Exited founder | Great British Entrepreneur Awards Investor of the Year 2023 | Angel investor | Business Insider Seed50 winner ‘22 | Sifted - Most active Angel in Europe '21-23 | UKBAA Angel Investor of the Year
I am a firm believer in entrepreneurship and that Creative Destruction is a force for good. This graph from Bridgewater really drives home the pace of change, but also that one day, that Microsoft, Nvidia, and Apple (and the other 7) will too be #disrupted. In fact, according to this chart, we are pretty much near the peak (and I suppose that #AI will only continue to accelerate the pace of change). #startups #nvidia #microsodt #apple Outrun Ventures
Kingsley Maunder
1mo
Very interesting. There is so much more awareness nowadays around disruption, it makes me wonder if the current cohort is better able to handle it? The huge amount Microsoft is investing in AI and Cloud infrastructure is one example of this. I guess time will tell.
Insightful comparison. If the symmetry in time holds, the disruption of the current top 10 could be pretty brutal.
What an interesting chart. It gives perspective
Daniel Nyambe
1mo
With the way things are going, no one is safe from disruption.
Michel K.
1mo
Interesting view
Brice C. Harris
1mo
Nice one, Chris - thanks for sharing!
Great perspective!
Co-Founder and COO @ Cledara
1moGreat chart Chris. One thing I've been thinking about is just how much publicly traded cloud companies are underperforming relative to broader the broader tech sector. Here is the First Trust Cloud Computing ETF $SKYY expressed relative to the broad Technology Select Sector SPDR ETF $XLK. After trading in a relatively tight range since $SKYY's inception in 2012, it broke down in November 2021 and hasn't looked back. Since then, it keeps making lower lows relative to $XLK. Similar story for Bessemer's EMCLOUD index. Rates seems like the easy answer. Maybe the dominance of the Mag7 is also part of it. Maybe both. Either way a trend that was running for 9 years changed quite significantly back at the end of 2021 and isn't showing signs of coming back yet.