Comment by JBAnderson5

I mostly agree with your assessment of the industry. However, I think there are still more new and useful products to be built. They are not “the next big thing” though. Big tech Management has been screwing this up in a couple of ways though.

1. prioritizing bets for things that could be as profitable as social media or e-commerce instead of betting on more incremental improvement products.

2. Focusing on pricing everything with reoccurring revenue and thus increasing the lifetime cost for end users instead of selling products at a discrete costs and providing end users value

3. Optimizing for growth and controlling the vision of products instead of letting small groups of talented people slowly build products.

4. Treating people as fungible resources and moving them around all the time rather than letting people develop unique expertise skillsets.

As a result, any product that can’t achieve $10+ billion annual revenue within a couple of years with a ship of Theseus team is deemed a failure and scrapped.