4.6 • 29.8K Ratings
🗓️ 18 March 2022
⏱️ 20 minutes
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0:00.0 | This is Planet Money from NPR. |
0:03.1 | We are in the middle of an industrial revolution, the third industrial revolution. |
0:11.9 | Industrial revolution, number one, steam. |
0:14.6 | Number two, electricity. |
0:16.2 | Number three, the one we are living through, this very moment, computers and the internet. |
0:21.5 | This is not a secret. |
0:22.5 | In fact, we think about it, talk about it all the time. |
0:25.2 | One, Facebook, blah, blah, blah, blah, blah, blah. |
0:28.4 | But there are aspects of this third industrial revolution that we don't talk about that much |
0:32.9 | and that are really interesting and important and big. |
0:35.5 | One of those, the third industrial revolution has made it easier than ever to start a business. |
0:41.3 | Sure, it used to be that to start a business, you needed connections, capital, brick and |
0:47.3 | mortar space. |
0:48.3 | You sometimes needed millions of dollars. |
0:51.4 | But today, if you want to start a company, you got a laptop, you got an internet connection, |
0:55.1 | you're like 90% of the way there. |
0:57.4 | And a lot of that 90%, a lot of that reason that it's so easy to start a small company today |
1:04.1 | is because of a few giant companies. |
1:06.9 | Giant companies that have made it very easy to do a lot of the core things you have to do |
1:10.8 | to start a company. |
1:11.8 | You know, things like finding customers and getting paid. |
1:15.4 | However, if you are one of those small companies building on the backs of giant companies, |
... |
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