The Kodak Prosperity Game
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I've had to fund the venture capital I've raised by myself. It's very risky, and the timing has to be perfect. It's very low risk and high reward, but my team has to be able to make the next best use of the capital I raise, which means they can't be sitting idle, with no product to market. That's got to be a high risk, high reward game too.
Or, I could go to an Angel investor. In this world they have very clear rules, they often have a lot of cash, and they usually expect a cut of the profit in return for their capital. They can be a lottery. I'm good at the game, but I need to pay my debts to get another chance. I've got kids. I don't want to be driven by the clock. It's a very different world to running a startup. I don't have the luxury of time, so I have to be very careful.
It's similar to what happens in an election! If you are in a position where you need votes, which means you need money, then you'll need to be very selective in the people who help you raise that capital. That's where the risk comes in. 'Technology' is an expensive asset. All those good people have talent and ideas, and if you choose to fund them, you're going to have to be prepared for the possibility of a loss. It's a high risk game and often high reward, but it's not for the faint-hearted.
The business landscape has changed a lot in the past few years
The accelerated pace of change has caused extraordinary economic, cultural and competitive pressures. From robotics to nanotechnology to renewable energy, hyper-competition is now the standard. In particular, comprehending the rate of change and applying the rules of the game have become so challenging, only the most adaptive and fleet organizations will survive. Fixed, top-down plans are dead.
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