7. Where Is Technology Heading

Eamonn Carey is the Managing Director of Techstars London. He's been an entrepreneur for most of his adult life - starting several companies in Europe and the Middle East - two successfully, others, less so.

He's been an active angel investor in Europe, the US and Asia for the last five years - investing in everything from AI to food tech and from messaging to co-working spaces. He ran the Techstars Connection program in New York, works with the Zeroth AI accelerator in Hong Kong and sits on several boards - including Lingvist, Paranoid Fan, and Motivii.

Discussion

We cover the way the landscape has changed for investors, technology and entrepreneurs. With radical shifts in how we live there is a lot of current change but also a lot of things that will stay different after this.

Eamonn explains the opportunities that are available for those willing to adapt quickly and how entrepreneurs can build new businesses that benefit the world. We outline the problems caused by uncertainty and how to deal with fear and act rationally.

Take Homes

Accept the Idea of Change

Change is inevitable not only in life but in business too. As long as the people and the technology are progressing, so should the businesses around them.

Businesses have to improve and develop new ideas that can be incorporated with their plan. They have to have a bird’s view of their business to understand what is going to happen next. This approach will help change the route in the shortest time if there is any unplanned change.

Everybody should embrace change in their organization. If not, there will be a negative implication. Businesses that do not adapt to their environment tend to slow down and ultimately die or shutdown.

Covenience is Booming

With the impact of covid-19, “convenience” has taken on a whole new meaning. Companies offering convenience are taking over.

This revolution is affecting all kinds of industries – not just retail – as some companies are developing new ways of doing business that make life easier for the customer.

It is clear, no organization is free from the push toward higher convenience. Time to become ‘fast’ and ‘easy’!

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If you enjoy the episode and want more, Sam has launched his new show - "How to Change the World: The History of Innovation".

Chronologically studying every world-changing event in order and how they build upon themselves up to today.

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