111–120 of 131 posts
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I think the key to network monopolies there is going to be iot device + backend. The backend/network is where the lock in/value will come from.
I don't understand, could you please expand?
It's about the app store, not the iPhone.
It's about the phone contract, not the phone hardware.
It's about the K-cups, not the Kurig.
It's about the cable subscription (and the ads), not the set top box.
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"Of course, if you look too disruptive they'll probably just buy you with their mountain of cash." Woe! :P
Unless they decline the offer, like Facebook did and Google did and almost every current big company did at some point. If you are wildly successful there WILL be that option in front of you at some point.
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"the age of the intelligent networked machine is just beginning" This sounds like pure denial. You don't want to face a painful truth, so you create a rationalization. But your sentence could be applied to dozens of other maturing industries, and your sentence would be wrong in every case: In the 1880s: "There are thousands of oil reserves that no one has discovered yet, therefore the field remains wide open to innov…
The train, the automobile, and the microprocessor were all harbingers of exponentially increasing wealth and opportunity. Each technology lowered the cost of starting and running businesses, as well as giant ancillary businesses and markets. The microprocessor preceded the gold rush we're eulogizing here. They all spawned brand new ecosystems that created entirely new opportunities for entrepreneurs to create wealth.…
"Each technology lowered the cost of starting and running businesses"
No, not in those industries. When an industry consolidates, the cost of the starting a new business in that industry skyrockets. Eventually it becomes impossible to start a new company in that industry. That clearly happened for trains and automobiles, microprocessors, and certainly now for Internet companies.
This is a pat re-statement of a tired cliche:
"They all spawned brand new ecosystems that created entirely new opportunities for entrepreneurs to create wealth."
There will probably be economic growth in the future. I mentioned one obvious industry that is still forming: genetic engineering. That doesn't change the fact that the gold rush has come to an end for Internet startups.
Here you are changing the subject:
"The train even unified some nation states that didn't exist."
I come back to my original diagnosis: Your comment sounds like pure denial. You don't want to face a painful truth, so you create a rationalization.
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> In Asia its like 1998 I can't speak such a broad generalization, but I noticed a learning curve/ trajectory of how people perceive opportunity online and the ideas they get excited about. It seems to depend when someone truly dove into internet and used it for everyday needs. I only have anecdotal evidence to this, but I really think that most follow are following the same trajectory/learning curve about opportunit…
I registered a domain last week directly from the registrar for $200 a year, which Is a lot for me. I know it is probably at least worth $1000 right now so I could get what I paid out of it at least. The point I am trying to make is that things adopt their real value, domains for an analogy are like real estate. SF/SV/NYC/LON are very desirable areas and it takes a long time to build out that infrastructure. It is a…
Based on the sale price from last week, it's worth about $200 right now.
He said: "Today’s tech behemoths aren’t the lumbering giants of yesteryear. They are leaner and meaner and more competitive precisely because they have co-opted the same technologies startups used to attack them." But this is far from true with the huge entrenched healthcare tech companies. Many of them haven't even begun to employ the newer software technologies. I'm down the street from the largest medical center i…
The current SV business model is "hoover up personal information people don't completely realize they're providing you, then use it to sell them marginally-more-effective ads." That works for "social" websites and taxi companies that aren't taxi companies, but I doubt it will fly for health care.
The gold rush is over because everyone who wants a PC has a PC. -2005ish
The hardware hasn't really gotten significantly better in the last 10 years to get people on the upgrade treadmill again. Phones are on that curve now, but eventually they are going to top out too, and your iPhone 10 won't be that significant an upgrade from your iPhone 9.
For me, 10 years ago I had to use a desktop to achieve much of anything. These days I have the power of my desktop except it weighs 2.65 pounds, wireless transfer speeds up to 1300 Mbit/s, has a 13.3in 3200x1800 touch screen, 256GB drive I can read and write much faster than my 3ware RAID0 setup I had back then. Its the size of an actual notebook and runs all day long without getting plugged into anything. Not to mention it only cost me $750 bucks compared to at least twice that for my old desktops.
For me, it feels like things have improved fairly significantly.
Stop working on your social network. Stop trying to simultaneously pick the lowest hanging fruit while going after the biggest pile of cash.
Go after problems that matter, rather than gizmos that might get a lot of users, or "eyeballs".
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Unless they decline the offer, like Facebook did and Google did and almost every current big company did at some point. If you are wildly successful there WILL be that option in front of you at some point.
Who offered to acquire google?
Earlier quoted context omitted.
The train, the automobile, and the microprocessor were all harbingers of exponentially increasing wealth and opportunity. Each technology lowered the cost of starting and running businesses, as well as giant ancillary businesses and markets. The microprocessor preceded the gold rush we're eulogizing here. They all spawned brand new ecosystems that created entirely new opportunities for entrepreneurs to create wealth.…
It's possible that you did not understand the original article. Or perhaps you did not read it. When you write: "Each technology lowered the cost of starting and running businesses" No, not in those industries. When an industry consolidates, the cost of the starting a new business in that industry skyrockets. Eventually it becomes impossible to start a new company in that industry. That clearly happened for trains an…
I didn't say cost was lowered in the "train" industry. Cost was lowered in the milk industry. Because after the train people didn't have to keep cows in urban areas to have fresh milk.
Your diagnosis is wrong. I've spent the last year focused on internet connected hardware, immersing myself in all the amazingly powerful new tools that just got cheap and open source.
The things I've made, the possibilities, the wonder of designing something on a screen and having it manifest itself in the world, so you can hold it and it comes alive right in front of you. The next evolution of internet techology is going to be so much better than CRUD apps ever were.
Adopt a broader view of internet startups friend and you will see the internet is just the communication/coordination channel for our cybernetic future.
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The hardware hasn't really gotten significantly better in the last 10 years to get people on the upgrade treadmill again. Phones are on that curve now, but eventually they are going to top out too, and your iPhone 10 won't be that significant an upgrade from your iPhone 9.
I guess it depends how you measure getting better. If you're just looking at Mhz then maybe I can understand. For me, 10 years ago I had to use a desktop to achieve much of anything. These days I have the power of my desktop except it weighs 2.65 pounds, wireless transfer speeds up to 1300 Mbit/s, has a 13.3in 3200x1800 touch screen, 256GB drive I can read and write much faster than my 3ware RAID0 setup I had back th…
For instance, my parents are happy as clams using a G4 Macbook and a second-hand HP Pavilion laptop