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Location has always been vital for startups, both in terms of providing ready access to human capital to help develop the startup’s proposition, but also to provide ready access to a local market to help develop momentum. Instead, they found that agglomeration was often more important than having a strong network to tap into.
It also received its early stage finance from the U.S. government is often portrayed as providing a safeguard against market failure. Elsewhere, I have called this role, which entails creating and shaping markets more than "fixing" them, " the entrepreneurial state.". government's Small Business Investment Company program.
Or pay a freelance consultant to do market research? They “carved out time on nights and weekends” to do research and market analysis. ” Kate left her job at PerkinElmer in February 2014; the next month, she and her business partner started ORIGƷN, a Boston-based biotechnology company. Patch weak spots.
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.
Numerous companies are now addressing market and regulatory demands by actively seeking to enhance the demographic diversity of their corporate boards. Moderna, a prominent pharmaceutical and biotechnology firm, adopted an unconventional approach utilizing RNA technology to develop one of the COVID-19 vaccines.
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