(click on the image to make it bigger)
Venture capitalists fund insights—that is, they let the magical process that generates new ideas take its course, and then they jump in. I’ve always wondered if a different kind of model could “fly”, a model where a venture capital company makes insights rather than funds them, hiring smart people, coming up with ideas, patenting them and then licensing them to interested companies. Science fiction?
Well, not anymore… Something like that just happened in the US, and I find the idea so compelling. Natahn Myhrvold, a former Microsoft executive, just did that, founding a company named Intellectual Ventures, raising more than $100m. Take a look at the picture to understand the process… He may prove that the kind of insight that leads to invention can be engineered!
1 comments:
Hi Lluis, totally agree with you, "intelligent" VCs live in two words, they feed on a continuous stream of ideas and they observe how and why the ideas crash or fly. After a while they develop the kind of insight that is key for success.
So what are the barriers for creating a fund like intellectual ventures? Insightful people, perhaps, but the business model should fly, like a proactive business incubator. Hey, give it a try!
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