We are now in the Innovators Economy
and why this really matters
Creator — Tangible products that can be sold for a profit.
Innovator — Creation of new ideas and processes that can be sold for a profit
Innovators Economy
We are now in the innovator's economy. The creator's economy was based on the creation of tangible products that could be sold for a profit. The innovator's economy is based on the creation of new ideas and processes that can be sold for a profit. The key difference is that the innovator's economy is based on intellectual property, while the creator's economy was based on physical property. This shift has been driven by the rise of the internet and the globalization of the world economy. The internet has made it possible for anyone with a good idea to reach a global audience with ease. This has made it easier for startups and small businesses to get started and to scale up quickly. The globalization of the world economy has made it easier for businesses to access new markets and to find new customers. The result is that we are now in an economy that is based on innovation and not on the creation of physical products.
Within The Internet Economy
There is how, however, one more important point beyond this. Even within technology and the internet, there are now two different economies — the platform economy and the app economy. The platform economy is based on the creation of platforms that can be used by others to create their own products and services. The app economy is based on the creation of individual apps that are designed to be used on a specific platform. The key difference is that the platform economy is based on the creation of an ecosystem, while the app economy is based on the creation of individual products.
The Platform Economy
The platform economy is the one that we are moving towards. The app economy is based on the creation of individual products that are designed to be used on a specific platform. The key difference is that the platform economy is based on the creation of an ecosystem, while the app economy is based on the creation of individual products.
The platform economy is the one that we are moving towards. The reason is simple — it is more efficient. An ecosystem can support a larger number of products and services than a single product. In addition, an ecosystem can provide a better experience for users because it can offer a wider range of options and a more seamless experience.
The move towards the platform economy is inevitable. It is being driven by the same forces that are driving the shift from the creator's economy.
Closed vs. Open Ecosystem
Within the platform economy, there are two different models — the closed ecosystem and the open ecosystem. The closed ecosystem is one in which a single company controls the platform and the products that are built on it. The open ecosystem is one in which anyone can build on the platform.
The closed ecosystem is the one that we are moving away from. The open ecosystem is the one that we are moving towards. The reason is simple — it is more efficient. An ecosystem can support a larger number of products and services than a single product. In addition, an ecosystem can provide a better experience for users because it can offer a wider range of options and a more seamless experience.
The move towards the open ecosystem is inevitable. It is being driven by the same forces that are driving the shift from the creator's economy.
Between A Rock And A Hard Place
Cost Of Living Has Increased
The cost of living has increased. Therefore, passive investing isn’t as easy as it used to be. I would argue, that becoming a part of the innovator's industry would be easier for most people nowadays to produce wealth.
Tech Incumbents Still Exist
Incumbent tech companies such as Microsoft, Google, Apple, Twitter, Facebook, Instagram, etc. have maintained their foothold in their respective industries. Many of us assumed that would not be the case and that other companies would come along. However, they are still around and taking the majority market share of their respective industries such as Cloud, Office Suite Products, Search, and Hardware.
We are therefore between a rock and a hard place
The cost of living(rent, food, college etc.) has increased. In addition, we find many of the larger industries have already been thought of and monetized. The only way our generation can produce wealth in a low-risk fashion similar to prior generations is via enabling the Innovators Economy. Producing new innovative ideas, in AI, Blockchain, Software Products, processes, and Space. In addition, allowing more people than current to access the innovator's economy and give them the funding/tools they need to succeed.
What we need to do to Enable the Innovators Economy
We need to allow business building and idea creation to be of a group effort. Right now, with any new company being built there are about 4 founders max. We need to up that number to 100 founding members. The best route towards achieving this goal? That would be via legislation that would in the same way patents protect intellectual property, this legislation would protect commitments and common values.
This is an idea I am actively pursuing and I hope you will join me in this journey towards producing wealth for the next generation via the Innovators economy.
