Investing In The Cultural Revolution

In a talk with Erick Schonfeld at Disrupt a couple weeks ago, we talked about what is coming next for the Internet. Erick asked me what I thought was coming after the infrastructure and application phases of the Internet. I talked about Carlotta Perez' work and suggested that if past technological revolutions are any guide, that we are in for cultural revolution next.

A scan of Techmeme this morning suggests that it there are certainly signs of it out there:

Techmeme #1
Techmeme #2
Techmeme #3
Techmeme #4

The Internet is not controlled by anyone or anything. It is a highly distributed global network that has at its core the concepts of free speech and individual liberty. This ethos, which includes but is not limited to hacker culture, is in many ways at odds with big companies, instiutions, and governments which seek to control, regulate, and "civilize" the Internet.

In the middle east, we've seen the power of the Internet in the Arab Spring. I believe we are in for a lot more of that sort of thing and that it will not be limited to repressive governments, but to all large institutions that seek to control people and their free will. This is the cultural revolution that I referred to in my talk with Erick at Disrupt.

I think investors should be aware of what is coming and seek to invest in it where it is investable. I'm curious what the AVC community thinks of this investment thesis and where we should be looking for opportunities that fit into this thesis.

#VC & Technology