ABSTRACT
Although the continued mania for mergers and acquisitions has created an illusion about the importance of the role that large enterprises serve as cornerstones of our economy, it masks the even faster acceleration of entrepreneurship, access to capital, and small business globally. In fact, 95 percent of all enterprises globally are small-and medium-sized business employing nearly 70 percent of the world’s workforce.1 The result has been a shift to a much more granular economy. What has been missing in this equation, however, is a mechanism by which small business can be supported by the same economies of scale that large enterprises enjoy.
