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Entrepreneurship
by tj on September 11, 2003
Martin Ruef at the GSB in Stanford has surveyed more than 1700 alumni of the Stanford Business School to find out what made them entrepreneurs.
Ruef concludes that the most creative entrepreneurs spend less time than average networking with business colleagues who are friends and more time networking with a diverse group that includes acquaintances and strangers.
Ruef concludes that the most creative entrepreneurs spend less time than average networking with business colleagues who are friends and more time networking with a diverse group that includes acquaintances and strangers.
"Contrary to common assumptions," says Ruef, "the evidence suggests that in many cases strong social ties do not provide significant new information, so it helps not to be as embedded in them."He also found that
"Every year of industry tenure decreases the likelihood that entrepreneurs will introduce what they consider as fresh organizational ideas in their startup."Being entrepreneur you should go ahead and read the full pdf. (Via Dispatches)
Permalink: how to become an entrepreneur
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Vote for how to become an entrepreneur:
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Rating: 6.00 out of 3 vote(s) cast.
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Response from:
Jemi
(09/12/03 12:08am)
Response from:
Lance
(09/12/03 4:50am)
Your comments reminded me an interesting site called www.antiventurecapital.com .
There are a lot of entrepreneurs who view venture capital as the start-up funding of absolute last resort.
There are a lot of entrepreneurs who view venture capital as the start-up funding of absolute last resort.
Response from:
TJ
(09/12/03 3:37pm)
VC does have it's downsides indeed. I will portray some of them in near future. However, certain business models are simply not possible with non-equity investments. VC is not a charity business either. A substantial higher return of investment comes not only from the higher risk (or volatility) but also from good execution.
But it's an interesting site, thanks.
But it's an interesting site, thanks.
Response from:
TJ
(09/12/03 3:40pm)
Hi Jemi,
thanks for the link. I will have a look on it, as soon as I have worked on my list of 5 still unread in my shelf....
thanks for the link. I will have a look on it, as soon as I have worked on my list of 5 still unread in my shelf....
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Goes along the same lines as the research you are quoting.
Jemi