Entrepreneurship in the World
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How the 'Failure' Culture of Startups Is Killing Innovation

How the 'Failure' Culture of Startups Is Killing Innovation | Entrepreneurship in the World | Scoop.it
Far from being the measure of disgrace it once was, failure now seems to be a sort of badge of honor. But somewhere along the way, it got to be uncool to reduce one’s risk of failure.
Samuel Pavin's insight:

An interesting point about failure and the somewhat switch to "failing is just plain ok".

That is still not true everywhere (countries like France or Japan, for instance, do not accept failure (much)). But that certainly is some old habit in the Valley. With the point that failing is like losing. Ok sometimes but efforts are required, at some point, in order to go back to winning.

I mention efforts as I also think about the fashionable "MVP". Delivering the minimum requires far less efforts and engagement. Yet the concept is more or less accepted. 

However, as an end-user and customer, when I buy something I want it to work. What is the point in having an ok-looking, ok-working, so called wonderful app if it is bound to crash every minute.

Hence, I tend to agree with the point made here and would even push it further, it is also killing startups somehow.

Let's just hope it only kills the minimum viable ones.

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Startups shine amid Japanese corporate gloom

Startups shine amid Japanese corporate gloom | Entrepreneurship in the World | Scoop.it
Samuel Pavin's insight:

The new "Japan" of startups ? This piece is quite interesting and does appeal to me. I am glad to see Japan's continuous development when it comes to developing a startups culture. 

Long way to go, still, but as the article mentions, the "salaryman" culture is not almighty anymore. And not the main option for many youngsters. 

Yet, the ability to innovate is still there so, coupled to an eagerness to develop and do business, I think they do have the recipe for success. 

An overall acceleration is the only missing bit as things progress a little slowly.

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Why product innovation isn't everything

Samuel Pavin's insight:

The main point here : add value.

Whatever your product, especially in the era we live, there are and will be hundreds, thousands of competitors doing the same thing. One strong (and long(er)-lasting differentiator : quality/value).

Care about customers, bring value in the loop, think quality.

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Startups Should be Wary of Disruptive Technologies

Startups Should be Wary of Disruptive Technologies | Entrepreneurship in the World | Scoop.it
Mark Zuckerberg via Forbes How many times have investors heard startups start their pitch by touting that their technology is “disruptive?
Samuel Pavin's insight:

Good point.

Still it should not prevent startups from innovating while ensuring to be ready to work the market out. 

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Sorry, but your good idea isn’t innovation until you do something | memeburn

Sorry, but your good idea isn’t innovation until you do something | memeburn | Entrepreneurship in the World | Scoop.it
Samuel Pavin's insight:

Agreed. Everybody has good innovative ideas. Only a few make use of them.Good point. Those people are actual entrepreneurs.

And innovation is not about re-creation either. Just painting the nice blue innovative idea in red does not make it another innovation.

 

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From Strip Clubs to Startups: Old Las Vegas' New Gamble

From Strip Clubs to Startups: Old Las Vegas' New Gamble | Entrepreneurship in the World | Scoop.it
This is the new Las Vegas. And I'll bet on this Las Vegas any day of the week.
Samuel Pavin's insight:

A little more on places. Actually not only related to the sole innovation but rather startups initiatives.

I had a long chat end of last year about this initiative - huge stuff indeed but gorgeous initiative be it only thanks to the strong linkage with the community - and it does seem to keep developing nicely.

I really like it and just hope that would set a trend at a time when both private and public sectors, everywhere in the Word, are moving forward on startup themes and are trying to get organized or, at least, structure the existing ecosystem.

Downtown Vegas offers a good scheme to replicate.

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Innovation in the hoods ?

Innovation in the hoods ? | Entrepreneurship in the World | Scoop.it
Following a recent article I read on the upcoming doom of innovation (by Peter Thiel), I did mention that innovation rather than doomed would just need to be looked for elsewhere (see on Scoop.it)....
Samuel Pavin's insight:

Innovation is like startups. About discovery, about new territories and people. So, the current pools may not remain for the future.

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Innovation and Entrepreneurship Vital for Middle East Economic Growth

Innovation and Entrepreneurship Vital for Middle East Economic Growth | Entrepreneurship in the World | Scoop.it

From www.al-monitor.com

Samuel Pavin's insight:

Looking at Middle East and North Africa. Not done so often but this very good article does detail how much potential there is in the region, should efforts be made. And howmuch entrepreneurship and innovation can count in assisting with the region's growth.

The message is valid worldwide but it is interesting to also have a closer look at the region. Entrepreneurship is everywhere.

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Silicon Valley sheeps or builders of tomorrow ?

Silicon Valley sheeps or builders of tomorrow ? | Entrepreneurship in the World | Scoop.it

Why Silicon Valley Funds Instagrams, not Hyperloops.

Samuel Pavin's insight:

For once, a very (very) long article. Yet an interesting reflection on the current business in the Valley (and the World I would say) and the trend towards some kind of "MVR" ("Most Viable Risk" ...).

At a recent startup meeting the question was asked to founders : How many want to build a million Dollars startup ? Hands raised, almost the whole crowd.

How many want to build a billion Dollars startup ? One cheeky hand only.

Founders - like investors - do not tend to aim that high. Everybody wants money and ROI, not really the building of something new and great.

This post does indeed ask some fair questions in this regard and makes some good points.

With the matter of "future" in the background. Are we moving towards an era of "un-innovation" ?

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Cooking up innovation

Cooking up innovation | Entrepreneurship in the World | Scoop.it
An MIT alumnus brings solar-powered cookers to the people of the Himalayan plateau, helping end their dependency on biomass fuels.
Samuel Pavin's insight:

A great look into innovation. Real, useful, social innovation and entrepreneurship, facing an issue and offering an answer to it.

 

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Google glass, a journey through the "Glass" World

Google glass, a journey through the "Glass" World | Entrepreneurship in the World | Scoop.it
Once upon a time I finally got my own Google Glass. After days and weeks of reading through reports given by the very first lucky "customers" - e.g. the chosen ones on a mission to use "G-Glass" an...
Samuel Pavin's insight:

... just a wee work not only on Glass but with a hidden look at the new usages brought forward by technology.

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Stand up: Lessons on entrepreneurship and innovation from the Japan New Economic Summit

Stand up: Lessons on entrepreneurship and innovation from the Japan New Economic Summit | Entrepreneurship in the World | Scoop.it
The Japan New Economic Summit took place on April 16th in Tokyo, where business leaders from Japan and Silicon Valley came together to discuss innovation and entrepreneurship.
Samuel Pavin's insight:

As the title says, this articles provides lessons for entrepreneurs.

Reading through this piece does look like taking an entrepreneurship course, light one but properly targeted one.

Entrepreneurs, take some time and have a look!

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Centro de Innovación Educativa's curator insight, April 8, 2014 1:08 PM

¿Qué podemos aprender de estos emprendedores innovadores?

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10 great places to be inspired by innovation

10 great places to be inspired by innovation | Entrepreneurship in the World | Scoop.it
America's success has been fed by its innovators and inventors. These sites can lift the spirit.
Samuel Pavin's insight:

Well, places in the U.S. but a nice wee addition to my recent bit on #innovation ("Innovation in the hoods") on Thisissamstown.com

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Billionaire investor predicts bleak future for innovation

Billionaire investor predicts bleak future for innovation | Entrepreneurship in the World | Scoop.it
Entrepreneur Peter Thiel emphasized Monday how technological progress has diminished in recent decades.
Samuel Pavin's insight:

Yes & no.

Innovation linked to business does slow as being at the forefront of innovation does not bring money in (or, rather, not easily and not quickly).

Hence most of the so-called innovation being rather a re-creation or a revamping of existing products/solutions.

Add to the the basic fact that there was a time, not long ago, when not much existed and the room for creation - and innovation - was huge.

This space has shortened.

Real innovators, on the other hand, still exist.

Yet, people with ideas, scientists, etc... may not have the money, the market, e.g. the actual drive to drive innovation.

As Thiel mentions that drive, if not being created on its own, should come from a true effort from Governments.

Not that public intervention only does good when it comes to startups but if innovation has to be relaunched then Governments are the ones with the power and reach to do it.

The future still lies ahead, we just need to step forward and reach to it.

 

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