From an investing company’s point of view, Illinois Chief Information Officer and former Cisco Connected Cities Chief Hardik Bhatt said three things motivated an enterprise company to consider a risk on a startup: A solid idea the corporations couldn’t or wouldn’t try on its own A reliable entrepreneur, and, Evidence of traction. It only takes […]Read more "Three reasons an enterprise company will partner with a startup"
What’s the cheapest way for corporations to understand the forces that could disrupt their business model? Increasingly, the answer might be engagement with startups through corporate venturing, according to recent articles in CFO Magazine, the annual Money Tree white paper from the National Venture Capital Association and PwC, and insights from a recent panel on […]Read more "A window into external innovation for enterprise companies"
In a conversation on pairing startups with the venture funds connected with enterprise companies, entrepreneurial sales dominates the discussion. They’re the most important asset that startups have, said Freshwater Advisors founder David Weinstein, while Groupon SVP Julie Szudarek said an important way to supercharge a startup’s sales strategy was to tap into tactics that drive rapid adoption. She suggested tactics […]Read more "Why sales traction matters when corporate VCs look for partners"
Startup founders seeking access to the world of corporate venture funding should have four things in hand before reaching out to potential corporate partners. Entrepreneurs should: Know their business-to-business partner’s industry well enough to ask pointed questions about whom in an enterprise partner will use their product and how Point to traction measured in sales revenue […]Read more "Simple rules for startups seeking corporate venture partners"
For software companies or startups, Agile development and decision making is a natural fit. But agile decision making increasingly has a place in well-established companies, too. A rule of thumb: If the company is new, learning something new, or exploring new areas, why not build it around a nimble decision process?Read more "Getting more agile: When and how to do it"
From Chris Harrison’s “TouchTools,” Carnegie Mellon University What cloud computing now makes possible for data — deriving insights from what otherwise would be noise — is what journalists have done for centuries. In the past, what set apart journalists was the ability to collect the most useful data from the most unique and hard-to-find places […]Read more "Changes in the news industry: Opportunities with technology and business model shifts"
An interesting thing arose in one Chicago data consulting office’s push to find value in “Big Data”: It turned out the key to value wasn’t the data — it was the people who handled it. In a digital age, people matter more than ever. A year of focus on how to drive insights from data […]Read more "People first: How to use data to drive innovative insights"