Comments on: A lost generation of entrepreneurs? http://blogs.reuters.com/small-business/2010/01/28/a-lost-generation-of-entrepreneurs/ Grow your own Thu, 26 Mar 2015 12:32:24 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: factsandreasons http://blogs.reuters.com/small-business/2010/01/28/a-lost-generation-of-entrepreneurs/comment-page-1/#comment-18535 Thu, 31 Jan 2013 19:45:09 +0000 http://blogs.reuters.com/small-business/?p=1688#comment-18535 Was it the youth and immaturity of the darlings cofounder that prevented it from recognizing it was a holemaker or a fastener not a driller or a nailer that now has me find this agist rant on it’s keyword as the idea was never set fully free? Batteries do not enable or protect cars- or airlines endanger one plane at a time, they SHOULD disrupt but we have seen a market failure, despite being publically traded for years it was never managed in the public interest perhaps because our system is not always the solution, here it was the problem. A price is being paid in the loss of landline (quality quick audio connections), undelayed and lossless channel surfing etc. and asking for gifts instead of selling equity maybe what our new lights have been up to- supporting there work primarally, not there futures or ‘skillset’ etc.

DO you understand the difference?

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By: prabhugg http://blogs.reuters.com/small-business/2010/01/28/a-lost-generation-of-entrepreneurs/comment-page-1/#comment-1595 Sun, 07 Feb 2010 17:14:26 +0000 http://blogs.reuters.com/small-business/?p=1688#comment-1595 One has to read : “Innovation and Entrepreneurship” by Peter Drucker. Innovation is the tool of an entrepreneur. An entrepreneur shifts the yield of a resource from a lower to a higher level. Most entrepreneurs are plain Johns who make a difference in ordinary lives. To restrict the meaning of innovation to novelties is to give a very narrow sense to the word. We all know that there is tremendous waste in this world. One way is to be entrepreneurial in a way which reduces waste and enhance value to consumers.

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By: JulieMeyer http://blogs.reuters.com/small-business/2010/01/28/a-lost-generation-of-entrepreneurs/comment-page-1/#comment-1593 Sat, 06 Feb 2010 21:30:48 +0000 http://blogs.reuters.com/small-business/?p=1688#comment-1593 While I try to be sympathetic to the view of the article, I sort of wonder where he’s been hiding? There are phenomenal entrepreneurs who have built businesses of significance in the years 2001 to 2009. Ariadne Capital, my investment firm, were early advisors to Niklas Zennstrom at Skype, and we’ve backed Alastair Lukies, the CEO of Monitise, the global leader in mobile banking, since 2004. Christina Domecq and Daniel Doulton were the first entrepreneurs in Europe and possibly the world to sell a hosted solution into mobile carriers 33 times with SpinVox; they created a whole new category of technology – voice to text delivered as a hosted solution via the mobile carrier channel. Then there is Espotting and my friend Seb Bishop and Daniel Ishag, who built the first pay per click company with the Advertising 2.0 business model. Frankly, I have a very long list of outstanding entrepreneurs of significance over the past decade.

Anyone who wants to be part of the movement of creating global leaders out of the UK should watch Entrepreneur Country – www.entrepreneurcountry.net

Julie Meyer

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By: RedQueen http://blogs.reuters.com/small-business/2010/01/28/a-lost-generation-of-entrepreneurs/comment-page-1/#comment-1542 Sun, 31 Jan 2010 22:43:38 +0000 http://blogs.reuters.com/small-business/?p=1688#comment-1542 Out of thousands that tried, maybe only one or two succeed. But they will be our inspiration to drive on and we should never give up! =)

www.mountuu.com

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By: stuffnthings http://blogs.reuters.com/small-business/2010/01/28/a-lost-generation-of-entrepreneurs/comment-page-1/#comment-1540 Sat, 30 Jan 2010 22:05:22 +0000 http://blogs.reuters.com/small-business/?p=1688#comment-1540 As a 32 year old serial starter upper, inventor and social media developer, I feel the hardest part about getting a new idea out there is that there is no one to trust. We see vultures on a daily basis who would love to buy our ideas for 90% control of the idea and pay out 10% of the payoff. What incentive is there for the starving artists? NONE.
We do this because we love our work, creating something useful, finding a need and filling a gap. Not all of us are willing to sell our children to the highest bidder.
I would work with a trusted company who would sponsor ideas, mentor growth and accept a great charitable write off for giving capitol to a worthy new green minded company. NOT LIKELY to find such a company or team, eh?

You will see more innovation if the greedy capitalists would nurture new ideas rather than depending on someone else’s ideas for their own gain.

OPINION: You know who Mark Z is because Microsoft invested in his dream, and they spent about $50,000 in researching his company before they even contacted him about investment. They have already seen the ROI twice through ad streams and will see customer loyalty to Facebook do nothing but increase in the long term. From a start up network of grad students to a fully functional social network, adding relatives, businesses, and extras, this happened over 5 years vs. the 15 years it would have taken if no serious research had been done, and buyouts taken place. Take someones baby from then and raise it as your own and you will not have the same child.

Conclusion: Get behind someones dream rather than buy it from then and you will see the full potential. Stop limiting our sights with your experience, and let us grow.

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By: zigzaplane http://blogs.reuters.com/small-business/2010/01/28/a-lost-generation-of-entrepreneurs/comment-page-1/#comment-1539 Sat, 30 Jan 2010 18:39:11 +0000 http://blogs.reuters.com/small-business/?p=1688#comment-1539 Everyone on here complaining about needing money to innovate is absolutely wrong. True innovation comes from building an organic business that grows by demand not by ego. As a small business owner in my twenties I work as the CTO for as a technology consultant and collaborate with many engineers to delivery high quality products to my clients. It’s sure not as exciting as having millions to build my ideas but with the right amount of hustle and the right attitude all of my ideas are quickly becoming a reality.

There American spirit of innovation is not backed by venture capitalists; it is rooted in the spirit of “can do” and the answer of “yes” when asked if it can be done.

Anything less than success is a result of your own failure and should not represent the rest of us. Persistence is the key to success.

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By: savage1881 http://blogs.reuters.com/small-business/2010/01/28/a-lost-generation-of-entrepreneurs/comment-page-1/#comment-1538 Sat, 30 Jan 2010 18:27:44 +0000 http://blogs.reuters.com/small-business/?p=1688#comment-1538 The message of persistence and focus is not taught frequently enough.

Individuals my age (22) approach entrepreneurship like investors… looking for good “prospects” and jockeying for position with stock and shares. These lessons–taught by the investment community–confound and disable many start-ups at the get-go. More importantly, however, they rob passion for the start-up.

Without that passion, the current idea does not stand up to the next idea down the line. And without that passion, people are much less likely to say “screw investment, lets just build it.” That is, I feel, a necessary point in many start-ups, and one that many young “entrepreneurs” I know fail to ever reach.

My generation seems distinctively bipolar: either we are excited by the minute details of every contract or we are excited by the grand scale on which our new enterprise will “dominate”. Traversing the varying scale of business is a trait few individuals have. You could argue that this is a product of our environment (the internet), our working parents or the lack of a firm hand in our upbringing.

Either way, I agree with the article: Our generation needs experience and I think that allowing them that experience will mend this problem. Every VC needs to educate the population that they are not the end-all, be-all of starting a company. First, you’ve got to get your hands dirty and go do something.

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By: michaelmoore http://blogs.reuters.com/small-business/2010/01/28/a-lost-generation-of-entrepreneurs/comment-page-1/#comment-1536 Sat, 30 Jan 2010 12:34:25 +0000 http://blogs.reuters.com/small-business/?p=1688#comment-1536 If there is anything wrong with this generation it is that that they were enabled too much. Enablement stifles entrepreneurship. There is always a roadblock when someone
is enabled. Entrepreneurs find away around every obstacle and never give up. Adversity
fosters entrepreneurship.
If you don’t believe me – go and spend some time in Calcutta or Bombay. There you will see real entrepreneurs !

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By: mdspatsy http://blogs.reuters.com/small-business/2010/01/28/a-lost-generation-of-entrepreneurs/comment-page-1/#comment-1534 Sat, 30 Jan 2010 10:10:53 +0000 http://blogs.reuters.com/small-business/?p=1688#comment-1534 This writers views on this subject can be accepted in partial ways.
I do not think that, world is facing shortages of young enterprise thinkers,new innovations at tender ages in future years.
Day by day, education,technology,science and research fields are attracted,experiences by young,adults are growing.
Now, we have to encourage youngsters to have more freedom,free from so many controls,restrictions,shortage of funds and mainly from initial discouragement to young,aspiring scientists, new developers and from elders ,and from state regulatory authorities.
How we got many talent works,scientific findings, new drugs,new theories, new applications in communication sectors, and from new,thought provoking,applicable thoughts for us.
We got all these good things from young engineers,doctors,scientists and from world famous educational institutions from time to time.
I think that, we will not face any dearth of talented minds in future.
How, Mr,Bill Gates,face book,twitter founders have formulated,implemented their sayings into modern realities.
Like them, we will get more and more beautiful brains in this decade.
This is a continuing process and it will shape into more futuristic helpful ways to us.,

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By: webby http://blogs.reuters.com/small-business/2010/01/28/a-lost-generation-of-entrepreneurs/comment-page-1/#comment-1532 Sat, 30 Jan 2010 09:08:33 +0000 http://blogs.reuters.com/small-business/?p=1688#comment-1532 Dutch is probably Dutch. All the arguments used are used in a public debate in the Netherlands about an overhaul of the pension system in which politicians use the blame game and divide the older and younger generations to raise the age of retirement.

However It is exemplary of the influence of politicians and if we look at them and their ways today there is a parallel. Blaming others, not the USSR anymore, but domestic groups, internal divide and conquer politics are back again. This is the example they (and we) are giving instead of trying to do better, being more motivated, being more solution minded instead of problem minded, blaming instead of taking responsibilities, negative focus instead of positive, playing insecurities and fear instead of hope and progress. This is what todays generation has had as an example how the game is played and it has nothing to do with entrepreneurial skills whatsoever, in contrary, they are al skills of destruction and deception.

If you are wondering why the youth is blaming, “disfunctional”, not living up to their potential (which of course is a generalization of mega proportions), look up and see their leaders/examples. Western leaders who attack problems with more problems instead of solutions. In America it is now the opposition in Europe it are still all concerned. All this of a few blows to our ego, some really nasty business and our leaders caved and we followed. Some say it’s the collapse of a common enemy, but it’s not. The nineties were successful in many ways. Yes, the root of today’s problem were constructed in the nineties (and before), but that has always been the case. Yes it’s hard to get credit for a start up, but that has always been the case. It’s our mindset which is depressing and reality just follows. Our youth deserves better, so let’s start blaming ourselves instead of them even if they mimic our fears and insecurities, we are their example.

Time to set our example, not by forfeiting our legacy and victories, they are tremendous, but by being responsible adults who’s time in the spotlight is passing instead of struggling and fighting the inevitable. In other words, grow up finally!

So Dutch is right in the party he blames, but not for the right reasons and if he knew the right reasons, he wasn’t blaming that party, but setting up a business which targeted the people of our age which is rapidly becoming the biggest and most wealthy consumer group in history. If only he had learned of the possibilities instead of all the problems.

My 0.02

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