On this week’s post I would like to share with you a great theory that I have read this week about Increasing returns and the new world of business. The theory, that complements Christensen’s Innovation Dilemma, try to describe how today’s business world operates and how the new technology companies such as Uber manage to overcome some of the incumbents in their industries.
Living in New York is great. Beyond all the tasty food and amazing culture, the entrepreneurial scene is alive and kicking. As a result, if you are interested, you can actually meet new entrepreneurs and start-ups on a daily basis. Therefore, since I have moved to the city about two months ago, I decided to make an effort and participate in these events whenever I can.
At one of these events, I discovered Prooffix, a proofreading marketplace that enables its users to improve their written documents by connecting them to proofreaders who were vetted by the company in advance (this is considered one of the company’s value propositions in comparison to its competitors).
About a week ago, I’ve learned from Innovation Guru, Gijs Van Wulfen, about Compass. This organization develops a ranking of the global startup ecosystems. Looking at this ranking I’ve noticed that Tel Aviv, Israel is the first hub outside of the US on the list (at 5th place). To learn more about this phenomenon, I decided to read the book Start-Up Nation, that explains the reasons behind the country’s success in Start-Ups in particular and technology in general.