Benedict Evans on How Tech Will Change the World | BoF VOICES
The Business of Fashion Podcast
The Business of Fashion
4.6 • 770 Ratings
🗓️ 6 May 2019
⏱️ 29 minutes
🧾️ Download transcript
Summary
Speaking at BoF’s VOICES, the Silicon Valley venture capitalist sketched out a vision for how software and the internet would transform the world’s economy, giving rise to new business opportunities.
To watch Benedict's talk at VOICES 2018 click here.
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Transcript
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| 0:00.0 | Hi, this is Imran Ahmed, founder and CEO of the Business of Fashion. |
| 0:06.8 | Every week, more than 100,000 people, including many of us on the BOF team, read Benedict's newsletter, |
| 0:14.3 | a wonderfully wonky take on all the goings on in the world of technology. |
| 0:18.5 | The newsletter is penned by Benedict Evans, a partner at Top Silicon Valley |
| 0:22.6 | venture capital firm, and Dresen Horowitz. I had the pleasure of meeting Benedict recently, |
| 0:27.8 | and he accepted my invitation to join us at Voices 2018 to share his very unique lens on all things |
| 0:35.5 | technology. But hold on to your hats and listen carefully. |
| 0:39.4 | Benedict speaks at about 100 miles a minute and covers some of the most powerful technologies coming |
| 0:44.9 | out of Silicon Valley all in the space of 20 minutes. Here's Benedict Evans at Voices 2018 on the end |
| 0:53.7 | of the beginning. |
| 0:57.5 | I thought it'd be kind of a useful place to start with this chart, which is really the |
| 1:03.9 | chart that defines the tech industry for the last 20 years, the growth of the internet, |
| 1:08.3 | and then the gross of smart things. And the thing about this chart is |
| 1:11.3 | it's now getting really boring because we've almost finished. Over three quarters of people are now |
| 1:15.9 | online and pretty much three quarters of all the adults are now to have a smartphone and all of the |
| 1:20.9 | rest are going to have one as well. But that part of the story is running to a close as another part |
| 1:26.5 | of the story that's still really only just getting started. |
| 1:28.7 | So while the internet and smartphones are now almost done, e-commerce is still at a low level |
| 1:33.9 | of penetration. |
| 1:35.0 | And as we look at the next 20 years, there's a couple of building blocks to think about. |
| 1:38.8 | Most people are online. |
| 1:39.8 | Most of the money is not. |
... |
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