FrankFCraig
New Member
The US is inspiring and pioneered Venture Capital. Often, non-Americans (and even some Americans) believe that Silicon Valley is the role model to follow for new venture creation and provides the best entrepreneurial experience. However, nowadays everyone can easily glean lessons from all around the world about entrepreneurship and business financing etc. This has accelerated in the last ten years due to the growth of the Internet, social networks and blogs and the proliferation of business schools worldwide. Also, Governments have invested heavily into regional development of innovation clusters.
My philosophy is that, no matter what you do, companies end up performing in a regional culture with set behaviours - so the Silicon Valley model does not fully translate to e.g. Paris, Tokyo or Glasgow! Entrepreneurs will do what they do by mainly using their "national" knowledge.
To prove my point, the financial returns of the investment funds of Venture Capitalists in the rest of America and Europe are now identical to those in Silicon Valley! The national or regional Venture Capitalists invest in the best entrepreneurs within their region who have knowledge of national business infrastructure and an international understanding of their industry.
There are many paths to success: Silicon Valley's is no longer the sole route so let's have more faith in our national business infrastructure and our native entrepreneurial population.
Best business tip: success is not by emulation - but by adaptation of global information to your national situation!
Frank F Craig PhD MBA, Chief Executive, Life Sciences Consultancy Limited.
My philosophy is that, no matter what you do, companies end up performing in a regional culture with set behaviours - so the Silicon Valley model does not fully translate to e.g. Paris, Tokyo or Glasgow! Entrepreneurs will do what they do by mainly using their "national" knowledge.
To prove my point, the financial returns of the investment funds of Venture Capitalists in the rest of America and Europe are now identical to those in Silicon Valley! The national or regional Venture Capitalists invest in the best entrepreneurs within their region who have knowledge of national business infrastructure and an international understanding of their industry.
There are many paths to success: Silicon Valley's is no longer the sole route so let's have more faith in our national business infrastructure and our native entrepreneurial population.
Best business tip: success is not by emulation - but by adaptation of global information to your national situation!
Frank F Craig PhD MBA, Chief Executive, Life Sciences Consultancy Limited.