According to entrepreneur Chris Dixon, the most important change for entrepreneurs versus a decade ago is the ratio of reach to capital. Today, the reach of a startup is 100x larger, while the capital needed is one tenth that of a decade ago—a thousandfold improvement in just ten years. The result is that technology risk, particularly for largely information-based or information-enabled businesses, has all but evaporated. (Needless to say, if you want to build a supertanker, you still need some capital.)
