Can the entrepreneurial development ecosystem split in two to create more unicorns?

Is the Entrepreneur Development Ecosystem (EDE) neglecting entrepreneurs?

At a conference on the future of EDE, everything remotely related to new business appeared to be under the umbrella of EDE, such as:

· Venture Development, Entrepreneur Development, Social Development: Venture Development is a Tech-VC model based on new innovations. Entrepreneurial development is a model based on entrepreneurial skills. Social development seeks to solve social problems with entrepreneurial strategies. They were all discussed as part of EDE.

· SMEs and VC-funded ventures: SMEs and VC-funded unicorns were perhaps discussed as two types of entrepreneurial for-profit companies.

· Commercial Venture, Social Venture, Lifestyle IssuesEntrepreneurial skills seem to be thought to help find new solutions to solve any problem.

The entrepreneurial development ecosystem has two basic themes.

· Venture developmentWe cover idea innovation, strategy, pitches, angel capital, and VC based on opportunity and capital. VCs replace entrepreneurs with professional CEOs after opportunities or strategic possibilities become apparent.

· entrepreneurial skills, This includes expertise in starting, launching and building ventures into successful companies. Entrepreneurs stay as CEOs and manage their ventures and the wealth they create by using financial smart skills to grow with or without venture capital. can help

The key questions for business schools are:

Do business school EDEs have the resources and expertise to justify all of the above (venture development, entrepreneurial development, social development, SMEs, etc.) or should they be focused on? If so, where?

· Does the business school EDE focus on entrepreneurial skills for students and entrepreneurs, or does it include venture development assuming it is the same as entrepreneurial skills?

Here are four reasons why Business-School EDE should focus on entrepreneurial skills rather than venture development.

Skills are the foundation of all ventures. VC has no basis

· Skills are the foundation of any venture, whether it’s a growth venture, a small business, or a social venture. VC is not the basis for anything. “Everything” it adds (according to some entrepreneurs) is capital after proof of feasibility, which about 80% of funded ventures fail.

・Skills do not depend on VCs because entrepreneurs reach aha without VCs. VCs rely on skills that bring ventures to Aha where VCs can see evidence of potential.

naVenture Development focuses on ventures.Entrepreneurial skills focus on entrepreneurs

· Venture development focuses on product innovation, pitch contests, angel capital, minimal viable products, and VC. VCs are supposed to fund high-potential ventures and replace entrepreneurs with professional CEOs. So venture developers don’t have to worry about financial smart strategies and skills to grow without VC.

· Entrepreneurial Skills focuses on the needs of entrepreneurs. We teach the proven skills and smart financial strategies of unicorn entrepreneurs to take off without VC and grow with or without VC after takeoff. VC is of little use after Aha. Entrepreneurial skills are useful both before and after aha. These skills bridge the gap from idea to Aha when the possibilities are obvious.

Venture development requires a VC. Entrepreneurial skills require expertise.

· Venture Development looks for viable products and strategies to attract angel capital and VCs as entrepreneurs change hands.

· Unicorn-Entrepreneurship uses finance smart skills, strategic innovation, smart capital and launch without VC. Entrepreneurial skills can develop self-sufficient entrepreneurs. Not all entrepreneurs can attract teams and capital, nor do they want to.

Venture development is of little use. Entrepreneurial skills help all.

Venture development and VC account for about 20/100,000 entrepreneurs, about 6% of billion dollar entrepreneurs who got VC early and were replaced by CEO, and about 3% of VCs (nearly all It’s located in Silicon Valley and is said to make about 95% of VC profits.

· Entrepreneurial Skills can teach the self-sufficient skills and smart strategies of unicorn entrepreneurs who have worked for everyone, everywhere. We have backed about 94% of billion dollar entrepreneurs who have either avoided venture capital or delayed VC and retained control of their ventures.

My take: There is not enough capital to fund all the aspirations of entrepreneurs around the world. Instead of focusing on capital-intensive venture development, business schools should focus on financially savvy entrepreneurial skills so that everyone can develop more successful ventures, everywhere, with less capital. I can. And guess what? Even VCs can benefit. There will be more unicorns they can fund.

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