Word: bainlab
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Dates: during 2001-2001
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...some estimates, as many as 250 incubators sprang up around Europe in the dotcom boom. Through mergers or natural attrition, as few as 10 could go the distance in the next phase of the New Economy. Reinvention, it seems, is the key to survival: at bainlab, the incubator division of consultants Bain & Company, the focus has expanded from simply incubating small companies to include consulting work and due diligence for other venture capitalists looking to invest. The talk too is of corporate ventures - helping those strong Old Economy firms that have outlasted the first Internet wave find their feet online...
...course, all this caution has given rise to concern that, after the hype of the Internet's infancy in Europe, the pendulum has swung too far the other way. "Venture capital should be a risk-long business," says Nick Greenspan, a partner at Bain & Company and co-founder of bainlab. "Instead, it's become extremely risk-averse." Jerome Mol, founder and ceo of GorillaPark, says investors are judging European companies by American standards even though the U.S. market is larger and more advanced...
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