The role of private equity: from focus on the product to focus on value creation

摘要

As a consequence of the paradigm shift from an industrial societyto an information society, the role of the entrepreneur ought to change frombeing an inventor of product/services to become a value creator. Hence,the focus of entrepreneurial ventures should be shifting towards creating viablebusiness models rather than superior product/services. One major implicationof the shift of entrepreneurial endeavour from product/services towardscreating new business models is that hands on investors behind companies’have to be involved closer to the inception of new ventures in order tocontribute to their portfolio companies.