Joe Kraus makes a point today that I have been irritating people with repeatedly in recent speeches: It has become radically less expensive to be an entrepreneur. His factors underlying the change mirror my own, and they are:
1) Hardware is 100X cheaper
2) Infrastructure software is free
3) Access to Global Labor Markets
4) Search engine marketing changes everything
These are soooo important. Granted, you still need good ideas — and maybe even better ideas if the financial barriers to entrepreneurship have fallen — but people still haven’t wrapped their head around how much less expensive it is to start a Web 2.0 company than it was to start a Web 1.0 outfit.
Related posts:
There is a huge disconnect between those that know and those that don’t know.
Many people still rely on television to provide them with news, entertainment and knowledge.
Wow – rely on television for knowledge!? But that’s the state of play right now – no matter how great the penetration figures of broadband many people are still sat in front of a television and not interacting. At work they are not allowed to surf or go anywhere outside the ‘green zone’ (see http://www.winningbysharing.net) so most people are mis-,disinformed or just plain ignorant. We are relying on teenagers to drive new ideas as opposed to mature adults with some basic life experiences under the belt.
Proof of this is the success of reality TV, and of recent the television shows on real-estate development and entrepreneurship such as the UK’s ‘Dragon’s Den’ which is totally awful sensationalist crap.
There are entrepeneur initiatives as well that exist such as NFTE and SIFT but righ now entrepreneurship could well be going south in favour of http://www.sustainopreneurship.biz which is all together a much more important debate IMHO considering issues like Climate and ‘The Long Emergency’.
It’s a Great Time to be an Entrepreneur . . .
says Bnoopy, because “it’s never been cheaper to be one.” Specifics follow. Infectious Greed adds: Granted, you still need good ideas — and maybe even better ideas if the financial barriers to entrepreneurship have fallen — but people still haven’t…
I agree completely Paul. It’s knowledge capital that’s the key, first mover with the right people is more important in Internet 2.0 (not web 2.0!) than durng Internet 1.0.