The physical world is rapidly transforming into a digital environment through the integration of sensors and technologies like predictive sensors and software. Companies like NVIDIA and Tesla are patenting technologies for detecting game cheating in e-sports and ensuring proper seatbelt usage, respectively. This shift towards a digital future is evident in the increasing presence of digital elements even in non-self-driving cars, which are essentially becoming moving computers. This transformation presents opportunities for hacking and leveraging programmable objects to sense and detect various things, akin to an advanced Internet of Things era. Companies across industries, from Boeing to public companies, are investing in such technologies to enhance safety and performance. By monitoring patent filings, investors can gain insights into companies' future strategies before these are reflected in shareholder reports, providing a glimpse into potential growth areas. Additionally, tools like earnings call trackers offer valuable insights by highlighting emerging themes in corporate discourse, such as supply chain issues or ESG (Environmental, Social, and Governance) concerns, allowing for trend analysis and strategic decision-making.
The internet has a treasure trove of information that you can use to generate business ideas, spot trends, and understand what the future will look like before everyone else. But to benefit from the internet's wealth of knowledge, you need to learn how to use it in the right ways.
In this episode, Cal and Steph discuss four unconventional ways that you can use the internet to find good ideas for businesses and products that people actually want.
You’ll learn how to:
- Use Twitter searches to discover products that people want
- Tap into a rich reservoir of unsolved problems with Wikipedia
- Leverage a sci-fi technology database to dream up the future
- Leverage patents to see what companies are investing in
Resources Mentioned
This episode is not affiliated with Steph's work at a16z and is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. For more details please see a16z.com/disclosures.