Home > Angels, Business models, Incubator, Startup > Innovation Endeavors – Eric Schmidt’s Newest VC Fund

Innovation Endeavors – Eric Schmidt’s Newest VC Fund

Innovation Endeavors is testing new methods, including a Survivor-style startup competition, to build tech companies

From Bloomberg Businessweek:

“Last December, 16 aspiring tech entrepreneurs were picked to compete for the chance to build a Silicon Valley startup. After an intensive, 48-hour session of team-building exercises and brainstorming, a group of three people who hadn’t previously known each were chosen to create a business: Charles Wang, 36, a psychiatrist; Monisha Perkash, 37, founder of a college financing service; and Andrew Chang, 27, a former energy analyst for Al Gore’s climate change nonprofit. With $150,000, free office space in downtown Palo Alto, and a roster of industry veterans as mentors, the trio tested out dozens of different ideas over the next five months. The team considered businesses around food supply chains, smart grids, and more. Ultimately they decided to make a high-tech remedy for back pain…”

READ FULL ARTICLE [web]
Innovation Endeavors [web]

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