Innovation, especially when it’s disrupting an established industry, is not always easy to appreciate early. The iPad was initially dismissed by many, but consumers thought differently and helped Apple create an entirely new category of computing devices. Amazon, Google, Netflix, Facebook, SalesForce and countless others have managed to find an fresh perspective on an existing business, and as a result grew quickly beyond the reach of far larger competitors.
Improvements in development tools, the wide availability of open source software, Cloud infrastructure, and readily available funding have made it easier to new ideas to be tested, launched and scaled. The number of new startups today is at an all time high and hi-tech startup clusters are appearing in nearly every major city around the world. Undoubtably a handful of these startups will have a real impact on the world we live in.
VentureMind is a strategic consulting firm that follows a systematic approach to identifying innovation as early as possible. Many large corporations scramble when the begin to lose market share or when they feel their current products are losing steam. This is often too late. VentureMind’s goal is to provide its customers with as much advance intelligence as possible about the private technology companies in their space and their rate of growth. Based in Silicon Valley, VentureMind reviews dozens of companies every week, testing out the latest releases and interviewing founders, investors and employees. VentureMind helps its customers answer key questions: Which new ideas are working and which are not? Which early stage companies are growing faster than others? How stable is their revenue? How solid is their management team and corporate culture?
We are living in an age of rapid technological evolution. Each new company is trying a slightly different approach, and natural market selection will favor the best. Many strategic buyers prefer to wait and see which early stage companies succeed before making a move. Some, including many of Silicon Valley’s current crop of Internet giants are taking a different approach. They are buying small, talented teams with fresh ideas. Others prefer to simply adopt ideas, acquire key patents or license technology. Whatever your strategy, VentureMind can be your guide to adopting, acquiring or licensing external innovation.
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