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Monday, February 07, 2005

The Internet : It's Just The Beginning

Seth Godin writes,It's only been ten years and despite our memories of the crash of 2000, here are ten reasons why there's about to be a significant flourishing of Net companies and business successes,not to mention extremely other cool things:
1. Penetration: There are 50 times as many people using the Net as there were then. 50x is a multiple you don't see every day.
2. Bandwidth: It's easy to forget how horrible modem surfing was. The prevalence of high bandwidth connectivity means that surfing is far more natural, more frequent and that the experience is better as well.
3. Tools: You can launch most any online service with almost no custom programming. It also means that finding the world's greatest programmer is no longer a critical component for most services.
4. Servers: When google can offer a gig of storage for free, it's proof that server space is essentially free. You may recall that just ten years ago, a three gig hard drive cost $3000.
5. Wifi: The next generation of wifi will be faster, but more important, have a vastly improved range. Which means, for example, that all of downtown will offer free wifi. With ubiquity will come cheap machines that dramatically increase the number of surfers, and put those surfers most everywhere.
6. Multimedia: The web is still stuck in ASCII world, but not for long. Add a few million video cameras, fifty million cell phone cameras, every song ever recorded, every TV show and movie ever made and the contents of most any scholarly book and it gets interesting fast. The cosmic jukebox meets the realtime surveillance camera is going to happen.
7. Grandmothers: It is no longer necessary to explain to the average American (of any generation) what this "Internet thing" is. Google has made the world safe for entrepreneurs. Don't underestimate how important this is.
8. Teenagers: The Yahoo generation is now getting driver's licenses!! These are kids who have grown up without encyclopedias or videocassettes or lps. These are kids who have completely and permanently integrated the Net into their lives and are about to go to work and to college.
9. VC’s have a lot of money to invest in great Net companies. So do a dozen or more other (less talented) venture capitalists. Given that it takes far less money today than ever, this means the search for money is not the challenge.
10. The death of TV : You know what killed the first crop of stupid $100 million Internet consumer service startups? Advertising. They all believed that they need to spend millions to build a brand. It's not TV ads. It's word of mouse.

We had recently covered details of growth of the internet details of broadband penetration and the fact that this growth is truly global in nature as against just US centric definitely points to the internet and internet related industries and internet centric business models( can there be any business model at all that can be written now -which does not factor the internet?) getting more and more stronger.

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Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld
"All views expressed are my personal views are not related in any way to my employer"