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Eric Schmidt highlights the incredible speed at which new ideas can be prototyped today. Sharing an example from a hackathon, he explains how a team quickly built a program that guided a virtual drone through two towers, a task that would have taken skilled programmers weeks in the past. His key advice to entrepreneurs is to rapidly prototype ideas using modern tools, as competitors are likely doing the same. Speed in development has become a crucial factor in gaining a competitive edge in today
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