“The trend that I get very excited about is just the continued, inexorable, trend toward capital efficiency enabled by abundance. So when storage approaches zero, when processing power approaches zero… when everybody is on the Internet, when everybody has broadband… you get into this mode where you can run all kinds of experiments in all walks of life. And when you think about some of the big problems we have, everything from clean water, to power for developing countries, all of the big things.. when you think about the opportunity for low burn experimentation to have an impact on all of those things, it could cause you to be pretty optimistic.”
Ron Conway, one of the most prolific Angels on the planet (check out this network).
I get a lot of great information and insight from the Stanford Technology Ventures Entrepreneurial Thought Leaders podcast. It’s an endless supply of behind-the-scenes information from entrepreneurs in the heart of the tech world.
Angel Investing Revealed, that I just finished listening to, is one of the better episodes. It provides a true insiders view of how deals come together in Silicon Valley.
I wanted to share this quote because it reinforces the fact that, in the Infopreneur world, we have the ultimate in low-burn experimentation. In the rest of the entrepreneurial world, being able (or willing) to test an idea in the market very early in the product development cycle, is a new concept. The Infopreneur business model has always been one of the most capital efficient business models in history.
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