There is no conceivable future in which Internet-enabled firms are less numerous… where it becomes harder to make products people are willing to pay for… it gets harder to charge people money… the number of people connected to the Internet shrinks… the percentage of transactions consummated online decreases
These fundamental economic forces will continue bringing down the cost of starting new businesses and increasing the potential impact they have, even at very low levels of capitalization. We will see an explosion of them.