Short monologue (video transcript) arguing that current trends and buzzwords in technology and business are overrated. The speaker warns that using buzzwords (SaaS, enterprise software, big data, cloud computing, education software, etc.) often signals an undifferentiated, overcrowded, and poor business idea — e.g., being the "fourth online pet food company" or the "10th thin film solar panel company" is undesirable.
The general theme I would suggest is that all trends are overrated. And if you think about current trends in technology, healthcare, IT, software, education software, overrated, SaaS, enterprise software, really overrated, big data, cloud computing, if you hear those words, you need to think fraud. You need to run away as fast as you possibly can. There's like a tell in poker that people are bluffing, that the business is not undifferentiated because the buzzwords tell you that it is one company of a category that's undifferentiated from the others in that category and therefore are symptomatic somehow of a lot of competition and a bad business idea. You don't want to be the fourth online pet food company. You don't want to be the 10th thin film solar panel company. If you can describe what a company is doing very straightforwardly by referencing these buzzwords, these categories that already exist, that's actually a sign that it's a pretty bad idea.
Remember me? Subscribe To My Channel For More Free Business Systems Content 📈
