The Financialization of Disruptive Technology
The Agile Manager
SEPTEMBER 30, 2019
Organize for innovation , re-acquire lost tribal knowledge , challenge - but respect - commercial orthodoxy , and constantly re-apply what you learn to change the rules of engagement in an industry. A recent FT Lex article on biotech investing drives the point home: "A 20-year study found only one-fifth of exits were profitable. Cheap capital makes it easy for anybody to enter the innovation game. Deep pocketed investors make it expensive to stay in the innovation game.