Why tech matters. A new infographic from Andy McAfee of MIT; Bubbles size is company market cap. Green is tech…. Wait for 2021.
Andy: “We all know that tech companies are disrupting many industries and growing rapidly, but I think we’re still underestimating the pace and depth of the transformation. Below is a chart of America’s 50 largest companies by market cap starting in the year 2000. Each company is represented as a bubble, the size of which is proportional to its year-end market cap. The x-axis is calendar year revenue, and the y-axis is the age of the company. We see the big-company landscape dominated by GE, Exxon, Pfizer, and WalMart. Most of the (green) tech companies in this set start comparatively young.”
2000 – 2010: “Not too much change, except that GE has shrunk a lot and there are some new names in the tech cluster”
“But by 2021, America’s big-company landscape looks completely different. Young tech companies make up more than half of the total market cap of the top 50. This is one of the biggest and fastest changes we’ve seen in modern economic history.”
This is some of the material for his future book πβπ πΊπππ ππππππ£ππ.
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