| A lot of innovation is individual as opposed to institutional. Motivated, technically qualified individuals have always been "out there", but now they are lost in the wash with so many highly degreed average people dominating both institutional and venture efforts. The traditional "great man" innovators are more out-of-place
than ever in this landscape, where quantity of technical people is the limiting factor for shareholders requiring rapid growth. If structures allow a return to having the quality of the
innovators prevail over the quantity, more of the outstanding unrecognized individuals may be able to contribute again like what was seen 50 to 100years ago. Some shareholders would not be able to accept the longer incubation periods and slower exponential growth necessary, but not all shareholders are the same. It could happen. Ask yourself, if DaVinci, Newton, Edison, Einstein or somebody like that were unknowns but wanted to innovate for you, or wanted you to support their efforts (which might already be in progress), which of your exclusionary tactics would eliminate them in the first or second round? I've said it before, technology has progressed but it's clear that PEOPLE used to be more advanced than they are now. |