Think about all the vagaries of running a high-technology venture – as executive leaders you need to be setting the vision, formulating strategies for success and operationally attracting and retaining top-level talent, leading and managing teams, sourcing and deploying scarce resources and negotiating ongoing funding rounds, all while building a sustainable platform and compelling products.
Some CEOs and executive leaders have an innate ability to juggle all these balls, keeping them up in the air and constantly moving their business forward. But for every one such person they are 10 others who become increasingly overwhelmed by the level of chaos that surrounds [...]
In an article in the Harvard Business Review, Patrick Vlaskovits has decided that the quote below, attributed to Henry Ford, was actually manufactured by one Jean-Marie Dru in 2002
“If I had asked people what they wanted, they would have said faster horses.”
Often have I heard this quoted by those pedalling consulting services that will miraculously transform your employees into great innovators.
The consultant will generally float the idea that there are just two ways to innovate:The dull way via customer feedback, or Through true innovation that is created by gifted visionaries that mostly ignore customer input and instead create innovation based solely [...]
In building your business, as in daily life, there are always goals that seem impossible to achieve. Starting up it may seem impossible to secure the right co-founders, or to raise an initial round of seed funding. Achieving product-market fit may be eluding you as much as angel investors seem to be avoiding you.
However, when you do get customers and investors banging on your door you laugh and realise that what had seemed impossible only a moment ago is actually possible and, in hindsight, you wonder why you were so anxious about achieving those goals. It is all a matter of perspective. Take the word ‘impossible’ – the addition of one tiny [...]
We had another massive year at UNSW Innovations in 2015 and, in fact the last 24 months have been amazing for our Student Entrepreneur Development team with 562 student and alumni teams being supported since the beginning of 2014!
There are far too many things that happened (due to the teams hard work) to list them all here but here are 12 months of highlights from the year that was:
1. January – The Fitness Calendar sisters joined the SED community. Was great having them participate in some of our programs and seeing them get this great exposure early in the year!
2. February – I got the first article I am really happy with, Lean approach to [...]
I launch startups and develop inventions for a living and mentor a lot of entrepreneurs in my spare time.
In the last 6 months I reviewed Accelerator applications for muru-D, CSIRO Accelerator (Australian Government funded Scientific & Industrial Research organisation, 5000+ scientists) and Incubate.org.
In addition I get over 100 pitches a month on my tech blog Startup88.com and I also reviewed over 500 inventions in the last 3 years in my day job, so I get to see a lot of ideas and startups and repeatedly see the same patterns.
Here’s is the take home for entrepreneurs from the 300+ applications I reviewed [...]