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(Mike Blake/Reuters) To focus on disruption is to invite copying to dominate your thoughts.
Editor’s Note:
This
(Portfolio, 2020).
Copying is the strongest force in the universe. We are so predisposed to copy that it infiltrates our most innovative institutions, even within that self-proclaimed hub of innovative thinking, Silicon Valley. Of course, we don’t call ourselves
copycats in the Valley, we call ourselves
disrupters.
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How could I make the accusation that people committed to disruption, to the very destruction of a system, are really copying? It is a matter of focus. If your goal is to disrupt something, you must at least know what you are disrupting. But simply looking at the industry you want to disrupt will cause you to emulate it in countless ways. Ironically, to focus on disruption is to invite copying to dominate your thoughts. T
Invisibly
Federal Reserve Bank of St. Louis
2017-Present Deputy chair of the central bank s eighth district.
Fintop Capital
2017-Present Co-founder and general partner of fintech investment fund.
Inc.: At Invisibly, you re trying to help consumers understand how their data is monetized for ads. Why?
McKelvey: I believe that individuals should own their data. We have several very powerful companies whose business is to give you free stuff, but you essentially pay them with your identity.
Inc.: Can you tell me about micropayments?
McKelvey: Efficient micropayments would be hugely valuable in media, for example, where the current model is a lump subscription fee that doesn t make sense for most consumers.