Venturing on the Frontiers - A simple guide.Originally uploaded by Michael Lewkowitz There seem to be two types of bets that investors make when doing a deal. A bet on the team. A bet on the plan. The closer to the frontiers (early stages and deep change) the greater the emphasis is on the team. And rightly so. We all know that plans don't last on the frontiers.So how can we get better at investing on the frontiers? Surely betting on the team alone isn't a sound investment strategy.From my conversations the current practices seem ...
Venturing on the Frontiers - A simple guide. Originally uploaded by Michael Lewkowitz I wrote about the gist of this image here. Now I'm turning to the implications for venturers.Quite simply the essence of venturing is a process. A process of creating spaces for things to happen (some call it 'luck'). The simpler and more accessible the space, the easier it is to get people engaged and get things done (some would say 'the luckier you get').Sound simple? It should be, but can you simply articulate the 3 primary spaces for your venture? Do you ...
Venturing on the Frontiers - A simple guide.Originally uploaded by Michael Lewkowitz Venturing on the frontiers is about the early stages of taking on big challenges. It's a space where conventional models to planning and management prove ineffective. It's the place where entrepeneurs trust their 'gut' and face the challenges with an unrelenting push forward. And it's the place from which the greatest change can come about.I've been tapping my own experience, researching into systems science and talking with some of North America's leading venture investors who are themselves pushing the frontiers. Through all of that ...
I've been asked a few times about what I'm working on in simple terms. Not always easy for me - but here goes top-of-mind while riding the train...My focus is on venturing and venture investing 'on the frontiers'. venturing is about organizing and directing resources toward a purposeventure investing is about improving the capacity of ventures to achieve their purpose (or certain milestones along the way)'on the frontiers' means the places where conventional ways of doing things are least effectiveMy work is focused on being able to systematically improve ventures and venture investors operating on the frontiers. My belief is ...
Many things have been picking up the 'social' modifier lately. Here are some of the ones I'm encountering and what I think they mean.First, the modifier 'social'modifies the following word to the focus of serving a social (and/or environmental) benefitSocial-techtechnology employed for social benefit (most commonly digital Social-changeconcerned generally with societal change and how it happensSocial-innovationinnovations and the process of innovating solutions that deliver or enable social changeSocial-venturea venture with purpose primarily concerned with delivering social benefitSocial-entrepreneurshipconcerned with developing and supporting entrepreneurs focused on social change (and primarily social ventures)Clearly, each of these words describe fields with much activity and ...
Igniter :-P RT @JPBarlow: If you ever reach total enlightenment while you're drinking a beer, I bet it makes beer shoot out your nose. - Jack Handy [igniter].