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The Startup Community Way
book

The Startup Community Way

by Brad Feld, Ian Hathaway
July 2020
Intermediate to advanced
368 pages
7h 40m
English
Wiley
Audiobook available
Content preview from The Startup Community Way

CHAPTER SEVENUNPREDICTABLE CREATIVITY

A startup community is a complex adaptive system of many interdependent actors (people and organizations) that are continuously acting and reacting with each other and with their environment (resources and conditions).1 This perpetual loop of action and reaction means that a startup community is in a constant state of change, as the system and its constituent parts coevolve.

The interactions between the actors and factors define the startup community. But this interconnectedness introduces complexity because the actors have the freedom to pursue individual agendas, learn from the behaviors and ideas of others, and adapt their actions and thought patterns as a result. Since actors lack complete information and visibility into the whole startup community, imperfect decisions are pervasive. This gets multiplied as each ill-informed decision is passed along throughout the system, occurring continuously, while the actors and the system coevolve.

The lack of awareness about how complex systems function is a source of many errors ...

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Publisher Resources

ISBN: 9781119613602Purchase book