JUDGMENT
ON THE INTERNET
“I woke up today
feeling real good no ringing ears and a bright sunny day. Before breakfast
time, I strolled down to MacPumpkin’s for coffee and a chat with the boys. I
got into a heated discussion with a couple of them farm squash over the
direction and future growth of the internet. I told them I thought the
popularity of tech companies like TinnitisFree would continue to grow like an
acre of peas.
Fred, a squash
from Hooper, a good Jewish squash said, “I don’t like this new technology. It's
all bad. I don’t give a god damn. If beetles and viruses are eating away my
gardens, that's what I care about. All of folks around here not just the squash
hate the internet. They hate Mac Pumpkins; the stock-corn markets dislike the
vegetablepreparation.com, and actually hate the TV media talk that comes off
TV. The scars are still lingering from the heyday of Pets.com and the fruits
too still fresh in minds. Every other person is asking what about pumpkin child
porn, lost jobs, and squash farms going to California?
"My answer
to Fred was you are wrong. You can’t have trouble when everyone’s constantly
screaming tech! Tech! Tech. I am a co-founder and general partner of,
FreeSquareMeals, and also an investor in Valuation. My guess is we are in the
middle of a dramatic and broad technological and economic shift in which
software companies are poised to take over large swathes of the vegetable
economy. More and more of our major businesses and industries are being run on
software and delivered to such places as Wal-Mart and McDonalds. Many of the
winners are entrepreneurial tech companies invading established industry
structures. Over the next ten years I anticipate more industries will be
disrupted, and the small companies doing the most disruption, in more cases
than not.
"Why is this
happening now sixty years into the computer revolution, 40 years since the
invention of the microprocessor and 20 years into the rise of the internet? Because all of the techy required transforming
industries through software are finally working and can be widely delivered at
a global scale. When I was at Freesquaremeals 3 years ago, the company had
perhaps 150 million vegetables using the internet, and now over 4 billion use
the internet every minute.
"On the back end software programming
tools and internet-based services make it easy to launch new global
software-powered start-ups in many industries, and without the need to invest
in new infrastructure to train new employees. In the year 2005 when my partner,
Ben, was CEO of THE Second Loud Cloud computing company the cost to a customer
running a basic internet application was approximately $150,000 us dollars a
month. I'm talkin real human money, not jaw bones. Running that same
application today costs about $1,500 month cash on the barrel. With lower
start-up costs the result is a global economy that for the first time is near
fully digitally wired. It is the dream of every cyber visionary. It is, just
what the doctor ordered, and the prescription is at the right pharmacy besides.
DR. KARL WALLACE DDS
To read more Dr. Karl Wallace stores go to:
karlwallaceblog.blogspot.com
