I sure wish we had more "technology companies" making great new leaps in software, operating systems, hardware, etc. Unfortunately there aren't many examples of such companies becoming billion dollar businesses, compared to the variety of other industries that fit under the "e-commerce" umbrella. Why try to invent and sell great new software or hardware, when there are much easier opportunities in other industries, which are typically slow to adopt technology.
It's ridiculous to classify Yet Another Social Network as a startup that focuses on the "technology of online interaction".
Before, tech-enabled startups would have to build big tech chops in order to scale the business (i.e. amazon, tech enabled them to skip building storefronts and focus on innovating logistics), now the scaling problem has gotten much easier.
* I don't want to fall into the trap of Bill Gates saying "640K is more memory than anyone will ever need."
It's just that we have a hard time imagining why we would ever need such a powerful CPU which is why you are saying this. Why would someone in 2005 ever imagine we need such a powerful computer in our pocket in 2013? What possible uses could we have for it?
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