A Model Of Global Innovation

Optimize has a great article on Global Innovation. More notably, how IBM has leveraged the venture capitalist group in order to anticipate innovation.

“We spent a year determining how best to address this emerging opportunity and ultimately decided that building an ecosystem of partners—working together rather than in competition—would be essential to our success in the marketplace. Seven years later, participating with VC firms rather directly investing in startups has proven to be the best strategy to calibrate mutual innovation.”

This makes you wonder how much some of the giants would save if they established an investment ring rather than a buyout circle.

If Google would have taken the initiative to invest in startups, maybe they wouldn’t have needed to buy YouTube in the first place?! They would have seen the transition to video coming.