This document discusses the emergence of coworking spaces and new entrepreneurial models centered around collaboration and community. It argues that coworking spaces are at the heart of value creation by facilitating knowledge sharing, improvisation, and bringing together diverse skills. Several principles for next-generation enterprises are outlined, including designing for serendipity, gradual breakthroughs, distributed power, and transcending barriers to information. The document advocates for cultivating qualities like courage, artistry, and grit that create value in this age of rapid change.