Friday, April 20, 2007

Jeff Bezos on the next web innovation



The dot-com boom-and-bust is often compared to the 1849 Gold Rush, and Amazon.com founder Jeff Bezos offers historical evidence showing how similar they were: from the riches made by pioneers to the media hype that attracted luckless speculators.
But a better analogy can be found in the early days of the electric industry, he says. In the late 1800s, the U.S. was first wired to support lightbulbs; the following century saw a long procession of new appliances, life-changing advances, and of course some amusing failures.
His conclusion in 2003: "I believe there’s more innovation ahead of us than behind us."

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1 Comments:

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