A Land Without Giants
There are at least two models for doing innovation on a really, really ambitious scale. I call them The Paladin and The Dark Knight. The Paladin model takes something that is extremely popular and tries to make it profitable. Elon Musk is taking popular, supported ideas like solar power and electric cars and trying to actually make them feasible.
Eric Jorgenson • The Anthology of Balaji: A Guide to Technology, Truth, and Building the Future
The venture ecosystem went from cottage industry outsider to institutional insider – from a nascent practice to a consensus component of institutional portfolios. The result has been the industrialization–and bankerization–of venture. Firms that make dozens or even hundreds of investments per year, relentlessly focused on assets under management, u... See more