Where Einstein Meets Edison

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Perpetual experimentalists: How successful entrepreneurs understand customers

Perpetual experimentalists: How successful entrepreneurs understand customers

Apr 24, 2014

Image courtesy of HelloWallet Common wisdom in entrepreneurship, most markedly promoted by books such as Lean Startup, emphasizes the importance of rapid experimentation and iteration in many aspects of startup development, from selecting a business model to understanding customer behavior. The latter has become increasingly prevalent over the past decade. Even...

How Great Entrepreneurs Mint Emotional Currency

How Great Entrepreneurs Mint Emotional Currency

Nov 5, 2013

Start-up CEOs can’t build a company all by themselves. For that they need the help of cofounders and other team members, customers willing to try the start-up’s product, and eventually investors. But start-ups usually have little money to pay top talent. Yet some succeed in attracting the best people in their industry. The way they do it is to mint what I...

How can you attract start-ups to your region?

How can you attract start-ups to your region?

Oct 26, 2013

Cities around the world look with envy at places like Tel Aviv, Boston, Cambridge, San Francisco, and Silicon Valley. After all, these regions have managed to attract a critical mass of talent and capital that yields a vital stream of ever-expanding start-up activity. To be sure, such entrepreneurial booms create challenges for their policymakers, as the rising...

Where should you locate your start-up?

Where should you locate your start-up?

Oct 7, 2013

In Why does location matter?, I made a case that picking the right place for your venture can affect its performance. There I argued that start-up activity varies across different cities and regions because of six elements: pillar companies, universities, human capital, investment capital, mentoring, and values. If you agree that location matters, the next...

Hollywood, show me your startups!

Hollywood, show me your startups!

Oct 4, 2013

Hollywood is over a decade behind most other intelligent industries in its approach towards innovation. Its centralization around a few giant studios, the evaporation of independent funding sources and the increasing focus on mega “tentpole” productions, has led the industry to produce an overwhelming amount of formulaic content – not formulaic in the...