London Futurists's video: Unprecedented Startup Losses and Small Markets for New Technologies: Why

"Cogently raising attention to lots of data that many people might not want to look at, but we should look at it, because if we are naïve, we're never going to build the better world that many of us hope to see" - from this video's closing summary . Today's Unicorn Startups have incurred unprecedented losses, far higher than in previous generations. In this presentation, independent consultant Jeffrey Funk documents these losses and the associated falling share prices and small market capitalizations. He speculates on the reasons for these problems, such as a lack of breakthrough technologies. He reviews the small markets for new technologies and the fact that previous decades gave us bigger markets for new technologies such as personal computers (end of 1980s), e-commerce, enterprise software, mobile phones (end of 1990s), smart phones, cloud computing, and Internet advertising (end of 2000s). Finally, he speculates on the reasons why these breakthrough technologies have not yet emerged. These reasons include changes in the way basic and applied research is carried out. In turn, these considerations have important implications for the future of innovation. This presentation was recorded from the London Futurists webinar starting at 1pm on 24th September 2022. The meeting was introduced by David Wood, Chair of London Futurists. For more information about the meeting and the speaker, see https://www.meetup.com/london-futurists/events/288180308/