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	<title>Comments for ideanomics</title>
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	<link>http://ideanomics.com</link>
	<description>the value of great ideas</description>
	<pubDate>Wed, 10 Mar 2010 18:50:55 +0000</pubDate>
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		<title>Comment on Why Business Schools Should Be Teaching IP Management by Innovators: Make Sure Your Company Owns the Fruits of Your Open Innovation Projects &#8211; IP Asset Maximizer Blog</title>
		<link>http://ideanomics.com/2008/07/24/why-business-schools-should-be-teaching-ip-management/#comment-198</link>
		<dc:creator>Innovators: Make Sure Your Company Owns the Fruits of Your Open Innovation Projects &#8211; IP Asset Maximizer Blog</dc:creator>
		<pubDate>Mon, 27 Jul 2009 23:20:20 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=47#comment-198</guid>
		<description>[...] Open Innnovation process and should be standard procedure for any innovation professional. However, as detailed by Greg Daines in his Ideanomics blog, intellectual property strategy is not a subject that is covered in business school. As a result, [...]</description>
		<content:encoded><![CDATA[<p>[...] Open Innnovation process and should be standard procedure for any innovation professional. However, as detailed by Greg Daines in his Ideanomics blog, intellectual property strategy is not a subject that is covered in business school. As a result, [...]</p>
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		<title>Comment on Are IP Values Collapsing With The Recession? by Sam</title>
		<link>http://ideanomics.com/2009/01/27/are-ip-values-collapsing-with-the-recession/#comment-123</link>
		<dc:creator>Sam</dc:creator>
		<pubDate>Fri, 06 Mar 2009 21:17:58 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=67#comment-123</guid>
		<description>This is very interesting; most would assume a tendency for patent growth to follow the economic curve and not to precede it. What about the ip litigation cases and how they change as patents become more profitable during a recession? I think there is a lot of useful information along those lines as well.</description>
		<content:encoded><![CDATA[<p>This is very interesting; most would assume a tendency for patent growth to follow the economic curve and not to precede it. What about the ip litigation cases and how they change as patents become more profitable during a recession? I think there is a lot of useful information along those lines as well.</p>
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		<title>Comment on Book Review: The Innovator&#8217;s Guide To Growth by Idea Sandbox Broken Bulbs Kicks Off &#8220;Innovator&#8217;s Guide to Growth&#8221; Virtual Book Tour</title>
		<link>http://ideanomics.com/2008/09/23/book-review-the-innovators-guide-to-growth/#comment-118</link>
		<dc:creator>Idea Sandbox Broken Bulbs Kicks Off &#8220;Innovator&#8217;s Guide to Growth&#8221; Virtual Book Tour</dc:creator>
		<pubDate>Mon, 12 Jan 2009 13:25:53 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=53#comment-118</guid>
		<description>[...] (Tue. 23 Sept), the conversation continues at Greg Daines&#8217; Ideanomics [...]</description>
		<content:encoded><![CDATA[<p>[...] (Tue. 23 Sept), the conversation continues at Greg Daines&#8217; Ideanomics [...]</p>
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		<title>Comment on Book Review: The Innovator&#8217;s Guide To Growth by Idea Sandbox &#8220;Innovator&#8217;s Guide to Growth&#8221; Virtual Book Tour Concludes</title>
		<link>http://ideanomics.com/2008/09/23/book-review-the-innovators-guide-to-growth/#comment-117</link>
		<dc:creator>Idea Sandbox &#8220;Innovator&#8217;s Guide to Growth&#8221; Virtual Book Tour Concludes</dc:creator>
		<pubDate>Mon, 12 Jan 2009 13:23:33 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=53#comment-117</guid>
		<description>[...] Ideanomicsby Greg Daines [...]</description>
		<content:encoded><![CDATA[<p>[...] Ideanomicsby Greg Daines [...]</p>
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		<title>Comment on Are Business Method Patents Finally On Their Way Out? by Jackie Hutter, IP Strategist</title>
		<link>http://ideanomics.com/2008/10/31/are-business-method-patents-finally-on-their-way-out/#comment-109</link>
		<dc:creator>Jackie Hutter, IP Strategist</dc:creator>
		<pubDate>Thu, 06 Nov 2008 13:05:09 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=66#comment-109</guid>
		<description>As a high level patent practictioner for many years, I never liked business method patents and thought they were a big waste of money.  At the basic level, these are difficult to police for infringement, and I typically counseled that there were better things on which to spend a limited patent legal budget.  The only business method patents I recommended over the years were for defensive purposes.  The danger for my clients, of course, was that one could obtain a nasty letter from an owner of a business method patent, but this is always a possibility.  Personally, I am pleased that the Federal Circuit has ruled this way.  But, I wouldn't put a "stake in the heart" of business method patents--this one is certainly going to the Supreme Court for final resolution.</description>
		<content:encoded><![CDATA[<p>As a high level patent practictioner for many years, I never liked business method patents and thought they were a big waste of money.  At the basic level, these are difficult to police for infringement, and I typically counseled that there were better things on which to spend a limited patent legal budget.  The only business method patents I recommended over the years were for defensive purposes.  The danger for my clients, of course, was that one could obtain a nasty letter from an owner of a business method patent, but this is always a possibility.  Personally, I am pleased that the Federal Circuit has ruled this way.  But, I wouldn&#8217;t put a &#8220;stake in the heart&#8221; of business method patents&#8211;this one is certainly going to the Supreme Court for final resolution.</p>
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		<title>Comment on Book Review: The Innovator&#8217;s Guide To Growth by &#8220;Innovator&#8217;s Guide to Growth&#8221; Virtual Book Tour Concludes</title>
		<link>http://ideanomics.com/2008/09/23/book-review-the-innovators-guide-to-growth/#comment-90</link>
		<dc:creator>&#8220;Innovator&#8217;s Guide to Growth&#8221; Virtual Book Tour Concludes</dc:creator>
		<pubDate>Fri, 26 Sep 2008 15:14:26 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=53#comment-90</guid>
		<description>[...] Ideanomicsby Greg Daines [...]</description>
		<content:encoded><![CDATA[<p>[...] Ideanomicsby Greg Daines [...]</p>
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		<title>Comment on Book Review: The Innovator&#8217;s Guide To Growth by Broken Bulbs Kicks Off &#8220;Innovator&#8217;s Guide to Growth&#8221; Virtual Book Tour</title>
		<link>http://ideanomics.com/2008/09/23/book-review-the-innovators-guide-to-growth/#comment-88</link>
		<dc:creator>Broken Bulbs Kicks Off &#8220;Innovator&#8217;s Guide to Growth&#8221; Virtual Book Tour</dc:creator>
		<pubDate>Wed, 24 Sep 2008 14:15:49 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=53#comment-88</guid>
		<description>[...] (Tue. 23 Sept), the conversation continues at Greg Daines&#8217; Ideanomics [...]</description>
		<content:encoded><![CDATA[<p>[...] (Tue. 23 Sept), the conversation continues at Greg Daines&#8217; Ideanomics [...]</p>
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		<title>Comment on Creativity is the Speed Limit of Innovation by Bryan Fisher</title>
		<link>http://ideanomics.com/2008/09/12/creativity-is-the-speed-limit-of-innovation/#comment-87</link>
		<dc:creator>Bryan Fisher</dc:creator>
		<pubDate>Fri, 19 Sep 2008 07:59:08 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=52#comment-87</guid>
		<description>Is this the talk you were referring to?

http://www.ted.com/index.php/talks/ken_robinson_says_schools_kill_creativity.html

It's a great talk. I agree that being creative is often more important than being smart, simply because it isn't nearly as common. I wish formal education focused more on how to ask good questions instead of just how to find the right answer.

As pointed out, the fear of being wrong that gets ingrained in us stifles creativity and risk-taking. Google counteracts this phenomenon in the workforce with their "20% time" policy, under which employees work on experimental, pet projects one day a week. Without strict return on investment expectations, employees are free to explore new ideas. Most of the projects have probably failed, but several have become profitable, the most notable perhaps is the AdSense program.</description>
		<content:encoded><![CDATA[<p>Is this the talk you were referring to?</p>
<p><a href="http://www.ted.com/index.php/talks/ken_robinson_says_schools_kill_creativity.html" rel="nofollow" onclick="urchinTracker('/outgoing/www.ted.com/index.php/talks/ken_robinson_says_schools_kill_creativity.html?referer=');">http://www.ted.com/index.php/talks/ken_robinson_says_schools_kill_creativity.html</a></p>
<p>It&#8217;s a great talk. I agree that being creative is often more important than being smart, simply because it isn&#8217;t nearly as common. I wish formal education focused more on how to ask good questions instead of just how to find the right answer.</p>
<p>As pointed out, the fear of being wrong that gets ingrained in us stifles creativity and risk-taking. Google counteracts this phenomenon in the workforce with their &#8220;20% time&#8221; policy, under which employees work on experimental, pet projects one day a week. Without strict return on investment expectations, employees are free to explore new ideas. Most of the projects have probably failed, but several have become profitable, the most notable perhaps is the AdSense program.</p>
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		<title>Comment on Google&#8217;s Chrome is a Disruptive Threat by Jackie Hutter, IP Strategist</title>
		<link>http://ideanomics.com/2008/09/13/googles-chrome-is-a-disruptive-threat/#comment-86</link>
		<dc:creator>Jackie Hutter, IP Strategist</dc:creator>
		<pubDate>Fri, 19 Sep 2008 00:38:15 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=48#comment-86</guid>
		<description>Greg, you make the comment that "Google doesn't want to compete in the browser market".  While this may be true, before betting any money on this assertion, I would want to run some patent analytics to see whether Google is seeking to obtain patent rights in the area of browser technology. Notably, even "incremental improvements" are patentable, and at the core, Chrome may actually have more innovation than obvious from the surface.  Google is a very robust patent filer, and one can often gain insight into the future business plans of companies like Google using filed patent information.   

Also, while I see and accept your point about trying to drive the browser market along with Chrome, I had to chuckle at the reaction to this picture someone from Microsoft would have to this thought.  

Lastly, it's an interesting concept for a third party entity to try to drive product development at another company from the outside.  Do you have an example of a situation where something like this was successfully accomplished by an entity other than the government? (Governments accomplish this, for example, by funding basic reseach that can be implemented in commercial products.)  And, if Google is really trying to drive Microsoft's actions from the outside, doesn't that make it so powerful as to be "scary".  (Thankfully, they "do no evil".)</description>
		<content:encoded><![CDATA[<p>Greg, you make the comment that &#8220;Google doesn&#8217;t want to compete in the browser market&#8221;.  While this may be true, before betting any money on this assertion, I would want to run some patent analytics to see whether Google is seeking to obtain patent rights in the area of browser technology. Notably, even &#8220;incremental improvements&#8221; are patentable, and at the core, Chrome may actually have more innovation than obvious from the surface.  Google is a very robust patent filer, and one can often gain insight into the future business plans of companies like Google using filed patent information.   </p>
<p>Also, while I see and accept your point about trying to drive the browser market along with Chrome, I had to chuckle at the reaction to this picture someone from Microsoft would have to this thought.  </p>
<p>Lastly, it&#8217;s an interesting concept for a third party entity to try to drive product development at another company from the outside.  Do you have an example of a situation where something like this was successfully accomplished by an entity other than the government? (Governments accomplish this, for example, by funding basic reseach that can be implemented in commercial products.)  And, if Google is really trying to drive Microsoft&#8217;s actions from the outside, doesn&#8217;t that make it so powerful as to be &#8220;scary&#8221;.  (Thankfully, they &#8220;do no evil&#8221;.)</p>
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		<title>Comment on Google&#8217;s Chrome is a Disruptive Threat by Greg Daines</title>
		<link>http://ideanomics.com/2008/09/13/googles-chrome-is-a-disruptive-threat/#comment-85</link>
		<dc:creator>Greg Daines</dc:creator>
		<pubDate>Tue, 16 Sep 2008 01:29:33 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=48#comment-85</guid>
		<description>Thanks for the terrific comment! I actually think that we mostly agree here. 

First, from your comment I think that you DO agree with me that browsers in general pose a disruptive threat to the traditional OS. 

Second, I agree with you that Chrome is not really novel in a technological sense. It represents only an incremental improvement in certain dimensions of browser functionality. 

However, remember that Christensen's full concept of disruptive innovation isn't about technology at all. It's about the things that come along and displace incumbents. You are absolutely correct that the browser has long been recognized as that kind of disruptive threat to the OS. 

The problem is that, for all their progress and nifty features, the major browsers do not have the capability to handle advanced web-based applications very well for the reasons I mentioned in my post.

My argument is that Chrome may provide the impetus to push those capabilities into browsers that will finally tip the balance in favor the browser as the preferred application platform. 

As the owner of a web-based software development firm (&lt;a href="http://www.knowligent.com" rel="nofollow"&gt;http://www.knowligent.com&lt;/a&gt;), I can assure you that the current crop of browsers really aren't powerful enough for the kind of web-based applications that could effectively compete with traditional OS-based applications. Google wants to build those apps (and so do we and a lot of other companies), and they are tired of waiting for the major browsers to "grow-up". 

I doubt that Chrome will prove to be disruptive to the browser "market", and I don't think it will, by itself, be directly disruptive to anything else. My argument is that it is likely going to lead to the faster evolution of browsers in general in ultimately making them disruptive to the traditional OS/Application paradigm.

I think of Chrome as part of a category of products (web browsers) that are disruptive to another category (OS's). That's what disruptive innovation really means, and I believe that Chrome is going to accelerate that process.</description>
		<content:encoded><![CDATA[<p>Thanks for the terrific comment! I actually think that we mostly agree here. </p>
<p>First, from your comment I think that you DO agree with me that browsers in general pose a disruptive threat to the traditional OS. </p>
<p>Second, I agree with you that Chrome is not really novel in a technological sense. It represents only an incremental improvement in certain dimensions of browser functionality. </p>
<p>However, remember that Christensen&#8217;s full concept of disruptive innovation isn&#8217;t about technology at all. It&#8217;s about the things that come along and displace incumbents. You are absolutely correct that the browser has long been recognized as that kind of disruptive threat to the OS. </p>
<p>The problem is that, for all their progress and nifty features, the major browsers do not have the capability to handle advanced web-based applications very well for the reasons I mentioned in my post.</p>
<p>My argument is that Chrome may provide the impetus to push those capabilities into browsers that will finally tip the balance in favor the browser as the preferred application platform. </p>
<p>As the owner of a web-based software development firm (<a href="http://www.knowligent.com" rel="nofollow" onclick="urchinTracker('/outgoing/www.knowligent.com?referer=');">http://www.knowligent.com</a>), I can assure you that the current crop of browsers really aren&#8217;t powerful enough for the kind of web-based applications that could effectively compete with traditional OS-based applications. Google wants to build those apps (and so do we and a lot of other companies), and they are tired of waiting for the major browsers to &#8220;grow-up&#8221;. </p>
<p>I doubt that Chrome will prove to be disruptive to the browser &#8220;market&#8221;, and I don&#8217;t think it will, by itself, be directly disruptive to anything else. My argument is that it is likely going to lead to the faster evolution of browsers in general in ultimately making them disruptive to the traditional OS/Application paradigm.</p>
<p>I think of Chrome as part of a category of products (web browsers) that are disruptive to another category (OS&#8217;s). That&#8217;s what disruptive innovation really means, and I believe that Chrome is going to accelerate that process.</p>
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		<title>Comment on Google&#8217;s Chrome is a Disruptive Threat by Hank</title>
		<link>http://ideanomics.com/2008/09/13/googles-chrome-is-a-disruptive-threat/#comment-84</link>
		<dc:creator>Hank</dc:creator>
		<pubDate>Mon, 15 Sep 2008 17:05:53 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=48#comment-84</guid>
		<description>I disagree that Chrome is a disruptive technology at all.  The concept of the browser replacing the operating system has been around for a number of years, and is the reason that IE exists today.  

The definition of disruption from http://en.wikiversity.org/wiki/Disruptive_technology:

“Disruptive technology (or disruptive innovation) is a term proposed by Clayton M. Christensen to describe a new technology that unexpectedly displaces an established technology. This is contrasted with sustaining technology, which is viewed as incrementally improving or evolving technology.”

Based on this definition, Chrome is more of a sustaining technology that is trying to improve the existing browser technology that exists today.  

Does Microsoft have to worry about the new model of delivering applications on a browser instead of an OS?  Absolutely.  They have been worrying about this for a number of years now.  The advent of Chrome does not change this.</description>
		<content:encoded><![CDATA[<p>I disagree that Chrome is a disruptive technology at all.  The concept of the browser replacing the operating system has been around for a number of years, and is the reason that IE exists today.  </p>
<p>The definition of disruption from <a href="http://en.wikiversity.org/wiki/Disruptive_technology" rel="nofollow" onclick="urchinTracker('/outgoing/en.wikiversity.org/wiki/Disruptive_technology?referer=');">http://en.wikiversity.org/wiki/Disruptive_technology</a>:</p>
<p>“Disruptive technology (or disruptive innovation) is a term proposed by Clayton M. Christensen to describe a new technology that unexpectedly displaces an established technology. This is contrasted with sustaining technology, which is viewed as incrementally improving or evolving technology.”</p>
<p>Based on this definition, Chrome is more of a sustaining technology that is trying to improve the existing browser technology that exists today.  </p>
<p>Does Microsoft have to worry about the new model of delivering applications on a browser instead of an OS?  Absolutely.  They have been worrying about this for a number of years now.  The advent of Chrome does not change this.</p>
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		<title>Comment on Why Business Schools Should Be Teaching IP Management by Greg Daines</title>
		<link>http://ideanomics.com/2008/07/24/why-business-schools-should-be-teaching-ip-management/#comment-83</link>
		<dc:creator>Greg Daines</dc:creator>
		<pubDate>Wed, 27 Aug 2008 17:11:38 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=47#comment-83</guid>
		<description>Good question John. There really hasn't been a major business school that I know of that has taken this on. There really are not a lot of people in business schools with an IP management background. Of course there are some terrific academics studying IP in a scholarly way, but not much working to advance the state of the art in practice. However, there are a lot of courses, conferences, seminars, and the like that are out there. But it's safe to say that this really hasn't arrived on the b-school radar screen. 

Interestingly, just a few months ago Harvard announced an Executive Education course on the subject. It looks interesting. Here's the link...
http://www.news.harvard.edu/gazette/2008/08.21/00-hbs.html</description>
		<content:encoded><![CDATA[<p>Good question John. There really hasn&#8217;t been a major business school that I know of that has taken this on. There really are not a lot of people in business schools with an IP management background. Of course there are some terrific academics studying IP in a scholarly way, but not much working to advance the state of the art in practice. However, there are a lot of courses, conferences, seminars, and the like that are out there. But it&#8217;s safe to say that this really hasn&#8217;t arrived on the b-school radar screen. </p>
<p>Interestingly, just a few months ago Harvard announced an Executive Education course on the subject. It looks interesting. Here&#8217;s the link&#8230;<br />
<a href="http://www.news.harvard.edu/gazette/2008/08.21/00-hbs.html" rel="nofollow" onclick="urchinTracker('/outgoing/www.news.harvard.edu/gazette/2008/08.21/00-hbs.html?referer=');">http://www.news.harvard.edu/gazette/2008/08.21/00-hbs.html</a></p>
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		<title>Comment on Why Business Schools Should Be Teaching IP Management by John David</title>
		<link>http://ideanomics.com/2008/07/24/why-business-schools-should-be-teaching-ip-management/#comment-82</link>
		<dc:creator>John David</dc:creator>
		<pubDate>Tue, 26 Aug 2008 16:45:06 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=47#comment-82</guid>
		<description>Are there any particular business schools that are ahead of the bandwagon here, and are teaching courses in IP management and valuation? If so, which seem to be the most reputable?  Thanks in advance!</description>
		<content:encoded><![CDATA[<p>Are there any particular business schools that are ahead of the bandwagon here, and are teaching courses in IP management and valuation? If so, which seem to be the most reputable?  Thanks in advance!</p>
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		<title>Comment on Why Business Schools Should Be Teaching IP Management by Jackie Hutter, IP Strategist</title>
		<link>http://ideanomics.com/2008/07/24/why-business-schools-should-be-teaching-ip-management/#comment-35</link>
		<dc:creator>Jackie Hutter, IP Strategist</dc:creator>
		<pubDate>Fri, 25 Jul 2008 13:11:10 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=47#comment-35</guid>
		<description>Greg:  What a great post! I agree whole-heartedly with your view that "expertise creep" is a likely result of B-schools getting on the IP management bandwagon.  "IP Management" correctly has IP as the first term.  Business professionals must realize that the underlying aspects of IP must be understood for it to be managed correctly.  Like it or not, IP professionals will need to be involved in the designing and implementation of formal IP management courses.  The trick here will be to find IP professionals who can transcend the role of "geeky IP lawyer" and speak the language of business so that otherwise arcane IP concepts can be taught to and implemented by business professionals.</description>
		<content:encoded><![CDATA[<p>Greg:  What a great post! I agree whole-heartedly with your view that &#8220;expertise creep&#8221; is a likely result of B-schools getting on the IP management bandwagon.  &#8220;IP Management&#8221; correctly has IP as the first term.  Business professionals must realize that the underlying aspects of IP must be understood for it to be managed correctly.  Like it or not, IP professionals will need to be involved in the designing and implementation of formal IP management courses.  The trick here will be to find IP professionals who can transcend the role of &#8220;geeky IP lawyer&#8221; and speak the language of business so that otherwise arcane IP concepts can be taught to and implemented by business professionals.</p>
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		<title>Comment on Is innovation too risky for venture capital? by Nick Pelling</title>
		<link>http://ideanomics.com/2008/06/25/is-innovation-too-risky-for-venture-capital/#comment-30</link>
		<dc:creator>Nick Pelling</dc:creator>
		<pubDate>Thu, 17 Jul 2008 17:34:20 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=45#comment-30</guid>
		<description>Hi Greg,

Hmmm: surely "risk-averse VCs" would be like a tomato-averse pizza company? 

Perhaps the time is right for "ideanomic disruption" in the VC arena? I'm thinking in terms of a mechanism whereby banks can construct more aggressive ways of funding (such as Bowie Bonds, and/or patent-holding SPEs/SPVs, though not Enron-style, of couse). Certainly the investment banks have no difficulty in engineering weird and wonderful financial instruments, so there's no intrinsic problem with the numbers. Yet the legal cost of constructing such a working framework from scratch is currently likely to be prohibitive for all but the largest deals.

And so I think that the most disruptive piece of ideanomic research you could do/commission/support/encourage would be this: to produce a basic legal framework for a patent-holding / rights-holding SPE, so that banks can make early-stage investments into companies without invoking excessive legal cost in the process.

What do you think?

Cheers, .....Nick Pelling.....</description>
		<content:encoded><![CDATA[<p>Hi Greg,</p>
<p>Hmmm: surely &#8220;risk-averse VCs&#8221; would be like a tomato-averse pizza company? </p>
<p>Perhaps the time is right for &#8220;ideanomic disruption&#8221; in the VC arena? I&#8217;m thinking in terms of a mechanism whereby banks can construct more aggressive ways of funding (such as Bowie Bonds, and/or patent-holding SPEs/SPVs, though not Enron-style, of couse). Certainly the investment banks have no difficulty in engineering weird and wonderful financial instruments, so there&#8217;s no intrinsic problem with the numbers. Yet the legal cost of constructing such a working framework from scratch is currently likely to be prohibitive for all but the largest deals.</p>
<p>And so I think that the most disruptive piece of ideanomic research you could do/commission/support/encourage would be this: to produce a basic legal framework for a patent-holding / rights-holding SPE, so that banks can make early-stage investments into companies without invoking excessive legal cost in the process.</p>
<p>What do you think?</p>
<p>Cheers, &#8230;..Nick Pelling&#8230;..</p>
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		<title>Comment on InnoScot: The Highlands Go For IP Management by &#187; InnoScot: The Highlands Go For IP Management</title>
		<link>http://ideanomics.com/2008/07/09/innoscot-the-highlands-go-for-ip-management/#comment-29</link>
		<dc:creator>&#187; InnoScot: The Highlands Go For IP Management</dc:creator>
		<pubDate>Thu, 10 Jul 2008 01:10:00 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=46#comment-29</guid>
		<description>[...] blackalbum2020remix.com wrote an interesting post today onHere&#8217;s a quick excerpt There were not one but two very interesting reports in the past 48 hours coming out of Scotland. The first was a particularly harsh critique of Scottish efforts to commercialize IP from its Universities. Robert Hannah, a partner in account firm Grant Thornton’s technology industry group, laid blame for poor performance on a lack of management expertise, particularly in raising investment. He called for improvements in management education, but didn’t stop there. He went so far as to suggest tha [...]</description>
		<content:encoded><![CDATA[<p>[...] blackalbum2020remix.com wrote an interesting post today onHere&#8217;s a quick excerpt There were not one but two very interesting reports in the past 48 hours coming out of Scotland. The first was a particularly harsh critique of Scottish efforts to commercialize IP from its Universities. Robert Hannah, a partner in account firm Grant Thornton’s technology industry group, laid blame for poor performance on a lack of management expertise, particularly in raising investment. He called for improvements in management education, but didn’t stop there. He went so far as to suggest tha [...]</p>
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		<title>Comment on Is innovation too risky for venture capital? by Jackie Hutter, IP Strategist</title>
		<link>http://ideanomics.com/2008/06/25/is-innovation-too-risky-for-venture-capital/#comment-28</link>
		<dc:creator>Jackie Hutter, IP Strategist</dc:creator>
		<pubDate>Thu, 03 Jul 2008 18:58:37 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=45#comment-28</guid>
		<description>Great post.  There is no mystery here:  most people become more conservative as they gain experience, and they tend to rely on time-tested personal methodologies.  Unfortunately, most people don't admit that they have changed but, rather, tend to find (invent) reasons other than conservatism to explain their current state of mind.  In the context of this post, they say something odd like "we only invest in companies that have been de-risked."  This is non-sensical in the VC context, as you identify.  Like you, I agree that when VC's decide that risk aversion is the preferred business model, there are many opportunities for aggressive (and more "traditional") VC types to captitalize on such "risky" opportunities.  Hopefully, up and coming VC-types are looking at the risk-taking young version of their senior VC counterparts, not the conservative older version, or else the VC world will be on the decline.</description>
		<content:encoded><![CDATA[<p>Great post.  There is no mystery here:  most people become more conservative as they gain experience, and they tend to rely on time-tested personal methodologies.  Unfortunately, most people don&#8217;t admit that they have changed but, rather, tend to find (invent) reasons other than conservatism to explain their current state of mind.  In the context of this post, they say something odd like &#8220;we only invest in companies that have been de-risked.&#8221;  This is non-sensical in the VC context, as you identify.  Like you, I agree that when VC&#8217;s decide that risk aversion is the preferred business model, there are many opportunities for aggressive (and more &#8220;traditional&#8221;) VC types to captitalize on such &#8220;risky&#8221; opportunities.  Hopefully, up and coming VC-types are looking at the risk-taking young version of their senior VC counterparts, not the conservative older version, or else the VC world will be on the decline.</p>
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		<title>Comment on Is innovation too risky for venture capital? by Tim Ramsey</title>
		<link>http://ideanomics.com/2008/06/25/is-innovation-too-risky-for-venture-capital/#comment-24</link>
		<dc:creator>Tim Ramsey</dc:creator>
		<pubDate>Wed, 25 Jun 2008 13:45:01 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=45#comment-24</guid>
		<description>I recently came accross your blog and have been reading along.  I thought I would leave my first comment.  I dont know what to say except that I have enjoyed reading.  Nice blog.

Tim Ramsey</description>
		<content:encoded><![CDATA[<p>I recently came accross your blog and have been reading along.  I thought I would leave my first comment.  I dont know what to say except that I have enjoyed reading.  Nice blog.</p>
<p>Tim Ramsey</p>
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		<title>Comment on Do Customers Make You More or Less Innovative? by Greg Daines</title>
		<link>http://ideanomics.com/2008/06/17/do-customers-make-you-more-or-less-innovative/#comment-23</link>
		<dc:creator>Greg Daines</dc:creator>
		<pubDate>Thu, 19 Jun 2008 04:10:28 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=26#comment-23</guid>
		<description>Thanks for your comment Gary, and I completely agree with what you say. My point was simply that many software companies often don't think about the difference between adding features and "innovating". And this is a trap that many fall into because they do not have any kind of model for differentiating. It is essential to be clear about the dimension(s) of merit that matter for innovating in your market.

On the other hand, for a lot of reasons enterprise software vendors interact primarily with their most demanding and sophisticated customers/users (very much the "lead users") and work very closely with them - usually at their location for extended periods of time learning about their needs and ideas. This can lead to some very important benefits - especially the "filling-out" of the product with all the capabilities it needs to support the full needs of the customer. 

However, I am also convinced that this process is difficult to manage, not only because these big customers can come to exert enormous power over the design trajectory (and can "bully" the vendor into making the product in the customer's image), but also because this can have the effect of narrowing the product's market appeal to the segment that looks exactly like them. The company may actually end up with a very innovative and sophisticated solution, but it won't matter much if there are only 10 customers that can appreciate it. What is needed is a method for determining which "lead users" and which ideas are truly representative of broader future market trends. This has been notoriously difficult for many companies in the world of business software. This is one reason why your point about communicating with users outside of your customer base may be so useful for identifying key dimensions of innovation. Thanks again for your comments!</description>
		<content:encoded><![CDATA[<p>Thanks for your comment Gary, and I completely agree with what you say. My point was simply that many software companies often don&#8217;t think about the difference between adding features and &#8220;innovating&#8221;. And this is a trap that many fall into because they do not have any kind of model for differentiating. It is essential to be clear about the dimension(s) of merit that matter for innovating in your market.</p>
<p>On the other hand, for a lot of reasons enterprise software vendors interact primarily with their most demanding and sophisticated customers/users (very much the &#8220;lead users&#8221;) and work very closely with them - usually at their location for extended periods of time learning about their needs and ideas. This can lead to some very important benefits - especially the &#8220;filling-out&#8221; of the product with all the capabilities it needs to support the full needs of the customer. </p>
<p>However, I am also convinced that this process is difficult to manage, not only because these big customers can come to exert enormous power over the design trajectory (and can &#8220;bully&#8221; the vendor into making the product in the customer&#8217;s image), but also because this can have the effect of narrowing the product&#8217;s market appeal to the segment that looks exactly like them. The company may actually end up with a very innovative and sophisticated solution, but it won&#8217;t matter much if there are only 10 customers that can appreciate it. What is needed is a method for determining which &#8220;lead users&#8221; and which ideas are truly representative of broader future market trends. This has been notoriously difficult for many companies in the world of business software. This is one reason why your point about communicating with users outside of your customer base may be so useful for identifying key dimensions of innovation. Thanks again for your comments!</p>
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		<title>Comment on Do Customers Make You More or Less Innovative? by Gary Schirr</title>
		<link>http://ideanomics.com/2008/06/17/do-customers-make-you-more-or-less-innovative/#comment-22</link>
		<dc:creator>Gary Schirr</dc:creator>
		<pubDate>Wed, 18 Jun 2008 21:56:01 +0000</pubDate>
		<guid isPermaLink="false">http://ideanomics.com/?p=26#comment-22</guid>
		<description>I am an academic studying service innovation. I spent a number of years as a product manager in online and software B2B applications and have benefitted from discussions with von Hippel over the past few years.

I found this posting to be very interesting. My quick thoughts (I might be back for more):

von Hippel recognized the trap of being too customer-oriented a decade before Christensen. 

Lead user research was a methodology designed to (1) identify the most demanding users and (2) use tools to uncover tacit/sticky information that users can't easily communicate. For radical innovation, lead users sometimes had to be users totally outside your customer base.

If you work to recognize the most demanding users, and use tools to uncover sticky or tacit information you will definitely be both more inventive and innovative. If instead you focus on your average customer and communicate through surveys, casual conversation, or focus groups you are toast.</description>
		<content:encoded><![CDATA[<p>I am an academic studying service innovation. I spent a number of years as a product manager in online and software B2B applications and have benefitted from discussions with von Hippel over the past few years.</p>
<p>I found this posting to be very interesting. My quick thoughts (I might be back for more):</p>
<p>von Hippel recognized the trap of being too customer-oriented a decade before Christensen. </p>
<p>Lead user research was a methodology designed to (1) identify the most demanding users and (2) use tools to uncover tacit/sticky information that users can&#8217;t easily communicate. For radical innovation, lead users sometimes had to be users totally outside your customer base.</p>
<p>If you work to recognize the most demanding users, and use tools to uncover sticky or tacit information you will definitely be both more inventive and innovative. If instead you focus on your average customer and communicate through surveys, casual conversation, or focus groups you are toast.</p>
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