As far as the tech world is concerned, I think the next 10+ years will be great for hackers. Costs will keep going down and there will be more opportunities in the internet, more leverage for people who actually know how to build and execute.
Which could be bad for VC's, who are already throwing money at companies like color with the landscape fairly void of companies that need big VC scale investments.
I think that is a great thing, more companies creating more value for founders without having to give away to much equity to outside investment.
I agree. This economy also isn't getting any prettier anytime soon either... it's going to be tough for investors, and it's going to be esp tough for non-technical founders with just an idea, I think.
This is why I suspect Yuri Milner shrewdly linked up with Y Combinator early on, he saw this coming. Small, nimble teams of hackers will survive and win.
