So you want to become the next big Tech Billionaire.
Money,com

So you want to become the next big Tech Billionaire.

How does does one become the next tech billionaire? By becoming a modern day monopoly person. Modern day monopolist yield an incredible power they are equivalent to Kings and Queens and everything one fantasizes about being a rich entrepreneur.

Your first instinct would be to model the old robber barons of the past, such as Rockefeller and Carnegie. There, you would start a linear business where resources go in and products come out. From there, you buy the entire supply chain for that product. The problem with this traditional route is that it is outdated. Today's monopolist are very much different. Instead of buying more factories, it is all about acquiring users. A LOT more users! Zuckerberg and Bezos may get their fair share of criticisms but they are some of the greatest entrepreneurs of their time.

We can collectively create monopolies ourselves. We need a business model that doesn't rely on patented scientific discovery. We need Platforms.

Visual image of the platform effect

Platforms are the one thing that all these new age monopolists have in common. Networks of users are the one thing that will allow us to monopolise. Controlling the network is the safest, most sustainable and most profitable way to go. The platform entrepreneurs are the secret behind today's all powerful monopolists.

All a platform is, is a network where producers and consumers can meet and exchange value. Building one and getting it off the ground s much harder than a traditional linear business where resources go in and goods come out. The first step in our monopolistic journey is picking the right market.

Core Transaction in Platforms

Step 1. The most important question you have to answer in our quest for our monopoly platform is what is the Core Transaction? If the platform is the modern day factory, the core transaction is the assembly line. Step 2. in our assembly line is a user connecting with another to spark that exchange. Step 3. is simple - once consumers find the right match, they consume the producer's inventory. Step 4. Consumers give value back to the producer in exchange for what they consumed. It is important to get each step as efficient as possible.

Now, we start audience building. As the network gets bigger, it is going to get harder to connect the right consumers with the right producers. We have to offer tools and services. Platforms are one of the hardest business to build today because you run into the chicken and egg problem. We need to make sure our platform is healthy with audience building, matchmaking, rules and standards, tools and services.

There, you have it, a very easy way to become the next big tech billionaire. If you want something more difficult like becoming the next tech trillionaire...that's going to take a little more initiative.

No alt text provided for this image

Just as the groundwork was laid by the internet to allow people to build the age of information off of, we need to lay the groundwork, the platform for entrepreneurs to build in Space.The one who control the means of connection in space, they are the ones that will probably become trillionaires.

要查看或添加评论,请登录

??Jovi O.的更多文章

社区洞察

其他会员也浏览了