But it would be the 1980s before the bold entrepreneurs and daring investors would harvest the fruits of their efforts.

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The truth is, we have everything we need to compete: bold entrepreneurs, bright new ideas, and world-class colleges and universities.

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The gripe about Britain being poor at gestating bold entrepreneurs is an old one: the stereotype is of boffins who are good at generating ideas, but lose out to thrusting Americans when it comes to monetising them.

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Still, may it serve as a model for other daring bold social entrepreneurs.

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This shortage does not bespeak a lack of bold innovation among entrepreneurs.

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And his advice, when paired with the brazen philosophy to approach your career as if you have nothing to lose, might just make for a generation of very bold and successful entrepreneurs.

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It still seeks to back entrepreneurs with big, bold ideas who want to build companies, not just start them.

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But he said entrepreneurs and startups with bold ideas still play an important role even in the challenging field of energy.

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Furthermore, he isn't shy over making bold claims about influence that he and his fellow entrepreneurs can bring to bear in the recession.

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