The second annual Young Sustainable Impact conference hosted 25 innovators – all under 25 years’ old and from around the world – to develop solutions for global issues.
In theory, every company is started with a product, an audience and preferred outcome in mind, but a growing number of startup founders are unable to answer a very simple question – “who is this for?”
As the baby boomers hit – and pass – the (formerly) standard retirement age, the global workforce will need to continue absorbing the dramatic rise in employees over 65 for the next 10 to 20 years. A company in South Korea has found the solution to that problem; EverYoung, a technology services firm, only employs those over 55 years’ old.
Recently, LinkedIn’s co-founder Reid Hoffman said that Silicon Valley is – and will remain – the epicenter of entrepreneurs and emerging companies. But younger entrepreneurs strongly disagree; many believe that starting a company outside Silicon Valley is key to their companies’ survival.
While there are plenty of reasons for Silicon Valley’s dominance (an abundance of young talent, a culture of accepting transplants and easy access to capital), there’s no absolute truth to the idea that Silicon Valley is the best place on the planet to build and scale a business right now.