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.