We are going to at risk of absent out on some of the most profound opportunities made available from the technology wave that has just started. influencers in financial technology
Yet many are unaware to the signs and are at risk to watching this become an amount of noisy turmoil rather than the full-blown insurrection needed to launch us into a green economy. What we should require is not a new spinning wheel, but fabrics woven with nanofibers that generate solar electric power. To make that happen, we desire a radically reformulated way of understanding marketplaces, technology, financing, and the role of government in accelerating change. But will we understand the opportunities before they disappear?
Discovering the Sixth Revolution for What It Is
Were seven years into the beginning of what industry analysts at BofA Merrill Lynch Global Research call the Sixth Revolution. A stand by Carlotta Perez, which was presented during a recent BofA Merrill Lynch Global Research luncheon published by Robert Preston and Steven Milunovich, outlines the revolutions that are sudden in their own time that lead to the one through which we find ourselves.
1771: Mechanization and improved water rims
1829: Development of steam for industry and railways
1875: Cheap steel, availability of electricity, and the use of city gas
1908: Inexpensive oil, mass-produced inner combustion engine vehicles, and universal electricity
1971: Enlargement of information and tele-communications
2003: Cleantech and biotech
The Vantage of Hindsight
Looking back at the year of 1971, we know that Intel’s introduction of the processor marked the beginning of a new era. In that year, this intended little to people viewing Mary Tyler Moore and The Partridge Family, or listening to Tony Orlando, florida & Dawn and Janis Joplin. People would keep in mind humanity’s first ways on the Moon, opening relationships between US and Cina, perhaps the successful finalization of a persons Genome Task to 99. 99% accuracy and reliability, and possibly the delivery of Prometea, the first horse cloned by German scientists.
According to Benjamin Weinberg, Partner, Element Associates, “Every day, we see American companies with guaranteeing technologies that are powerless to deploy goods because of a lack of debt financing. By filling up this gap, the authorities will ignite the mass deployment of ground breaking technology, allowing technologies which range from professional waste heat to pole-mounted solar PV to show their economics and gain credibility in the personal debt markets. ”
Flying underneath our collective radar was the first floppy hard drive drive by IBM, the world’s first e-mail sent out by Ray Tomlinson, the launch of the first laser printer by Photocopied PARC and the Cream Soda Computer by Expenses Fernandez and Steve Wozniak (who would found the Apple Computer company with Steve Jobs a few years later).
Times haven’t changed that much. Is actually 2011 and many of us face the same detachment with the events taking place around us. We are at the equivalent of 1986, a year on the cusp of the individual computer and the Net fundamentally changing our world. 1986 was also the year that marked the beginning of a major financial shift into new markets. Investment capital (VC) experienced its most substantial finance-raising season, with approximately $750 million, and the NASDAQ was established to help create a market for people companies.