How Entrepreneurs Succeed Outside Silicon Valley

HBR IdeaCast

Harvard Business Review

Strategy, Marketing, Hbr, Harvard, Leadership, Entrepreneurship, Business/management, Business, Innovation, Economics, Finance, Teams, Management, Communication, Business/entrepreneurship, Business/marketing

4.3 • 1.9K Ratings

🗓️ 7 April 2020

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Alex Lazarow, venture capitalist at Cathay Innovation, says that start-ups in cities around the U.S. and the world are creating their own rules for success. While Silicon Valley companies have sparked key innovations and generated huge wealth over the past few decades, not everyone should use them as a model going forward. In fact, we can learn more from frontier entrepreneurs, who are thinking more creatively about raising capital, sourcing talent, and pursuing social impact. Lazarow is the author of the book "Out-Innovate: How Global Entrepreneurs--from Delhi to Detroit--Are Rewriting the Rules of Silicon Valley."

Transcript

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0:00.0	How do you navigate gender in your workplace?
0:04.0	HBR's fan favorite podcast Women at Work is back with personal stories, the newest research,
0:09.2	and practical advice on navigating disability, career failures, and joining a board.
0:14.0	Listen for free to H-BRA's women at work wherever you get your podcasts.
0:17.8	Hi everyone, it's Allison. I hope that you're all staying healthy and
0:24.3	sane during this COVID-19 pandemic the world has changed so much at
0:30.1	HPR we're social distancing I'm recording this from my bedroom but the
0:34.8	episode that you're about to hear was taped before the crisis hit so we did not
0:38.7	discuss it or its implications on startup ecosystems around the world.
0:43.0	What I do know is that we need the innovation and social impact
0:47.0	that our guest talks about more than ever.
0:50.0	Thank you.
0:53.0	stay safe.
0:54.0	Welcome. Welcome to the HBO Ideacast from Harvard Business Review. I'm Allison Beard. Silicon Valley isn't just a place anymore. It's known as the world's most
1:20.3	important entrepreneurial ecosystem, synonymous with innovation and new
1:24.9	tech startups and as a creator of incredible wealth. This is something that
1:30.0	people in communities around the world would like to emulate.
1:33.6	In places like Nairobi's Silicon Savannah, Dubai's Silicon Oasis, and Cambridge England's
1:39.3	Silicon Fenn, they're trying.
1:41.7	But today's guest says that Silicon Valley shouldn't be a model
1:44.4	for everyone. In fact he thinks we can learn more about the future of
1:48.3	entrepreneurship from innovators who are creating successful businesses in different lesser known markets, those working on the frontier.
	...

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