Wednesday, September 24, 2008
Democratizing Innovation
As a side note, I've begun a separate blog on the topic of Innovation Democracy - for more information see www.innovacracy.com.
Practical reality in Washington DC
There was an interesting article in BusinessWeek analyzing where the top Venture Capital companies are in the United States - the first thing that becomes obvious is that Washington DC is not the home of Venture Capital.
What does this mean? It means that the VC Community doesn't see enough activity occurring in Washington DC to justify putting significant presence into the area. At the end of the day, VC is about forming relationships and VC's want to have a personal relationship with the companies that they put their money into.
So what does this mean for an entrepreneur hard at work creating new businesses in DC? Well - it means that finding other people of like mind is much harder.
More on this later... :)
What does this mean? It means that the VC Community doesn't see enough activity occurring in Washington DC to justify putting significant presence into the area. At the end of the day, VC is about forming relationships and VC's want to have a personal relationship with the companies that they put their money into.
So what does this mean for an entrepreneur hard at work creating new businesses in DC? Well - it means that finding other people of like mind is much harder.
More on this later... :)
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