Innovators, especially in established organizations, need complementary characters around them, people who can help sustain commitment and who have the tolerance for ambiguity that allows innovators to work through the messy process of building the next great thing.
What's life in Silicon Valley like - from a woman's perspective? I have some "Travel Talk" with tech event planner Maryam Ghaemmaghami Scoble. She sheds light on how talk in Silicon Valley is different than anywhere else.
While the entrepreneurs I meet are vibrant, open-minded and diverse, it often feels like a 1969 office scene when you visit venture capitalists in their native environment. The workforce looks like the cast from Mad Men, diversity-wise.
One reason the finance business is always busy is that it functions much like the arms dealer. You don't need to figure out precisely who's going to win or lose. Some fail, some succeed. If they succeed, they wind up building an army that's accomplishing something.
According to the Kickstarter's data, there was $274 billion collected last year (+238 percent from 2011). In comparison, VC's invested $26.5 billion in 2012 (-10 percent from 2011). Do you see the difference?
Sometimes the success of a great film relies on the best pairing of idea and director. The same goes for business. It's part of the role of the studio executive and the VC to ensure that the right leader is in place to execute the right idea smoothly, on budget, and on time.
Infusionsoft, an eight-year-old software company founded by Clate Mask (CEO) and his two brothers, Scott and Eric Martineau, has just been given $54M in expansion funding from the investment firm Goldman Sachs.
I'm perpetually annoyed by the blind reverence and adulation African Americans seem to shower on our president despite the fact that few of them can name a single thing he's done, other than get himself elected, to help them.
The reality is, though, that incremental business model improvements in big markets can result in highly successful ventures, create many jobs, and solve problems that customers were previously experiencing.
Two Silicon Valley technology conferences in mid-September came up with opposing headlines, not unlike two colliding neutron stars. They are also contrarian coming from two elite members of the venture capital community.
I cannot speak for other angel investors, but I'll explain what it takes to get me to invest. The following snippets are based on actual meetings I've had over the past eight months with developers seeking funding for their ventures.