Instead of designing slightly better versions of old products – not better enough to displace incumbents – or fixing inefficiencies with software, entrepreneurs are designing radically better vertically integrated systems from the ground up with cutting edge hardware and software.

They’re mixing and matching whatever tools are needed to get the job... See more

Analogizing the current era in tech with the recent, software-dominated era is a mistake.

A much better analogy would be the Second Industrial Revolution in America, the Gilded Age when entrepreneurs built businesses using every new technological tool at their disposal to pull humanity to a new level of prosperity and became unbelievably rich in th... See more