The marvelous feats of mankind were crafted by brilliant entrepreneurs who were not afraid to transform their ideas into real products. From the Pyramids of Giza to the iPhone, the products of innovators make the world an incredible place. Monuments and life-changing products are not the only results of entrepreneurs. Throughout history, entire societies have benefited from people who dared to break from normal practices.
The Future is Forged by Innovators
Consider the example of the government of the United States of America. The Founding Fathers were innovators who crafted a style of government that placed its faith in the abilities of the common man. This brand of social entrepreneurship resulted in a constitutional government that has withstood the tests of authoritarians, socialists, corporatists, and other philosophical groups that harm the majority of people. With a constitutional republic, American citizens were able to enjoy a level of freedom and prosperity that was unprecedented in previous centuries.
In addition to social innovations, clever entrepreneurs can craft new business models that disrupt the entire market. The most obvious example of this kind of entrepreneur is John D. Rockefeller. In the late years of the 19th century, Mr. Rockefeller decided to test his idea of selling kerosene as a substitute for whale oil. The idea was an instant success, and kerosene replaced whale oil on the open markets. After hiring some of the brightest chemists in the world, Rockefeller also learned that crude oil could be used to produce gasoline. When two entrepreneurs created the internal combustion engine, Rockefeller’s petroleum was used across the markets. This eventually led to the creation of Standard Oil. However, Rockefeller’s success did not end with the creation of Standard Oil. To maximize his profits, Rockefeller implemented both vertical and horizontal integration production methods into his business model. This allowed Rockefeller to dominate the markets while cutting prices and increasing output.
The modern world has numerous innovators who are similar to John D. Rockefeller. One of the most important entrepreneurs of the 21st century is Jeff Bezos. Jeff Bezos is the CEO and owner of Amazon. Known as “the everything store”, Amazon is an empire that started as a tiny urban bookstore. Today, the giant online marketplace sells a wide variety of products, including electronics, books, and fresh vegetables. Bezos adopted the strategies of Rockefeller to maximize his company’s impact on the market. While spreading the reach of his company across the globe, Jeff Bezos cut costs by purchasing distribution centers, grocery stores, and other parts of his supply chains.
While John D. Rockefeller and Jeff Bezos mastered the art of crafting a business empire, some entrepreneurs change the world with innovative visions of the future. For example, the South African entrepreneur Elon Musk is attempting to save the world from the dangers of climate change with numerous new ideas. Some of these concepts are an underground traffic tunnel in Los Angeles, a fleet of autonomous electric cars, and new solar energy technologies. Musk also dreams of humanity’s future in the solar system and beyond.
Avoiding the Shackles of Crony Capitalism
All of these investors improved the future of humanity with new methods of production and grand ideas, but they are often hindered by the shackles of governments and unethical competitors. For example, John D. Rockefeller’s Standard Oil was curbed by antitrust laws in the early years of the 20th century. While regulators argued that Rockefeller’s company was a monopoly, Standard Oil did not exhibit monopolistic behavior. If the company was a monopoly, it would increase the price of oil by restricting output. However, Standard Oil increased output and decreased oil prices.
By competing on the grounds of price, quantity, and quality, Rockefeller defeated his competitors in the oil industry. Since these competitors could not defeat Rockefeller on the open market, they flocked to the government. After lobbying regulators and politicians, Rockefeller’s competitors successfully convinced the government to target Standard Oil with antitrust laws. This is crony capitalism.
Relying on the Genius of Contemporary Entrepreneurs
The modern markets have many crony capitalists who attempt to earn massive profits without competition on the open markets. Fortunately, these enemies of progress are not the only capitalists in the markets. Eric Pulier is a prime example of an entrepreneur who can succeed without the unfair advantages provided by government handouts.
Like Elon Musk and other visionaries, Eric Pulier is a futurist who envisions a world where technology complements the growth of humankind. Throughout his career, Eric Pulier has created over a dozen companies that have disrupted the market with innovations. Consumers have benefited from the technology applications of these companies.
While some entrepreneurs simply use profits to improve their standards of living, Eric Pulier uses surplus funds to invest in the future of the world. He is a firm believer that startups are the key to a bright future. These small companies ensure that companies remain competitive without the stagnating influence of governments. As a venture capitalist, Eric Pulier has funded the projects of numerous startups. His efforts have earned him millions of dollars over the years.
The Life of Eric Pulier
Eric Pulier is a successful entrepreneur who inspires both admiration and envy in onlookers, but he was not born with fortune. Eric Pulier began his life in a humble home in New Jersey. Throughout high school, he worked as a gas station worker. When he was at home, he studied technology and programmed computers.
After graduating from high school, Eric Pulier moved into a dorm at Harvard University. At this great university, Pulier studied science and literature. He graduated from Harvard in 1988. To pursue his passion for technology, he founded People Doing Things in 1991. This organization was dedicated to created technology solutions for major challenges in the fields of education and healthcare. After selling this company, Eric Pulier launched several companies related to virtual computing and media. It is clear that Pulier is interested in solving problems with technology of all kinds.
Eric Pulier’s most recent venture is a startup known as vAtomic Systems. This company aims to merge the physical and digital worlds with augmented reality and experimental technologies.
For Eric Pulier, technological growth and innovation are the key to success. Humanity must commit to these ideals to achieve a bright future.