Venture capitalists, surprisingly, require little information before they make an
investment.
Most venture capital funds later stages of venture development, not the start-up (or
seed) stage.
Design patents last for 20 years.
Most firms generally gather primary data and then see if there is secondary data to
supplement it.
Innovation is the process by which entrepreneurs convert opportunities into marketable
ideas.
Creativity is most likely to occur when the ‘climate’ is right. The text listed several
important characteristics of this climate. What is the right climate?
A firm’s pricing structure dictates almost no knowledge to customers.
‘Intensity of competition’ changes the dominance of problem areas.