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Tech Maturity and What Lies Ahead
"Econ 102" with Noah Smith and Erik Torenberg
The Internet Matures, Quality Displaces Quantity
The internet has reached maturity, indicating a shift where new companies will emerge, but in smaller numbers and primarily through the disruption of existing solutions. Disruptive innovation will focus on improving quality rather than creating entirely new categories. For instance, Lululemon improved upon traditional pants rather than inventing them, showcasing how slightly better alternatives can replace older products. While the internet may be saturated, sectors like AI and deep tech might still thrive due to distinct financial dynamics and demand structures, differentiating them from traditional internet business models.
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