Most people these days are lamenting about the death of innovation in the valley. It reminds me of when Arthur Rock said that innovation was dead right before the internet started taking off.
"He predicts few dramatic technological breakthroughs in the next several years, but expects that recent inventions will enable dozens of companies to push electronics into every aspect of life."
"He predicts few dramatic technological breakthroughs in the next several years, but expects that recent inventions will enable dozens of companies to push electronics into every aspect of life."
http://www.time.com/time/magazine/article/0,9171,949965-1,00...
Many people copy success so tons of "me-too" companies get started, but technology just like all industries are dominated by black swans.