On: How People Get Rich Now

[analog31]

>>> Indeed, we should expect both the number and wealth of founders to grow, because every decade it gets easier to start a startup.

In my view, this isn't guaranteed. I don't think there's any inherent reason why the "tech" industry can't consolidate itself into a few huge "gatekeeper" companies, and make it harder to start startups that are actually successful.

At any moment, we could be at the beginning of an era, or at the end of one.

[insert_coin → analog31]

For the same reason old "tech" (GE, IBM, HP, etc.) didn't prevent the rise of new tech giants: Blindness.

They tried, tho, it just didn't work out because they were blinded by past success and the innovator's dilemma.