Archive for the ‘Innovation’ Tag
Not all VC’s are equal, but the majority of them are still human and as such suffer the frailty of not being able to be in two places at once. They relate to or prefer to be on familiar ground in their surroundings as well as in their preferred target investment sectors. This limits the global opportunities and requires structural change in the industry if a high ROI is to be achieved.
The human bit has a lot to do with being on boards of directors and travelling to the companies they invest in. If you consider the cluster mentality of investing locally, or at the very least investing conditions based on an investee company moving to a cluster area (i.e. Silicon Valley) means that companies who want investment had to move to the investors.
Innovation is the outcome of a definable logical sequence of developments within an evolved creative process, derived from an abstract idea or desired alternative to the perceived reality of an existing problem
Innovation is beneficial but not necessarily required to be economically viable. We may benefit from the research of the Hedron Collidor but may not recoup the financial investment. It is still an innovation.