Money is flowing, and things—including job creation—are happening as a result of Stiletto Networks. Creativity emerges from this mash-up of skills, and innovation occurs at the intersection of disciplines and value-creation streams. Original products and ventures are forming.
Even ten years ago, if you were a senior executive in technology and your best friend worked in retail, you never expected to do enormous deals together. You never thought to partner and launch new companies. But today firms like Gilt Groupe are thriving. Gilt is an amalgam of technology, media, fashion, homeware, food, and travel, and the company relies on partnerships with firms in each of these fields.
“You figure out what you have to trade when you’re ...