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innovation DAILY

Here we highlight selected innovation related articles from around the world on a daily basis.  These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.

Think3 s 1B fund takes serial entrepreneurship to a whole new level

New private equity firm Think3 has $1B to take over companies that don’t quite reach “unicorn status,” but aren’t crashing and burning either — so founders can “stop wasting their lives.”

The fund targets middle-of-the-pack businesses in the “sweet spot” of $5m-30m in revenue, paying out 1-2x annual revenue in exchange for the company. 

They then give those companies’ founders either $500k of backing with no equity, or $1m with equity, for their next venture.


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Taking a plunge in cold water paid off for a 28-year-old man with chronic nerve pain.

A case study published Monday in The BMJ tells the plight of a man who was debilitated by chronic pain 10 weeks after a successful surgery to curtail chronic facial flushing. (The procedure involves cutting the nerves responsible for blushing, which are found in the chest.) Drugs weren’t working, the researchers write, and exercise seemed to make things worse, rendering his prescribed physical therapy program all but impossible.


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The word crisis suggests something that happens infrequently. But these days, crises have become a regular state of affairs. Brands that you’d think would be fairly immune to scandal have found themselves embroiled in controversy. And those that deal with public relations challenges regularly have still been caught off guard by a customer insurgency. Some crises disappear quickly and others never seem to go away.


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Macroeconomic changes lead to bias in how we assess the work of others.

In Outliers, nonfiction writer Malcom Gladwell makes the point that typically success does not result uniquely from hard work or innate smarts. Often, luck, good timing, privilege or some other external circumstance provides the boost to push a qualified person into the ranks of the highly successful.


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One of the most common questions I get asked by senior managers is “How can we find more innovative people?” I know the type they have in mind — someone energetic and dynamic, full of ideas and able to present them powerfully. It seems like everybody these days is looking for an early version of Steve Jobs.

Yet in researching my book, Mapping Innovation, I found that most great innovators were nothing like the mercurial stereotype. In fact, almost all of them were kind, generous, and interested in what I was doing. Many were soft-spoken and modest. You would notice very few of them in a crowded room.


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phone location

US military officials were recently caught off guard by revelations that servicemembers' digital fitness trackers were storing the locations of their workouts - including at or near military bases and clandestine sites around the world. But this threat is not limited to Fitbits and similar devices.

My group's recent research has shown how mobile phones can also track their users through stores and cities and around the world - even when users turn off their phones' location-tracking services.


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“It’s in moments of decision that your destiny is shaped.”

Such is the wisdom I obtained the other day from a fortune cookie.

It’s a familiar message, one stated more notably by Martin Luther King Jr.:

“The ultimate measure of a man is not where he stands in moments of comfort, but where he stands at times of challenge and controversy.”

And Abraham Lincoln:

“If you want to test a man’s character, give him power.”


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