Even Greater Innovations and Inventions Still to Come
For anyone who thinks the greatest innovations are behind us and questions how much is still left to “invent,” we say thank you for leaving the wealth opportunity from future innovations in the hands of those of us who can still dream and think big. Humankind’s ever-increasing expectations and aspirations will inevitably motivate continued innovation. Add to that the needs resulting from natural resource constraints, climate change, and other environmental concerns, which we believe will drive even more innovation than we can imagine.
Here is a list of a dozen categories we believe will be huge opportunity areas for future innovation and new wealth creation, and we’re betting there will be even more:
- Advanced materials
- Artificial intelligence
- Big data and predictive analytics
- Biological computers
- The conquest of aging
- The genome
- The Internet of Things and of Everything
- Virtual reality
. . . As we mentioned earlier, the accessibility of venture capital investment opportunities is becoming democratized. Today there are roughly a half million individual venture capital investors in the United States alone, and that number should expand dramatically in the coming years.
. . . Entrepreneurs will be helped further by advances in software and Internet technology already behind us, which have brought down the costs of initial startup requirements.
Len Batterson is the co-author of:
Building Wealth through Venture Capital: A Practical Guide for Investors and the Entrepreneurs They Fund