Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

caution

Let’s just get this one out of the way.

1. You probably won’t get a fair hearing. The seductive narrative of Silicon Valley stars a genius-hero who goes on a journey, overcomes myriad obstacles, has a flash of insight and is rewarded by wise and benevolent investors with Series A funding.

This narrative is bullshit, but it’s everywhere. Take Marc Benioff’s bookBehind the Cloud. Not to pick on Benioff – I’m a fan, his foundation does good work and his book contains its own chapter on why you shouldn’t raise VC – but he started salesforce.com on leave from his executive gig at Oracle, with $6m in savings (!!!), $2m in seed money and the mentorship of Larry Ellison. That makes it difficult to buy into any portrayal of him as an underdog — but it also offers some insight into the kinds of people that do get funded.