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"Disruptive" - It's a term that used to describe an annoying school child, but now all of the startup junkies use it to push their grandiose ideas that they cla
by hatsubai 8y ago
"Disruptive" - It's a term that used to describe an annoying school child, but now all of the startup junkies use it to push their grandiose ideas that they claim will upend major industries.
- verganileonardo 8y agoSchumpeter used this term in 1942 to describe startups destroying incumbents. "In Schumpeter's vision of capitalism, innovative entry by entrepreneurs was the disruptive force that sustained economic growth, even as it destroyed the value of established companies and laborers that enjoyed some degree of monopoly power." https://en.wikipedia.org/wiki/Creative_destruction https://en.wikipedia.org/wiki/Creative_destruction