This past Saturday, I was asked to coach and mentor a number of entrepreneur teams that were competing in a "Startup Weekend" event at Fairleigh Dickinson University. It was a great event with over 50 competitors and more than 20 teams.
See the recent article in the Star Ledger about the event.
It was a real glimpse into how hard it is to chart out a space that has not been taken. Many teams came up with interesting ideas but quickly found out that others had already monetized them. Even if they thought their variant was unique and had significant value ... getting the word out ... organizing around it ... and competing in a deflationary SAAS environment characterized by lots of 'free' services became a show stopper.
The study of exponential growth and its impact on society.
Showing posts with label Cost Management. Show all posts
Showing posts with label Cost Management. Show all posts
Monday, March 18, 2013
What's an Exponologist?
Quite simply, an Exponologist is someone who studies exponential growth and its impact on society.
What exactly does that mean?
With processing power doubling every 20 months or so, each 5 year period will experience an 8 fold increase. So, in 5 years one unit of processing power will grow to 8, in 10 years to 64 and in 15 years to 512. It is this exponential change which will drive changes in automation, robotics and nano technology ... all of which in turn impact work, prices and costs of virtually all products and services.
What exactly does that mean?
With processing power doubling every 20 months or so, each 5 year period will experience an 8 fold increase. So, in 5 years one unit of processing power will grow to 8, in 10 years to 64 and in 15 years to 512. It is this exponential change which will drive changes in automation, robotics and nano technology ... all of which in turn impact work, prices and costs of virtually all products and services.
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