A very brave post here.
In New Zealand are we selling ourselves short and becoming the low-cost innovation locale for other countries? Only to lose the innovations through acquisitions? And how much value do serial entrepreneurs really bring the 2nd, 3rd, 4th or 5th time around.
It’s a dialogue that the powers that be would rather not enter into – but we need to analyse whether our current strategy is optimal.
Paul’s comments about the rate of change and rate of new ventures needed to replace those being sold off (1 in 100 new ventures succeeds to scale, if it is then sold off shore we need to be setting up 100 new ventures for everyone exported) is spot on.
More to come…..