McCullough: Market cleansings are necessary to eliminate incumbents and old models
Brian McCullough · a16z Podcast | How the Internet Happened · Jan 2, 2019 · at 42:33
Technology historian Brian McCullough discusses market lulls and why disruptive technological shifts require cyclic turnover of legacy companies.
0:00 / 0:09exact quote · 9.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“It's so beneficial to have a cleansing, a calling of the herd sometimes. To, Blow up the old models and blow up literally the old incumbents”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Brian McCullough
McCullough: Spotify-style music streaming could have existed as early as 1999
“You could have had a Spotify in 1999 or 2000 at the very least.”
McCullough: High developer complexity prevents VR from reaching mainstream consumer adoption
“The obvious analogy to think of today is like, VR is still, it's not only can you not get mainstream people to adopt it, but it's still relatively difficult, and you have to be super sophisticated to create decent VR experiences.”
McCullough: The technology industry is currently experiencing an innovation lull
“I actually think we're in a lull right now, if I'm being honest.”
McCullough: Tech founders retroactively invent the foresight they lacked in reality
“We'll always come behind 20 years later and say that we were geniuses and we saw it all along, but that's not the reality on the ground, so.”
McCullough: Dot-com failures like cloud storage were just executed too early
“When you go into the dot com era stuff in those chapters, you're seeing all the things like grocery delivery, like cloud computing, cloud storage, and things like that, that were always good ideas, but seemed like the most boneheaded wrong ideas at the time be…”