Re:San Francisco Spent a Decade Being Rich, Important, and H...
by nine_k on Sunday December 22, 2019 @01:55AM
(#21855692)
No, computers were not everywhere in, say, 1970s, so working with computers made you another kind of tech specialist, like working with, say, aircraft tech. Maybe cool, but your impact is limited; no way to make billions out of your job.
Now computers are literally everywhere, and literally always before people's eyes. Also, there's the internet that connects them across the globe. Now anyone with a good idea and good business execution can start a billion-dollar business from home or garage, and reach global audience with little technical effort.
On top of it, there are oodles of money looking for return, and high-risk, high-return investment looks better than no investment to many. This has radically changed the balance. As an engineer, you can build a very valuable, far-reaching company. Even if it's not turning profit yet, you have relatively much easier time to have millions invested in it.
Now computers are literally everywhere, and literally always before people's eyes. Also, there's the internet that connects them across the globe. Now anyone with a good idea and good business execution can start a billion-dollar business from home or garage, and reach global audience with little technical effort.
On top of it, there are oodles of money looking for return, and high-risk, high-return investment looks better than no investment to many. This has radically changed the balance. As an engineer, you can build a very valuable, far-reaching company. Even if it's not turning profit yet, you have relatively much easier time to have millions invested in it.