Home > Messy, Fast, and Global The Venture Ecosystem Framework

Messy, Fast, and Global The Venture Ecosystem Framework

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Operating within the venture ecosystem, let alone impacting it, can be a difficult undertaking. Why is this so? Well, for one, it is forever evolving and churning rapidly before our eyes. Even the definition of “venture” can be a moving target.

In this article, Prof. Sivan strives to methodically show us what venture means, who are the stakeholders involved in its evolution, and how they are affected by and in turn affect – the hectic nature of venture in the 21st century.

The article discusses the roles of Public Authorities, Institutional Investors, Venture Capitalists and Entrepreneurs, putting them all into context. Relevant case studies such as Intellectual Ventures, Kickstarter, Amazon Cloud services, and IBM’s Global Tech Unit are used for  illustration.

The article presents the three ongoing trends characteristic of the ecosystem:

  • Messy
  • Fast
  • Global

The current trends affecting it from the top (from the enabling side):

  • Rise of corporate virtual R&D
  • Rise of super angels
  • Rise of regulation

The current trends affecting it from the bottom (from the innovation side):

  • Rise of new treatment of ideas
  • Rise of innovation platforms
  • Rise of the early users factor

Appeared in the issue: Coller Venture Review — 2014 -1 — Welcome Issue

Original Paper PDF:

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List of References:

  • Ernst & Young. (2013). Turning the corner – Global venture capital insights and trends 2013.
  • Jeng, L. A., & Wells, P. C. (1998). The Determinants of Venture Capital Funding: Evidence Across Countries. Retrieved from http://papers.ssrn.com/abstract=103948
  • Mulcahy, D. (2013). Six Myths About Venture Capitalists. Harvard Business Review, 80–83.
  • NVCA. (2013). NVCA Yearbook 2013. National Venture Capital Association.
  • Vermeulen, E. P. M., & Pereira Dias Nunes, D. (2012). The Evolution and Regulation of Venture Capital Funds. Ex Research Topics in Corporate Law & Economics, 1.

About the author

Prof. Yesha Sivan is the Executive Director of the Coller Institute of Venture at Tel Aviv University Faculty of Management (http://www.collerinstitueofventure.org). He is professor of Management Information Systems (MIS) at the School of Management and Economy at the Tel-Aviv-Yaffo Academic College (http://is.mta.ac.il). He is also the founder of Metaverse Labs (MVL) – a leading think tank focusing on connecting virtual and real worlds. Sivan’s professional experience includes developing and deploying innovative solutions for corporate, hi-tech, government, and defense environments (see for example: the Harvard 9-Keys for Knowledge Infrastructure). He published numerous papers in the areas of Strategy and IT, innovation, knowledge, 3D3C virtual worlds, and standards. Sivan received his doctorate from Harvard University. His avatar is Dera Kit, and his blog is http://www.dryesha.com. He has taught EMBA, MBA, engineering and design in the areas of strategic value of IT, the emergence of virtual worlds, and software development in virtual worlds.