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Ten years ago, entrepreneurs by having an idea, as well as a Powerpoint presentation, had to visit the VCs on Sand Hill Road and ask for permission (read: $5M) to start their companies and hire the 20 engineers needed to focus on a prototype. Today, two twenty-something-year-olds could get free a workplace, free hosting, and begin building their prototype with a shoestring Ramen budget-funding the entire venture on his or her credit cards. The reduced cost in enabling started has unleashed a dramatic change in leverage faraway from investors and towards entrepreneurs. Sweat, not money, is when the ability lies now.
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