Technology Revolutions

Every fifty years or so a new technological wave combines with ecosystems of innovation and financing to transform the world economy.

• Redefined the means of production
• Explosion of new businesses
• Mass extinction of previously-thriving businesses
• Production becomes cheap
• Entrepreneurs and innovators leverage the new techonological systems to disrupt and displace incumbants

Two distinct periods within each cycle.

1. Installation Period - explosion of startups
2. Deployment Period - technological diffusion

Between these two periods is the Turning Point. This is when businesses either master the new means of production or decline and become relics of the last age.