What happens when you tell an investor you can sell $2 bills to unsuspecting buyers for ten $1 bills and further that you can convince the buyers to sign a 10-year deal agreeing to these terms? That investor would be suitably impressed, of course, and would happily invest in your company at a high valuation. But then what would happen if you later went back to that investor and explained how these buyers you’d been selling to are gaining experience, talking to each other, and now are demanding to pay two dollars for that snazzy $2 bill?
Like a lot of people, I am fascinated by self-driving vehicles. The rapid advancement of the enabling technology is mind-blowing itself, but I think the implications for other industries is even more interesting.
It’s not personal — it’s demographic. College enrollments are going to seriously ebb within the next few years due to a complex set of circumstances that have more to do with demographic shifts than economic ones. That’s not to say, however, that economics are not at the root.