Mentions
"Carlota Perez is one of the most important economists today. Her pioneering work on techno-economic paradigm shifts is a must read for anyone interested in understanding the relationship between technological innovation and the economy. In today’s current hype around AI the insights held within this book will become increasingly important."
When people in tech want to sound smart, one name you can drop is Carlota Perez. Her book Technological Revolutions and Financial Capital is a rare accomplishment: it’s a top-down “grand theory” book about the innovation economy, written by an academic rather than an on-the-ground practitioner, that actually gets things right. Read it alongside Bill Janeway’s Doing Capitalism in the Innovation Economy, the number one book that’s most influenced my own thinking.
Brad got this book from someone, not sure who, and when he finished it, he said "you have to read this." I did and it became the basis for much of our investment thesis. We concluded that the period of building and investing in the infrastructure of the Internet revolution had passed and it was time to invest in the application layer. But much more than that important and simple insight, this book gave us a framework to think about what the Internet was doing to markets, society, and business. We still refer to it frequently. And I think it is still very relevant to the environment we are operating in right now because the Internet is the mother of all technological revolutions and it is important to understand exactly what that means.
