In early June I started thinking seriously that it’s time to begin mapping out an investment strategy that goes beyond the immediate digital entertainment world of music, movies and games. Attending the e-G8 meeting in Paris made it clear that governments and societies were being reshaped by the “8th continent” of the internet and the changes have only just begun.
The impacts on growth, jobs, innovation and wealth creation have been noted – along with some fears that intellectual property, government controls and a certain diversity in our cultural wealth might go by the wayside.
We put our notes together and published a summary of the e-G8 meeting over at Seeking Alpha. Fred Wilson also did a post on “Investing in the Cultural Revolution” that is another sign that it’s time to start thinking. (UPDATE: just a couple weeks later Fred did another worthwhile post on this topic. See Science & Art.)
I often get asked “what’s the next big thing in technology that nobody is thinking about yet?” It does seem like cloud computing, mobile internet and social networking companies are well discovered at this point. I still say that “RealVR” which we have been covering for over two years is just getting into the first inning. But going beyond that this intersection of technology on art, experience, emotion and society is just beginning. What will “paintings” be like in 20 years? How will be they be made and experienced? Probably much differently than they are today. The next successful hackers may be digital impressionists.
It’s a topic worth working on. Do it before everyone else does.
- Union Square Ventures Leads $3 Million Round in Moot’s Startup, Canvas (betabeat.com)
- Investing In The Cultural Revolution (avc.com)
- Cultural Revolution Dinner Theater: weirdest dinner in Beijing (boingboing.net)