Innovation crisis?

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	Innovation crisis?

Maureen Farrell

8-29-2008 3:07 PM

1151 views

Maureen Farrell says:

Quick synopsis of Judy Estrin, Tech entrepreneur's new book, “Closing the Innovation Gap.” The book sounds intriguing and worth reading to see if her argument on why Silicon Valley right now isn't ripe for breeding entrepreneurs.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2ee5987a-fb91-421f-afa4-d854ef36a3e0/9B9D5458-624C-4A6D-9D32-8CAA1AB630C9/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://bits.blogs.nytimes.com/2008/08/28/does-silicon-valley-face-an-innovation-crisis/index.html" href="http://bits.blogs.nytimes.com/2008/08/28/does-silicon-valley-face-an-innovation-crisis/index.html" style="font-size: 11px;">bits.blogs.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://bits.blogs.nytimes.com/2008/08/28/does-silicon-valley-face-an-innovation-crisis/index.html"><P>Ms. Estrin traces Silicon Valley’s troubles to the tech boom. She said that’s when entrepreneurs and venture capitalists started focusing more on starting companies to turn around and sell them and less on building successful companies for the long term.<A id="more-1425"></A> </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://bits.blogs.nytimes.com/2008/08/28/does-silicon-valley-face-an-innovation-crisis/index.html"><P>“Starting in 1998, there was such a shift in Silicon Valley toward chasing money and short-term returns,” she said. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://bits.blogs.nytimes.com/2008/08/28/does-silicon-valley-face-an-innovation-crisis/index.html"><P>Part of the reason, she said, was that Cisco and other fast-growing big companies started acquiring start-ups with innovative technologies instead of developing new ideas internally. Entrepreneurs began founding companies with the goal of selling to a big tech company, and venture investors encouraged that.  </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9B9D5458-624C-4A6D-9D32-8CAA1AB630C9/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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