Archive for January, 2015

Antifragile – Nassim Nicholas Taleb

Tuesday, January 20th, 2015

One of the reasons Nassim Nicholas Taleb is a hero a Blood Street Associates is because his philosophy is really what open innovation is all about though the coupling isn’t frequently made.   A business can become more anti-fragile by soliciting ideas externally rather than a NIH (Not Invented Here) mentality where the business stakes it’s future and limited resources on a few in house product improvements where failure is expensive.  External failure is free (asymmetric upside) – and solicited ideas can often be licensed for a fraction of what the R&D and assorted failure would cost.  There is much more to his antifragile theories than this – to anyone who wants to stretch their intellect, we heartily recommend reading Antifragile.

 

 

Food for thought: innovating with brains

Tuesday, January 20th, 2015

I stumbled across this really interesting slide show from Dr. Bernhard Sabel.    It talks about academia and old technology based industries and what they do to kill innovation.  It’s a few minute read,  I wish I had been around for the presentation.

 

http://www.fdin.org.uk/output/Open%20Innovation%202011/Innovating%20With%20Brains%20-%20Dr%20Bernhard%20Sabel.pdf

12 Good Practices in Open Innovation for the Year to Come

Saturday, January 17th, 2015

Really good common sense blog post.

 

http://blog.hypeinnovation.com/12-good-practices-in-open-innovation-for-the-year-to-come

TEDxVictoria – Victoria Westcott: Crowdfunding 101

Tuesday, January 13th, 2015

Victoria Westcott talks about how crowdfunding is changing the way that we create, produce & distribute our creative work.