The last decade or so has been paradise for entrepreneurs mainly because as the world shifted more online and on mobile devises there was so much low hanging fruit up for grabs.
Times are now changing. This is not to say that there’s no longer opportunities. There will always be. But now they are shifting to much harder problems to solve.
Much like any new revolution. When industrialization happened, anyone with a conveyor belt a-la Henry Ford’s could churn half-decent products out the door that would sell. Not for very long but they’d sell.
Today to compete in manufacturing you need state of the art equipment, R&D and people. And you probably need to be in China to compete on price.
The same is happening in technology I believe. The name of the game for the past two decades was getting content and inventory online and creating tools to make it discoverable. Starting with the browser, then directories like Yahoo and Craigslist, then search engines like Google, then social networks like Facebook and now Instagram.continue reading »