This blog (follow this link to the complete / original post) is really a neat overview of things to keep in mind when pitching to a VC. It is actually complementing a previous post: “This article is […] about what I’ve learned pitching venture capitalists for Ellevest. While one might be tempted to try to avoid the VC path – and there are an increasing number of ways for entrepreneurs to raise money, such as angel groups and crowdfunding – for now, if you’re raising above a certain amount, you’re going to have to go the venture capital route. And I’m hoping that maybe – just maybe – VCs will work to up their game with women entrepreneurs, and so there will be greater funding opportunities. Some already are.”
“Today, many companies see open innovation — a process for sharing knowledge and ideas with other organizations — as a core part of their strategy for developing new offerings. Examples include L’Oréal working with Renault on an electric “spa” concept car and auto-parts makers Delphi and Mobileye joining forces to produce an autonomous driving system. Many companies have found that such partnerships generate cost savings and creative insights.
… Creating flexibility during implementation leads to more support and buy-in for an idea. Ideas that incorporate the diverse views of different experts and stakeholders are stronger. This might seem like signing up for an extra obstacle, but additional iterations mean that executives and other stakeholders are likely to be more convinced of an idea’s merits. Working together in the five ways we have described raises the odds that an idea will be put into practice and not wither and die.”
Read the full original story here!
Innovation and disruption is important for large companies, but the people responsible for it can easily be sabotaged. Do these innovation projects sound familiar? Has your company blocked it’s future success? Read this enjoyable article about it …
For both startups and large established corporations, there are tangible benefits to empowering employees to act like entrepreneurs, like cultivating a culture of learning, iteration and innovation among corporate employees. In order to create a culture of learning and iteration, it’s important to find leaders who are open to this new way of working. In a world changing at unprecedented rates to keep up with an evolving market, leaders need to be trained to ask the question. Read the original blog here.
How To Avoid Creating Innovation Orphans – Products That Customers Want But Your Company Won’t Sell — Beyond the struggle of coming up with great new ideas, most innovators are frustrated because their companies don’t know what do with the ideas that succeed! Keep reading here.
Pitching something might be hard – at least for the first dozen and more times. Here Sarah Guo (Venture Capitalist at Greylock Partners) is sharing really valuable and comprehensive insight on the topics, which are important to her. A really great 10-12 minutes read!
This blog talks about the pains of growing a platform. For SaaS companies today, everyone wants to be the next big platform. But if you think it’s as simple as having some integrations and public APIs, think again. These three tips will help you recognize what a successful platform business really requires.
“It’s a huge challenge for innovation teams to establish and implement innovation metrics in their organization. Why? Because they substantially differ from the established metrics that focus on execution.” Here is the article.
Establishing the metrics that define success, creating “islands of freedom” with appropriate and scalable liability constraints, and convincing senior leadership to adopt this new approach each involve difficult negotiations that require professional and full-time attention.
The fundamental questions are: For any experiment that succeeds, how will it find a home in the organization? Will it be absorbed by an existing division or become an entirely new division? How is that decided? Whose decision is it? Keep on reading here!
Building on top of the post Corporate Innovation Ecosystem there is a great article, which brings strategy and execution in context, where the idea is closing the gap between strategy and execution may not be about better execution after all, but rather about better learning — about more dialogue between strategy and operations, a greater flow of information from customers to executives, and more experiments. Read the article here!