As a Davos novice, it was fascinating for me to observe how entrepreneurship was reflected in the Davos dialog among the world’s movers and shakers. Given that the term “entrepreneurship” has achieved cult status in policy speeches, I was disappointed at our leaders’ superficiality and misconceptions, and its de facto low priority.
Startups. We know the mantra: Team matters. Is this philosophy exaggerated? Overrated? Cliché? No. Team is the only thing that matters. Whatever you’re working on now it’s irrelevant unless you continue rapid innovation.
But hidden in the headlines about the JOBS Act is the creation of an entirely new class of capital that could be far more valuable to startups: customer capital. Instead of raising capital from VCs, entrepreneurs can reach out to customers directly.
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