236. Technology startups, the new Gold Rush

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The title of this post may be over optimistic. Right now, the new gold rush may be cannabis decriminalisation. But still, that specific vertical’s current popularity is extremely opportunistic and not sufficiently durable to qualify as a trend. The real gold rush with legs is tech startup. We all marvel at the success stories of the new tech giants and their unprecedentedly fast growth, which is not that unprecedently fast, as you would see if you cared to look at the previous rise of railway companies, steel makers, car and supercomputer manufacturers. Still, a successful tech start-up is the path to huge wealth today. But are entrepreneurs who succeed in new tech driven by the promise of those riches, or are they motivated by the chance to change the World, impact lives, improve processes or fix malfunctions? As a tech entrepreneur, I have my answer, which, like many things in life, follows the 80/20 rule, impact 80, riches 20. But others may have others, to paraphrase Groucho Marx

Length: 998 

Location: Hereford, UK

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