Friday, December 26, 2008

"Is this a crisis or an opportunity"

Entrepreneur and venture capitalist Tim Draper :

The AlwaysOn summary:
Draper's message is that we must never forget that entrepreneurs are great heroes. They create new jobs, they build value from nothing, they make our lives better, and they rebuild the economy.
He reminds us that for every financial downturn, from the Vienna stock exchange crash in 1873 through the Great Depression of the 30s, the Cold War of the 50s, and the dotcom collapse of the early 2000, great entrepreneurs have embraced change and driven innovation and the economy to new successes.

This time is no different, he says, and asks a pivotal question: "Is this a crisis or an opportunity." While some people panic and spread fear and worry (and perhaps those are the people who have been writing our headlines recently), others say "let's not waste this crisis."

One thing has not changed, innovation is relentless and continues unabated. It is growing exponentially and globally. The innovations and changes that occur in the next 10 to 15 years will change our lives as much as all the innovation that's happened in the last 50 to 100 years.

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