Blog

29
Jun

How Amazon Changed the World (a Second Time)

Mark Suster has had one of the best insights into the changing landscape of the venture capital industry I’ve ever seen: Amazon’s technology platforms made it really cheap to build a tech company, and that changes everything:

I still think it was Amazon that created this category not the other way around. Where open-source computing gave us a 90% reduction in our software, Amazon gave us a 90% reduction in our total operating costs. Amazon allowed 22-year-old tech developers to launch companies without even raising capital. Amazon sped up the pace of innovation because in addition to not having to raise capital to start I also didn’t need to wait for hosting to be set up, servers to arrive, software to be provisioned.

About Scott
Scott Gosnell is the Founder and CEO of Windcastle Venture Consulting