commitment
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Mandelbaum talks about how luck and timing are key factors in entrepreneurial success. Commitment and perseverance are also essential. In most cases, if you try hard enough and are willing to do whatever it takes, the company can be successful, she notes.
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Ray Lane, VC for Bloom's company, PodShow, talks about how his commitment as an investor goes beyond investing. He has helped PodShow grow in the market by building connections with the right people. He also believes that conflicts of interest between a VC and founder are mitigated as long as the VC's don't invest in competitors of the company.
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Komisar believes that the ability and commitment to building businesses rather than just investing in it is what makes successful venture capital firms.
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Pam Marrone, founder and former Chairman/CEO of AgraQuest Inc., talks about how she turned her childhood passion and love for bugs into a lifelong commitment that led her to found AgraQuest.
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We consider games in which players move sequentially rather than simultaneously, starting with a game involving a borrower and a lender. We analyze the game using "backward induction." The game features moral hazard: the borrower will not repay a large loan. We discuss possible remedies for this kind of problem. One remedy involves incentive design: writing contracts that give the borrower an incentive to repay. Another involves commitment...more
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We first apply our big idea--backward induction--to analyze quantity competition between firms when play is sequential, the Stackelberg model. We do this twice: first using intuition and then using calculus. We learn that this game has a first-mover advantage, and that it comes commitment and from information in the game rather than the timing per se. We notice that in some games having more information can hurt you if other players know y...more
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Hennessy answers the question: Can the walls between Stanford and Silicon Valley ever become too permeable? Yes, he says, there are situations in which a conflict of interest or conflict of commitment can cause problems. The break between academia and business should occur when the focus of the research becomes about productizing the research rather than about the research itself.
