An interesting article on entrepreneurship in Bloomberg BusinessWeek (A Reset for Entrepreneurship, June 29, 2020) highlights some points that need to be amplified and some that need to be explored.
Amplify
The article says that venture capital (VC) has a Silicon Valley skew. Yes. More than 90% of billion-dollar entrepreneurs in Silicon Valley used VC – but they delayed getting it till Aha, when their potential was evident. But here’s the interesting point – more than 90% of billion-dollar entrepreneurs outside Silicon Valley grew without VC. Let’s give exposure to unicorn-entrepreneurs who do not use VC.
