Skill versus luck

21 November 2006

When it comes to being an entrepreneur or venture capitalist, is it better to be lucky or good? According to a new working paper, Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs, skill carries the day most of the time.

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When Venture Capital is more than capital

14 November 2006

Venture Capital money is very expensive; probably by far the most expensive money you will ever get. The usual defense from the industry is that you so much more than just the money: you get experience, a partner and customer ecosystem, channels to market and much more.

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Innovation in consumer goods

6 November 2006

Related to our previous article on new business models for innovation, McKinsey has a piece on reinventing innovation in consumer goods companies (subscription required) which challenges companies to reconsider the assumption that innovation starts with existing business models.

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Business models as the enablers of innovation

6 November 2006

Sometimes the barriers to innovation is outdated business models. “Railroads and telegraphs needed the modern corporation and semiconductors and software needed venture capital”, says The Economist, quoting Gary Pisano, a professor at Harvard Business School who thinks that the biotech indostry is in desparate need of a simliar innovation. The problem is acute.

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The 3/2 rule revisited

19 October 2006

We revisited the 3/2 rule of employee productivity using a larger data set and considering each sector independently.

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The 3/2 rule of employee productivity

16 October 2006

The more employees your company has, the less productive each of these employees are. It is a generalization, of course, but a useful one and one that is confirmed by most people who have worked for growing organizations. As the company grows, so does the internal processes and the layers of bureaucracy, and the time spent on communications grows rapidly.

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InfoNGEN

4 October 2006

About a year ago we did some work with a London-based private equity fund. The problem was information overload and the idea was to bring together multiple data sources, both public and private, to one data store that could add tags and other meta-data and build synthetic RSS feeds based on search criteria (and even adaptive learning).

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Thinking about success

13 September 2006

Tom Peters made me think about how we define success. If you had a list of companies like Netscape, Microsoft, IBM, HP, and Oracle, which ones would you consider the the winners and which one(s) is the loser(s)?

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55 Ways to Have Fun With Google

11 September 2006

I created an A4 version of the 55 Ways to Have Fun With Google book. If you are in a country where that is a usual paper size and you want to print the book, then this may be useful to you. The original book is released under a Creative Commons licence.

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Telling the truth: technique for unbiased survey answers

7 September 2006

The truth. It is not always easy to get to it. If you are doing surveys or questionnaires you will know that people do not always reply honestly but are biased towards social norms. Ask for which sexually transmitted diseases a person is currently suffering from, and you will get lower responses than the frequency of the diseases in the population.

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