Summary: The tech industry is mainly focused on big IT companies and venture capital-funded startups because they offer the potential for huge financial returns. As the internet has mostly been built out, it may become harder to find similar opportunities for massive profits in new tech ventures. This shift raises questions about the future growth and investment potential in the tech sector.
think the boom in tech returns was about the building out of the internet. And now that the internet has been pretty much built out, I think it’s not clear if any other effort — AI, deeptech, etc. — can offer the same kind of huge rewards for small commitments of capital. (View Highlight)
