What is an Ecosystem Innovation Fund (EIF)?

Diagram showing an ecosystem innovation fund (EIF) branching off from non-core innovation. The overall diagram shows the pieces of a corporate innovation strategy.

An ecosystem innovation fund, or “EIF,” is a seed fund for startups. EIFs are a hybrid of corporate venture capital and the US government’s Small Business Innovation Research grant program, or “SBIR.” EIFs combine the best from both models to create a new vehicle for large companies to invest in innovation in their digital ecosystems.

Diagram showing an ecosystem innovation fund (EIF) branching off from non-core innovation. The overall diagram shows the pieces of a corporate innovation strategy.
Figure 1. Where does an ecosystem innovation fund (EIF) fit within your corporate innovation strategy?
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Grays Sports Almanac for Venture Capital

Grays Sports Almanac for Venture Capital - A new standard for optionality to beat the odds

A new standard for optionality to beat the odds

Grays Sports Almanac for Venture Capital proposes a new risk management strategy for venture capital. In this book, I outline why a venture fund might beat the odds by purchasing 2,208 to 4,416 warrants on startups. Startups would operate under a governance framework called the Founder Friendly Standard, which gives entrepreneurs control of their companies. In exchange, the venture fund would have the option to exercise warrants for 15 years—purchasing discounted equity only in the startups that become successful.

Book cover: Grays Sports Almanac for Venture Capital - A new standard for optionality to beat the odds

Introduction

In 2017, Forbes published an article called, “Group of White Men in Patagonia Vests Confused for VC Fund, Raise $500 Million.” It took a while for me to realize the article was satire. A year later, researchers from Harvard, IESE, and Yale unintentionally corroborated the Forbes story with the finding that luck and past success are the winning factors for startup investors—not skill (Nanda et al., 2018). Luck and past success can cause venture capitalists to become overconfident and tinker with their portfolio companies. This can be a problem for entrepreneurs and for limited partners (often pension funds and family offices) who trust venture capitalists to invest wisely.

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Prospect Theory eMindset Explained

The Prospect Theory eMindset is a one page summary of Prospect Theory–chunked into simple facts, questions, and visualizations.View Prospect Theory eMindsetInformation is presented in parallel. Readers can jump around in whatever way “fits” their brain best. Many discover this is a faster way to learn than reading sentence by sentence.

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“How To” Art: Puzzle eMindset

I just finished the Puzzle eMindset.

To me, this piece stands on the border of art and “how to” literature.

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Joomla Programmer Pre-Interview Questions

I added a new piece to my Google Knol Collection, Mastering the Pre-Interview.

The piece, titled Joomla Programmer Pre-Interview, is a series of questions that reveal a Joomla coder’s skill. I recommend asking some or all of these questions before hiring a Joomla coder.

New Articles about Hiring

Check out these articles I just wrote to read through the B.S. on resumes. There’s a way to identify real talent before you even talk to a candidate.

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Give me an example, please

Just wanted to mention some exciting points while I’m in the middle of writing an article on effective Pre-Interviewing techniques.

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Fishing for “A” Candidates in a Digital Pond

Fishing for “A” Candidates in a Digital Pond was a small publication I wrote in November of 2008. It was supposed to be “a guide to recruiting top talent to your firm by having intriguing conversations over social networks and RSS.”

While some of the ideas are obsolete now, here are some interesting concepts that could tweaked to fit today’s digital landscape. Especially page 12.

Click here to read Fishing for “A” Candidates in a Digital Pond

RSS advertising feeds can be distributed through employees's facebook profiles