Our friend Verne Harnish, author of “The Rockefeller Habits,” shared this Economist article with us today. Daniel Isenberg, of Babson Executive Education, takes issue with the Economist’s report on tech start-ups. Our favorite quotes:
- “The distinction between tech and non-tech entrepreneurship is false.”
- “Entrepreneurship and startups are not one and the same.”
- “Scaling up is vastly harder than starting up. … starting up a venture is just the first baby step on a long hard trudge to scale up.”
- “That start is such a short leg of the journey: back-breaking during your first months is nothing compared to running the entire marathon with your startup-broken back. It typically takes a decade or longer, not months or a couple years, to build a venture of value, with any semblance of robustness and return.”
See full article here: http://www.economist.com/blogs/schumpeter/2014/01/invitation-daniel-isenberg