We live in a golden age for entrepreneurs. Technology has irrevocably changed the ‘shape’ of entrepreneurship and has created incredible new opportunities. It no longer takes a huge corporation to make a significant global impact. Instead of employing thousands of people and using large physical plants, modern ventures are lean and focus on information technologies. They ‘dematerialize’ what was once physical and create new digital products.
Thanks to rapidly accelerating technological change, news can now travel in an instant and arrive into the palm of our hands in any shade and colour of our choosing. Music, films, video games, communication and new knowledge are all available on our 5G-connected devices. Powerful technologies that were once only available to huge organizations are becoming accessible and affordable. And the potential for entrepreneurs to disrupt industries, and for corporate giants to go extinct, has never been greater.