Month: November 2014

The Geography Of Innovation Is Shifting

When a prominent venture capitalist of California invested one billion dollars in high risk green technology, Silicon Valley recalled the world that in innovation, geography is karma. What Vinod Khosla’s story tells us is that location is crucial when dealing with innovation and technology. Thirty years earlier Vinod left India to study management at Stanford University in California. In 1981, fresh out, he founded Sun Microsystems, a computer manufacturer . Innovations do not occur anywhere but often in geographic clusters where investors, large research universities, existing technology companies, engineers, designers, artists and scientists are always willing to think outside the box. Those people are part of what Richard Florida calls the Creative Class. His paradigm asserts that innovation is the outcome of creativity, this latter being the outcome of human creation for a concrete realization which then might lead to innovation. As far as geography and clusters are concerned, the Silicon Valley has been for several decades considered as the only creative and innovative hub worldwide. This is clearly changing. The geography of innovation is shifting. For proof, start with Google, …

Questioning The Definition Of Startup

Steve Jobs often spoke of Apple “startup culture” and the New York Times referred to the airline Virgin America as “a startup”. Today any small company operating in the digital industry tends to be defined as a startup. Hence confusion in perception, consistence and business models in the startup scene worldwide. Steve Blank, one of the most influential people in Tech and teacher at Stanford, defines a startup as “an organisation formed to search for a repeatable and scalable business model”. The key attribute is not to be a tech company. Neither to be a small company using digital and/or operating on the Internet. The key attribute is a repeatable and a scalable business model. In recent years, popular lexicon has begun equating startups with tech companies, as though the two are inherently intertwined. But let’s face it. Is Uber with a valuation record of $17bn still a startup or rather a multinational logistics company which generated $213 million revenue in 2013? Mark Babbitt, CEO at YouTern, an online community focusing on careers management, expanded …