SlideShare a Scribd company logo
1 of 53
Download to read offline
The Village Economy! 
! 
Terrence Rohan! 
@tmrohan! 
! 
! 
!
! 
! 
! 
Uncommon times:! 
! 
Post-war culture & economics! 
are ending.! 
! 
+! 
! 
3rd industrial revolution ! 
is beginning. ! 
! 
! 
!
! 
! 
! 
Post-war culture and economics ! 
are ending.! 
! 
! 
!
http://www.theatlanticcities.com/jobs-and-economy/2012/06/why-cities-are-growing-faster-suburbs/2420/! 
http://www.mckinsey.com/insights/urbanization/us_cities_in_the_global_economy! 
Living! 
For the first time in 100 
years, suburbs are dying, 
and cities are growing.! 
! 
! 
! 
Urban life, culture and businesses 
are thriving.! 
! 
Poised for global growth, cities 
already account for 80% of ! 
global GDP. ! 
!
Transport! 
Car culture is dying. ! 
! 
! 
For the first time in 50 years, we’ve 
seen a steady 2.5% decline in miles 
driven / yr over the past 8 years. ! 
! 
Public transport, biking, ride 
sharing are at the highest ridership 
in 60 years. ! 
!
Retail! 
How we shop is radically 
changing. ! 
! 
! 
Offline, malls are dying at 10% a 
year; and urban experiential! 
retail is booming.! 
! 
Online, e-commerce is already at 
4% of GDP of the G20 ! 
!
Money! 
Monetary systems are 
being re-written.! 
! 
! 
Like Naspter to music, digital 
currencies will upend! 
international systems. ! 
! 
Peer-to-peer provides real 
alternatives to lending and 
investing. ! 
! 
Cash is no longer king.! 
! 
!
http://www.nytimes.com/2013/11/10/jobs/embracing-the-millennials-mind-set-at-work.html?_r=0! 
http://www.forbes.com/sites/jeannemeister/2012/08/14/job-hopping-is-the-new-normal-for-millennials-three-ways-to- 
prevent-a-human-resource-nightmare/! 
Work! 
Work is viewed, valued 
and practiced differently. ! 
! 
! 
Meaning and a sense of purpose, 
not monetary upside, ! 
are the primary drivers for Gen Y 
in the workplace.! 
! 
There are 42m freelancers! 
in the US, up from 10m in 2005. ! 
! 
!
Ownership! 
Concept of ownership is 
being re-defined.! 
! 
! 
Driven by Gen Y sensibilities, the 
sharing economy already 
generates $5b+ a yr. ! 
! 
Home ownership is at 20 yr lows 
and renting is at all time highs. ! 
! 
! 
http://www.economist.com/news/leaders/21573104-internet-everything-hire-rise-sharing-economy!
Services! 
“Sacred” public institutions 
are being challenged.! 
! 
! 
Private companies are providing 
“public” goods: ! 
• Education! 
• Public Transport! 
• Urban Development! 
• Science! 
• Healthcare! 
• Space! 
!
Companies! 
Economic power is 
shifting towards start-ups, 
makers & SMBs.! 
! 
! 
Technology and startups 
represent largest job and GDP 
growth. ! 
! 
SMBs account for over 50% of 
both GDP and jobs. ! 
! 
Makers, including craft & 
hardware, are a $50b market.! 
!
Goods! 
Consumer preferences 
are radically changing. ! 
! 
! 
Big box brands are losing favor to 
the trends of personalization, 
craft, local, artisan, and so on.! 
! 
One category alone, local and 
organic food, is a combined $40b 
market. !
Entertainment! 
Media has completely 
changed.! 
! 
! 
Media production & consumption 
has been turned on its head: ! 
! 
Music, News, Movies, TV industries have all 
contracted in the past 20 years. ! 
! 
Yet there has never been more Music, News, 
Movies and TV available to everyone.!
! 
! 
! 
Post-war life is ending.! 
! 
! 
!
! 
! 
! 
! 
Urban Villages are rising.! 
! 
Modern cities with the communal values, practices & 
preferences of villages ! 
! 
! 
! 
!
Urban 
Economy! 
! 
! 
! 
! 
! 
Village Values!
Denser, 
community 
living ! 
Walking, 
Biking, Public 
Transport ! 
Urban 
shopping 
experiences ! 
Wired ! 
citizens and 
businesses ! 
Craft, Local 
Products ! 
Meaningful 
work ! 
Sharing, 
Lower 
consumerism ! 
Urban 
Village! 
Makers, Small 
business !
! 
! 
! 
! 
Why? ! 
! 
! 
! 
!
! 
1. Economic advantage ! 
! 
! 
Whenever a city doubles in size, every measure of economic 
activity increases by 15% per capita. ! 
Cities make us more productive, and life, often better. ! 
!
! 
2. Social instinct ! 
! 
! 
The “suburban era” only represents .001% of our time on earth.! 
! 
Humans grew up in villages, and we are instinctually drawn to ! 
communal life, practices & values.! 
! 
!
! 
! 
! 
Uncommon times:! 
! 
Post-war culture & economics! 
are ending.! 
! 
+! 
! 
3rd industrial revolution ! 
is beginning. ! 
! 
! 
!
! 
! 
! 
3rd Industrial revolution ! 
is now beginning.! 
! 
! 
!
! 
! 
! 
Engine 
driven! 
economy! 
1850’s! 
! 
! 
! 
! 
! 
! 
Electricity! 
driven! 
economy! 
1880’s! 
! 
! 
! 
! 
! 
! 
Digital 
driven! 
economy! 
1990’s! 
! 
! 
!
! 
! 
2005 ! 
! 
! 
! 
! 
2013 ! 
! 
!
! 
! 
2005 ! 
! 
! 
! 
! 
2013 ! 
! 
! 
! 
! 
Tipping point in the digital revolution ! 
! 
!
! 
! 
! 
! 
Two consequences ! 
! 
! 
! 
!
! 
! 
1. Social ! 
! 
!
! 
! 
Villages defined ! 
and constrained 
by location! 
! 
! 
! 
! 
Villages span 
geographies and 
identities ! 
! 
! 
! 
! 
200,000BC - 2005 ! 
! 
! 
! 
! 
2005 - ! 
! 
! 
! 
! 
150 ! 
! 
! 
! 
! 
150 ! 
! 
! 
! 
! 
150 ! 
! 
! 
! 
150 ! 
! 
! 
! 
! 
150 ! 
! 
!
! 
! 
2. Economic ! 
! 
!
! 
! 
1960 - 2005 ! 
! 
! 
! 
! 
2005 - ! 
! 
! 
Tectonic shift!
1960-2005! 
! 
Technology ! 
is Niche!
1960-2005! 
! 
Technology ! 
is Niche! 
Innovation hubs:! 
Silicon Valley! 
Sources of capital:! 
Sand Hill Road! 
Industries:! 
IT primary! 
Tools of production:! 
Software, servers! 
Cost/time of production:! 
Long & costly! 
Output:! 
Client side, Hardware ! 
Method of distribution:! 
Retail, Web! 
Mobile:! 
> 2B, 2G!
1960-2005! 
! 
! 
Less than 3% GDP 
globally!
2005 –! 
! 
Technology is 
Unbounded!
Sources of capital:! 
Sand Hill, Angels, P2P! 
2005 –! 
! 
Technology is 
Unbounded! 
Industries:! 
All! 
Tools of production:! 
API, Cloud, Open Source! 
Cost/time of production:! 
Short & Cheap! 
Output:! 
Software, Apps, Hardware ! 
Mobile:! 
6B, 3/4G! 
Innovation hubs:! 
Global Cities! 
Method of distribution:! 
Web, Mobile, Social!
2005 --! 
! 
! 
Unlimited impact ! 
on global GDP!
! 
! 
! 
! 
! 
Urban Villages ! 
! 
+! 
! 
3rd Industrial revolution! 
! 
=! 
! 
! 
! 
!
! 
! 
! 
! 
! 
Radical opportunity! 
! 
! 
! 
! 
!
! 
! 
Urban! 
density ! 
= ! 
Higher 
economic! 
output ! 
! 
! 
! 
! 
Village ! 
values ! 
= ! 
New 
economic! 
behaviors! 
! 
Urban! 
Economies! 
! 
! 
Village Values ! 
! 
!
! 
! 
Digital 
Ubiquity ! 
! 
! 
! 
! 
Industries 
Disrupted ! 
! 
! 
Third 
Industrial! 
Revolution!
Urban ! 
+! 
Digital! 
Revolutions! 
! 
! 
Village Values ! 
! 
!
Modern ! 
Village ! 
Economies!
Marketplace! 
! 
Crowd! 
! 
Social SaaS!
Marketplaces! 
Exchanges of goods and 
services.! 
! 
! 
Why now?! 
! 
SMBs & Makers! 
Gig Economy! 
Mobile & Web penetration! 
Sharing Economy! 
Urbanization! 
! 
! 
Village Values ! 
!
Crowd! 
Sourcing money or 
information via the crowd.! 
! 
! 
Why now?! 
! 
Mobile & Web penetration! 
SMBs & Makers! 
Financial inefficiencies! 
Global Markets ! 
! 
! 
Village Values ! 
!
Social SaaS! 
Community driven, ! 
low friction ! 
Software as a Service.! 
! 
! 
Why now?! 
! 
Cloud! 
Open Source! 
Mobile & Web penetration! 
API! 
Machine Learning! 
!! 
! 
Village Values ! 
!
! 
! 
! 
! 
Three principles for ! 
! 
Marketplaces! 
Crowd! 
Social SaaS! 
! 
In our new era ! 
! 
! 
! 
!
Mission! 
! 
Humans seek purpose 
and meaning. ! 
! 
Employees want to build 
towards mission and are 
best motivated 
intrinsically. ! 
! 
Customers are most loyal 
when they have a sense a 
of belonging. ! 
! 
!
Proprietary 
Supply ! 
! 
! 
There is near infinite 
demand on the web for 
unique & valuable 
product, services or 
information.! 
! 
If your good can be found 
elsewhere, the web is 
hyper efficient at 
surfacing alternatives. ! 
! 
!
Global 
Orientation! 
! 
! 
The world is now ! 
wired and flat.! 
! 
Customers and 
competition will come 
from every ! 
corner of the globe. ! 
! 
! 
! 
!
The Village Economy! 
! 
Terrence Rohan! 
@tmrohan! 
! 
! 
!
References! 
! 
! 
! 
! 
! 
! 
! 
! 
• http://www.theatlanticcities.com/jobs-and-economy/2012/06/why-cities-are-growing-faster-suburbs/2420/! 
• http://blogs.wsj.com/economics/2013/05/23/u-s-cities-growing-faster-than-suburbs/! 
• http://www.mckinsey.com/insights/urbanization/urban_world_cities_and_the_rise_of_the_consuming_class! 
• http://www.nytimes.com/2010/12/19/magazine/19Urban_West-t.html?pagewanted=all&_r=1&! 
• http://usa.streetsblog.org/2013/02/27/for-eighth-year-in-a-row-the-average-american-drove-fewer-miles-in-2012/! 
• http://www.nytimes.com/2014/03/10/us/use-of-public-transit-in-us-reaches-highest-level-since-1956-advocates-report. 
html! 
• http://www.businessinsider.com/shopping-malls-are-going-extinct-2014-1! 
• http://www.theguardian.com/social-enterprise-network/2014/feb/19/generation-y-millennials-job-seekers-money-financial- 
security-fulfilment! 
• http://www.forbes.com/sites/groupthink/2013/07/03/forget-the-jobs-report-focus-on-the-freelance-economy/! 
• https://www.bcgperspectives.com/content/articles/ 
media_entertainment_strategic_planning_4_2_trillion_opportunity_internet_economy_g20/#chapter1! 
• http://www.economist.com/news/leaders/21573104-internet-everything-hire-rise-sharing-economy! 
• http://www.zerohedge.com/news/2013-11-05/us-rents-rise-new-all-time-high-homeownership-rate-stuck-18-year-low 
! 
• http://www.apta.com/mediacenter/pressreleases/2013/Pages/130311_Ridership.aspx! 
• http://online.wsj.com/news/articles/SB124294047987244803! 
• http://www.oracle.com/oms/retail/wp-evolution-experience-retailing-1896570.pdf! 
• http://mobithinking.com/mobile-marketing-tools/latest-mobile-stats/a#uniquesubscribers! 
• http://en.wikipedia.org/wiki/Industrial_Revolution! 
• http://en.wikipedia.org/wiki/Second_Industrial_Revolution!
References! 
! 
! 
! 
! 
! 
! 
! 
! 
• http://www.mckinsey.com/~/media/McKinsey/dotcom/Insights%20and%20pubs/MGI/Research/Technology%20and 
%20Innovation/The%20great%20transformer/MGI_Impact_of_Internet_on_economic_growth.ashx! 
• http://money.cnn.com/2010/02/02/news/companies/napster_music_industry/!

More Related Content

What's hot

Rise of nationalism in India
Rise of nationalism in IndiaRise of nationalism in India
Rise of nationalism in IndiaRishabh Bhandari
 
Non farming activities in rural areas
Non farming activities in rural areasNon farming activities in rural areas
Non farming activities in rural areasSarfaraz Ahmad
 
Non-farming activities in rural society.pptx
Non-farming activities in rural society.pptxNon-farming activities in rural society.pptx
Non-farming activities in rural society.pptxmoutushy
 
Food security in india
Food security in indiaFood security in india
Food security in indiaHarsh Rajput
 
Rural development in india
Rural development in indiaRural development in india
Rural development in indiaVIT University
 
Village survey ppt
Village survey pptVillage survey ppt
Village survey pptRiya Khanna
 
How can the small farmer's income in India be increased?
How can the small farmer's income in India be increased?How can the small farmer's income in India be increased?
How can the small farmer's income in India be increased?Yogesh Upadhyaya
 
Gandhian model of rural development
Gandhian model of rural developmentGandhian model of rural development
Gandhian model of rural developmentBharat Badal
 
Rural Area development
Rural Area development Rural Area development
Rural Area development Waqar Ahmad
 
Gender , religion and caste
Gender , religion and casteGender , religion and caste
Gender , religion and casteIshikaKumari3
 
Rural social structure,Social change and continuity
Rural social structure,Social change and continuityRural social structure,Social change and continuity
Rural social structure,Social change and continuityRoshan Pant
 
Urbanization in India
Urbanization in IndiaUrbanization in India
Urbanization in IndiaRavi Kn
 
Food security in india
Food security in indiaFood security in india
Food security in indiaVinod Kumar
 
Village Case Study : PRA tools
Village Case Study : PRA tools Village Case Study : PRA tools
Village Case Study : PRA tools rajasekhar527
 

What's hot (20)

Rural development
Rural developmentRural development
Rural development
 
Rise of nationalism in India
Rise of nationalism in IndiaRise of nationalism in India
Rise of nationalism in India
 
Non farming activities in rural areas
Non farming activities in rural areasNon farming activities in rural areas
Non farming activities in rural areas
 
Poverty
PovertyPoverty
Poverty
 
Non-farming activities in rural society.pptx
Non-farming activities in rural society.pptxNon-farming activities in rural society.pptx
Non-farming activities in rural society.pptx
 
Food security in india
Food security in indiaFood security in india
Food security in india
 
Tribals (Sociology)
Tribals (Sociology)Tribals (Sociology)
Tribals (Sociology)
 
Rural development in india
Rural development in indiaRural development in india
Rural development in india
 
Village survey ppt
Village survey pptVillage survey ppt
Village survey ppt
 
Indian villages
Indian villagesIndian villages
Indian villages
 
How can the small farmer's income in India be increased?
How can the small farmer's income in India be increased?How can the small farmer's income in India be increased?
How can the small farmer's income in India be increased?
 
Village stay
Village stayVillage stay
Village stay
 
Village Stay
Village StayVillage Stay
Village Stay
 
Gandhian model of rural development
Gandhian model of rural developmentGandhian model of rural development
Gandhian model of rural development
 
Rural Area development
Rural Area development Rural Area development
Rural Area development
 
Gender , religion and caste
Gender , religion and casteGender , religion and caste
Gender , religion and caste
 
Rural social structure,Social change and continuity
Rural social structure,Social change and continuityRural social structure,Social change and continuity
Rural social structure,Social change and continuity
 
Urbanization in India
Urbanization in IndiaUrbanization in India
Urbanization in India
 
Food security in india
Food security in indiaFood security in india
Food security in india
 
Village Case Study : PRA tools
Village Case Study : PRA tools Village Case Study : PRA tools
Village Case Study : PRA tools
 

Similar to The Village Economy

mobileYouth trends download: The 2 Speed Handset Economy
mobileYouth trends download: The 2 Speed Handset EconomymobileYouth trends download: The 2 Speed Handset Economy
mobileYouth trends download: The 2 Speed Handset EconomyGraham Brown
 
Hackathon - part of MOBILEINNOVATIONWEEK 2010
Hackathon - part of MOBILEINNOVATIONWEEK 2010Hackathon - part of MOBILEINNOVATIONWEEK 2010
Hackathon - part of MOBILEINNOVATIONWEEK 2010The Mobile Institute
 
Sharevolution - Cartographie de l'offre et des business models de la conso co...
Sharevolution - Cartographie de l'offre et des business models de la conso co...Sharevolution - Cartographie de l'offre et des business models de la conso co...
Sharevolution - Cartographie de l'offre et des business models de la conso co...Fing
 
Adopting the Digital First approach
Adopting the Digital First approachAdopting the Digital First approach
Adopting the Digital First approachLuisella Giani
 
Electronic Payments: Building the Case for a National Initiative (54)
Electronic Payments: Building the Case for a National Initiative (54)Electronic Payments: Building the Case for a National Initiative (54)
Electronic Payments: Building the Case for a National Initiative (54)Arab Federation for Digital Economy
 
Digital Marketing to Humans: Invasions, Conflicts and Victories
Digital Marketing to Humans: Invasions, Conflicts and VictoriesDigital Marketing to Humans: Invasions, Conflicts and Victories
Digital Marketing to Humans: Invasions, Conflicts and VictoriesAliza Sherman
 
"In Real Life": Insights on Digital-Physical Experiences
"In Real Life": Insights on Digital-Physical Experiences"In Real Life": Insights on Digital-Physical Experiences
"In Real Life": Insights on Digital-Physical ExperiencesGianfranco Chicco
 
Pablo Sanchez Chillon @PabloSChillon presentation for Human Smart Cities Conf...
Pablo Sanchez Chillon @PabloSChillon presentation for Human Smart Cities Conf...Pablo Sanchez Chillon @PabloSChillon presentation for Human Smart Cities Conf...
Pablo Sanchez Chillon @PabloSChillon presentation for Human Smart Cities Conf...Pablo Sanchez Chillon
 
SXSW 2016: The Need To Knows
SXSW 2016: The Need To KnowsSXSW 2016: The Need To Knows
SXSW 2016: The Need To KnowsOgilvy Consulting
 
mobileYouth trends download: Droidettes - will teens drive Android?
mobileYouth trends download: Droidettes - will teens drive Android?mobileYouth trends download: Droidettes - will teens drive Android?
mobileYouth trends download: Droidettes - will teens drive Android?Graham Brown
 
RV 2014: Complete Streets- From Policy to Implementation by Dan Gallagher
RV 2014: Complete Streets- From Policy to Implementation by Dan GallagherRV 2014: Complete Streets- From Policy to Implementation by Dan Gallagher
RV 2014: Complete Streets- From Policy to Implementation by Dan GallagherRail~Volution
 
India digital landscape 2013-14. An Introduction to India and Digital In India.
India digital landscape 2013-14. An Introduction to India and Digital In India.India digital landscape 2013-14. An Introduction to India and Digital In India.
India digital landscape 2013-14. An Introduction to India and Digital In India.22feet Tribal WorldWide
 
The Future Starts Today
The Future Starts TodayThe Future Starts Today
The Future Starts TodayJyrki Kasvi
 
Technology, Industry, Society- Hopes and Fears
Technology, Industry, Society- Hopes and FearsTechnology, Industry, Society- Hopes and Fears
Technology, Industry, Society- Hopes and FearsSrijnan Sanyal
 

Similar to The Village Economy (20)

The Village Economy
The Village EconomyThe Village Economy
The Village Economy
 
mobileYouth trends download: The 2 Speed Handset Economy
mobileYouth trends download: The 2 Speed Handset EconomymobileYouth trends download: The 2 Speed Handset Economy
mobileYouth trends download: The 2 Speed Handset Economy
 
Styrelsekollegiet
StyrelsekollegietStyrelsekollegiet
Styrelsekollegiet
 
Hackathon - part of MOBILEINNOVATIONWEEK 2010
Hackathon - part of MOBILEINNOVATIONWEEK 2010Hackathon - part of MOBILEINNOVATIONWEEK 2010
Hackathon - part of MOBILEINNOVATIONWEEK 2010
 
Sharevolution - Cartographie de l'offre et des business models de la conso co...
Sharevolution - Cartographie de l'offre et des business models de la conso co...Sharevolution - Cartographie de l'offre et des business models de la conso co...
Sharevolution - Cartographie de l'offre et des business models de la conso co...
 
Adopting the Digital First approach
Adopting the Digital First approachAdopting the Digital First approach
Adopting the Digital First approach
 
Electronic Payments: Building the Case for a National Initiative (54)
Electronic Payments: Building the Case for a National Initiative (54)Electronic Payments: Building the Case for a National Initiative (54)
Electronic Payments: Building the Case for a National Initiative (54)
 
Common Goods
Common GoodsCommon Goods
Common Goods
 
All things connected and considered.
All things connected and considered.All things connected and considered.
All things connected and considered.
 
Digital Marketing to Humans: Invasions, Conflicts and Victories
Digital Marketing to Humans: Invasions, Conflicts and VictoriesDigital Marketing to Humans: Invasions, Conflicts and Victories
Digital Marketing to Humans: Invasions, Conflicts and Victories
 
"In Real Life": Insights on Digital-Physical Experiences
"In Real Life": Insights on Digital-Physical Experiences"In Real Life": Insights on Digital-Physical Experiences
"In Real Life": Insights on Digital-Physical Experiences
 
Pablo Sanchez Chillon @PabloSChillon presentation for Human Smart Cities Conf...
Pablo Sanchez Chillon @PabloSChillon presentation for Human Smart Cities Conf...Pablo Sanchez Chillon @PabloSChillon presentation for Human Smart Cities Conf...
Pablo Sanchez Chillon @PabloSChillon presentation for Human Smart Cities Conf...
 
SXSW 2016: The Need To Knows
SXSW 2016: The Need To KnowsSXSW 2016: The Need To Knows
SXSW 2016: The Need To Knows
 
Smart cities and the digital era
Smart cities and the digital eraSmart cities and the digital era
Smart cities and the digital era
 
mobileYouth trends download: Droidettes - will teens drive Android?
mobileYouth trends download: Droidettes - will teens drive Android?mobileYouth trends download: Droidettes - will teens drive Android?
mobileYouth trends download: Droidettes - will teens drive Android?
 
RV 2014: Complete Streets- From Policy to Implementation by Dan Gallagher
RV 2014: Complete Streets- From Policy to Implementation by Dan GallagherRV 2014: Complete Streets- From Policy to Implementation by Dan Gallagher
RV 2014: Complete Streets- From Policy to Implementation by Dan Gallagher
 
India digital landscape 2013-14. An Introduction to India and Digital In India.
India digital landscape 2013-14. An Introduction to India and Digital In India.India digital landscape 2013-14. An Introduction to India and Digital In India.
India digital landscape 2013-14. An Introduction to India and Digital In India.
 
The Future Starts Today
The Future Starts TodayThe Future Starts Today
The Future Starts Today
 
Futurology2010
Futurology2010Futurology2010
Futurology2010
 
Technology, Industry, Society- Hopes and Fears
Technology, Industry, Society- Hopes and FearsTechnology, Industry, Society- Hopes and Fears
Technology, Industry, Society- Hopes and Fears
 

Recently uploaded

The Ultimate Prompt Engineering Guide for Generative AI: Get the Most Out of ...
The Ultimate Prompt Engineering Guide for Generative AI: Get the Most Out of ...The Ultimate Prompt Engineering Guide for Generative AI: Get the Most Out of ...
The Ultimate Prompt Engineering Guide for Generative AI: Get the Most Out of ...SOFTTECHHUB
 
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024Victor Rentea
 
TEST BANK For Principles of Anatomy and Physiology, 16th Edition by Gerard J....
TEST BANK For Principles of Anatomy and Physiology, 16th Edition by Gerard J....TEST BANK For Principles of Anatomy and Physiology, 16th Edition by Gerard J....
TEST BANK For Principles of Anatomy and Physiology, 16th Edition by Gerard J....rightmanforbloodline
 
Navigating the Large Language Model choices_Ravi Daparthi
Navigating the Large Language Model choices_Ravi DaparthiNavigating the Large Language Model choices_Ravi Daparthi
Navigating the Large Language Model choices_Ravi DaparthiRaviKumarDaparthi
 
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...ScyllaDB
 
AI mind or machine power point presentation
AI mind or machine power point presentationAI mind or machine power point presentation
AI mind or machine power point presentationyogeshlabana357357
 
Working together SRE & Platform Engineering
Working together SRE & Platform EngineeringWorking together SRE & Platform Engineering
Working together SRE & Platform EngineeringMarcus Vechiato
 
Design Guidelines for Passkeys 2024.pptx
Design Guidelines for Passkeys 2024.pptxDesign Guidelines for Passkeys 2024.pptx
Design Guidelines for Passkeys 2024.pptxFIDO Alliance
 
Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...
Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...
Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...panagenda
 
Hyatt driving innovation and exceptional customer experiences with FIDO passw...
Hyatt driving innovation and exceptional customer experiences with FIDO passw...Hyatt driving innovation and exceptional customer experiences with FIDO passw...
Hyatt driving innovation and exceptional customer experiences with FIDO passw...FIDO Alliance
 
TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...
TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...
TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...TrustArc
 
CORS (Kitworks Team Study 양다윗 발표자료 240510)
CORS (Kitworks Team Study 양다윗 발표자료 240510)CORS (Kitworks Team Study 양다윗 발표자료 240510)
CORS (Kitworks Team Study 양다윗 발표자료 240510)Wonjun Hwang
 
Introduction to use of FHIR Documents in ABDM
Introduction to use of FHIR Documents in ABDMIntroduction to use of FHIR Documents in ABDM
Introduction to use of FHIR Documents in ABDMKumar Satyam
 
The Zero-ETL Approach: Enhancing Data Agility and Insight
The Zero-ETL Approach: Enhancing Data Agility and InsightThe Zero-ETL Approach: Enhancing Data Agility and Insight
The Zero-ETL Approach: Enhancing Data Agility and InsightSafe Software
 
Microsoft BitLocker Bypass Attack Method.pdf
Microsoft BitLocker Bypass Attack Method.pdfMicrosoft BitLocker Bypass Attack Method.pdf
Microsoft BitLocker Bypass Attack Method.pdfOverkill Security
 
Event-Driven Architecture Masterclass: Challenges in Stream Processing
Event-Driven Architecture Masterclass: Challenges in Stream ProcessingEvent-Driven Architecture Masterclass: Challenges in Stream Processing
Event-Driven Architecture Masterclass: Challenges in Stream ProcessingScyllaDB
 
ADP Passwordless Journey Case Study.pptx
ADP Passwordless Journey Case Study.pptxADP Passwordless Journey Case Study.pptx
ADP Passwordless Journey Case Study.pptxFIDO Alliance
 
Design and Development of a Provenance Capture Platform for Data Science
Design and Development of a Provenance Capture Platform for Data ScienceDesign and Development of a Provenance Capture Platform for Data Science
Design and Development of a Provenance Capture Platform for Data SciencePaolo Missier
 
Simplifying Mobile A11y Presentation.pptx
Simplifying Mobile A11y Presentation.pptxSimplifying Mobile A11y Presentation.pptx
Simplifying Mobile A11y Presentation.pptxMarkSteadman7
 

Recently uploaded (20)

Overview of Hyperledger Foundation
Overview of Hyperledger FoundationOverview of Hyperledger Foundation
Overview of Hyperledger Foundation
 
The Ultimate Prompt Engineering Guide for Generative AI: Get the Most Out of ...
The Ultimate Prompt Engineering Guide for Generative AI: Get the Most Out of ...The Ultimate Prompt Engineering Guide for Generative AI: Get the Most Out of ...
The Ultimate Prompt Engineering Guide for Generative AI: Get the Most Out of ...
 
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
 
TEST BANK For Principles of Anatomy and Physiology, 16th Edition by Gerard J....
TEST BANK For Principles of Anatomy and Physiology, 16th Edition by Gerard J....TEST BANK For Principles of Anatomy and Physiology, 16th Edition by Gerard J....
TEST BANK For Principles of Anatomy and Physiology, 16th Edition by Gerard J....
 
Navigating the Large Language Model choices_Ravi Daparthi
Navigating the Large Language Model choices_Ravi DaparthiNavigating the Large Language Model choices_Ravi Daparthi
Navigating the Large Language Model choices_Ravi Daparthi
 
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...
 
AI mind or machine power point presentation
AI mind or machine power point presentationAI mind or machine power point presentation
AI mind or machine power point presentation
 
Working together SRE & Platform Engineering
Working together SRE & Platform EngineeringWorking together SRE & Platform Engineering
Working together SRE & Platform Engineering
 
Design Guidelines for Passkeys 2024.pptx
Design Guidelines for Passkeys 2024.pptxDesign Guidelines for Passkeys 2024.pptx
Design Guidelines for Passkeys 2024.pptx
 
Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...
Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...
Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...
 
Hyatt driving innovation and exceptional customer experiences with FIDO passw...
Hyatt driving innovation and exceptional customer experiences with FIDO passw...Hyatt driving innovation and exceptional customer experiences with FIDO passw...
Hyatt driving innovation and exceptional customer experiences with FIDO passw...
 
TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...
TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...
TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...
 
CORS (Kitworks Team Study 양다윗 발표자료 240510)
CORS (Kitworks Team Study 양다윗 발표자료 240510)CORS (Kitworks Team Study 양다윗 발표자료 240510)
CORS (Kitworks Team Study 양다윗 발표자료 240510)
 
Introduction to use of FHIR Documents in ABDM
Introduction to use of FHIR Documents in ABDMIntroduction to use of FHIR Documents in ABDM
Introduction to use of FHIR Documents in ABDM
 
The Zero-ETL Approach: Enhancing Data Agility and Insight
The Zero-ETL Approach: Enhancing Data Agility and InsightThe Zero-ETL Approach: Enhancing Data Agility and Insight
The Zero-ETL Approach: Enhancing Data Agility and Insight
 
Microsoft BitLocker Bypass Attack Method.pdf
Microsoft BitLocker Bypass Attack Method.pdfMicrosoft BitLocker Bypass Attack Method.pdf
Microsoft BitLocker Bypass Attack Method.pdf
 
Event-Driven Architecture Masterclass: Challenges in Stream Processing
Event-Driven Architecture Masterclass: Challenges in Stream ProcessingEvent-Driven Architecture Masterclass: Challenges in Stream Processing
Event-Driven Architecture Masterclass: Challenges in Stream Processing
 
ADP Passwordless Journey Case Study.pptx
ADP Passwordless Journey Case Study.pptxADP Passwordless Journey Case Study.pptx
ADP Passwordless Journey Case Study.pptx
 
Design and Development of a Provenance Capture Platform for Data Science
Design and Development of a Provenance Capture Platform for Data ScienceDesign and Development of a Provenance Capture Platform for Data Science
Design and Development of a Provenance Capture Platform for Data Science
 
Simplifying Mobile A11y Presentation.pptx
Simplifying Mobile A11y Presentation.pptxSimplifying Mobile A11y Presentation.pptx
Simplifying Mobile A11y Presentation.pptx
 

The Village Economy

  • 1. The Village Economy! ! Terrence Rohan! @tmrohan! ! ! !
  • 2. ! ! ! Uncommon times:! ! Post-war culture & economics! are ending.! ! +! ! 3rd industrial revolution ! is beginning. ! ! ! !
  • 3. ! ! ! Post-war culture and economics ! are ending.! ! ! !
  • 4. http://www.theatlanticcities.com/jobs-and-economy/2012/06/why-cities-are-growing-faster-suburbs/2420/! http://www.mckinsey.com/insights/urbanization/us_cities_in_the_global_economy! Living! For the first time in 100 years, suburbs are dying, and cities are growing.! ! ! ! Urban life, culture and businesses are thriving.! ! Poised for global growth, cities already account for 80% of ! global GDP. ! !
  • 5. Transport! Car culture is dying. ! ! ! For the first time in 50 years, we’ve seen a steady 2.5% decline in miles driven / yr over the past 8 years. ! ! Public transport, biking, ride sharing are at the highest ridership in 60 years. ! !
  • 6. Retail! How we shop is radically changing. ! ! ! Offline, malls are dying at 10% a year; and urban experiential! retail is booming.! ! Online, e-commerce is already at 4% of GDP of the G20 ! !
  • 7. Money! Monetary systems are being re-written.! ! ! Like Naspter to music, digital currencies will upend! international systems. ! ! Peer-to-peer provides real alternatives to lending and investing. ! ! Cash is no longer king.! ! !
  • 8. http://www.nytimes.com/2013/11/10/jobs/embracing-the-millennials-mind-set-at-work.html?_r=0! http://www.forbes.com/sites/jeannemeister/2012/08/14/job-hopping-is-the-new-normal-for-millennials-three-ways-to- prevent-a-human-resource-nightmare/! Work! Work is viewed, valued and practiced differently. ! ! ! Meaning and a sense of purpose, not monetary upside, ! are the primary drivers for Gen Y in the workplace.! ! There are 42m freelancers! in the US, up from 10m in 2005. ! ! !
  • 9. Ownership! Concept of ownership is being re-defined.! ! ! Driven by Gen Y sensibilities, the sharing economy already generates $5b+ a yr. ! ! Home ownership is at 20 yr lows and renting is at all time highs. ! ! ! http://www.economist.com/news/leaders/21573104-internet-everything-hire-rise-sharing-economy!
  • 10. Services! “Sacred” public institutions are being challenged.! ! ! Private companies are providing “public” goods: ! • Education! • Public Transport! • Urban Development! • Science! • Healthcare! • Space! !
  • 11. Companies! Economic power is shifting towards start-ups, makers & SMBs.! ! ! Technology and startups represent largest job and GDP growth. ! ! SMBs account for over 50% of both GDP and jobs. ! ! Makers, including craft & hardware, are a $50b market.! !
  • 12. Goods! Consumer preferences are radically changing. ! ! ! Big box brands are losing favor to the trends of personalization, craft, local, artisan, and so on.! ! One category alone, local and organic food, is a combined $40b market. !
  • 13. Entertainment! Media has completely changed.! ! ! Media production & consumption has been turned on its head: ! ! Music, News, Movies, TV industries have all contracted in the past 20 years. ! ! Yet there has never been more Music, News, Movies and TV available to everyone.!
  • 14. ! ! ! Post-war life is ending.! ! ! !
  • 15. ! ! ! ! Urban Villages are rising.! ! Modern cities with the communal values, practices & preferences of villages ! ! ! ! !
  • 16. Urban Economy! ! ! ! ! ! Village Values!
  • 17. Denser, community living ! Walking, Biking, Public Transport ! Urban shopping experiences ! Wired ! citizens and businesses ! Craft, Local Products ! Meaningful work ! Sharing, Lower consumerism ! Urban Village! Makers, Small business !
  • 18. ! ! ! ! Why? ! ! ! ! !
  • 19. ! 1. Economic advantage ! ! ! Whenever a city doubles in size, every measure of economic activity increases by 15% per capita. ! Cities make us more productive, and life, often better. ! !
  • 20. ! 2. Social instinct ! ! ! The “suburban era” only represents .001% of our time on earth.! ! Humans grew up in villages, and we are instinctually drawn to ! communal life, practices & values.! ! !
  • 21. ! ! ! Uncommon times:! ! Post-war culture & economics! are ending.! ! +! ! 3rd industrial revolution ! is beginning. ! ! ! !
  • 22. ! ! ! 3rd Industrial revolution ! is now beginning.! ! ! !
  • 23. ! ! ! Engine driven! economy! 1850’s! ! ! ! ! ! ! Electricity! driven! economy! 1880’s! ! ! ! ! ! ! Digital driven! economy! 1990’s! ! ! !
  • 24. ! ! 2005 ! ! ! ! ! 2013 ! ! !
  • 25. ! ! 2005 ! ! ! ! ! 2013 ! ! ! ! ! Tipping point in the digital revolution ! ! !
  • 26. ! ! ! ! Two consequences ! ! ! ! !
  • 27. ! ! 1. Social ! ! !
  • 28. ! ! Villages defined ! and constrained by location! ! ! ! ! Villages span geographies and identities ! ! ! ! ! 200,000BC - 2005 ! ! ! ! ! 2005 - ! ! ! ! ! 150 ! ! ! ! ! 150 ! ! ! ! ! 150 ! ! ! ! 150 ! ! ! ! ! 150 ! ! !
  • 29. ! ! 2. Economic ! ! !
  • 30. ! ! 1960 - 2005 ! ! ! ! ! 2005 - ! ! ! Tectonic shift!
  • 31. 1960-2005! ! Technology ! is Niche!
  • 32. 1960-2005! ! Technology ! is Niche! Innovation hubs:! Silicon Valley! Sources of capital:! Sand Hill Road! Industries:! IT primary! Tools of production:! Software, servers! Cost/time of production:! Long & costly! Output:! Client side, Hardware ! Method of distribution:! Retail, Web! Mobile:! > 2B, 2G!
  • 33. 1960-2005! ! ! Less than 3% GDP globally!
  • 34. 2005 –! ! Technology is Unbounded!
  • 35. Sources of capital:! Sand Hill, Angels, P2P! 2005 –! ! Technology is Unbounded! Industries:! All! Tools of production:! API, Cloud, Open Source! Cost/time of production:! Short & Cheap! Output:! Software, Apps, Hardware ! Mobile:! 6B, 3/4G! Innovation hubs:! Global Cities! Method of distribution:! Web, Mobile, Social!
  • 36. 2005 --! ! ! Unlimited impact ! on global GDP!
  • 37. ! ! ! ! ! Urban Villages ! ! +! ! 3rd Industrial revolution! ! =! ! ! ! !
  • 38. ! ! ! ! ! Radical opportunity! ! ! ! ! !
  • 39. ! ! Urban! density ! = ! Higher economic! output ! ! ! ! ! Village ! values ! = ! New economic! behaviors! ! Urban! Economies! ! ! Village Values ! ! !
  • 40. ! ! Digital Ubiquity ! ! ! ! ! Industries Disrupted ! ! ! Third Industrial! Revolution!
  • 41. Urban ! +! Digital! Revolutions! ! ! Village Values ! ! !
  • 42. Modern ! Village ! Economies!
  • 43. Marketplace! ! Crowd! ! Social SaaS!
  • 44. Marketplaces! Exchanges of goods and services.! ! ! Why now?! ! SMBs & Makers! Gig Economy! Mobile & Web penetration! Sharing Economy! Urbanization! ! ! Village Values ! !
  • 45. Crowd! Sourcing money or information via the crowd.! ! ! Why now?! ! Mobile & Web penetration! SMBs & Makers! Financial inefficiencies! Global Markets ! ! ! Village Values ! !
  • 46. Social SaaS! Community driven, ! low friction ! Software as a Service.! ! ! Why now?! ! Cloud! Open Source! Mobile & Web penetration! API! Machine Learning! !! ! Village Values ! !
  • 47. ! ! ! ! Three principles for ! ! Marketplaces! Crowd! Social SaaS! ! In our new era ! ! ! ! !
  • 48. Mission! ! Humans seek purpose and meaning. ! ! Employees want to build towards mission and are best motivated intrinsically. ! ! Customers are most loyal when they have a sense a of belonging. ! ! !
  • 49. Proprietary Supply ! ! ! There is near infinite demand on the web for unique & valuable product, services or information.! ! If your good can be found elsewhere, the web is hyper efficient at surfacing alternatives. ! ! !
  • 50. Global Orientation! ! ! The world is now ! wired and flat.! ! Customers and competition will come from every ! corner of the globe. ! ! ! ! !
  • 51. The Village Economy! ! Terrence Rohan! @tmrohan! ! ! !
  • 52. References! ! ! ! ! ! ! ! ! • http://www.theatlanticcities.com/jobs-and-economy/2012/06/why-cities-are-growing-faster-suburbs/2420/! • http://blogs.wsj.com/economics/2013/05/23/u-s-cities-growing-faster-than-suburbs/! • http://www.mckinsey.com/insights/urbanization/urban_world_cities_and_the_rise_of_the_consuming_class! • http://www.nytimes.com/2010/12/19/magazine/19Urban_West-t.html?pagewanted=all&_r=1&! • http://usa.streetsblog.org/2013/02/27/for-eighth-year-in-a-row-the-average-american-drove-fewer-miles-in-2012/! • http://www.nytimes.com/2014/03/10/us/use-of-public-transit-in-us-reaches-highest-level-since-1956-advocates-report. html! • http://www.businessinsider.com/shopping-malls-are-going-extinct-2014-1! • http://www.theguardian.com/social-enterprise-network/2014/feb/19/generation-y-millennials-job-seekers-money-financial- security-fulfilment! • http://www.forbes.com/sites/groupthink/2013/07/03/forget-the-jobs-report-focus-on-the-freelance-economy/! • https://www.bcgperspectives.com/content/articles/ media_entertainment_strategic_planning_4_2_trillion_opportunity_internet_economy_g20/#chapter1! • http://www.economist.com/news/leaders/21573104-internet-everything-hire-rise-sharing-economy! • http://www.zerohedge.com/news/2013-11-05/us-rents-rise-new-all-time-high-homeownership-rate-stuck-18-year-low ! • http://www.apta.com/mediacenter/pressreleases/2013/Pages/130311_Ridership.aspx! • http://online.wsj.com/news/articles/SB124294047987244803! • http://www.oracle.com/oms/retail/wp-evolution-experience-retailing-1896570.pdf! • http://mobithinking.com/mobile-marketing-tools/latest-mobile-stats/a#uniquesubscribers! • http://en.wikipedia.org/wiki/Industrial_Revolution! • http://en.wikipedia.org/wiki/Second_Industrial_Revolution!
  • 53. References! ! ! ! ! ! ! ! ! • http://www.mckinsey.com/~/media/McKinsey/dotcom/Insights%20and%20pubs/MGI/Research/Technology%20and %20Innovation/The%20great%20transformer/MGI_Impact_of_Internet_on_economic_growth.ashx! • http://money.cnn.com/2010/02/02/news/companies/napster_music_industry/!