At Singularity University we have a slide which shows you the ever-increasing rate of (technological) change.
In 1903 the Wright brother’s completed the first powered flight near Kitty Hawk, North Carolina. Only 66 years later, on March 2nd, 1969, the Concorde brought supersonic flight to the masses (at least for the ones who could afford it).
When you index all the technological change which has happened between the beginning of the last century and 1970, and compare it to later periods you will find that:
- The same amount of change which has happened in the 70 years from 1900 to 1970 has happened in the 30 years from 1970 to 2000.
- The same amount of change has happened in the ten years from 2000 to 2010.
- And the same amount of change has happened in the 4 years from 2010 to 2014.
Technological change is on an exponential acceleration curve.
And here’s why this is important for you:
If you build your company on today’s technology you’re pretty much outdated the moment you hit the market. You need to explore the future, anticipate trends and build for the time to come.
Godspeed fellow entrepreneurs! Onward and upward.