We were talking about some of the interesting developments in the startup world. I couldn’t help but think, yet again, how lucky we are as entrepreneurs to be doing what we’re doing now. Right now. I don’t think there’s been a more exciting time in the technology industry for at least ten years. Further, when you factor in the dramatic lowering of the barriers to starting up a company in many very large markets, indeed often creating new very large markets, it is possibly the best time ever for an entrepreneurs and their emerging young startups.
I am not an expert in such things so I don’t know that this necessarily translate into more startups succeeding, as a percentage success/fail rate, than at other times. But I do think it’s a time of tremendous opportunity.
The most powerful driver of this is the intersection of two major platform trends:
- the iPhone/Appstore model, which unleashed huge pent up demand by finally breaking the carrier bottle neck over getting apps out into the wild
- the social networking platforms (primarily Facebook but more broadly the whole raft of business built on the top of social graphs and the monetization thereof) which enable distribution at a scale and pace never seen before
I think the convergence of two such dramatic trends is unparalleled and we’ll continue to see rapid innovation spinning off countless new services and market niches.
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