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Venture capital certainly has its place within the entrepreneurial ecosystem. Some of our nation's largest companies (and employers), like Apple, Google and FedEx, have secured this form of funding. But plenty of Kauffman Foundation research tells us that VC funding isn't as mainstream in startups as one would gather based on its common place in startup news. In fact, less than 20 percent of the fastest growing young companies ever take venture capital money.
There is no shortage of well-educated people in academic environments. But the challenge is in turning the attention of those bright minds to entrepreneurship. Here are a few ideas on how to do it.
How can healthcare CEOs train the next generation of company leaders? One study suggests training is best done with a healthy dose of no-nonsense straight talk in a one-on-one setting.
All it takes for a startup community to take root and thrive are the right seeds and soil. I recently saw this first hand in a seemingly off-the-beaten-path city – Telluride, Colo.
"No business plan survives first contact with customers," Steve Blank says. What? Isn't the point of planning that you maximize the likelihood of success in the marketplace? Well yes, but perhaps not the kind of planning you might be thinking about. A business plan conceived on paper, powered by a great idea or invention, enhanced by research on the size of the market and a customer profile, has great potential. But it also has a crucial flaw.
1 Million Cups launched in Provo, Utah at the end of January, just the latest program added to a vibrant and well-connected community. Provo has a rich technology history, outstanding education and a bright and supportive entrepreneurial future. This mountain city of 120,000 residents in the Utah Valley lives its vision of creating jobs and building a culture of growth through four distinct areas.
When one thinks of Mexico City, startup companies would not normally be at the top of anyone's mind. But, I had the chance to spend a few hours with some of the local entrepreneurial organizers there last week and was very impressed with what I saw.
Academia is getting ever more aggressive about helping entrepreneurs get a running start. An emerging crown jewel could well be Stanford University's brand new StartX.
Something extraordinary happened in Kansas City last Thursday. For the second year in a row, some of Kansas City's largest organizations participated in a reverse pitch. KCNext, the host and organizer, brought in a capacity crowd of over 200 entrepreneurs and other Global Entrepreneurship Week event participants. There were 65 events in Kansas City spread across a week and a half. But this event was different. This one was special.
With federal grant money for startups being scarce, entrepreneurs are turning to state-level sources. Massachusetts leads the way in filling the funding gap.
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