Eric Schmidt, the former CEO of Google, gave the Centre for Entrepreneurs lecture in London this week.
In a draft of the speech, seen by Business Insider, Schmidt outlined what he sees as the three big market failures holding back tech entrepreneurship today.
He said tech startups need to be more diverse, less product driven, and more willing to partner early.
Former Google CEO Eric Schmidt has listed the three "big failures" in tech entrepreneurship around the world.
Schmidt outlined the failings in a speech he gave at the Centre for Entrepreneurs in London this week. He later expanded on his thoughts in an interview with former BBC News boss James Harding.
Below are the three mistakes he outlined, with quotes taken from both a draft of his speech seen by Business Insider, and comments he delivered on the night.
1. People stick to who and what they know