Like Ant Financial, Capital Float is also tackling the problem of financing entrepreneurs in countries with fast-growing industries, such as e-commerce, that are underserved by traditional financial institutions.
They have also applied themselves to the everyday problems of real-life entrepreneurs instead of drifting into academic abstractions.
Whereas two centuries ago the problem for entrepreneurs was a shortage of capital, today the world is awash with the stuff.
Going back to Tal's idea above - what is so powerful about 1-to-N innovation, is that entrepreneurs from places like South Africa, the Czech Republic, and Israel are exposed to different kinds of problems than entrepreneurs from San Francisco.
Normally, disposal of these waste materials from seafood processing are an economic or environmental problem for entrepreneurs and local governments.
Acumen Fund, a nonprofit global venture fund focused on alleviating poverty, has invested in a handful of water companies in India and became aware of the problems its entrepreneurs were facing.
Draper pointed to some of the problems that entrepreneurs should take on: energy, security, health care, traffic, pollution, war, poverty, education, roads, prisons and airport development.
Avery also talked about some of the problems Kiwi entrepreneurs face as they seek to compete on the global stage.
Can you imagine if a group of entrepreneurs can solve these problems for one sports team?
