Competition (COM)
By wcrdadmin on Thu, 01/28/2010 - 20:25
Competition in areas of great uncertainty gives the interplay and challenges needed for each idea to get honed to its greatest potential...
Design Principles:
- Build competition into the science and into the funding of science (i.e., into most transactions)
- Competitive scoring is based on effectiveness, not on quantity or style. Scoring is by an independent agency.
- Build safeguards against individual hyper-competitive behaviors (see Knowing-Doing).
Discussion:
Quotes:
If I only have one or two investments the researchers can blow smoke in my eyes. I have no way of really knowing as an outsider whether or not the technology merits further infusions of cash. On the other hand, if I have a half-dozen or more similar investments it becomes very easy for me to see who's blowing smoke and who's really smokin' – Pharmaceutical Industry Venture Capitalist (2007). Personal Communication
References:
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