Those individuals who desire to go off on their own,
join a smaller emerging venture or split off from
an existing organization or university are part of
a group called entrepreneurs.
Entrepreneurs often have a different “value proposition”
than existing organizations. Disruptive technologies,
Christensen notes, separates existing and entrpreneurial
ventures. Their markets and customers are different
and they expect that the advantages and cultural norms
will take hold over time.
traditional classes in universities MOOCs
brick and mortar retailing Internet commerce
manned military fighters unmanned drones
An entrepreneur is a class of innovator who can lead,
build strong functional teams and understands how to
motivate and sell ideas.
It might be useful to explore the nature and roles of
angel investors or groups and venture capital VC organizations.
A business management view reveals SIX stages:
- seed funding, often by angel investors [will say more]
- start-up funding for market assessment and product
- early production and sales funding
- working capital funding for product refinement and
new market introduction
- expansion funding
- bridge funding to “go public”
Interestingly, certain VCs can focus on different segments,
localities and industries. The amount of help, time
frames and expectations can be different and depend on
Angel investors take large risks of possible significant
gains, for example, 20x to 30x gain over 5- to 7 years,
in a win-lose venture. Angel investors or groups need
to be accredited by the SEC. Many will seek confidential
and proprietary information as part of due diligence.
The entrepreneur must formalize and monitor
confidentiality (as non-disclosure agreements are not