Thanks Joseph. Good question and one we’ve thought a lot about here at NextView. We try to keep an eye both on the potential computing platform shifts that could be core part of the near to intermediate term future, as well as what we call the digital transformation of the “Everyday Economy”.
AI, VR/AR, and even further out quantum computing and such, have the potential to fundamentally reshape how people interact with software. History has taught us that when big platform shifts occur in computing, there are many new opportunities that open for innovative startups and often this is when disruption happens to once dominant incumbents. So as an early-stage VC, regardless of whether you choose to pursue investments in these areas today one must still keep abreast of their development given the broader market impact they may have if/when widespread commercial adoption happens.
That said, if you look at what the ubiquitous computing foundation which has been created in the first ~20 years of the internet (along with virtualization, smartphones, etc) we’re at a point today here in 2017 where there are huge opportunities to use this foundation to transform nearly aspect of people’s everyday lives. If you think about some of the most valuable companies which have been built in the last 5–7 years, like Uber or AirBnB, they aren’t compute platform shifts. Rather they’re using pretty well established internet/mobile software to transform the taxi and hotel industries respectively.
So I think you have to be aware of next-gen compute platforms, and some early-stage investors may choose to pursue heavy investment in these areas today. But in the next 10–15 years I think there’s massive opportunities to use established internet-connected software to change countless industries.