This is an experiment, we’ll see how it goes. I’ve had trouble setting aside the time to write longer posts lately, but want to share what I’ve been reading and thinking about this past week. We’ll try this out and if it works, great.
1.) Asteroid Mining. I don’t even think I need to really expand on this, obviously it is a crazy super-villainesque idea that any space-loving nerd should be into. The idea of establishing fuel and resource depots in space has been kicking around my head (and many others) for a long time, and according to some, its not even as tricky as what we are already doing with deep sea mining. Love it!
2.) Brisketlab! A secret “underground meat guild” being set up by Daniel Delaney, street food expert and creator of the VendrTV web video series. He went to Texas, bought a 14′ smoker and a truck load of wood, and brought it back to Brooklyn. Have not met him yet, but looking forward to the feasting this summer.
3.) Peter Thiel gave a lecture for his Stanford class on startups that was neatly typed up and shared by a student, Blake Masters. Thiel talks about the difference between capitalism and competition, namely that for a business to success the two are not necessarily linked together. If a market is too competitive, then you will be facing an impossible task, especially if you did not get in to it at the right time.
You can imagine a tech market where nothing is happening for a long time, things suddenly start to happen, and then it all stops. The tech frontier is temporal, not geographical. It’s when things are happening.
Consider the automotive industry. Trying to build a car company in the 19thcentury was a bad idea. It was too early. But it’s far too late to build a traditional car company today. Car companies—some 300 of them, a few of which are still around—were built in 20th century. The time to build a car company was the time when car technology was being created—not before, and not after.
We should ask ourselves whether the right time to enter a tech industry is early on, as conventional wisdom suggests. The best time to enter may be much later than that. It can’t be too late, since you still need room to do something. But you want to enter the field when you can make the last great development, after which the drawbridge goes up and you have permanent capture. You want to pick the right time, go long on tech, succeed, and then short tech.
I’ll be trying to keep up on Thiel’s lectures, very interesting stuff. Wonder where he thinks the 3D printing market is? I say now is the time to get in, and do it quickly.