I stumbled across a pretty cool US centric venture capital blog VentureHacks.
I recommend checking out this post “The Entrepreneurial Age”.
Physics, information, hardware, software, marketing, press, business development, recruiting, training and every damn thing a business needs to do is quickly becoming available as a service. And innovations by one company are quickly made available to its competitors by other entrepreneurs.
It is no longer effective to rely on any type of differentiation—organizations must focus on delivering the best product in the world to as many people as possible. All other activities just help them on their way.
It is an interesting perspective. A lot of money is being left on the table by New Zealand firms that don’t have websites or think that the government should impose costs on everyone else to prop up poorly thought through business models.