What’s the next big thing?
July 27, 2010
Back in the early 1990′s there was this new job creation tool called the “Internet”, tons of venture capital went into every cockmainy idea that some fraudster cooked up and people were employed. It helped bring us out of the early 1990′s recession. In the 2000′s everyone and his brother started flipping houses, contractors sprung up out of the woodwork to help create the second bubble, housing. This was primarily due to the first bubble as investors needed a place to dump their money from the .com bubble.
So what’s the next big thing?
Well before we march into that, let’s see what defines the next new thing. It has to be something that no one can control overnight. No one was able to control the internet in the 1990′s… no one could build all the houses in the 2000′s… so by definition it has to be fairly open. It also has to have the potential to employ many people as there can be many startups that won’t have too many barriers to entry.
Well now we have an idea what it must be, we have to rule what it cannot.
1. It can’t be something capital intensive (that would limit the number of entries to the pot)
2. It can’t be something that exists already. (or else it would have been done already)
So what is it? What’s the next big thing?
I’m not suggesting that every economic boom is pure tulip mania but what I am suggesting is that you need some sort of spark to start the ball rolling.
What people don’t understand is that though the 1990′s internet was a boom to crash, it didn’t entirely crash as currently you are reading this post online… with a decent chance from the home you bought during the 2000′s boom.
In other words these boom to crashes don’t really go away, as things developed during those times are still in use today. But we do need another boom.
What could someone invent that would be helpful to society, could not be dominated by a few players, and has the potential to have serious job creation?
List your thoughts below.
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