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Another way to redefine the terms of the automation debate is to provide stock to employees, something many of the world’s most innovative companies already do. Some of the most innovative companies today are using technology to create win-win business models that allow their customers to generate income. That isn’t true.
For instance, Snapchat’s cofounders, Evan Spiegel and Bobby Murphy, started working together on a website for students called Future Freshman, among other projects, while at Stanford University. Moreover, the innovations lying at the heart of the unicorns’ success stories are digital innovations. Narrowly focused.
Square , a financial services start-up created by Twitter cofounder Jack Dorsey, markets its transaction processing services directly to consumers and small businesses via the Internet. Big companies hesitate to make those decisions, which require bringing many people to the table and taking real technical risks.
Over the past few decades, Silicon Valley has been such a powerful engine for entrepreneurship in technology that, all too often, it is considered to be some kind of panacea. We’re now entering a new era of innovation , one that the model doesn’t quite fit, and we will have to develop new approaches to build the future.
Frequently cited as one of the world’s most vibrant innovation hubs, Israel boasts more startups per capita than any other country in the world. The final reason for Israel’s entrepreneurial dynamism is based on the logic of innovation clusters: Early success breeds continued success. That’s the good news.
Moreover, because tech roles have seemed inaccessible to those without a technical degree, the sector’s high-paying jobs have been assumed to exacerbate social divides, not narrow them. And there are other models worth exploring to improve racial inclusion in high-tech entrepreneurship and within the tech industry.
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