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According to the Kauffman Index of Entrepreneurial Activity, a leading indicator of new business creation in the United States, men are “substantially more likely to start a business each month than women”. In the seventeen year period from 1996 – 2012, the average rate of entrepreneurial activity for men was .37 percent; for women during the same period it was .23 percent.
"If you truly believe in the potential of your company to change the world for the better, there’s no excuse for settling for an acquisition."
I was reading through this month's Inc. magazine earlier when this quote caught my eye. My first thought was to challenge the notion. There are specific occasions when an acquisition is exactly what a company needs to move forward or to move on. This is just how things work, but the bold words sparked my interest enough to turn the page. I flipped to Issie Lapowsky’s feature with Vimeo founder Jake Lodwick. Lodwick was fired a year and a half after selling Connected Ventures, the parent company of Vimeo and College Humor, to InterActive Corp, an Internet company that owns the likes of match.com, Urbanspoon, and dictionary.com. After the acquisition, he felt stripped of his creativity. Where innovation once dwelled, process was introduced. Lodwick was fired a week and a half before he planned to quit. This experience backs his words of advice to entrepreneurs who think an acquisition means nothing will change within the mission of an organization. Lodwick bitterly states that "in fact the mission was lost, and everything will change."
Many things can make you a better entrepreneur. But here's one that certainly helps: networking. So every week eMed is going to highlight some healthcare and life science entrepreneurs on twitter you should consider following. This is not an endorsement, but an encouragement. Entrepreneurship is better when everyone joins the conversation. So please join us by following @emedcommunity and participating on eMed at Entrepreneurship.org
Check out eMed's 6 to follow in entrepreneurship this week.
[View the story "eMed's 6 to follow in entrepreneurship" on Storify]Checkout this weeks eMed's 6 entrepreneurs to follow in entrepreneurship.
Find out what this weeks eMed's 6 to follow entrepreneurs had to say.
Get helpful startup tips from this week's eMed's 6 to follow in entrepreneurship.
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