Who was the last under 30 Billionaire?
This is a really good foundational question for this topic. I would like you to ask yourself, who was the last billionaire under 30 to come about in the past couple of years?
The only one I can really think about is Sam Bankman Fried, which was Crypto related.
Why is that?
Vitalik, the creator of Ethereum has a really good response:
Some other really good responses as well:
Lets Keep the Answer Simple - Eye of the Storm
We are currently in the eye of the storm. The following technologies have yet to fully emerge:
- Artificial Intelligence
- Space
- Metaverse
- Virtual Reality
- Blockchain/Web3
We are therefore in the eye of the storm.
Why knowing this is Incredibly Important
Investors used to look for easy to execute companies in the Web2 space. Instead, what we should be looking for is more calculated better thought out companies that take years to build. Those actually while very difficult to create, in this more mature landscape of Web2, it will be the most profitable of the bunch.