Kauffman Fellow Report: Volume 5

Harness the Potential of the Kauffman Fellows Society: An Invitation

This article explores the values and priorities of the Society of Kauffman Fellows in empowering entrepreneurs with smart, connected capital. When individual Fellows connect, share ideas, and support each other across the globe, exponential results occur—and the authors invite readers to consider their own potential in the Society.

Universities and Entrepreneurial Ecosystems: Elements of the Stanford-Silicon Valley Success

The success of Silicon Valley has spurred many countries and campuses to try to recreate and compete with it. This article examines the many different facets of the Stanford University–Silicon Valley relationship that are each crucial to its growth and success.

Fund Management Craftsmanship: An LP’s Food for Thought for Emerging VC General Partners

With experience as both a VC and an LP, the author discusses six interlinked, fund-management levers that, if managed systematically and thoughtfully throughout the fund life, can deliver significant additional value to both the fund manager and its investors.

Eugene Hill and the 5 Ms: Executing the Due Diligence Plan

Evaluating thousands of venture funding proposals each year may seem like trying to drink from a firehose. In this interview, healthcare investor and Kauffman Mentor Gene Hill discusses his due diligence process, summarized by the 5 Ms: Market, Management, Method, Money, and Metrics.

Disrupting the Traditional VC Model: VC Adaptations for Seed Investments

Why would some of today’s largest funds be investing amounts typically associated with angel investors? Based on interviews with 20 funds, the author outlines the drivers behind these choices and the challenges inherent in this stage, and provides recommendations for VCs and entrepreneurs at this early stage.

Singapore: The Little Tech Dot

This article examines Singapore’s technology ecosystem in the context of Southeast Asia’s emerging markets with a focus on public policies intended to grow the local VC industry, as well as the obstacles faced by startups in the region.

Personal Inflection Points: Shift the Trajectory

In business careers, “inflection points” are infrequent events that result in a significant change in one’s developmental course. Through the lens of his own career trajectory and the role of field research in the Fellows Program, the author examines the idea that career inflection points can be delberately created.

Introducing a Global Ecosystem for Japanese Technology Entrepreneurs: The University of Tokyo Edge Capital (UTEC)

This author considers the current landscape of venture capital and university technology-transfer in Japan. The article introduces the reader to a number of new government-sponsored programs to support entrepreneurs, and the unique role played by UTEC.

Social “Inc-onomics” and the Z-Effect: An Excerpt

This article is a lengthy excerpt from the most recent Kauffman Fellows Press book, Social Inc. The book is an ambitious examination of social media and its effect on business in the twenty-first century. Author Bob Zukis builds a thought-provoking case for how social technology should be shaping businesses across the world.

Financial Metrics in Corporate Venture Capital: Enhancing Strategic Value by Focusing on Financial Goals

Corporate venture capital (CVC) represents a growing portion of venture investments, and the number of CVC funds has recently passed the 1,000-mark. Based on interviews with 20 U.S.-based CVC groups, the author shares his observations and best practices for creating a sustainable CVC.

Designing Better Board Meetings: Securing Strategic Return on Time

Is a traditional board meeting the best use of board members’ and management’s time? The author proposes a new paradigm for board meetings—one that leverages members’ strengths and creates the conditions necessary for creative, collaborative strategic conversations.

Updates from Previous Volumes of the Kauffman Fellows Report

Victor Hwang and the Mystery of Venture Capital, and Eric Ball and the Kauffman Fellows Academy