Well, as far as learning how they were able to raise funding, it was a bit baffling. However, I’m reminded that venture capitalist not only like to invest in good ideas but most importantly great people because they are tend to be adaptable. They are able to adjust or evolve their business model to ultimately be profitable which is what VCs are all about. Not sure what kind of evolution process most of these business models experience went but it would be great to know in helping to determine how they were able to capture funding. My big take away from this article is that all startups don’t have to the disruption technology ingredient in order to get financial support.
Sunday, November 13, 2011
Top 20 Innovative Tech Startups – ETR 500 Week 11 Blog
After reviewing the article on the top 20 innovative tech startups, I was a bit startled that there weren’t more if any that could be considered disruptive technology. I would even say there weren’t any at all. The list in my opinion didn’t feature much innovation by these startups. Most of these companies’ ventures seem to display themes of which are building on ones that currently exist within the marketplace. I wasn’t very impressed by the choices on the list. Not to say that I would have been able to do better but for companies that got venture capitalist (VC) to invest millions, I was expecting more. I like the ZocDoc concept of booking your doctor’s appointment online but once again this is not disruptive technology, setting appointments online is not new. The article did show startups that found a gap or underserve market such as Roundtable. All blogging sites are one way communication and Roundtable offers the opposite.
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Well explained on the Disruptive Innovation, to add on I would like to take a quick moment to add that disruptive innovation is also a DMAIC approach taken in case of a Black Belt or a Lean Six Sigma Project. Continuous Improvement or Innovation in practice is more like a Kaizen. However I wouldn't want to take away ground breaking technology use in some start ups like Kickstarter, Roundatble etc. As I definitely would like to say that the true test of intelligence is not knowledge its imagination.
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