The New New Economy: More Startups, Fewer Giants, Infinite Opportunity
As the Internet was taking shape in the late 1980s, an MIT professor named Tom Malone started thinking about how it could change the structure of industries. In a series of papers, he predicted that the big top-down companies of the 20th century would soon "decentralize and externalize" into industry ecosystems. "Imagine an AT&T that breaks up into not two or three different companies but two or three hundred thousand different companies."
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