Analyse Asia with Bernard Leong

The New Gatekeepers & Evolution of AI & Web3 with Benedict Evans

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May 21, 2023
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INSIGHT

Tech Moves In Long Waves And Short Flashes

  • The tech industry moves in long foundational waves (mainframes, web, smartphones) and many short idea flashes that rise and fade.
  • AI's second wave bubbled quietly for years before suddenly becoming obviously powerful in months.
ANECDOTE

TED Demo Foreshadowed But Wasn't The iPhone

  • Benedict recalls a 2006 TED demo of a multi-touch display that excited the audience but wasn't the iPhone.
  • The story illustrates how early demos can feel revolutionary long before real products arrive.
ADVICE

Choose Strengths, Fields And Curiosity

  • Know your strengths, pick industries where change creates opportunity, and stay curious about new things.
  • Be optimistic like a VC while still saying no to most ideas because most will fail.
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