New methods of Entrepreneurship: An industrial driver of innovation
“The Start-Up Factory” (Pearson, Dec 2018) at a glance
6 min readMar 23, 2019
“Entrepreneur” is a word that appeared in France in the Universal Dictionary of Commerce in 1723. And yet it is only in the past dozen or so years, thanks to reproducible and proven methods, that entrepreneurship has become an industry: costs have decreased sharply, massive amounts of funding have become available, and millions of participants have become involved — all resulting in profound impacts on the economy, and society itself.
Historians will remember a profound change in the economy at the beginning of the 21st century in the form of the “digital revolution”, where the dominant economic players no longer came from the fields of Energy or Industry; instead, it was the famous GAFA (Google, Apple, Facebook, Amazon) in Western countries and BATX (Baidu, Alibaba, Tencent, Xiaomi) in China that became the major players. This revolution is as profound as the industrial revolutions of the nineteenth century or the invention of…