Democratizing Entrepreneurship

With the famed stories of entrepreneurial stalwarts like Bill Gates, Steve Wozniak, Steve Jobs, Bill Hewlett and David Packard, Mark Zuckerberg, Peter Thiel, Elon Musk and the like, entrepreneurship has been perceived as the realm of elite workaholics who are passionate about their vision and achieved their vision through supernatural drive and perseverance in the face of adversity. Although mostly grounded in some reality, that perception has also caused the masses to believe that entrepreneurship is not for all.

There are two types of perspectives in this regard. The first perspective comes from those people who are not tech savvy but have an idea of a solution to a problem they have uncovered. In some cases, they may also not have a real understanding of the problem facing a specific segment of people. However, because of their lack of understanding of technology, they tend to believe they cannot do anything with their ideas. The other perspective comes from tech-savvy individuals who might be even working as product managers in technology companies. This perspective is based on their perception about the complexity of the process of moving their ideas from napkin to a business. Essentially, they do not know how to move their idea forward. This group also has the tendency of falling in love with the technological solution they have conceived and they do not appreciate the importance of understanding the problem first.