Capitalism made me billions – now anyone can make the same from their couch

Technology bleeds into every sector, everywhere, meaning anyone, anywhere, can build a world-bettering business and profit en route. That wasn’t always true. For ages, geography was destiny. Success meant going to where industry and capital were. Think of the Industrial Revolution spurring urban influxes, Britain was the place to be. Or America, long dubbed the Land of Opportunity. But now opportunity is everywhere and anywhere: London. Lichfield. Birmingham or Bath. For anyone. Yes, you too. When I began managing money professionally over 50 years ago, location was key. It was New York or... well, nowhere really. In the 1970s and 1980s, business builders flocked to California’s Silicon Valley – where myriad technology companies blossomed in a modern gold rush. Bankers, eager to cash in, followed. Sand Hill Road became the world’s venture capital (VC) epicentre. Specialty investment banks made fortunes underwriting tech company stock market listings for startup Davids that became Goliaths. The nouveau riche needed lawyers, accountants and wealth management – hence, other firms (like mine) followed. In 1979, I launched my firm in Woodside, California, on Silicon Valley’s outskirts, in my basement with nothing. No fancy office. No hifalutin degree. But it was the Land of Opportunity. All that money sloshing...

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