Understanding the Creative Economy and the Future of Employment by Jorge Eduardo Fernandez-Pol & Charles Harvie

Author:Jorge Eduardo Fernandez-Pol & Charles Harvie
Language: eng
Format: epub
ISBN: 9789811516528
Publisher: Springer Singapore

4.5.5 Profile of the Ideal Innovator

The scarcest input a VC has is time, not capital. The challenge of the VCs is to identify innovators who can advance new ideas (e.g. a new technology) to the Maturity Phase where the company can be sold to a bigger corporation or taken to an IPO. VCs face a difficult task because they have to evaluate risks not only about the new ideas but also about the personal characteristics of the innovator.

Ideally, an innovator should display several attributes, including but not limited to, the innovator has a good reputation and is well qualified in an area of high growth (e.g. renewable energy sector); the innovator tells a compelling story about her new idea; the innovator understands why equity has to be allocated to other people and is not offended by that; and the innovator understands the typical deal structure and is not offended by that.3

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