2018-01-06 - How can venture cause innovation when capital invested is small? - There are two types of ventures. - Type that raises funds from VC and other sources at an early stage of startup. - There has to be a story that the VC can understand at that point. - Research at large companies, etc., and spin out with the seeds - Chesbrough’s “open innovation” also featured several examples. - Do business with one to a few people who can earn a living in a small amount of time. - Invest excess time in what you want to do - Innovation happens after the fact. - Incubation period is difficult to observe - Paul Graham described it as “earning ramen money http://blog.livedoor.jp/lionfan/archives/52682058.html” and not money, but time.
This page is auto-translated from /nishio/ベンチャーは投下資本が少ないのになぜイノベーションを起こせるのか using DeepL. If you looks something interesting but the auto-translated English is not good enough to understand it, feel free to let me know at @nishio_en. I’m very happy to spread my thought to non-Japanese readers.