Wednesday, June 09, 2010

Brian Shawn Cohen - next technology

World Innovation Forum speaker was Brian Shawn Cohen.

Interesting to me since he is an angel investor.

Why companies fail.

They confuse clear vision with short distance (just because you can see the goal - does not mean it is easy)

Ego and greed

Does not create understanding of product

Does not iterate well. Most successful companies need to iterate to succeed. Iteration is the new innovation.

Angel investors invest $20B in 55,000 deals vs $3B by VCs.

Not smart fast enough.

What he said about how good angel investors are is accentuated in a study on Angels.



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