It is painfully apparent that even though this is the third iteration of Labor for Innovation, nothing really has been done since the first. The panel was very eager to let us know about what their ideas are, but we have not seen any action or even plans come out of these sessions. My concern here is not that these conversations are not useful, because they are, but that they stop when the events are over. There is no speed to action or testable MVPs that come out of these dialogues.
Brad Feld recently published “Do We Need A New Word For Entrepreneur,” touching on the differences between being an ‘entrepreneur’ and the practice of ‘entrepreneurship,” as well as, what is in his opinion, cases of common misuse of this term.
The core purpose of a startup is to define a new and unique value proposition, as well as validate the potential for a truly scalable business model. Steve Blank captured this well in what is now one of the most widely used definitions of a startup, “a temporary organisation designed to search for a repeatable and scalable business model.”
The notion that the way to succeed is via early rises, intensive pre-work Yoga sessions, marginal snacking and limited downtime has been shattered, thanks to a survey by Eventa.
This year has seen a boom in wearables. From the flop of the ill-timed (and ill-designed) Google Glass to the recent launch of the Apple watch, fashion and tech seems to be an inevitable match. We can no longer avoid being snobs around the fashion industry, leaving it to designers and manufacturers to figure it out.
Many startups are now following the principles of lean and hacking their way through to real, tangible growth. What are the intricacies of this process in reality and how does a hands-on CXO for a lean startup do it differently?
We know wearable technology could one day be truly life-changing and will no doubt replace smartphones in the future, but at the moment it’s languishing somewhere between function and fashion and is falling short of its potential.
Our local fetish with funding rounds are the French Bulldog equivalent of artificial insemination. We are keeping companies alive that perhaps should not be around. With over 100 incubators in the country, we are fast reaching saturation point for synthetically created companies.
There has been a lot of recent discussion surrounding the role of startups, venture capital, Government, STEM education and various other elements that factor into Australia’s ability to be an effective creator of new economic and societal value. However, a large portion of the content has been fixated on certain inadequacies that currently inhibit our ability to execute innovation regularly at meaningful scale.