My Third World Advantage

Image via CrunchBaseThere are five broad categories in tech: web tech, clean tech, bio tech, nano tech, fin tech. Each of those five categories are broad. Each has sub categories, and sub sub categories.

There is no next Google in web tech, there is no next Facebook in web tech. Google is the next Google. Facebook is the next Facebook. But the Googles and Facebooks of clean tech, bio tech and nano tech are still out there. They are still small. If you can locate them and put some money into them, you are going to end up uber rich. But it is not easy to locate them, not easy at all. Even the Google of today was not easy to locate when it was small. Yahoo could have had the Google search engine for a few tens of millions, but they passed up on the offer.

Who Hired You?

Image via WikipediaSam Walton is an inspiration of mine. I find Walmart, Dell and the dollar pizza places fascinating. I admire those who can keep the costs down.

Sam Walton had plastic chairs at his Arkansas headquarters. And this was after Walmart had gone public, and Sam Walton was a billionaire already. His logic was obvious. If we buy expensive chairs, the costs get passed on to the customers. It made perfect sense to buy plastic chairs. When he traveled for business, he made a point to stay in cheap motels.

I read his autobiography a long time ago. It is a slim book, a great read.