Research on the massive increase in global Entrepreneurship
More people than ever want to become Entrepreneurs.
It is based on:
- Interest (record levels)
- Necessity (jobs are disappearing at light speed)
"As we know from the Tupperware experience, we can create huge opportunities by offering basic things like microfinance, training, and coaching.
Currently, around 80% of all new businesses in the U.S. fail within the first five years. However, we can sharply boost this rate of success if we give people proven templates that help them build their own business. At Tupperware, with our sales force of more than 3 million people, we often see the power of this approach, especially for women living in emerging economies.
Mandated “job creation” will not abolish poverty, but simply trap people in dead-end roles. Instead, we need to give people the tools and skills they need to strike out on their own."
- Rick Goings is chairman and CEO of Tupperware Brands Corporation.
The financial times just reported on the growth of markets in developing countries and the speed of the growth is mind-blowing.
The economic map is being re-drawn right in front of our eyes and The Brookings institution says by 2030 the middle class in Asia will have grown from 525 m today to 3 bn. And India will be the largest consumer in the world. The opportunity for entrepreneurs in that region is enormous. And with Cubimo, people can start their business faster.
A number of new early-stage funds have come to fruition in recent months, including Bullpen Capital, which closed an oversubscribed third fund at $75 million for post-seed startups; Relay Ventures, which closed its third fund at $150 million for early-stage startups; and Canvas Ventures, which created a $300 million pot for fledgling startups across the U.S.
Traditional incubators usually have 30 or 50 start ups at any given time. In Paris teh largest one in the world is being built and it has room for 1000 startups. This is still nothing compared to an online solution.
"A report put out in February 2016 by Citibank in partnership with the University of Oxford predicted that 47% of US jobs are at risk of automation. In the UK, 35% are. In China, it’s a whopping 77% — while across the OECD it’s an average of 57%."
Record number of new companies being started - reports from all over the world. This is the largest paradigm shift in history and we are quickly moving towards the Age of the Entrepreneur.
One more basic Income test. This one in Uganda. I expect UBI will happen on a massive scale in three years. It deletes the need for bureaucracy in helping the already millions and millions of people who currently receive some sort of welfare.
Since one of the latest reports estimate that 57% of all current jobs on the planet will soon be gone because of automation, UBI may steer off civil war to take an extreme. Better than that, I believe it will allow people to focus on creativity and innovation. I believe it is the next version of capitalism and that it will lead the world into the #Ageoftheentrepreneur This paradigm shift picked up speed with the 2008 financial meltdown, global UBI will be the tipping point and it will make the industrial revolution seem like a small event.
This report says 57% of all current jobs will disappear due to automation. What role will Universal Basic Income Play?
UN says two-thirds of ALL JOBS will be replaced by robotics/AI in developing countries. I would guess this happens before 2030. Possibly before 2025. When robots can build robots and AI plan the work, the speed will be amazing.
Image Credits: PAUL CHESLEY/National Geographic Creative
Recruitment marketplace Hired adds another $30 million to its Series C pot, closing out at $70 million in total
"Founded in 2012, Hired differs from other recruitment platforms insofar as workers don’t apply to be hired by companies — instead, companies apply to hire them. The system effectively gives employers access to a curated candidate pool, and also gives them access to competing bids to they can improve their offer before the candidate makes a final decision."
Airbus has committed to have its first self-piloted flying taxi for commuters ready for production by 2020. Uber, Google, and Airbus all want to bring flying cars to cities but will need to unite against hurdles of regulations and necessary approvals from the Federal Aviation Administration (FAA).
"This two-armed, teleoperated robot can precisely move in a 10 mm space, giving it the ability to operate on eyes more accurately and with less potential for error than human surgeons. Axsis is just one of a growing number of robot surgeons that are changing how doctors treat patients."
IBMs solution for Artificial Intelligence, Watson, is expected to be used by staggering 1 Billion people in one way or another through different partnerships by 2018. Amazing speed! And still, this is only the beginning.
Startup funds are getting bigger.
"Initialized Capital, an early-stage venture capital firm started by former Y Combinator partners Alexis Ohanian and Garry Tan, has raised $115 million for its third fund. The focus is on investing in companies that are just getting started by putting in between $500,000 and $1 million — just enough to help them get some traction."
A new report by University of Oxford and Citigroup says up to 85% of jobs are at risk as robotics and AI speed up. This is the highest number we have seen in any report. Regardless of number, it will happen fast. Entrepreneurship is the way to go.
Students are Revolting against the system: 53% of US Business Schools reported fewer applications for MBA programs. This is natural in a paradigm shift. And in a few short years AI will do most of the work that Business Schools teach anyway. Entrepreneurship is the way to go.
Joakim Fohlman is a multi entrepreneur since 1999, the founder and CEO of Cubimo and the main author of this page. See more at Wikipedia: