A Quote by Steve Jurvetson
Because of the rate of technology change, forecast horizons are shrinking.
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We who work in technology have nurtured an especially rare gift: the opportunity to effect change at an unprecedented scale and rate. Technology, community, and capitalism combine to make Silicon Valley the potential epicenter of vast positive change.
People who forecast simply because "that's my job," knowing pretty well that their forecast is ineffectual, are not what I would call ethical. What they do is no different from repeating lies simply because "it's my job."
Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries work with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change.
If the rate of change on the outside exceeds the rate of change on the inside, the end is near.
In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.
Confidence in a forecast rises with the amount of information that goes into it. But the accuracy of the forecast stays the same.
It's good to be aware that a certain amount of fear is going to accompany every change in your life - a change for the worse or a change for the better. Knowing this can stop you from moving into fear about Change Itself. If you start fearing change generically you could wind up shrinking from ever making any kind of change at all for the rest of your day - even a change that obviously should be made for your own good.
The rate of technological and human physiological change in the 20th century has been remarkable. Beyond that, a synergy between the improved technology and physiology is more than the simple addition of the two.
With the emergence of civilization, the rate of change shifted from hundreds of thousands of years to millennia. With the emergence of science as a way of knowing the universe, the rate of change shifted to centuries.
If you go to a second-rate place, and you are first-rate, it is very difficult to do first-rate work because you do not get that critical feedback you need for first-rate work on a daily basis.
People fear change, Change is not knowing what’s going to happen. People sometimes mistake change as a negative. I look at change as exciting, look at it as an opportunity to make your life better. Fear builds mountains, Faith removes them. It’s time for you to conquer new horizons. Today is going to be a GREAT day for a change!
But there's still so much you can do with technology to improve the customer experience. And that's the sense in which I believe it's still Day One, and that it's early in the day. If anything, the rate of change is accelerating.
Technology business increasingly becomes difficult to predict because technology itself is accelerating in change, and human nature and markets are more stagnant and static. But the dynamic engine of technological innovation continues unabated.
It turns out it takes 30 years for a new idea to seep into the culture. Technology does not drive change. It is our collective response to the options and opportunities presented by technology that drives change.
As technology continues to increase our possibilities, what we're seeing is a shrinking of the lag time between what we dream about and what we create.
The business changes. The technology changes. The team changes. The team members change. The problem isn't change, per se, because change is going to happen; the problem, rather, is the inability to cope with change when it comes.
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