‘Software is eating the world!’ US tech luminary Marc Andreessen declared in 2009, on the eve of launching his venture capital firm, Andreessen-Horowitz. This extraordinary claim has become the mantra of Silicon Valley startup entrepreneurs, codifying a new philosophy of tech entrepreneurialism and kickstarting a bold new era of ‘creative destruction’. Decoded it means: software engineers are world-builders – so look out! Bored with building apps, games, and websites, the latest generation of tech entrepreneurs are creating social operating systems for the societies and economies of the future. Take the sharing economy startup Airbnb, for example (recipent of $112 million in funding from Andreessen-Horowitz in 2011). Andreessen claims:
Airbnb makes its money in real estate. But … Airbnb … has much more in common with Facebook or Google or Microsoft or Oracle than with any real estate company. … Airbnb is building a software technology that is equivalent in complexity, power, and importance to an operating…
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There has never been more opportunities for entrepreneurs and start-ups to make positive changes to people’s lives, to disrupt the norm and to innovate.
However, there are a great many challenges facing those who attempt to shake up industries: government regulations, monopolised markets, red tape and dirty tricks from competitors can sometimes make it difficult.
So why is all this getting in the way?
Is innovative disruption as active today as it has ever been?
Is change and true innovation being prevented?
Have entrepreneurs lost the will to innovate?
Check the video with the highlights of Virgin Disruptors on Silicon Valley, gathering an incredible panel of experts debating the question: Have entrepreneurs lost the will to innovate?