http://techcrunch.com/2010/03/06/replicators-innovators-and-bill-gates/
Replicators, Innovators, and Bill Gates
by Vivek Wadhwa
on Mar 6, 2010
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After agonizing over this for weeks, I went to my friends at the Kauffman Foundation, and they referred me to their book titled “Good Capitalism, Bad Capitalism”. Carl Schramm and Bob Litan wrote that all who take the risk are entrepreneurs, but that there are two types of entrepreneurs: “Replicative entrepreneurs”, who constitute the vast majority of small businesses (such as restaurants and dry cleaners), and “innovative entrepreneurs” — the rare few who bring new products/services to market or who pioneer new production methods (such as Walmart, eBay, and Dell).
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(Has Vivek gotten smarter since when I worked with him? Or, am I slipping?)
Interesting distinction.
My take on it is that the USA needs more of both kinds.
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