(Whether it will eventually work no one knows, but the payoff could be so large, investors will take the risk.) If the product does work, and say we’ve developed a drug that cures a type of cancer, your only problem is how big is the licensing deal going to be – not about whether there will be customers. These are markets where it may take 5 or even 10 years to get a product out of the lab and into production. There’s a whole other set of markets where the risk is truly invention. In these markets it’s all about customer/market risk. The real risk in markets like Web 2.0 is whether there is a customer and market for the product as spec’d.
Invention Risk – Click to Enlargeįor companies building web-based products, product development may be difficult, but with enough time and iteration engineering will eventually converge on a solution and ship a functional product – i t’s engineering, not invention. Technology, Innovation, and Great Power Competition – Wrap Up.What’s Plan B? – The Small, the Agile, and the Many.Save the Date! the 5th Lean Innovation Educators Summit.The Semiconductor Ecosystem – Explained.The Quantum Technology Ecosystem – Explained.Kathleen Hicks visited Stanford’s Gordian Knot Center for National Security Innovation Here’s What Happened When Deputy Secretary of Defense Dr.Cram Down – A Test of Character for VCs and Founders.Lessons for the DoD – From Ukraine and China.Artificial Intelligence and Machine Learning– Explained.Finding and Growing the Islands of Innovation inside a large company – Action Plan for A New CTO.Technology Innovation and Modern War (20).Technology Innovation and Great Power Competition (13).NIH (National Institutes of Health) (17).Gordian Knot Center for National Security Innovation (7).
Business Model versus Business Plan (64).
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