Sometimes older people bash millennials because they don’t understand them. As the parent of 3, I know they are forging a new approach to life in general and work in particular. Often, the shaping takes the direction of an Inflection Community, as articulated by the founder of an organization with that name, Frank Denbow.
Using the word “inflection,” a departure from a normal or straight course, Denbow describes how the work of startups can be funded without giving away their equity, a new course for entrepreneurs:
Communities for entrepreneurs and the social capital they enable will be the biggest form of currency to get founders to their inflection points. Cliches exist for a reason, which is why your network is your net worth. If you’re able to close a $500K deal because you’re a trusted partner in a community, you don’t need to give up 10% of your company to close the deal. Leaders like Gesche Haas (Dreamers & Doers) and Alex Taub (Upstream) are creating these entrepreneurial networks, which are the backbone of our future startup ecosystem.
Millennials are “facing a second once-in-a-lifetime downturn at a crucial moment,” according to Annie Lowrey (2020) in her Atlantic article “Millenials Don’t Stand a Chance.” Since millenials entered “the work force in the worst downturn since the great depression” and are now losing jobs in the Covide-19 pandemic, they need to find new ways to work.
Reinventing work post-pandemic will depend on the innovation and perseverance of,” according to Annie Lowrey (2020) in her Atlantic article “Millenials Don’t Stand a Chance.” Since Millenials entered “the workforce in the worst downturn since the great depression” and are now losing jobs in the Covide-19 pandemic, they need to find new ways to work.