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Sean Foote of Labrador Ventures, presents the venture capitalist perspective. The problem with raising capital is that it’s expensive and must generate return. No risk? Go to a bank. No return? It’s charity. This presents a huge challenge for education which tends toward linear improvement, not true innovation and the promise of exponential growth that attracts capital. Sean notes that the first rule about being an innovator is that you don’t ask permission. Think like a startup — don’t be encumbered by incumbency.