3 ms·

I would love to see if there is a correlation between the quantity of startups VS new major innovation waves. Yes, there are less new startups today but if you

I would love to see if there is a correlation between the quantity of startups VS new major innovation waves. Yes, there are less new startups today but if you come to think of it, we don't have a major innovation at the moment that's easy to jump into. Look at the late 90s, we had the INTERNET, anyone could make a website with frontpage or a little html tag understanding. Then in the late 2000s we had the MOBILE PHONES... I have an idea for an app! (everyone did!) At the moment, we have AI/ML but my opinion is that it's not ripe for an average person to start an ML company. Another major upcoming branch is blockchain but it's also not mature enough for this major innovation to trickle down a leaf tree of startups. What do you think? Oh, almost forgot to mention AR/VR! Not there yet!!

HillaryBriss 8y ago
i also wonder about the funding mechanism and landscape. could it be that the VC firms have come to dominate and guide the funding process in such a way that starting a firm is a lot less attractive now?
- umeshunni 8y ago
  Well, for one, they have ensured that joining a startup is financially less attractive than working at a large company/FANG.
scient 8y ago
Blockchain as "major upcoming"? Like after all these startups have not managed to produce any substantial success stories and there are no real validations of a technological fit besides crypto-currency? Where IBM is desperate as hell in selling their blockchain crap to corporations and isnt really seeing success? Yeah, don't think the blockchain revolution you are waiting for is happening any time soon, if ever. ML and AI are sadly also more of a buzzword right now outside of a couple or large players, but at least its applicable in different areas.
rpedela 8y ago
To me, blockchain is equivalent to PageRank in terms of impact. An amazing algorithm with extremely limited use cases. Maybe one company can create significant value like Google did with PageRank, but that is probably it.

HillaryBriss 8y ago

i also wonder about the funding mechanism and landscape. could it be that the VC firms have come to dominate and guide the funding process in such a way that starting a firm is a lot less attractive now?

umeshunni 8y ago
Well, for one, they have ensured that joining a startup is financially less attractive than working at a large company/FANG.

scient 8y ago

Blockchain as "major upcoming"? Like after all these startups have not managed to produce any substantial success stories and there are no real validations of a technological fit besides crypto-currency? Where IBM is desperate as hell in selling their blockchain crap to corporations and isnt really seeing success? Yeah, don't think the blockchain revolution you are waiting for is happening any time soon, if ever. ML and AI are sadly also more of a buzzword right now outside of a couple or large players, but at least its applicable in different areas.

rpedela 8y ago

To me, blockchain is equivalent to PageRank in terms of impact. An amazing algorithm with extremely limited use cases. Maybe one company can create significant value like Google did with PageRank, but that is probably it.