij Top 20 upcoming startup books, fall 2011
The range of startup titles has expanded dramatically this year, and whatever economic surprises may be in store for us in 2012, this particular sector is looking unstoppable.
Steve Blank feels immigration can build Silicon Valleys everywhere
“What do you want to do here?” Get a job. “Sorry, but you’ll need to go straight back home right now, next please. So, what do you want to do here?” Start a business, employ people “Great! please sit over there with the others”
Student loans: why only for colleges and not for startup accelerators?
Startup mentoring is education. Why can’t existing government-backed student loan schemes be extended to include startup founders attending accredited startup accelerator programmes?
What if startup ideas didn’t matter to investors?
Would you invest in founders pitching a project that you didn’t really believe in, for reasons you didn’t tell them about?
Exchanges for startups: no longer just pre-IPO, maybe ‘post IPO era’
The investors need to be wealthy ($1m+) and few (maximum 500) and the business too small to IPO. Facebook tore that last rule apart. What if the other rules are also eventually relaxed?
Agile methodology applied to non-technology: success shock!
Arts authorities caught publicly admitting to experimenting with ditching the ‘waterfall ‘ approach (where committees endlessly prepare vast unread(able) reports before anyone even considers trying anything new) only to discover that they can get strategic projects done quickly and well after all. Gasp!
Mortgage your house, then bootstrap from zero to $50m in 7 years
And all that was BEFORE she got into the VC business, and not just the old-style VC business: she does mentoring at TechStars, invested early in UStream, and is CEO of Get Satisfaction, a 50,000+ customer startup which uses social media to support customer relationships
Is the AirBnB situation a gift?
“Customer service here, we’ve decided to do whatever we can to put right this terrible thing that happened to you when you used AirBnB. For a start, can we have your bank details, so that we can immediately deposit a million dollars”
What will Google do now search is suddenly dying?
Investment legend Roger McNamee says mobile has already killed search. Smartphone users hardly use search. Is Google no longer the gatekeeper to the web, business, the world? Will Google+ put them back in the money? Does today’s ‘Facebook for business’ launch roll the dice once again?
The innovation policy problem is not just an innovation problem
It’s an engagement and integration problem
Startup mentoring as reality TV
What’s it like being interviewed by Paul Graham when you’re applying to Y Combinator? Watch this unmissable video of intense grilling and inspired brainstorming in front of a live audience
Can America still pick winners in the energy innovation race?
An opportunity to watch Steve Chu, US Energy Secretary, running us through a list of technologies which he hopes will help America reassert itself in the rapidly intensifying struggle for competitiveness and maybe even its very survival
Accelerator outperforming YCombinator and TechStars?
They’ve been around longer. $138m revenue, 55 startups and you’ve never even heard of them
30,000 Clinical Pathology Labs For A Dollar
No British press coverage for a major innovation story: biotech legend Una Ryan secures funding from both the UK’s Department for International Development and the Bill and Melinda Gates foundation
Game-changing technology, no venture capital
Tractors, farm equipment, built at around one eighth the cost. Industrial equipment too. Superior design. Handmade quality. Problem? Investment. Solve it, and Jakubowski becomes a household word. That might just happen anyway.
iij Top Ten Startup Weekend Videos
I had to work my way through an enormous number of clips to put this together, but I still only scratched the surface. I had to do it now, because soon, there are going to be just too many to even attempt this with any sense of purpose.
Investment banking students morph into urban mushroom farming phenomenon
Even if you find the average recycling innovation story boringly predictable, this one, as it gathers momentum with one ludicrously lucky sustainability discovery after another, will have you cheering along with the audience
A whole new take on NSFW
No, it’s not Dave McClure’s customary firehose of expletives that make this video Not Safe For Work. It’s you. You’re Not Safe For Work in a startup, as far as he’s concerned
The angel scene: how much has changed since September?
You’ll probably scrutinise ‘angel disruptus maximus’ Naval Ravikant’s latest video much more thoroughly than I have, just to see how his predictions have changed since the last talk of his that we covered
One million electric vehicles: is this video the trailer?
Does this talk, four months before the announcement offer the best insight into the thinking behind it?
Natural gas: the iij Selected Innovation Briefing
Surprisingly, these influential and outspoken panellists, who you might expect would have opposing views on just about everything, seem to be having a candid, but surprisingly civil conversation about a very controversial subject: was it something in the water?
The iij Top 10 upcoming innovative investment books
This topic is probably the most demanding in the whole field of selecting innovation writing as far as trying to ensure that the subject is being handled in a genuinely insightful way, but I think we’ve found a good selection
Banking: what’s coming next?
Where in the world are the next systemic bubbles? Can we conceive of interventions which might genuinely mitigate the risks? Are the biggest challenges to banking innovation technological, cultural, governance related, or socio-geographic?
The iij Top Ten Startup Books for the start of 2011
Shame on us for not managing to get a top ten startup book list out at the end of last year, but most of these titles are barely a month old. Some are obvious choices, but others are quite specialised and deserve more attention than they’ve received
Criticism of the iij? Too many solutions, not enough new unsolved problems
Far too often, we only present problems when someone wants to talk about their solutions. So here’s a seriously problem-rich, solution-craving topic: The Economic Impact of Biodiversity
Ron Conway, archangel, on video, on how it all began
He’s been investing in a new company every six days for fifteen years. What’s that like? He secured Google’s first Venture Capital when Google had six people. What was that like?
Disrupting Silicon Valley
If Silicon Valley investors began diverting more of their energies towards increasing entrepreneurial diversity and inclusion, could this put their impressive track record of success at risk?
When social innovation is a matter of life and death
But does it scale? What if scalability, instead of being assessed in terms of ‘financial growth potential’, has to be measured in terms of ‘social impact’?
We’re universities and we’re being globalized
The developing world has an insatiable hunger for everything our best universities have to offer. Are those universities doing enough to address this?
Financiers pay the ultimate price in socially-funded horror
This impressive panel investigates radical funding ideas for new projects. Included is the possibility that it might be possible to dispense with ‘investors’ altogether, in some cases with amusingly ‘horrific’ alternatives
Fertiliser firm steps up into vertical farming
US fertilser firm Converted Organics has bought vertical farming specialist TerraSphere and entered the pharmaceuticals market
Startups: what happens when an economy completely collapses?
In places where prosperity has seemingly reigned forever, sometimes all the big employers and retailers can suddenly disappear: welcome to the startup-only economy. We probably need to start looking at places where this already exists
What do we really know about startup acceleration mentoring?
Investors treat ‘startup founders entrepreneurial inexperience’ as an occupational hazard. Accelerators ‘parachute-in’ entrepreneurial experience in the form of ‘startup acceleration mentors’. Isn’t it time to ask some big questions about this?
Calacanis: I’ve never filed any patents
Jason ‘Mr. Startups’ Calacanis may not do patents, but he has just done an episode of his weekly TV show where he brought in a seasoned patent attorney and a prolific inventor to take us through the latest developments on the US patent scene
Haunted old hotels where guests pay to stay for microseconds
Today’s occupiers are in many ways no less ethereal that any lingering spirits which might still be roaming the lonely corridors and passing silently through walls
Are ‘hopeless’ startups our best hope for sustainable jobs?
A startup only has to take one person out of unemployment to make a net contribution to job growth. Instead of ‘Jobseekers Allowance’ why not ‘Business Model Seekers Allowance’?
Turning staff into startups
Should employers turn their business into startup factories? How could we make this happen?
Exit strategy more important for startups than a business plan?
For a first-time startup, when the real excitement of early innovation is happening, the daunting business of M&A is usually the last thing on anyone’s mind. But research is showing that the later it starts, the higher the risk
What’s different for VCs in the era of the lean startup?
New ‘iterative’ startup methodologies, such as Eric Ries’s Lean Startup and Steve Blank’s Customer Development, raise just as many important new questions about investors as they do about startups
Venture Capital 2.0’s secret sauce
VCs are interested in finding large, untapped markets. They use startups to do the market research needed to find them
iij Selected Innovation Briefing: Biofuels
You’ll need to watch this video if your knowledge of the issues has so far been mostly constrained to news coverage
Two innovation universes, one amazing video
This starts off as a talk about startup methodology but somehow manages to morph into a sales pitch for an intriguing new solar technology. If you’re able to keep up with Bill Gross’s sometimes ferocious pace of delivery, stick with it, it’s well worth the ride
Cleantech startups: early exit strategies and beyond
What does cleantech look like from a strictly ‘risks and returns’ perspective? What new investment approaches will make the most promising government funded emerging technologies a realistic prospect for scalability and growth?
Lean investing: what is it?
Dave McClure is not exactly a shy or timid voice in the startup investment community. He offers the unique perspective of someone who describes themselves as a geek who became a startup founder who moved on to become an investor in many startups.
The startup incubator: economic policy panacea or money-pit
Does Y Combinator’s unquestionable success justify using ‘startup incubators’ as the basis for strategic innovation policy?
Why not pay the unemployed to create startups?
Or how you might create the really big society. Yes, it will probably create some serious chaos. But who said being disruptive should be tidy?
The restaurant at the beginning of the universe
Welcome to the birthplace of investment in the online world. It’s the relaxed watering hole where the big stuff happens in Silicon Valley. The regulars constitute a “who’s who” of movers and shakers behind what’s going on right now.
Turning university science breakthroughs into businesses
A superb panel video from Princeton covers just about everything: Angels, Venture Capital, Intellectual Property as well as the academic, engineering and technology licensing perspectives
The valley’s angel scene is going crazy
It’s unrecognisable from just a few years ago: lots more angels, much bigger sums, many more investments
Accelerators vs. incubators: an alumni panel debate video
Startups from Y Combinator, TechStars, Dave McClure’s 500 Startups and Idealab tell us what life feels like, including being rejected by Y Combinator and successfully reapplying!
What on earth does a conservation entrepreneur do?
Is it just all about ‘making the right noises’, or can they make a real difference?
NASA is all about space, right? No? What then?
They have another mission-critical job that you probably didn’t know about. They are required to make air travel on this planet safer, more efficient and more environmentally friendly for everyone
Time for a twist in the ARM story?
Instead of fanning the flames at the bonfire parties regularly held all over Cambridge to celebrate the outstanding achievements of chip designer ARM holdings, perhaps it’s time to splash on just a little cold water
The iij Upcoming Top Ten Organisational Innovation Books
One theme that appears often in many of these volumes? Discovery processes. If the word ‘innovation’ appears anywhere in your job description, you already know that discovering new discovery processes is a double-edged sword
No potential startup founder left behind
It looks like the enviable track record of startup accelerators like TechStars and Y Combinator derives from identifying something you might call ‘Foundational Capability’ as the basis for startup success, but there is a dark side
Angels teach Venture Capitalists how to accelerate startups
The new breed of angels: as much ‘startup coentrepreneurs’ as they are investors. Executive control, once obligatory, now seen as a liability, is being replaced with new brands of investor offerings which minimise dilution and instead creatively collaborate to facilitate leanness and opportunistic market agility. VCs are keenly studying this new wizardry
Businesslike approach puts UK start-ups ahead
The UK provides the best environment for innovation investment according to BASF Venture Capital investment manager Dr Oliver Guthmann.
Would replacing some bankers with meteorologists have prevented the crisis?
It wasn’t greed after all. Neuroscience shows that experts make illogical decisions when confronted with unprecedented circumstances, because experience can force you to unconsciously override logic in favour of your established beliefs. Experts in entirely unrelated fields need to be brought in on crucial decisions
Who is Mr Prediction in Tech?
This year was expected to be so full of unprecedented upheavals that getting it right would be tougher than ever.
Secretive leading biotech dealmakers caught talking unguardedly on video
MIT somehow managed to make this happen in New York recently (warning: contains disturbingly graphic images of a ‘banker guy’ talking candidly about pharma deals)
Round-up: big bucks for Sybase
SAP sees advantages of mobile access and new options in the world of social networking.
UK Innovation fund launches to help start-ups
The British government has begun the process of distributing £325 million to small and medium-sized businesses.