“One of the strategic tasks of an innovator is to deter imitation for as long as possible. This applies not just to companies in established markets, but to startups that are creating new markets. Startups too must try to deter imitation,” writes Jerry Neumann, who happens to be one of my favorite thinkers. He is … Continue reading Moats & Competiton

The essence of venture business

Jerry Neumann, a venture capitalist who also teaches a course on entrepreneurship at Columbia University’s engineering school has outlined in great detail the history of venture capital during the 1980s. The treatise is a timeline of multiple boom-and-bust cycles that make up the every changing history of Silicon Valley. I, personally, have been part of many of these cycles. There … Continue reading The essence of venture business