![]() ![]() The year-over-year revenue growth during its first few years of existence were 2,150 percent, 433 percent, and 219 percent, going from zero to $153 million in revenue in 2007. What’s more, rather than being concentrated narrowly in a personal computer industry that was essentially a niche market, today’s new technologies impact nearly every part of the economy, creating many new opportunities.įor example, Facebook began as a classic blitzscaling story. Today, multiple major waves seem to be arriving simultaneously-technologies like the cloud, AI, AR/VR, not to mention more esoteric projects like supersonic planes and hyperloops. ![]() Before, individual waves would sweep through the economy one at a time-technologies like personal computers, disk drives, and CD-ROMs. Not only is the world moving faster, but the speed at which major new technology platforms are being created is reducing the downtime between the arrivals of each wave of innovation. To use a computing metaphor, technology is accelerating the world’s “clock speed” (the rate at which Central Processing Units operate), making change occur faster than previously thought possible. ![]() The spread of software and computing into every industry, along with the dense networks that connect us all, means that the lessons of blitzscaling are becoming more relevant and easier to implement, even in mature or low-tech industries. ![]()
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