The venture economy is taking of

Since the beginning of this decade, the Internet is changing the way we live, learn and work. The impact is unprecedented, entire industries are being disrupted. Corporations and institutions are struggling with the transformation to digital, new business models and...
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Start-ups vs corporates

Ask yourself: “Are we in business to create or do we cultivate a culture of protecting market share, revenue, profit or headcount … ?“ For a long time corporations and start-ups had not much in common when it comes to...
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The venturing operating model – designed for growth

For decades governments and business leaders are trying to understand the venturing ecosystem in Silicon Valley. With over 30,000 start-ups, a world leading venture capital industry and continuously emerging high growth technology companies, the Bay Area is the most admirable...
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Ecosystem strategies require corporations to change their operating model

Much effort has been put into establishing venturing ecosystems. Mostly, these attempts were focused on stimulating venture capital and entrepreneurship through incubators and entrepreneurship programs. However, with the emerging seed- and crowdfunding platforms – such as Angellist, Indiegogo, Y-combinator and...
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The return of corporate venturing

While corporates and ventures need each other more than ever, M&A is no longer the exclusive recipe for success. A smart approach is needed to preserve the venture culture on the one hand and to optimally benefit from corporate infrastructure...
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Crowdfunding & collaboration platforms

The ability to pivot – changing direction – is one of the core assets of an early stage venture team. Collaboration and (crowd) funding platforms enable millions of entrepreneurs, hackers, specialists, investors, backers and visionaries to collaborate and to eliminate...
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Open Source

We see many good examples of companies stimulating their employees to participate in the venture economy. Today, most technology companies allow their developers to personally open source the code they developed. Not so long ago such code would be considered...
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The challenges of the venture economy

A new venturing model is being developed at the tail of the venture industry. It is based on innovations in venturing such as the lean start-up[1] methodology, cloud services, collaboration platforms, accelerators, crowd funding and micro venture capital platforms. These...
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The future of business incubation and venture funding

Needless to say that it is hard to predict the future of business incubation and venture funding. Nonetheless, we see a number of trends of breakthrough methodologies and innovations that are changing the venturing landscape dramatically. Interestingly, these innovations are...
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A final note on venturing

It’s through the blockbuster VC model that the venture capital industry became renowned for fuelling innovation and entrepreneurship. In the next decade this model will no longer be the exclusive venturing approach. Venturing will become accessible to any one with...
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The Open Incubation Playbook

  A new approach to business incubation in the venture economy Venturing is the gateway for ideas and dreams to become real. In the Venture economy, I wrote about the unprecedented opportunities for millions of people to create a better...
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The milestone driven start-up

Traditionally start-ups depend on investors for funding. Traditionally, start-ups are milestone driven based on detailed business plans as the execution of the business plan triggers the release of milestone payments by venture capitalists. However, the issue with the traditional milestone...
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Open Incubation – a venture governance model for lean, open and collaborative venture teams

A new generation of entrepreneurs has started to think differently about the purpose of a venture, its values, organizational design, collaboration, sharing and (equity) ownership. With such intentional background, the set-up of those ventures is lean, open and collaborative. Open...
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Why should I apply the Open Incubation model?

Starting a new venture is a team effort. Lean, collaborative and open venture teams try to benefit most from the rich experience, skills and motivation that participants bring to the venture team. During the initial explorative phase of the venture,...
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The Open Incubation model

Open Incubation is a venture governance model for lean, open and collaborative venture teams. It allows the participants to quickly agree on each others expected contributions, (potential) rewards and the rules of engagement of the venture team. With this ambition,...
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Rules of Engagement – five governance design principles

The Rules of Engagement is the first building block in the Open Incubation model. The Rules of Engagement consists of five venture governance design principles that are applicable throughout the venture life time: from start-up to incorporation to exit. Role...
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The Contribution & Reward framework

The Contribution & Reward framework is the second building block of he Open Incubation model. It enables a lean venturing approach based on sharing and collaboration between participants. Through the Contribution & Reward framework, participants make their envisaged role, contribution...
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The Venture Governance framework

The Venture Governance framework is the third building block of the Open Incubation model. The purpose of the Venture Governance framework is to guide a venture team to agree upon the main rights & obligations of the participants regarding leadership,...
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How to apply the Open Incubation model?

The set-up of the Open Incubation model is the first step in the incubation process of a venture. When first discussing the open incubation model, a venture team may first want to discuss the Rules of Engagement. Do we need...
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Ecosystems. Driving the core or developing the edge?

For decades governments and business leaders are trying to understand the venturing ecosystem in Silicon Valley. With over 30,000 start-ups, a world leading venture capital industry and continuously emerging high growth technology companies, the Bay Area is the most admirable...
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The future of business incubation and venture funding

Despite the tremendous success of the ‘blockbuster’ venture capital model, a new venture model is emerging in the tail of the venture industry. A growing number of start-ups choose a different path to develop a product or solution and to...
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Buy & build – the most popular M&A strategy of European fast growing technology companies

On 28 November, Deloitte announced the EMEA Deloitte Technology Fast500 winners in London. The technology industry is renowned for its innovation and disruptive business models. Over the past years highly successful tech exits and IPO’s became trending topics. I mention the...
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The Venture Economy

Innovation and entrepreneurship are hughly important to transform our economies. Not an easy undertaking these days. Yet, despite the financial crisis and increasing unemployment rates, I like to mention two disruptive developments that, in addition to crowd funding (see blog...
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Platform Publishing – a new operating model for media companies

Traditional media companies manage diversified portfolios of newspapers, magazines, Internet, radio and TV channels. As a result of decreasing (print) volumes and a shift of advertising spend from print to Internet, mobile and TV, profit margins are diminishing year over...
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Open Incubation goes mainstream through crowd funding

A few weeks ago Deloitte published the TMT Predictions 2013. One of the predictions covers the rise of crowd funding portals. Well-known international players are Causes, Kickstarter and Ulule. In addition, numerous niche or local crowd funding initiatives have been...
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TEDX Human Nature Forecast 2011

Daan Witteveen is industry leader Technology Media & Telecom (TMT) at Deloitte with a passion for technology enabled business models, innovation and venturing. When asked what human nature is to him in his field, Daan replies: “Human nature is to initiate...
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The Open Incubation Quadrant

Open Incubation builds upon open innovation and distributed entrepreneurship. Open Incubation is a game changing development in innovation and venturing. It captures concepts such as lean, agile, collaboration, openness, social and sharing. Open Incubation is an invitation to participate in...
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The Tipping point of the Future is Today

Last year as part of the Growth Track program at Deloitte, we invited a number of thought leaders to share with us their view on the world in 2020. Although the speakers were experts in a variety of domains such...
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The End of the Debt Fueled Economy

In the industrial age, the GDP growth in the Western world had been funded by constantly increasing debt levels. Governments, companies and families were able to take on more loans through sofisticated financial instruments. Countries year after year funded deficits...
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