TLDR:
Opportunity in the age of technology is everywhere, no longer limited by geography. American capitalism allowed Ken Fisher to build a fortune, but now anyone can do the same from anywhere, including the UK. VC funding has expanded globally, offering more opportunities for startups. The UK ranks third globally in total VC investment, behind only America and China. Barriers to entry are broken, allowing for remote business operations, tech support, legal advice, and more to be handled cheaper than ever before. Anyone can take advantage of these opportunities and build a successful business.
Article Summary
Ken Fisher, who founded Fisher Investments and built a fortune estimated at $6.3bn, highlights the shift in opportunities for building successful businesses in the age of technology. He emphasizes that success is no longer limited by geography, as the internet allows for funding and business operations to be conducted remotely. The UK, ranking third globally in total VC investment, has seen a growth in VC funding, allowing for more startups to thrive.
Despite headlines citing a VC and PE “winter,” the UK saw a significant increase in VC funding, reaching its third-highest level ever at £21.3bn. The barriers to entry are breaking down, with record numbers of women and minorities launching PE firms in the US and female-founded new businesses on the rise in the UK.
Fisher encourages aspiring entrepreneurs to take advantage of the opportunities presented by the internet and capitalize on the decentralized harnessing of creativity in capitalism. He emphasizes that failure is a part of the learning process and persistence pays off. With the ease of remote business operations and access to funding, anyone can build a successful business from anywhere.
