Alastair G. Robertson and Cathy L. Walt

Classic entrepreneurs are likely to score high on achievement and autonomy but low on affiliation. They might rank somewhere in the middle on the need for power. Consequently, many entrepreneurs get bored and frustrated and often leave the confines of corporate life-or are moved aside-when their tiny ventures grow into big, bureaucratic businesses.

Boom and Bust in the Venture Capital Industry and the Impact on Innovation

This paper seeks to understand the implications of the recent collapse in venture activity on innovation. It argues that the situation may not be as grim as it initially appears. While there are many reasons for believing that on average venture capital has a powerful impact on innovation, the impact is far from uniform. In particular, during boom periods, the prevalence of over-funding of particular … [ Read more ]

Howard Stevenson

Entrepreneurship is the relentless pursuit of opportunity without regard to resources currently controlled.

Incorporating You

There’s a lot that can go right and wrong in a business. A lot of it out of your control. But the extent of your personal financial liability for what goes wrong is one thing you can and should control.

Venture Philanthropy Embraces Key Strategies of Venture Capitalists

The problem: Find a way to get more bang for the buck out of charitable donations. The strategy: Adopt techniques that worked well for venture capital firms in the 1990s – greater interaction between giver and recipient, and an emphasis on measurable results. The upshot: The birth of the movement variously called “venture philanthropy,” “social entrepreneurism,” “strategic philanthropy,” and “e-philanthropy.” But is it really a … [ Read more ]

Rediscovering Europe’s Entrepreneurial Spirit

In today’s challenging economic environment, the entrepreneurial skills of Europeans have never been more important. A new study on entrepreneurship identifies significant barriers that must be overcome if the entrepreneurial culture in Europe as a whole is to be strengthened.

The Whistle InterJet: The First Internet Appliance for Small-to-Medium Size Businesses (A, B & C)

To overcome sales growth problems in the US, California-based, venture capital-backed start-up Whistle Communications looks at developing a number of strategic partnerships in Asia. While the product (the first Internet appliance for small-to-medium size businesses) attracts interest from numerous high-profile companies, Whistle must weigh the short-term gains against its long-term goals. Professor Ha Hoang and Michel Darnaud explain more in this new Case Study … [ Read more ]

Inventing Success

Got a great idea for a new product or process? Here’s how to turn your brainchild into a business.

The Role of Pricing Strategy in Start-up Success

Sustaining a start-up in the digital economy is a delicate balancing act that requires taking into account the perspectives of a variety of stakeholders, including customers, suppliers, shareholders, investors, competitors, government and other entities. The goal of a start-up executive should be to create a business model that attains a stable state between all of these dimensions and adapts to changing times. Pricing strategy requires … [ Read more ]

Fast Company

The central problem of the late-’90s business model was that customers got a free ride. In the balance between customers and capital, capital underwrote everything. Today, the best business plans are the ones where customers pay for their share of the cost. That’s a very simple test. The customers pay either by acquiring lots of product or by underwriting the development. If the customers don’t … [ Read more ]

Making the Perfect Pitch to VCs

When you are pitching your proposal to VCs, tell them an emotional story, says Nick Morgan. And put away the PowerPoint!

The Private-Capital Survival Guide

With the economy and stock market sputtering, private-capital deals are more appealing than ever. Just remember: Investors often have more to offer than mere cash.

Editor’s Note: The last page of this article contains a useful resource guide (links to vaarious networking sites, angel networks and investment banks).

Escape From Corporate America

More and more women are abandoning big companies to strike out on their own.

Search Funds

Learn about the concept of the search fund at this site. Conceived in 1984, the search fund is an investment vehicle in which investors financially support an entrepreneur’s efforts to locate and acquire a privately held company.

Joseph L. Rice III

founder of private-equity firm Clayton, Dubilier & Rice