entrepreneurship evolution

I think the word entrepreneur is the first in my twitter profile.  But for a while now I have been thinking the role of the entrepreneur is evolving.  In a political context I have always found it mildly amusing that both the ‘right’ and the ‘left’ were ‘friendly’ towards entrepreneurs, the job creators, builders of businesses or engines of wealth generation or even progress are sound bites that come mind.

Where is entrepreneurship evolution heading?  To a post start up world.  Start-up has become the term of starting a business but I like to broaden it out to any entity, for profit or not, vocation to a think tank etc.  The individual entrepreneur being the master of crafting ideas, people and capital for a purpose.  Lets focus on the capital part.  It seems clear we are heading towards world where only capital flows will exist.  In economics we talk about stock of capital and flow.  Raising a seed investment is an entrepreneur receiving a stock of capital (money) to spend on people and assets to make their idea/opportunity come real.  However, it is clear to me the amounts of capital has declined dramatically recently, talk of lean start-up.  Yes, vast sums of Venture Capital continue to be raised and invested but the fabrics of innovation environment is changing.  Crypto-startups I will call them are going straight to IPO’s and the stock of bitcoins are not just tokens of exchange (money) but a connection of human ingenuity, skill and ability to collaborate to make some thing together.

I can only see this trend expanding and accelerating.  Less and less stocks of capital or even crypto-capital will be needed up front.  Collaboration will flow, all the time, innovation all the time, in short entrepreneurship happening all the time, a post startup landscape.

visionary landscape

Start a look back

1995 – 2001  .com era.  As a perfect information ‘economist’ to buy my first internet magazine in 1995 and see the world I had written about as a theory, be more like a reality (an early one at that).  The whole world will change in a bang, mindset, well in the small financial community until the bubble burst.

2002 Built first internet product, a tool bar to share web information with ‘family, friends, the web’.   Then c-commerce to get closer to cashflow but provided environment to obverse lifestylelinking working in the world and how it would be applied to all via the Internet.  mepath.com started.

2004-2010 web2.0 era
Society — Authoring content and connection   Minimising the barrier to author (self expression) and symmetrical and asymmetrical connection of individuals.  Search from .com era has more content to work with, gets better (thus more ad money moves online) and new social analytics try to find new ways to connect.

Tech — vast reductions in price of serving a webpage, infinite scale via cloud computing emerges.

Economy — attempts at making shopping social but SEO (search engine optimisation) for those selling ads or products still dominate.  VC gap fund increasingly powerful social businesses i.e. facebook but valuation based on low cashflow amounts.

2008-2010
Semantic badged services becoming more visable.  Started powerset acquisition 2008.  NLP (natural language processing), Wolframalpha and now ‘text and data analysis’ from finding people to give answers, to personalized home pages, taming the firehose from twitter and the ‘real time web’.

2011 – ahead  semantic web era?  Who knows, we can look back some day and edit for the generally accepted term.

The word, ‘generally’ I except will become increasingly rarely used word as personalization and participation rockets.

We have vast amounts of information, but still most of it not digitized and on the web. This will be solved.

Society:  Radical shift in participation, collaboration by the masses.  Increased authoring of information and data working better to deliver life i.e data captured at finer grains of granularity and new discovery of connections.

Tech: vast reductions in price of computing power (in addition to storage) and these laws become dominant across all industries, biotech to physical manufacturing.  Small and distributed architectures replace all large scale central efficiency networks, water/sewage, power, education, websites, and databases etc.  Increase in the blurring on difference between software engineer and an individual ‘user’.

Economy:  Almost complete separation from a cashflow-financial system of economic management to an attention based one.