Ateneo Innovation and Entrepreneurship
"New ideas create more and better new products and services; create more wealth."
I was honored to have met Mr. Tom Cooper, CEO of Virtus Venture who is promoting proxiwoo, his latest baby in the Phil., last night at the Mandarin Hotel in Makati. Earlier during the day, he met MVP.
Why did he invite me for a drink? (eventually ended up with a buffet dinner) Because we were the first account being negotiated in the PHIL And maybe as a professor in a leading business school in the PHL, I can exert influence over some businessmen
He shared some ideas on what is happening in the tech world:
l. Was it Samsung who infringed on IOS or the other way around?
We do not know but Samsung shares 95% of the feature of IOS. But whatever it is when business is being fought in courts and judges and lawyers are the forefront, innovation and entrepreneurship stops. The entrepreneurs business is to innovate and come up with new ideas..
2. Some executives are good in operations but lack the guts to think of the future.
3. To predict the future, you have create it.
You do not wait for things to happen- you simply take steps to create the ecosystem for you to make the business work.
For instance, a company with a tv coming up with content, can team up with the content producers (content is the king in the techworld) l. to scramble the vids of their latest blocbuster; 2. sell the vid on line which can be played only on the exclusive tv descramabler. That is repeating the bus model of a music company which was used to prepare the launch of another blockbuster product.
It is not the large stack of cash that counts in the techworld. It having the right ideas to fund that counts. It is innovtion that counts
