Charlie Fletcher, partner in the tech investment team at Taylor Vinters, takes a look at the global innovation economy.
Try boiling one potato in a whole saucepan full of water – it takes ages, is wasteful and, as economists would say, is highly inefficient. There are two solutions. You can tip out most of the water and try to find the perfect amount to boil one potato – try modelling that! – or you can throw in a few more spuds.