In the Entrepreneurial Age, it takes focus and clear strategic positioning for certain countries such as the US, China, Israel[300] and Estonia[301] to prosper in an economy driven by the multitude. Meanwhile other countries are still competing in a lesser league because they remain trapped in their focus on legacy industries such as tourism and

It takes time. Tech companies with an entrepreneurial approach don’t serve large markets yet. As explained by economist James Bessen[508], productivity always slows down at the beginning of a technological revolution: entrepreneurs must experiment with the technology of the day and discover the new markets that it contributes to opening. Then those

Finally, capital is becoming a commodity. The current discussions between economists about the “global savings glut” reveal that there is too much capital to invest and too few opportunities to secure sizeable returns[173]. This may come as a surprise for entrepreneurs who rack their brains in vain trying to pitch investors who refuse to deploy

In the presence of increasing returns to scale, raising a lot of money is not only a way to finance operations. It is also a signal to all stakeholders (shareholders, customers, employees, analysts) that a company is on track to become the leader and grab most of the market. This is why tech companies advertise their funding rounds so noisily[255].

Should someone choose to replace their labor contract with a partnership that bills their employer in exchange for their services and thus claim the right to adjust for the difference between income and professional-related losses? After all, many expenses that are directly related to work (such as transportation, business lunches, devices such as

The Family was initially designed as an entity dedicated to nurturing ambitious entrepreneurs based in France. But when it was only two years old, my partners and I became convinced that we needed to expand internationally. The reason was that early stage investing had already become a global market, with an ever-increasing level of competition. It

My interest in that “information superhighway” eventually led me to specialize in technology. From 1996 onwards I studied telecommunications, electronics, and computer science. I was fortunate enough to access the Internet with a broadband connection when most of the world was still stuck with 56k modems.

the financial services industry is one that has yet to convert fully to the new paradigm. And in the spirit of inspiring this industry to reposition in the Entrepreneurial Age, I often talk about innovating in finance in front of various audiences—corporate executives, entrepreneurs, policymakers. My key message is always that the revolution in

I was an entrepreneur once—from 2010 to 2012, to be precise. I can’t say my startup broke any records; in reality, it never took off. But it was a comprehensive and rewarding experience, during which I tackled the same challenges as every other early stage entrepreneur: designing a product, raising funds, hiring developers, managing developers,