I have invested in technology companies for almost three decades now and if there is one thing that I used to take for granted it is that no industry changes as fast as the technology industry. Just think of internet search engines. When I was a student, the search engines of choice were Altavista and Lycos. Later came Yahoo and then Google. And since then? Nothing. Google rules the world of internet search. Similarly, in social networking, there were many competitors around (Geocities anyone?) before Facebook came along. Today, Facebook and Instagram (owned by Facebook) rule that space.
How Facebook and Google create a kill zone
How Facebook and Google create a kill zone
How Facebook and Google create a kill zone
I have invested in technology companies for almost three decades now and if there is one thing that I used to take for granted it is that no industry changes as fast as the technology industry. Just think of internet search engines. When I was a student, the search engines of choice were Altavista and Lycos. Later came Yahoo and then Google. And since then? Nothing. Google rules the world of internet search. Similarly, in social networking, there were many competitors around (Geocities anyone?) before Facebook came along. Today, Facebook and Instagram (owned by Facebook) rule that space.