Tech Bubble Heads

Seen at Longtail http://longtail.typepad.com/the_long_tail/ Venture capitalist David Hornik does a great job in summarizing... The basic idea is that incredible advances in technology have driven the cost of things like transistors, storage, bandwidth, to zero. And when the elements that make up a business are sufficiently abundant as to approach free, companies appropriately should view their businesses differently than when resources were scarce (the Economy of Scarcity). They should use those resources with abandon, without concern for waste. That is the overriding attitude of the Economy of Abundance -- don't do one thing, do it all; don't sell one piece of content, sell it all; don't store one piece of data, store it all. The Economy of Abundance is about doing everything and throwing away the stuff that doesn't work. In the Economy of Abundance you can have it all . All I can say is Hallelujah! Away with all that eco-friendly, recycle nonsense; just exploit the world and let the chips fall where they may ! Possible Irrational Exuberance Ahead. addendum: There is the problem of hazardous elements in e-waste. It will become a huge problem, like everything becomes when you have the above attitude towards the world. If you incorporate the husbandry of taking care of the stuff you are throwing away - recycling, for example- you are no longer within the joyous abandon of the Economy of Abundance. You are in the Economy of Good Stewardship. link to e-waste article: http://news.bbc.co.uk/2/hi/technology/6187358.stm