The growth of the Internet will slow drastically, as the flaw in "Metcalfe's law”–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.
A misguided prediction. If you are going to be wrong, go big and say it with confidence.
The growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law'–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.
A communication highway without content is inconceivable.
We think of the Techstars product as not really the accelerator but the network. That's what entrepreneurs should be valuing here. I think it's the most undervalued thing that many entrepreneurs don't get.
The Internet works thanks to loose but trusted connections among its many constituent parts, with easy entry and exit for new Internet service providers or new forms of expanding access.
My personal experience has been that in my 25 years of writing, I have not been asked to do more than four or five commercial one-shot scripts. These were performed on major national hook-ups but produced for me no immediate additional jobs or requests. One script for BBC was done around the world with an all-star cast.
When we have any function, whether it's language or vision or cognitive functions like memory, we aren't dealing with a straight line to the brain that says 'This is what I do.' The brain builds a network of connections, a network of neurons that have a particular role in that function.
What being among the 'right people' entails is the possession of human capital, rather than organizational capital: an individual reputation, portable skills, and network connections. Career responsibility is squarely in the hands of individuals, a function of their knowledge and networks. Transferable knowledge is more important to a career than firm-specific knowledge.