chap02 - Technology Ventures : From Idea to Opportunity...

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Unformatted text preview: Technology Ventures : From Idea to Opportunity Chapter 2: Summary In the field of observation, chance only favors minds which are prepared. Louis Pasteur How can an entrepreneur identify and select a valuable opportunity? The choice of an opportunity and the decision to act is a critical juncture in the life of an entrepreneur. With the decision to act, the entrepreneur prepares a business summary for the venture that is used to test the new venture with potential investors, employees, and customers. Summary Technology Ventures : From Idea to Opportunity Chapter 2: Figure 2.1 Identifying the Opportunity Determining the Entrepreneurs capabilities and interests Evaluating the opportunity Writing a summary of the concept Testing the summary and the concept with potential customers and investors Deciding to act on the opportunity or look elsewhere Six steps to Acting as an entrepreneur Technology Ventures : From Idea to Opportunity Chapter 2: concept Types of Opportunity : Opportunity Pull : the size of the opportunity attracts opportunity seekers to attempting to exploit it. Example : A drug to mitigate the effect of Alzheimers disease. Technology Ventures : From Idea to Opportunity Chapter 2: concept Types of Opportunity : Capability Push : a new technology or capability causes a search for new applications....
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chap02 - Technology Ventures : From Idea to Opportunity...

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