Championships are Taken, Not Given.
What is the tipping point for true disruption? When does an old sloth multi-billion dollar enterprise get taken out by a new technology?
At Boost VC we work on solving these questions, and believe in backing the most disruptive technologies out there.
If a company is doing something truly innovative, the world, the incumbents, the competition, someone will come after the company and fight. There are too many people with too much incentive for the system not to change. I always think of the Ghandhi quote:
“First they ignore you, then they laugh at you, then they fight you, then you win.” — Mahatma Gandhi
- The Taxi union is fighting Lyft and Uber in every local government.
- AirBNB is in a legal battle with the city of San Francisco amongst city governments dictating how people are allowed to use their own homes, because they aren’t getting the hotel tax benefit.
- Tesla has been hit by different states based on not conforming to the dealership model, because the union isn’t getting their cut.
- Theranos is being challenged for innovating in the blood work space.
I guess when the old world and new world clash, there tends to be a battle of wills. Technology always wins.
So what’s next? Which industries will fight for the old world, while the new comes to conquer?
The schools are about to fight for their supper, they have been selling the salvation of a better career for too long, Virtual Reality is going to be the technology to do it. All the information of the world is already at our finger tips with the internet, now we can consume more experiences with Virtual Reality.
Fintech is in the heat of disruption. The banks are partnering with startups and Blockchain companies because they want to be the disruptor, not the disrupted. I include Venture Capital in this category.
I think that the Government is about to have a reckoning. Software is about to eat the government.