Rainforest Rev: Bias and Being Nice

THE BIG PICTURE


Please, Not Another Bias! An Evolutionary Take On Behavioral Economics

Evolving Economics
A large part of our evolved behavior involves our desire to signal important traits and qualities to potential mates, allies and rivals. Our evolved minds are sometimes out-of-sync with our modern environments. An evolutionary lens provides a guide as to what people are looking for in a product. Read more here.

It Pays To Be Nice

The Atlantic
What an organization is a bunch of people trying to do something together. The goal of a business is to get the members of the organization to put the good of the organization ahead of their own personal good. Read more here.

The World Needs A Secular Community Revolution

This View of Life
We’re less religious than ever, lonelier than ever, and the loneliness is making us unhappy and unwell. Solution? Building secular community to provide opportunities for people to establish high-quality social relationships that are intergenerational and diverse.Read more here.

Teamwork Gives Us Added Personbyte

Financial Times
The word “personbyte” describes the amount of knowledge that one person can reasonably know. The way to escape the constraint of the personbyte is to work in larger teams. More complex products require elaborate networks of teamwork and collaboration. Read more here.

My Real-Life Shark Tank: Tips For Winning Startup Pitches

By Victor Hwang, CEO & Co-Founder of T2 Venture Creation, from Forbes
The recent winner of TechCrunch Disrupt’s Startup Battlefield provides tips on how to win startup pitch contests, and tips for judging contests too. Read more here.

THE LATEST NEWS


From Casino Past To Entrepreneurial Future: Reno Remakes Itself

By Douglas Erwin, a friend and collaborator of T2 Venture Creation, from Kauffman Thoughtbook
EDAWN (Economic Development Agency of Western Nevada)created an entrepreneurial development strategy that leveraged the concepts from Brad Feld’s Startup Communities and Victor Hwang’s The Rainforest: The Secret to Building the Next Silicon Valley. Read more here.

Top Countries & Industries Luring Global Talent: A LinkedIn Study Reveal

Entrepreneur
New data from LinkedIn shows certain professionals are moving away from countries like India and flowing into places like the United Arab Emirates. Tech and telecom play a prominent role among the most active migration countries. Read more here.

How Europe Is Finally Taking On Silicon Valley

Fast Company
The E.U. is taking legal and regulatory action that would boost local upstarts and rein in U.S. tech giants. The European Commission has proposed a plan to update and unify commercial regulations across Europe. Read more here.


Rainforest Rev: Altruism and Mindsets of Innovation

THE BIG PICTURE


Does Altruism Exist?

Cliodynamica
Cooperation, and group-level functional organization that produces cooperation, cannot be explained by selection within groups. It evolves primarily as a result of selection between groups. Read more here.

Naming the Mindsets of Innovation

Stanford Social Innovation Review
Social sector leaders can encourage innovation by fostering three productive mindsets. Read more here.

3 Questions: Economies as computers, products as information

Massachusetts Institute of Technology News
New book argues that economic development is a special case of the growth of information. Read more here.

Empire of the Geeks

The Economist
At its best Silicon Valley is an expression of iconoclastic freedom and creativity. It would be a terrible shame if it became an unpopular and remote manifestation of elitism. Read more here.

The 2015 Global Startup Ecosystem Ranking

Startup Compass
A newly released 2015 Global Startup Ecosystem Ranking is here. Ecosystems have become more interconnected and startup teams have become more international. Read more here.

THE LATEST NEWS


Styling itself as the ‘Silicon Valley of the East’

Nikkei Asian Review
The establishment of a Free Trade Zone in Penang in the early 1970s has provided attractive incentives to foreign investors. Read more here.

How Did Israel Become a Hub for Innovation?

Wework
Though a unique combination of circumstances, culture, and a strong will to succeed, Israel becomes this hub for innovation and entrepreneurship. Read more here.

Denver Job Market Lures Millennials

The Wall Street Journal
Denver has long been a regional hub, with established industries such as oil and telecommunications that leaders have built upon to create thriving sectors such as energy information technology and digital health care. Read more here.


Rainforest Rev: Top Words of Wisdom

Special Partner Message

Liquidity, the reigning winner of TechCrunch Disrupt, is hiring a Marketing Coordinator.  Join a high-profile startup as it launches first product.  Learn more here.

THE BIG PICTURE


The Top Words Of Wisdom For New Graduates

National Public Radio
NPR named the graduation speech by our CEO Victor Hwang one of the best ever. The speech explores the entrepreneurial spirit in a new way. “When you go fishing, the best places to drop your line are at the transition points, where light meets dark, shallow meets deep, fast meets slow. The same is true for human life.” Read more here.

Collective Impact: The Missing Link

Stanford Social Innovation Review
Until there is an enabling environment that allows all stakeholders—nonprofits, corporations, foundations, philanthropists, media, and the government—to work together as a system toward one or more goals, collective impact remains elusive. Read more here.

Beating the Innovation Paradox: How Your Corporation Can Innovate Like a Start-up

IESE Insight
Companies need to have breakthrough innovations, not incremental innovations. Generating ideas from looking outward, and finding business models to support new ideas to market, are keys to innovation.  Read more here.

Why “Design For Development” Is Failing On Its Promise

Fast Company
The world’s most intractable problems are deeply rooted in massive systems, while design is a discipline focused on the edges. Read more here.

How to present your startup at a conference? Lessons from Liquidity

The startup Liquidity won TechCrunch Disrupt NY 2015. Its founder Victor Hwang gave an effective pitch by telling a simple story. Read more here.

THE LATEST NEWS


How Europe Can Create Its Own Silicon Valley

Harvard Business Reveiw
Passing the right laws will help turn Europe into its own Silicon Valley. California is the only jurisdiction in the world that flatly refuses to enforce non-compete clauses. Employment in California is considered by default to be “at-will.” Hiring and firing is a relatively easy process for both sides. Read more here.

Calibrating Chinese Creativity

The Economist
Two new publications argue that Chinese companies have the ability to expand revenue and raise profits. China’s private sector has risen with the help of, not despite, government policies on innovation. Read more here.

A Survey Finds Montana a Hotbed of Entrepreneurship

The New York Times
Montana leads the nation in business creation, according to a new report from the Kauffman Foundation, which produces an annual analysis and ranking of start-up activity in every state. Read more here.


Rainforest Rev: Lean Innovation Management and Nerdopolis

THE BIG PICTURE


Lean Innovation Management – Making Corporate Innovation Work

Steve Blank blog
The author has been trying to find a unified theory of innovation that allows established companies and government agencies to innovate internally with the speed and urgency of startups. Companies that want to do continuous innovation need to execute their core business model while innovating in parallel. In other words, in an ambidextrous company you need to be able to “chew gum and walk at the same time.” Read more here.

Welcome to Nerdopolis

Capital Ideas, The University of Chicago Booth School of Business
Knowledge workers are reshaping the map of the global economy. The only way to move a city from a bad equilibrium to a good one is with a big push: a coordinated policy that breaks the impasse and simultaneously brings skilled workers, employers, and specialized business services to a new location. Read more here.

A New Powell Memo

Social Evolution Forum
A cooperative effort is required to establish a new economic paradigm that will improve the quality of life for society as a whole, not just a privileged faction. Read more here.

Hey Silicon Valley, joiners are just as important as founders

The Washington Post
Recent studies show that joiners may not have the extreme risk-seeking behavior of a rock star CEO founder, but they are more than willing to head up the key functional roles — especially R&D — that make a start-up great. Read more here.

The Benefits of Mind-Wandering

The Wall Street Journal
Mind-wandering aids decision-making by allowing you to run future-oriented simulations in your head. It’s ideal not just for thinking about possible outcomes but also for thinking about how different outcomes would feel. Read more here.

THE LATEST NEWS


A Fearless Culture Fuels U.S. Tech Giants

The New York Times
For all of Europe’s advantages, its technology sector lags that of the United States. A dread of failure may be one reason. Read more here.

How Sweden became the startup capital of Europe

The Telegraph
If you played a game on your phone today, listened to music online or video-phoned a friend, chances are you used a Swedish company. Read more here.


Rainforest Rev: Understanding Noise and Steve Jobs

THE BIG PICTURE


Innovation Is The Art Of Understanding Noise And Signal

Henry Doss, Chief Strategy Officer of T2 Venture Creation, from Forbes
Looking at data solely through the lens of prediction is almost certain to distort understanding and insight. When prediction is the most powerful force driving your leadership decisions, certainty becomes your primary currency, above all others. Information then becomes the place you go to hunt for things to support what you have very likely already decided is true or important, rather than what you might discover to be true or important. Read more here.

Get Your Lab Coat: 3 Innovation Tips From a World Bank Science Expert

The Huffington Post
To model something is a way to approach complex problems. Then, you break things down and simplify. You can reuse parts of ideas and don’t need to reinvent a new concept. You can reuse those parts as the basis of your new business. Also, scientific skepticism can balance out an entrepreneur’s passion. Read more here.

The Competitive Power of Counterintuitive Thinking

The Wall Street Journal
To understand Silicon Valley, perhaps it’s best to start with this quote from Steve Jobs: “creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something. It seemed obvious to them after a while.” In joining the dots, entrepreneurs and innovators recognize new product ideas that at first glance seem counterintuitive. But upon reflection, these ideas become obvious, commonplace. Read more here.

The New Science of Intentional Change

This View of Life
The planetary limits have been reached and economic growth threatens our very existence if we don’t change our dominant cultural paradigm.  The great challenge of this epoch is planetary stabilization. Read more here.

Did the internet prevent all invention from moving to one place?

Vox
The diffusion of the internet has had varying effects on the location of economic activity, leading to both increases and decreases in geographic concentration. Some argue that the internet worked against increasing concentration in invention. This relationship is particularly strong for inventions with more than one inventor, and when inventors live in different cities. Read more here.

THE LATEST NEWS


Start-up city

The Economist
Paris is changing. The young are no longer drawn to corporate life. Unemployment among graduates is 10%. Successful entrepreneurs and investors now show what is possible. Finally, the Socialist government, which once whacked entrepreneurs with taxes, has changed. Read more here.

With a clear vision, proposed tech corridor can happen

Albuquerque Journal
An internationally known urban planning architecture firm is recruited by the University of New Mexico’s Robert Frank and engaged primarily by UNM, but also by the city to help chart its course to the creation of a vibrant new urban technology corridor. This firm is adopting the “Rainforest” framework in its design of the new urban technology corridor. Read more here.

2015 Crossroads Report

StartupAUS
A new report came out about Australia and its opportunity to transition from an economy based on resources, primary industries and domestically focused businesses to one based on high-growth knowledge-intensive businesses. Read more here.


Rainforest Rev: Aspen Institute and Innovation

THE BIG PICTURE


Get to Know the Aspen Institute

Aspen Institute
Two books that really shape our thinking as we build out the Center for Urban Innovation at the Aspen Institute are Victor Hwang’s “The Rainforest,” which explains that innovation is a result of networks and relationships — it’s not a top-down process, and “Searching for Necessity” by a design consultancy called TomorrowToday, which identifies amazing community based innovation work across the country. Read more here.

Innovation That Matters

1776
The “secret sauce” of ecosystem development lies in the creation of effective networks that bring together broad arrays of stakeholders within an industry; facilitate open exchange of ideas; and bridge cultural gaps between different groups to promote effective collaboration. Read more here.

Startup Balance: Finding the Harmony Between Work and Life

Kauffman Foundation
This book illustrates the reality of surviving the entrepreneurial life while trying to find the harmony between the people that love and support them and the dreams they are trying to accomplish. Read more here.

Beyond capitalism and socialism: could a new economic approach save the planet?

The Guardian
To avoid social, environmental and economic collapse, the world needs to move beyond the standard choices of capitalism or socialism. That’s the conclusion of a new report released Wednesday by US think tank Capital Institute. Read more here.

THE LATEST NEWS


Behind China’s Billion-Dollar Startups: Alumni of Alibaba, Tencent

The Wall Street Journal
A growing number of entrepreneurs who got their start at China’s three leading Internet firms—Alibaba, Tencent Holdings Ltd. and Baidu Inc. —and are now trying their luck at their own ventures. Read more here.

The Fintech Revolution

The Economist
From payments to wealth management, from peer-to-peer lending to crowdfunding, a new generation of startups is taking aim at the heart of the industry—and a pot of revenues that Goldman Sachs estimates is worth $4.7 trillion. Read more here.

In Europe, Fake Jobs Can Have Real Benefits

The New York Times
The fake companies with imagined sales are all part of an elaborate training network that effectively operates as a parallel economic universe. They are used to combat the alarming rise in long-term unemployment while keeping unemployed workers stay current with their job skills. Read more here.

CALENDAR OF EVENTS


Wold Cup Tech Challenge

June 4th, 2015 at Microsoft in Silicon Valley
Don’t miss the 2nd Annual World Cup Tech Challenge–tickets are 25% off with code WCT25! This year, 25 startups representing 18 countries are competing for the Cup. Get tickets now and secure a front-row seat to the most exciting startup competition of the year. You’ll be able to meet entrepreneurs from all over the world, as well as Silicon Valley VCs and investors; you’ll also have the chance to learn from and be inspired by our keynote speakers, who hail from Singularity University Labs, Google for Entrepreneurs, and Blackbox. Visit http://www.worldcuptech.com/ to get tickets, meet the competing companies (and vote for your favorite), and check out the judges and panelists.


Rainforest Rev: Innovation Begins And Ends In Idealism

THE BIG PICTURE


Innovation Begins And Ends In Idealism

By Henry Doss, Chief Strategy Officer of T2 Venture Creation, from Forbes 
Innovation is found in idealism, in the notion that we all live and work — and prosper — when we are focused on making the world a better place. Innovation comes from the ability to bring together seemingly contradictory or conflicting points of view and approaches to the world. Read more here.

What if the Key to Job Creation is Baseball?

By Mark Newberg, Advisor to T2 Venture Creation, from The Huffington Post
A new way to measure how many jobs, above a baseline, any particular investment or initiative might be expected to produce. Similar to baseball’s Wins Above Replacement, or WAR. Read more here.

Building an Innovation Ecosystem: A peek beneath the canopy

By Evan Haines on LinkedIn
Make unwritten rules of creative cultures clear to new and existing members and ensure that they foster the right kinds of behaviors. Create or encourage the formation of communities where trust prevails over negative social pressure that buries innovative thinking. Read more here.

The Coase Lecture: Hubbard Applies Physics to Law and Economics

The University Of Chicago Law School
A professor equates neoclassical economics to Newtonian mechanics, the set of physical laws that describe motion at a macro level but doesn’t hold true at the nano level, and behavioral economics to quantum mechanics, which deals with physical phenomena at the less predictable nano level. Read more here.

Hayek and Business Management

Arnold Kling blog
Government often tilts the scale in favor of large organizations. The high fixed cost of regulatory compliance is one factor. Government has been a key customer in industries like aerospace, information technology, and finance. Read more here.

THE LATEST NEWS


Cambodia: From Battlefield to Global Marketplace

Knowledge@Wharton
Today Cambodia is one of the most open economies in Asia, where starting a business is relatively easy and foreign-owned firms can operate without a local partner. Read more here.

Tech Start-Ups in India Attract Big Name Investors, and Money

The New York Times
Intense interest from prominent investors is helping to drive eye-popping valuations among Indian tech start-ups. Read more here.

The rising number of female Egyptian entrepreneurs

BBC
Two key reasons behind the rise of female Egyptian entrepreneurs are a lack of public sector jobs, and continuing discrimination in the private sector job market. Read more here.


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