Cheat sheet: Success Factors in New Technology Ventures
Some sobering statistics remind that, even after gaining initial funding, your high-tech startup still isn't out of the woods. From Success Factors in New Ventures: A Meta-analysis:
...after four years only 36 percent... of (U.S. New Technology Venture) companies with more than five full-time employees had survived.If you want a handy reference to which factors consistently were correlated with survival for U.S. NTV's, here's your cheat-sheet (in order of decreasing importance):
- Supply chain integration: "A firm’s cooperation across different levels of the value-added chain (e.g., suppliers, distribution channel agents, or customers)"
- Market scope: "Variety in customers and customer segments, their geographic range, and the number of products"
- Firm age
- Size of founding team
- Financial resources
- Founders’ marketing experience
- Founders’ industry experience
- Existence of patent protection
The positive correlation of patent protection contrasts with Guy Kawasaki's disdain for patent protection, although Guy may be speaking towards new software startups specifically rather than to NTV's as a whole.
These factors consistently failed to be correlated with survival for NTV's:
- R&D experience
- Prior start-up experience (a recurring puzzle)
- Environmental dynamism: "High pace of changes in the firm’s external environment"
- Environmental heterogeneity: "Perceived diversity and complexity of the firm’s external environment"
- Competition intensity
4 comments:
Very, very interesting. The #1 and #2 sound surprisingly similar to what I consider to be the top priorities for my current business.
I wonder if these points can be reformulated as actionable items.
Warning: I'm not in a good mood. This may not be pleasant. tech support
Phone Number Search. ... With BeenVerified's reverse phone lookup, you can search cell phone and landline phone numbers to uncover the name of the owner and so much more. ... Perfect for cell phonenumbers, texts, telemarketers, business contacts and landlines. how to skip trace
400-101 exam questions Cisco 400-101 exam dumps in VCE Files with Latest 400-101 questions. Latest Cisco 400-101 practice test questions with 100% verified answers. Download
Post a Comment