Five Fears Of Innovators and External Innovation Networks

Dateline: Sunnyvale, CA

Segment 1: 5 Fears of Innovators: When we come up with a new ideas, we have to face down the fears and doubts that will talk us out of making the idea real. Ideas without execution are a hobby.

1. Someone has already done it
2. Once executed, my ideas never turn out as good as I dreamed it
3. I’ve never done this before …. I don’t know enough …. I don’t have all of the answers
4. My BLANK (family, friends, co-workers, etc) will think I’m crazy
5. Someone will steal my idea – so I can’t talk about it

Segment 2: External Innovation: Networks: There are a number of sources of ideas and innovations that you can use.  Don’t depend on one but instead build out a broad network of idea and innovation sources.

• Venture Capitalists
• Angel Investors
• Other Companies
• Universities
• Government
• Industry Groups
• Individual Inventors

Segment 3: Killer Question

Closing Thoughts:

“To Be truly creative, you have to work beyond what you know.  Pushing the envelope is what being creative is all about”

John Ferrie