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innovation DAILY

Here we highlight selected innovation related articles from around the world on a daily basis.  These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.

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Venture capital funds that don't fail with most of their investments aren't taking enough risk, says a founding partner of venture capital (VC) fund Follow(the)Seed Andrey Shirben. The VC fund was identified in a recent report into Early Stage Venture Capital Limited Partnerships (ESVCLP) as the most active fund in Australia having made 13 new investments in the 2018 financial year. The fund has made 19 startup investments in total.

 

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NORTH BRUNSWICK, NJ (KYW Newsradio) -- New Jersey Gov. Phil Murphy continues pushing for priorities in his proposed $38.6 billion budget for the next fiscal year. Spurring innovation is seen as one way to stimulate the state’s economy and business climate.

At an event in North Brunswick, the governor promoted a proposed five year plan, which aides suggest has gotten a lot of buzz in business circles.

Image: Courtesy of Edwin J. Torres/Governor's Office via Flickr

 

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Everyone has heard about the big potential for using artificial intelligence (AI) to expand your business, but many of the small businesses I mentor are still wary of embracing it, because they don’t understand how it works, and fear losing control and unintended consequences. My advice is that AI is here, so it behooves all of us to learn how to use it properly and move forward.

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SAN FRANCISCO — For Rick Heitzmann, a venture capitalist at FirstMark Capital, the moment is now.

Two companies that FirstMark invested in years ago, Pinterest and Postmates, have filed paperwork to go public. Pinterest unveiled an offering prospectus on Friday. A third company, Airbnb, is expected to do the same within the next year. All are likely to be embraced by Wall Street, generating huge profits for FirstMark.

 

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Private markets stayed strong in 2018. True, fundraising was down 11 percent. But $778 billion of new capital flowed in. Investors have a new motivation to allocate to private markets: exposure. More investors believe that private markets have become effectively required for diversified participation in global growth.

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Mark Suster

Several members of your executive taken hours to prepare board materials so that you can inform your board of how things have gone since you last met 3 months ago and you have 3 hours together to make sure they have an accurate picture and to make sure you have their input into how to proceed in the months ahead. Given how seldom you come together you’d imagine you’d have the boards’ full attention during this time. Most likely you’d be wrong. You can solve this if you’re willing to.

 

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Tendayi Viki

A lot of innovators that I have met are impatient people. By the time we start working together, they are already fed up with their company. They know something needs to be done and they just want to jump in and get started. So they will take whatever opportunity they get and run with it.

I believe that this is the wrong approach. As much as we are keen to get started, it is also important to ensure that we are working on the right things. While I agree that we have to start somewhere with innovation, this does not necessarily mean we have to start anywhere. There is a difference.

 

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Employers aren’t expecting perfection. They want authentic candidates who are excited about the company’s mission and brimming with curiosity about the role. In this episode, Tina Seelig, Professor of the Practice in Stanford’s Department of Management Science & Engineering, Tess Hatch of Bessemer Venture Partners, and Josh Reeves, CEO and founder of Gusto, explain how to convey those qualities in the interview—without coming off like a braggart, a know-it-all, or a Debbie Downer. And they remind you not to panic too much about the job search. When you’re early in your career, any step is a step in the right direction.

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Andy Raskin

A few months ago, my friend Tim took a new sales job at a Series C tech company that had raised over $60 million from A-list investors. He’s one of the best salespeople I know, but soon after starting, he emailed me to say he was struggling.

“I’ve landed a few small accounts,” Tim said. “But my pitch falls flat at big enterprises.”

 

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You can’t win at office politics, but you can get better at playing the game. In this episode, Tina Seelig, Professor of the Practice in Stanford’s Department of Management Science & Engineering, along with Kit Rogers of Rambus Cryptography Research and Lauren Isford of Facebook share how they’ve navigated the intricate systems of power that shape every workplace. It’s a lot like team sports: you’ve got to know when to pass the ball and let someone else shine—and when to take your own shot.

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Ipesicide-spray-pixanfants who are exposed to common agricultural pesticides during pregnancy and in their first year of life are at an increased risk of autism spectrum disorder (ASD), according to data from a study headed by researchers at the University of California, Los Angeles (UCLA). Reporting their findings in The BMJ, UCLA associate professor Ondine S. von Ehrenstein, PhD, and colleagues suggest that the population-based case control study, which to their knowledge is the largest to have investigated pesticide exposure and ASD, supports “the need to avoid prenatal and infant exposure to pesticides to protect early brain development.”

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The iPhone, Amazon, and Uber have yet to deliver the kind of productivity boom that led to a burst of American prosperity in previous eras of technological advances. But new data suggest the latest technology boom is starting to give the economy a jolt.

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The age-old question continues to arise today. Are successful entrepreneurs born or made? This single question has rattled the minds of many thought leaders, industry authorities, professors and even entrepreneurs like myself. It appears so simple when asked, yet upon scratching the surface slightly, it becomes a far deeper equation.

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While it might be surprising for some to see giants in the food and drink business enter the venture capital arena, that is exactly what is happening. A number of companies, including giants such as Kellogg (NYSE: K) and General Mills (NYSE: GIS) have been contributing excess capital into this area, but today it appears that one of the largest coffee company’s will be jumping into this market as well.

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