Invisible Capital

3Invisible Capital Exposed

Invisible capital is the wind. We don’t see it, but it is undoubtedly there. Its presence is felt. Its impacts are clear, from the naked stalk of a dandelion to a felled grove of oceanfront palm trees.

For those striving to succeed in modern American entrepreneurship, invisible capital is either a powerful tailwind, a brutal headwind, or even a fickle, swirling windstorm, depending on your circumstances. For millennia, the wind was believed to be the breath of the gods. Anger them, and your village would be wiped out. Honor them, and the gods would spare you.

These days, most Americans are no more sophisticated when understanding the all-too-real, but unseen, forces that shape entrepreneurial opportunity. As Americans, ...