We are entering the new era of #conceptual thinking, the era that demands strong entrepreneurial passion but at the same time demands even stronger competence in the areas of science, technology and business - and requires the adoption of the 'art', 'design' and 'empathy' component in overall thinking process - enabling a deeper understanding of fellow human beings - who also happened to be the mass consumers, entrepreneurs, collaboraters, investors and other integral players of the overall entrepreneurial ecosystem.
So, this begs the question how entrepreneurial ecosystems around the world can thrive in the conceptual economy. Venture Capital model is very unique to the American entrepreneurship model. The early receipient of venture funds set the tone for the economic boom in the United States.
With the signs of inter-disciplinary disruptions emerging, venture capitalists once again shall play an important role to guide entrepreneurs in the new economy.
With barriers to entry going down sharply for entrepreneurs and investors, venture capitalists are adapting new ways to increase their competitive advantage. The one way that the successful VCs are doing this is by being good at finding deals objectively, by using means based on big data and algorithms. Not mentioned in this article, but, smart venture capitalists are betting heavily on the human factor, understanding human needs, pain points ( and opportunities) in the least expected places around the world.