They're really applying the principles of entrepreneurial management even if they're not making a profit.
More Quotes from Josh Lerner:
It's clearly more challenging for entrepreneurs seeking VC funding for the first time.Josh Lerner
These are not anarchistic things when you look at successful open-source projectsthere is real structure, real checks and balances, and real leadership taking place.
Josh Lerner
They still have to have vision, the ability to undertake an ambitious project, to leverage resources, to manage financing. We thought it would be very useful for the students to look at a situation that was very different from the normal one.
Josh Lerner
The patent system is a trade-off. We get the 'good' of an invention in exchange for the 'bad' of a temporary monopoly on that invention.
Josh Lerner
The probability of VCs investing in a start-up is far less likely than it was in 1999. And that's bad news for entrepreneurs.
Josh Lerner
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Based on Topics: Principle QuotesBe sure your wisest words are those you do not say.
Robert Service
The fact must never be forgotten that no magazine publisher in the United States could give what it is giving to the reader each month if it were not for the revenue which the advertiser brings the magazine.
Edward Bok
The whole secret of life is to be interested in one thing profoundly and in a thousand things well.
Horace Walpole