This document discusses trends in technology and business. It notes that every day in America 1,100 new businesses are formed while 1,300 fail. It profiles many successful entrepreneurs who faced early failures and rejections, including Thomas Edison, FedEx founder Fred Smith, Starbucks founder Howard Schultz, and Facebook founder Mark Zuckerburg. It shows graphs of high growth stocks like Apple, Netflix, and Priceline from 2005-2015. It discusses the power of compound growth and examples like buying Manhattan for $24 in 1626. It also profiles declines in the cost of computing, storage, and genome sequencing driven by trends like Moore's Law and Swanson's Effect.
96. Cost to Map Genome in
2015: $100
Source: NIH, 23andMe, GSV Asset Management
97. $0
$20
$40
$60
$80
1977 1983 1989 1995 2001 2007 2013
Moore’s Law in Solar - Swanson’s Law
Costs decline has enabled solar to reach grid parity
Source: Bloomberg New Energy Finance
175. Megatrends
EvaluationOwnership
4Ps
DCF, P/S
Datapoints + Milestones
Growth Drives Enterprise Value
Themes
Ranking of Companies
Underwriting Investment
Confirmation, On Track
Megawinners
Industry
Ten Commandments
Company
Valuation
Short Term
Long Term
Identifying and Investing in the Stars of Tomorrow