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They raised more money and were acquired at higher valuations; however, they did not innovate more. They suggest that when we have a strong network, we tend to rely heavily on that network for hires, finance and so on. If it is a venture capital-oriented IT, hardware or biotechnology company, this destination might be Silicon Valley.”.
It also received its early stage finance from the U.S. government, which through DARPA and other initiatives stands out worldwide for its astoundingly positive track record in funding true innovation. An even bigger question for the American taxpayer is whether such support leads to a "parasitic" innovation eco-system.
Solyndra's example has been particularly stark: it raised over $1 billion in equity finance in addition to receiving a $535 million loan guarantee from the Department of Energy, all prior to a cancelled IPO and the recent FBI investigation upon its bankruptcy. Click on the table below to see at full size.).
However, the research also highlights the significance of diverse educational, industrial, and organizational backgrounds among managers and board members in fostering innovation in research and development (R&D), thereby generating both economic and social value. ” . ”
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