I had an interesting and filling week for the second week of July 2017. It started out with a luncheon where a tech company had revamped their hardcore products. The second event consisted of IoT (Internet of Things) and what VC’s (Venture Capital) had to say about the emerging market. The second day and third set of events is a combination of sorts, solar and semiconductors. The third day had to events: Google Cloud and S&P Dow Jones, yes, very different industries!
In the tech industry, it’s the most competitive of all the other industries as a whole. Why? Developers and start-up founders have all worked with one another in some form or another in the early days of their careers. All-of their ideas about how to fix certain problems clash throughout months and even years, causing various persons to part ways and start their own projects or another company overall. Since the early 2000’s, tech companies have been suing one another by means of using an “old” law concept of: copyright infringement and failure to abide an NDA (Non-Disclosure Agreement). The tech start-ups are obviously new, having been created in the past decade give or take, and yet, most of the men and women operating them have not read up on the “old” business laws created in their country, causing legal actions against them!
When I did my research on some of the VC companies on several workshop panels of that week, the newer firms have been sued within the past few years over greed from one of the parties but have managed to profit from their investments in a VERY short period of time whereas the older companies took a couple of years to several decades. Business practices are changing and what the younger CEO’s and founders have been accused of is sexual harassment, being underpaid, and stealing funds from the company bank account and putting into their personal one. Older companies have had the same type accusations but with social media, the complaints are automatically on every news outlet where as a half century ago, it would be in the newspaper a week later. Being an investor isn’t just about investing smart, it’s about having excellent when engaging with employees, colleagues, customers, and clients.
Tech needs investors and VC’s need something to put their money into to bring in recurring income. Some VC’s don’t think that there will be a recession in the US or even the rest of the world, while others DO suspect there will be by the end of 2017 into 2018. The reason behind the fear of investors is that they see the business market crash since MOST people will be out of work due to machines doing more work that used to be for five to ten persons to operate per item. Most persons around the globe don’t already have proper skill sets and don’t have the proper education to back them up on top of it all.
No matter where people live in the USA or in the world, politics are hindering what people can be employed to do by continuing to limit their businesses and resources. For example, most countries in the world have created other ways to generate electric power by using hydro, solar, and wind turbines. In the USA, some of the equipment and parts that go into making any of the supplies is still declared illegal and unsafe according to building laws that were written at least a century ago! Europe and Asia have been active in creating more forms of alternative and clean energy that they are able to be sustainable during extreme weather changes and have sufficient food supplies. Is there any reason why a known first world country can’t adjust and compete with the countries that have a lower GDP?
What people to do with their own money, can vary person to person and their influences. We can’t control what people do to invest or splurge with their hard-working earnings. In first world countries, the average person spends their money on little things rather than what’s important regarding their needs over temporary wants. Just as with investments, most persons will invest in old ideas since they see them as a more long-term fix rather than on newer options that are taking over the economy anywhere you go in the world.
Many companies that have been in business for well over a hundred years, are going bankrupt if they haven’t already gone under! Many companies that have been around for as short as five to ten years have profited into the billions and trillions. For anyone who wants to invest their time and money into something that will be trending indefinitely, they will have to put their interest into the medical and technical fields since all other industries are no longer around due to poor sales and lots of losses. Emerging tech is helping not just the average person, but also for the medical industry to help cure or even detect diagnosis’s that people are born with.
New money needs to stay with other new money types of companies and organizations. They need to invest into their own even though many companies are a competition rather than as a client or some kind of customer or user. We can’t depend the old companies that can’t stay afloat in the new age where technology is taking over industries that used to take actual physical labor. Machines are making our homes, food, vehicles we drive, and our clothing. Sure, it does take human brain power to make sure these machines are up and running properly, but where are the jobs? They don’t exist due to the creation of more machines.
We need to update many things in our professional life. That includes our investments, living situation, and colleagues. Who we surround ourselves does influence what we do when making serious life decisions that we didn’t know was possible aside from where we lived and whom we’d settled down with or have children. So, for today, make a list of what our monetary successes are. If the number is low, then we need to make changes to keep up with the world around us where we desire to or not. The world isn’t going to wait for us, we just need to catch up!