Skunk works differed from advanced research groups in that they were more than just product development groups. They had direct interaction with customers and controlled a sales channel which allowed them to negotiate their own deals with customers.
From Steve Blank
Decades before we were able to articulate the value of 'getting out of the building' and the Lean Startup, the value in having skunk works controlling their own distribution was starkly evident.
Skunk works were emblematic of corporate structures that focused on execution and devalued innovation.
The Columbia Startup Lab is a visible symbol of how the university is making entrepreneurship an integral part of all colleges at the university.
Michael Bloomberg has yet to get his due for engineering the New York entrepreneurial ecosystem.
One can make the case that the New York venture capital industry is rooted in the 21st century, not the 20th.
Great VCs do everything they can to make you successful. But just like your bank, credit card company, mortgage holder, etc. they are not confused where their long-term loyalty lies.
Market type determines the startup's customer feedback and acquisition activities and spending. It changes customer needs, adoption rates, product features, and positioning as well as its launch strategies, channels and activities.
It's worth noting that everything - from the Internet to electric cars, genomic sequencing, mobile apps, and social media - were pioneered by startups, not existing companies.
In a web/mobile startup, coding is not an outsourced activity. It's an integral part of the company's DNA.
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