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Reflections on 2018: Andy Wilson, Alliance for SoCal Innovation

socalTECH

Our first is with Andy Wilson of the Alliance for SoCal Innovation. In my new role as the first executive director for the Alliance for Southern California Innovation, I spent a lot of time outside of my home turf of Pasadena -- visiting innovation nodes such as San Diego, Irvine, Riverside, Santa Barbara, Venice, Santa Monica, and others.

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Create An Industry Alliance Entrepreneurs: Need Friends On The Startup Playground

InfoChachkie

Entrepreneurs can emulate de la Guerra’s strategy and make their adVenture appear far larger than reality and thus increasing its influence and market reach while discouraging competitive threats by creating an industry alliance. At each new school, I had to quickly assess the playground politics and determine with whom to form alliances.

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6 Ways To Win By Creative Partnering With Competitors

Startup Professionals Musings

Of course, this path involves some risk, but you never get anywhere unless you take a chance. Even the giant General Motors has alliances with smaller competitors, like Peugeot, to reach certain small car segments. Good strategic partnerships often lead to strategic investments, or great acquisition relationships.

Startup 173
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Startups Must Embrace Coopetition For Rapid Growth

Startup Professionals Musings

Of course, this path involves some risk, but you never get anywhere unless you take a chance. Even the giant General Motors has alliances with smaller competitors, like Peugeot, to reach certain small car segments. Good strategic partnerships often lead to strategic investments, or great acquisition relationships.

Startup 103
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Paranoid Companies Miss the Best New Opportunities

Startup Professionals Musings

Also, this competitor will now be a better candidate for merger or acquisition (M&A), due to the existing relationship, when either of you is ready for that step. Of course, for a strategic alliance to work, you must take precautions. They may have the finances you need and are ready to invest in a business area they know.

Company 96
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Your Toughest Competitor May be Your Best Partner

Startup Professionals Musings

Also, this competitor will now be a better candidate for merger or acquisition (M&A), due to the existing relationship, when either of you is ready for that step. Of course, for a strategic alliance to work, you must take precautions. They may have the finances you need and are ready to invest in a business area they know.

Startup 90
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Monopoly

InfoChachkie

In contrast, the USSR and other communist nations foolishly banned Monopoly, thereby denying their citizens an inexpensive yet effective hands-on course in entrepreneurship. Often, the best deals are the ones in which you form an alliance with another player, to the detriment of all the other players on the board.