Should the Entrepreneurial Development infrastructure, i.e., business schools, incubators, and area developers, shift from product-focus, that helped 1% of unicorn-entrepreneurs (UEs), to strategy-focus, that helped 99%?
Entrepreneurial Development today focuses on finding viable products, promoting them via pitch contests and shark tanks, and funding them with angel capital, and venture capital (VC), i.e., the Product-Angels-VC method, to build a growth venture.
But is this the best strategy for Entrepreneurial Development?
skin in the game. VC was not key to his success.
· Walmart: Sam Walton built Walmart and beat Kmart by starting with $25,000 from his in-laws. His initial strategy was to
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