For most startups, the founders start out by bootstrapping- funding the venture with personal funds and asking for capital from family and friends. After these initial sources of capital, there comes a time in a startup’s journey when founders must look for outside investment. Pursuing external capital differs from bootstrapping, and there are some key areas founders should focus on to ensure they position themselves to successfully pitch investors.
Read MoreStandard venture capital (VC) firms are typically formed for the purpose of investing in startups to generate positive returns on behalf of investors. In the case of corporate VC (CVC) funds, the parent company is still looking for a positive return, but there are also significant strategic considerations when evaluating potential investments.
Read MoreThe healthcare industry has been inching towards structural innovation for decades, but the COVID-19 pandemic served as a major catalyst to modernize the hospital system. While this next section focuses on the proliferation of telehealth as an example, there are numerous other avenues that showcase how the healthcare industry changed throughout the course of this pandemic such as the advent of artificial intelligence and machine learning, robotics, connectivity, and preventative healthcare.
Read MoreEinstein once said that “insanity is doing the same thing over and over again and expecting different results.” Business strategy is a bridge between the firm in its present state and its future. Strategy analyzes the scenarios and defines the solutions for anticipated obstacles that a company could face.
Read MoreEarlier this year, the Economic Innovation Group, a bipartisan think tank whose mission is “to advance solutions that empower entrepreneurs and investors to forge a more dynamic economy in America” released its “Distressed Communities Index” earlier this year, which sorts US communities by county and zip code based on their level of economic prosperity from 2014-2018.
Read MoreInnovation has become a critical component of every community’s economic resilience and its ability to adapt to global trends and disruptions. This same principle applies to organizations and entrepreneurs alike trying to create viable platforms. In an age where technological advancements are so rapid, this necessity is even more evident. As a reference point, computation power has grown more than 1000x each decade since the year 2000 alone, allowing scientific breakthroughs and discoveries to accelerate significantly.
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