Emergic: Rajesh Jain's Blog

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Why this Internet Thing is just Starting

March 4th, 2005 · No Comments

Seth Godin identifies 10 reasons:

1. Penetration. There are 50 times as many people using the Net as there were then. 50x is a multiple you don’t see every day.

2. Bandwidth. It’s easy to forget how horrible modem surfing was. The prevalence of high bandwidth connectivity means that surfing is far more natural, more frequent and that the experience is better as well.

3. Tools. You can launch most any online service with almost no custom programming.

4. Servers. When google can offer a gig of storage for free, it’s proof that server space is essentially free.

5. Wifi. The next generation of wifi will be faster, but more important, have a vastly improved range.

6. Multimedia. The web is still stuck in ASCII world, but not for long. Add a few million video cameras, fifty million cell phone cameras, every song ever recorded, every TV show and movie ever made and the contents of most any scholarly book and it gets interesting fast.

7. Grandmothers. It is no longer necessary to explain to the average American (of any generation) what this “Internet thing” is. Google has made the world safe for entrepreneurs. Don’t underestimate how important this is.

8. Teenagers. The Yahoo generation is now getting driver’s licenses!! These are kids who have grown up without encyclopedias or videocassettes or lps. These are kids who have completely and permanently integrated the Net into their lives and are about to go to work and to college.

9. VC. Fred Wilson has more than a hundred million dollars to invest in great Net companies. So do a dozen or more other (less talented) venture capitalists.

10. The death of TV. You know what killed the first crop of stupid $100 million Internet consumer service startups? Advertising. They all believed that they need to spend millions to build a brand. Today, we’ve got proof–every single (no exceptions!) Internet success is a success because of Unleashing the ideavirus. It’s not TV ads. It’s word of mouse.

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