There is a very real knowledge gap in the early stage start-up game, on both sides of the table. First-time entrepreneurs lack the seasoning to captain a steady ship through turbulent waters. Inexperienced friends and family (and, increasingly, crowdsourced investors) lack the ability to gauge the viability of a business, or to mentor naïve entrepreneurs.
This knowledge gap, I have come to believe, is best filled by savvy incubators. However, there are over 7,500 business incubators around the world. Most of them fail.
Image Courtesy of David Castillo Dominici / FreeDigitalPhotos.net
To read the original article: The Problems With Incubators, and How to Solve Them - Sramana Mitra - Harvard Business Review
