Celebrating American Ingenuity: Unleashing Innovation and Shaping Our Future in the Second Half of 2023

Published July 6, 2023

As we come back from celebrating the 4th of July – a salute to independence, hotdog eating contests, and fireworks – and enter the second half of 2023, one of the key tenets that we should be celebrating is American Ingenuity. While there are many unknowns in how the rest of the year will play out, we do know that a focus on harnessing innovation, creativity, and problem-solving will play a pivotal role in shaping the world we live in.?

America has a history of embracing new ideas, and this entrepreneurial spirit has led to countless inventions, technological advancements, and groundbreaking discoveries. There are a few notable examples that are currently most exciting to me and provide limitless possibilities:

• Healthcare is moving forward with?groundbreaking treatments and therapies, new diagnostic tools, and telemedicine solutions helping patients live healthier lives.
• Artificial intelligence is only going to become more powerful in the years to come, from solving complex problems, automating inefficient tasks, enhancing security, and creating new forms of art.
• From renewable energy sources to advancements in energy storage, recycling technologies to sustainable agriculture practices, scientists and businesses are finding innovative ways to mitigate the impact of climate change and improve the health of our planet.?
• Innovative and more efficient rockets and spacecraft are making it affordable and accessible to increase space travel, while robots are exploring the solar system collecting data and images, leading to new discoveries about the universe that could benefit us here on Earth.

We see innovation coming to life in the portfolio companies of some of our current funds, specifically Greycroft portfolio companies,?Prezent?and?Hopscotch, in AI and healthcare, respectively, Warburg Pincus’s investment in climate company?Eco Material Technologies, and Marlinspike’s investment in?Voyager Space.

From the founding of the nation to today, this ingenuity continues to drive progress, resilience, and innovation across all aspects of society. There are many things we can do to support American Ingenuity, from investing in next-gen companies, supporting policies that promote innovation, starting businesses, or learning and exploring new ideas. No matter what happens, this spirit will undoubtedly guide us towards a brighter future.

-Logan Henderson, Founder and CEO

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