Post by arfanho7 on Feb 22, 2024 2:38:44 GMT -5
Perhaps that is because it is easier to evaluate technology that has a well defined set of potential market needs Shu hypothesizes. “With an industry like drug development it’s not like you can just switch from one disease to another disease ” she says. While R D intensive ventures can shift the application of their underlying technology.
Shu continues the fact they are formed around specific “intellectual assets” makes it unlikely that such shifts will be drastic. On the other hand “mobile apps don’t require much fixed costs so you can change the business objective more easily.” The way Airbnb did from focusing on air mattresses in someone’s living America Cell Phone Number List room to renting out furnished rooms and apartments. early stage companies the idea doesn’t matter so much as the quality and passion of the entrepreneur who is pushing it while others invest in the idea and replace the founder with a professional management team when needed.
Shu speculates that with R D intensive companies the initial idea plays a larger role in determining entrepreneurial success than with less R D intensive companies. “There’s a long standing debate in venture financing on whether one should bet on the ‘horse’—the idea—or the ‘jockey’—the team. Our results suggest that the answer varies across industry sectors.” The other interesting finding from the data had to do not with the industry of those being evaluated but the industry of those doing the evaluating.
Shu continues the fact they are formed around specific “intellectual assets” makes it unlikely that such shifts will be drastic. On the other hand “mobile apps don’t require much fixed costs so you can change the business objective more easily.” The way Airbnb did from focusing on air mattresses in someone’s living America Cell Phone Number List room to renting out furnished rooms and apartments. early stage companies the idea doesn’t matter so much as the quality and passion of the entrepreneur who is pushing it while others invest in the idea and replace the founder with a professional management team when needed.
Shu speculates that with R D intensive companies the initial idea plays a larger role in determining entrepreneurial success than with less R D intensive companies. “There’s a long standing debate in venture financing on whether one should bet on the ‘horse’—the idea—or the ‘jockey’—the team. Our results suggest that the answer varies across industry sectors.” The other interesting finding from the data had to do not with the industry of those being evaluated but the industry of those doing the evaluating.