Every week in my inbox, there is [...] Another fintech play for payments and credit cards and personal finance, [...] another cryptocurrency
Of course, there are a bunch of new horizons out there [...] Cryptocurrencies and finance.
It seems a lot can change two paragraphs on. Life moves pretty fast these days.
Edited to add: I reject the central thesis of this article, and pretty every one of the supporting arguments. Humans have required teamwork to achieve their goals from the very beginning. Invention has always required the synthesis of ideas from multiple domains. There’s nothing historically unusual about that. What is historically unusual are the diseconomies of scale in activities like software development. That’s provided many market opportunities for small teams in the past four decades, and it will continue to do so unless those economics change.
There are markets with high barriers to entry, and there always have been. Nobody was selling homebuilt aircraft carriers from their bedrooms in the 90s.
From our vantage point, we can’t tell if the seam of potential innovation and market configuration is anywhere close to being mined out in consumer tech, but my sense is that we are nowhere near the point where all startups need to be at the frontiers of all human knowledge of gtfo.
This is funny, but to give Danny the benefit of the doubt: he presumably means there are horizons out there in cryptocurrencies and finance that aren't approached by also-ran "fintech plays" or "another cryptocurrency"...
Of course, there are a bunch of new horizons out there [...] Cryptocurrencies and finance.
It seems a lot can change two paragraphs on. Life moves pretty fast these days.
Edited to add: I reject the central thesis of this article, and pretty every one of the supporting arguments. Humans have required teamwork to achieve their goals from the very beginning. Invention has always required the synthesis of ideas from multiple domains. There’s nothing historically unusual about that. What is historically unusual are the diseconomies of scale in activities like software development. That’s provided many market opportunities for small teams in the past four decades, and it will continue to do so unless those economics change.
There are markets with high barriers to entry, and there always have been. Nobody was selling homebuilt aircraft carriers from their bedrooms in the 90s.
From our vantage point, we can’t tell if the seam of potential innovation and market configuration is anywhere close to being mined out in consumer tech, but my sense is that we are nowhere near the point where all startups need to be at the frontiers of all human knowledge of gtfo.