CHAPTER 10

Future Economic Trends: Innovators, Disruption, Cycles, and the Threat of Stagnation

The old adage, “If a tree falls in the forest and no one was there to hear it, does it make a sound?” can also be applied to business. If an individual has invented a new product or has an idea for new service but does not have capital to bring it to the marketplace, is it really a breakthrough?

A key component in taking a product or idea to the marketplace is private equity—namely, the pooling of funds from major firms such as the Blackstone Group, Kohlberg Kravis Roberts, the Carlyle Group, or dozens of other private equity outfits and/or from very high net worth individuals who take part ownership in a new venture. These funds make it possible for ...

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