Welcome to Creative Destruction

Early 20th century economist and political scientist Joseph Schum­peter asserted that the source of eco­nomic growth in capitalism is radical innovation that revolutionizes the economic structure from within, de­stroying the old structure while creat­ing a new one. He called this process of transformation and innovation "creative destruction." For Schum­peter, individuals drive an economy and the "wild spirit" of entrepreneurs is the force that shapes it.

The 'Gate Entrepreneurship Blog will profile some of these wild spirits and creative destroy­ers. The entrepreneurial pulse of Colgate is often overlooked, but Hamilton has been the breeding ground for countless companies including well known game-changers such as Trivial Pursuit, Ben & Jerry's and Vitamin Water. Each week The Maroon-News will sit down with a Colgate alumnus who has taken the road less traveled to start a business and lead the way in creative destruction. Some of the alumni profiled are navigating their first venture and others will have built and sold multiple companies but, regardless of their age or experi­ence, they all share a passion for innovation and entrepreneurship.

Besides covering the Colgate entrepreneurial community, members of the new Colgate Entrepreneurship Club will bring you events, articles, tools and videos for those who share their interest in entrepreneurship.