5 Must-Read Articles in Entrepreneurship
I was disappointed to have been unable to make the 2014 Global Entrepreneurship Congress last week in Moscow. It's a historic event, in its fifth year, that gathers startup champions from around the world--entrepreneurs, investors, researchers, thought leaders and policymakers--to work together to help bring ideas to life, drive economic growth and expand human welfare. This kind of annual assembly has contributed to the expansion of a global entrepreneurial ecosystem by connecting experts and entrepreneurs across borders and sectors to unleash their ideas and transform innovation into reality.
Unfortunately the world events between Russia and the Ukraine prevented foundation staff from participating, but I followed as close as possible via Twitter, LinkedIn and Facebook. It was via Twitter that I learned of policy leaders from Argentina, Colombia, and Italy, creating a global government effort to provide more entrepreneurship-friendly policies. I was able to keep tabs on the inaugural convening of the Global Entrepreneurship Research Network, which fills the gaps in entrepreneurial research as we move toward having more robust discipline toward helping entrepreneurs. And it was there I heeded keynote speaker Vivek Wadhwa's warning: "although we live in the most innovative time in human history and have the potential to solve global problems, many of the companies based in Silicon Valley are creating apps that don't come close."
It was ironic that I could stay abreast of Vivek’s message, moment-by-moment, through the very application he’s saying won’t cut it. He is, by the way, right. (And Jonathan Ortmans’ wrap of the event, including his message, is in my top entrepreneurship reads from last week.)
While the power of Twitter and its ability to disseminate sometimes vital information in nanoseconds is undeniable, few other software innovations rival its impact. Sure, it’s pretty nifty to check in through my mobile device when logging 100,000 flying miles each year, but it’s an app I can live without. We can all live without them.
Perhaps that’s the message we should couple with Vivek’s and send the way of these Silicon Valley entrepreneurs of which he spoke. Apps are trendy and fun. Some developer entrepreneurs might even strike it rich with VC backing and a quick IPO. But they are by no means meeting a true need. We need a sustainable source of clean energy. We need clean water. We need food to feed a burgeoning global population. This was a big point in a recent New York Times Magazine feature: Trouble in Start-Up Land?
Entrepreneurs hold a great promise for our future—there’s no denying that. They are the innovators that can and hopefully will lead our world to prosperity and peace. But there certainly isn’t an app for that.
Here are a few other stories I thought you might find worth reading. And if you do, don’t be shy – feel free to Tweet it using #TopOfMind. :)
A Global Voice for Entrepreneurship
Entrepreneurship communities from 153 countries ventured to Moscow to collaborate on entrepreneurial ideas, roadblocks and problems. The conversation from last year’s GEC carried forward. The topics included Entrepreneurial City Leaders, Championing Legislative for Early Stage Capital and Moving Toward Evidence Based Policymaking.
Want to Work for a Startup? 10 Questions to Ask Your Interviewer
This list of 10 questions the interviewee should ask the interviewer is from the Young Entrepreneurial Council: YEC. The first one: What one thing must be done? This helps determine the vision and focus of the startup as well as how you should align your job with the goal.
Why Big Data Isn’t Necessarily Better Data
There has never been as much data available that covers so many different topics. However, scientists are weary that big data might not necessarily equal better data. Some big data lacks context and can get pulled from disparate sources causing questionable results.
Cisco to inject $US100 million into start-ups
Cisco is injecting $100 million US dollars into Australian start-ups, particularly targeting the mining sector. The fund is also targeting mobility, big data and machine-to-machine communications. The startups will be judged based on merit and there is no limit to how much each startup could receive.
Government to inject $56 million into "Creative Economy Vitamin Project"
The Korean government is injecting roughly $56 million U.S. dollars into a project called “creative economy vitamin project”. This project is aimed at realizing sustainable growth and nurturing business sectors by integrating IT into those sectors. 23 assignments have been finalized.