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Technology is Deflationary #strategy #nocode #lowcode #startups

Name: Technology is Deflationary #strategy #nocode #lowcode #startups
Uploaded: 2024-09-08T13:00:37+00:00
Duration: 55 s
Channel: Ray Deck
Description: In this monologue, the speaker contrasts economic inflation—where money loses value over time and goods become more expensive—with the opposite trend in…

8 Sept 2024 · 1 min

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In this monologue, the speaker contrasts economic inflation—where money loses value over time and goods become more expensive—with the opposite trend in technology, where most technologies become cheaper as they mature. He argues that for builders and startups, postponing investments in new technology can reduce costs because the same work will likely be cheaper in the future. By extracting more value from existing assets today, builders not only conserve capital but also benefit from lower future implementation costs, making delayed adoption a strategic advantage.

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Technology is deflationary. There's this idea in economics of inflation, which is basically that the money that you have is literally worth less as time goes on. And as a result, like the price of, I don't know, like milk is going to become more expensive with time. That the, and that becomes an incentive for people to buy more things today than tomorrow, because today it'll be cheaper, but your money buys you more than it would be if you waited for tomorrow. This keeps the economic engine going. But in technology, it's the reverse. You're going to find that most technologies become cheaper with time. What that means for you as a builder is that you delaying an investment in technology will on average save you money in the actual completion of that particular initiative. So if you're able to get more value out of the assets you have today, that's going to pay off not only because you're not spending the money today and able to invest it, but also because the work and the cost of building or rebuilding or whatever you're thinking about doing will become cheaper tomorrow.