Technology Entrepreneurship and the Disruption of Ambition - Entrepreneur First

Technology is changing one of the most powerful forces in shaping society: ambition. What the most ambitious people choose to do with their lives has a profound impact on society, the economy and culture. It’s changing, fast.First, that digital technology is the most recent in a series of ‘technologies of ambition’ that have enabled ambitious peopl... See more

Back then, technical prowess meant market dominance. Y Combinator, the spiritual center of Silicon Valley,1 crowned technical founders as the chosen ones. Those who could manifest and master software were seen as gods. Venture capitalists funded those who could scale that code to massive heights. After all, software alone could transform giant, leg... See more

A decade ago, I was only a couple of years into my venture career. I believed that growth and progress were synonymous – in an industry where scale was the ultimate target, platforms that achieved it were glorified. A decade later, I have learned that success is more nuanced, and we have to take accountability for the outcomes we encourage. New dom... See more

Take, for example, the ambition to “make your venture-backed startup profitable”: to develop, market, and distribute a product or service that’s never existed before, in a form that’s valuable and accessible enough for large numbers of people to want to pay you for it, in sufficient quantity that your revenue consistently exceeds your costs.

If you... See more

Young technologists are building a new future on a new set of values. Their values are informed by the first-hand experience of growing up with the perverse incentives of yesterday’s social media and a genuine desire to create a better world — online and off.”

For the past decade, our idolatry of startups and innovation has meant the focus has been: What can we disrupt? How fast can we grow? How big can we get? How much can we raise?

Founders are taught to possess enough faith that they can build something very big very fast. This creates a pressure cooker of responsibility that distorts reality to the p... See more