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The Policy Dialogue on Entrepreneurship Informs and connects thought leaders looking to understand policies that help entrepreneurs start companies, create jobs and strengthen the economy. Sign up to receive our weekly update!
Venture capital has an important role to play in the creation and growth of new firms—but let’s not get carried away. That is the primary message from a former VC in a new article in the Harvard Business Review. This shouldn’t come as a surprise to regular PDE followers, but there are a number of common misconceptions about the scope, performance and success rate of venture capital for startups.
When I asked Mbwana Alliy last month why he founded the Savannah Fund in Nairobi, he had a simple answer—it is East Africa’s technology hub. As part of PDE’s look at Africa I began last week, we focus today on Kenya.
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week.
Last week, President Obama’s FY 2014 budget was released—with a number of proposals that could affect entrepreneurs and small business owners. This week, that budget gets a closer look during a number of committee hearings. Other topics include: comprehensive immigration reform, entitlement reform proposals, tax fraud and identity theft, regulatory burdens on community banks, patent litigation, antitrust laws, health care reform.
There is a growing realization that entrepreneurs don’t necessarily have to emerge from business schools—some emerge through other academic disciplines like engineering or music, some drop out of school to pursue their startups, and some avoid post-secondary education altogether. But that doesn’t mean that entrepreneurs can’t come from business schools. And if you ask business school students themselves, they would tell you that the Worcester Polytechnic Institute is at the top of the list.
When we last checked in on the performance of the venture capital industry, the dollars raised in 2012 continued to rise for a second-straight year even though the number of funds dropped. According to the latest numbers from Thomson Reuters and the National Venture Capital Association (NVCA), that trend continued in the first quarter of 2013.
In the mid-1980s, a series of technological advances gave birth to desktop publishing (do you remember Aldus Pagemaker?) and made it possible for individuals and small organizations to self-publish—at a fraction of the cost it would have through commercial printing. Fast forward about 25 years and we could be looking at the same thing happening to 3D printing. An 83-year old inventor has created an extruder that converts plastic resin pellets into filament for use in low-cost 3D printers—and he is practically giving it away.
In what some might consider an ironic twist, technology seems to play a lesser role in building a local entrepreneurial community for startups than good old-fashioned face-time and word of mouth.
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