When we look around and see the absolute domination of companies like Amazon, Apple, Google and Facebook, it’s easy to assume that the technology boom is over, and that these companies took all the profits.
But a16z’s Benedict Evans has a different take: he argues that tech is only just getting started.
He calls it “the end of the beginning”… the “beginning” being connecting every person on earth to the internet.
In the next phase, we have a new set of decentralised building blocks – such as machine learning and the blockchain – to power a new wave of tech innovations that could target the trillions dollars worth of market share still not captured by the tech industry.
Health care, housing, finance, retail and more… not to mention politics or social welfare.
Watch his presentation from the annual a16z tech conference, which he originally posted on his blog here.