An Entrepreneurial Shift

toptal

As a coach, consultant, and speaker I’m constantly reading articles and following business trends. I recently stumbled across this post on, The New Wave of Entrepreneurship, by Toptal, a network of the top 3% of freelance software engineers. It’s not often that I write about someone else’s post, but this article struck a particular chord with me. If you’re an entrepreneur or an aspiring entrepreneur you will find this interesting.
That said, if you are someone with a deep understanding of a particular product or industry then this is a must read! There is a shift in the archetype of the current startup CEO. It’s not the prototypical Harvard MBA type, and it’s no longer the computer science graduate. Those people are important members of the team, but who you want leading the charge is the industry executive with years of experience and knowledge.
If you think about it, this makes a lot of sense. These people have deep insights and bring a background that will drive innovation. By taking what they know about their traditional non-tech industry, they have an opportunity to disrupt it by leveraging technology. This may be a scary concept at first for anyone outside of the Millennial generation, but keep in mind you don’t have to do it all yourself and as a matter of fact you shouldn’t try to.
If you’ve made a career working inside of a certain industry, you may want to take a step back and consider what could be better. Have you ever caught yourself saying, “wouldn’t it be great if XYZ did ABC”? Perhaps there is something there, and it may be worth digging a little deeper. We are at a very interesting place in time where technology is booming, and your industry may be an untapped market that’s ripe for the picking.