I ran across this interesting video on Storify that talks about how innovation is becoming a scarce resource and how capital is becoming more abundant. Doug Richard talks about how he has had to change his investment strategy so that he doesn’t become extinct as a venture capitalist. One quote that stood out to me by Doug was “How do you want to measure the value of innovation? All you have to do is destroy an industry and measure the reduction of its value because it comes back to the consumer for free.” What do you all think?
Doug Richard, the founder of School for Start-ups in the UK, former BBC Dragon, serial entrepreneur and investor, discuss how innovation is becoming the new scarce resource.