Innovation, industries and internet

Elon Musk had one piece of advice for entrepreneurs:

“I’d advise that people consider arenas outside the Internet.”

There’s a lot of opportunity in other industries, especially ones that have been dominated by a monopoly or oligarchy.

“Innovation comes from new entrants. When an industry has had an absence of new entrants, then it has a lack of innovation,” and that opens up opportunities for new players to come in and shake things up.

The Internet, by contrast, is already very well-saturated with startups, to the point where “innovation” starts to mean tiny, incremental things like animated GIFs and photos that self-destruct after viewing.

(Source: VentureBeat )

Elon Musk is the co-founder of PayPal, SpaceX and Tesla Motors. He dreams big in industries such as aeronautical or automotive where innovation is more expensive and difficult (he started in internet with Zip2 and PayPal).

The current investments goes mainly to internet startups and this slow down the development of other indispensable industries needed to our future. I think we will pay this pricey sooner or later.