This sector certainly is promising however the lack of investment vehicles and legal structure (especially here in Europe) do not allow bullish moves at all unfortunately :/ Otherwise I do share your optimism toward said sector
I’d love to read a rebuttal from someone who’s sold a successful B2B startup because I get the feeling that everything just seems greener on the b2b side to Justin at this point considering his history.
I’ve started and sold multiple B2B startups (and started 1 B2C as well as observing or consulting for a few others), and I agree with Justin’s thesis and most of his points.
Other than for content, getting individuals to spend their own money - even for something they seem to and claim to value - is incredibly difficult. Other revenue sources run into the issues he lists.
More than 50% of the global population lives in Asia and less than 5% live in North America.
It makes complete sense that wealthy-to-middle class Asians would displace white students to a lesser degree and other communities of color to a higher degree in closely located Western countries with strong schools and favorable immigration policies.
By 2050, would it be so strange that the majority of applicants and students of elite western schools would be Asian?
Other communities will be forced to attend less prestigious institutions until Asian schools hold stronger apppeal with the wealthier citizens in their countries.
You gotta love the uncaring, cynical dev with more interest in his own pocket than the effects of automation and the well-being of his technical and non-technical co-workers. Apparently, he only believes that innovation is possible everywhere else besides unions and collective bargaining. Be positive my friend, I’m sure we’re capable of creating a new type of union in 2018.
> You gotta love the uncaring, cynical dev with more interest in his own pocket than the effects of automation and the well-being of his technical and non-technical co-workers.
As someone who eats, sleeps and breathes automation projects you (probably) won't find somebody more worried about the human costs of automation than me. 90% of our job as an internal development team is to reduce labor costs by automating various tasks, and while we continue to grow staffing because we have continued to grow our list of contracted facilities there will be a day (even if it's a decade or more away) that REDUCTION in workforce is a possibility - I fear that day, and I can only hope by that time our civilization is prepared for it.
> Be positive my friend, I’m sure we’re capable of creating a new type of union in 2018.
We've always been capable, unions people complain about are almost always a direct result of poor participation by members - if you want things to change make your voice heard and vote on union issues, it's no different from politics in that fashion.
