Unprecedented Startup Losses and Small Markets for New Technologies: Why?
Details
Today's Unicorn Startups have incurred unprecedented losses, far higher than in previous generations. In this presentation, independent consultant Jeffrey Funk documents these losses and the associated falling share prices and small market capitalizations. He speculates on the reasons for these problems, such as a lack of breakthrough technologies. He reviews the small markets for new technologies and the fact that previous decades gave us bigger markets for new technologies such as personal computers (end of 1980s), e-commerce, enterprise software, mobile phones (end of 1990s), smart phones, cloud computing, and Internet advertising (end of 2000s).
Finally, he speculates on the reasons why these breakthrough technologies have not yet emerged. These reasons include changes in the way basic and applied research is carried out. In turn, these considerations have important implications for the future of innovation.
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This event will be hosted on Zoom. To register, visit https://us02web.zoom.us/webinar/register/WN_LDpllCgvQdKrjHujQW4BvQ
The Zoom registration fee (UKP £2.50) helps cover London Futurists running costs. (The Zoom registration page opens a PayPal interface, but there is NO requirement for attendees to use a PayPal account.)
The webinar can also be viewed, without charge, on the London Futurists YouTube channel, but without the option to participate in the live Q&A.
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Jeffrey Funk is a consultant in the economics of technology and associated business models. Jeffrey is based in Singapore, where he taught at the National University of Singapore (NUS). Previously he taught in Japan at the Kobe University and the University of Hitosubashi.
Jeffrey's career has focused on how new technologies emerge and diffuse. During the late 1990s he was one of the first to recognize the potential for smart phones in Japan. He was recommending to mobile service providers that they should focus on apps long before the iPhone was released in 2007.
After he moved to NUS, he taught a unique course on the economics of new technologies that can be found on his SlideShare account Funk98. The course and the supporting research present a methodology that could have helped entrepreneurs and investors avoid many of the loss-making businesses that currently comprise today’s startup bubble. He continues to use this thinking to analyze startups and technologies.
Jeffrey is currently completing a book entitled "The Superficial Entrepreneur: Falling science, Declining tech, Rising hype and Misleading Narratives."
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The webinar will start broadcasting at 1pm UK time on Sat 24th Sept. To find this time in other timezones, use https://www.timeanddate.com/worldclock/converter.html?iso=20220924T120000&p1=136
Please log into Zoom up to 10 minutes ahead of the start time of the event, so you won't miss the start of the live broadcast.
As the discussion proceeds, attendees will be welcome to raise questions and vote to prioritise questions raised by others.
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Note that there are two separate London Futurists webinars happening on the same day: this one at 1pm BST, and another one at 4pm BST. The two webinars have separate registrations and logins.
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To register for this event, visit https://us02web.zoom.us/webinar/register/WN_LDpllCgvQdKrjHujQW4BvQ