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Why Companies and Government Do “Innovation Theater” Instead of Actual Innovation

Steve Blank

This article previously appeared in the Harvard Business Review. The type of disruption most companies and government agencies are facing is a once-in-every-few-centuries event. Ultimately, companies and government agencies need to stop doing this or they will fail. However, their biggest obstacle is internal.

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Even the Smartest VCs Sometimes Get it Wrong – Bill Gurley and Regulated Markets

Steve Blank

The first part was railing against the consequences of regulatory capture on innovation and a second part, about the consequences of premature government regulation of AI and why the incumbents are all for it. He recently gave a talk at the All-In Summit that was really two talks in one. In the U.S. Bill Gurley’s point.)

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Is a Venture Studio Right for You?

Steve Blank

Venture Studios are an “idea factory” with their own employees searching for product/market fit and a repeatable and scalable business model. But these look for founders who have a technical or business model insight and a team. They do the most to de-risk the early stages of a startup. Carlos stirred his coffee.

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The Government Starts an Incubator: The National Science Foundation Innovation Corps

Steve Blank

government has been running one of the most audacious experiments in entrepreneurship since World War II. In July I got a call from Errol Arkilic , a program manager at the National Science Foundation (NSF), the $6.8-billion government agency that supports research in all the non-medical fields of science and engineering.

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10 Keys To Surviving Startup Cash Flow Requirements

Startup Professionals Musings

According to a well-researched Motly Fool report, the challenge is very real, since around half of all businesses fail in the first five years. The problem is that professional investors (angels and venture capital) want a proven business model before they invest, ready to scale, rather than early projections and product development.

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6 Realistic Tactics For Funding Charitable Businesses

Startup Professionals Musings

Government grants. An example would be getting free office space by agreeing to be the property manager for the owner. A nonprofit is still a business, maybe even tougher than for-profit to run successfully, so the best angel is a great entrepreneur at the helm for fund-raising, as well as operations. Bartering services.

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10 Tips For A New Venture To Survive The Early Years

Startup Professionals Musings

According to my experience and this Motley Fool article from a few years ago, the challenge is very real, with around half of all new businesses no longer existing after five years. Of course, we all realize that this approach will take longer, and could jeopardize both roles if not managed effectively. Set expectations accordingly.