Leaping Into the 6th Technology Revolution

Yet many ignore the signs and risks that this is becoming a time of intense turmoil. Rather than the full-blown insurrection necessary to get us into a green economy. What we need is not a new spinning wheel, but a fabric woven from nanofibers that generates solar energy. To do this, we need a radically formulated understanding of markets, technology, finance and the role of the state in accelerating change.

The first IBM floppy disk drive, the world’s first email from Ray Tomlinson. The life time news introduction of the first laser printer from Xerox PARC.The Cream Soda computers from Bill Fernandez and Steve Wozniak (who were supposed to invent the Apple computer) all flew under our collective radar. . Company with Steve Jobs a few years later).

Times haven’t changed much. It is 2011 and many of us are experiencing the same separation from the events around us. The year is 1986, the year of the heyday of the personal computer and the Internet. Which fundamentally changed our world. 1986 was also the year that marked the beginning of a major financial shift into new markets. Venture capital (VC) is having its biggest fundraising season in history at roughly $ 750 million, and NASDAQ was created to create a market for these companies.

This is the job of Kleiner Perkins Caulfield & Beyers (KPCB), a company that transforms . Technology know-how into the most successful IT venture capital company in Silicon Valley. The IT model seeks a large percentage of success to make up for the losses. An investment like $ 8 million in Cerein, which was sold to Cisco Systems for $ 6.9 billion, can replace many good ideas that have failed are.

Change financial model

But the VC model that works well for information and telecommunications does not work in the new revolution. Not only is the amount of funding for the clean tech revolution greater than ever.But analysts are struggling to see the future as the game begins.

Steven Milanovich, who hosted the Boa Merrill Lynch Global Research lunch.Noted that every has an innovation phase that can last 25 years followed by a 25 year implementation phase. Most of the money is made in the first 20 years, so real players want to get in early. But the question is: where to, for how much and with whom?

Scepticism and market uncertainty about the sustainability of the. clean energy transition remain. Milankovitch believes. That many institutional investors do not believe in global warming and adopt a wait-and-see attitude complicated by the government’s standstill on energy security legislation.

The motives of those interested in these markets range from concerns .About the oil shortage to dominance in the race for the “new Sputnik”. Strengthening internal security and – for some – concerns about the effects of climate change. Many look suspiciously at those who see we are in the midst of a profound shift in the way we produce and use energy. For all these reasons, Milankovitch is “cautious in the short term, optimistic in the long term”.

 

 

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