Tomorrow I will be speaking at the 2009 edition of the Hong Kong International Computer Conference. This year’s theme is on Value Creation and Economic Transformation via IT. When they asked me to put together a session, I jumped on the idea of how Cloud Computing has changed the economics of start-ups and entrepreneurship.
I started Corzen, my last company, in 2002. We got started for around $250,000. About $75,000 of that was on building out a data center. I am a software guy, so this also took a lot of my time. In 2010, I can have more processing power, more storage, and more free time for around $99 a month from Windows Azure or Amazon EC2. Think about what this will mean, it will be much easier to start a new business in the future.
The implications of this are staggering. The late 90s was always considered the golden age of start-ups since funding was so “easy” in the .com boom. Now you can start your own business for less than $20,000! We’ll see a ton of new businesses pop up in all industries. Since you won’t need investment to get started and most entrepreneurs will use their own money, the start-ups will have tons of passion.
Innovation will take a great leap forward in the next decade. Cloud Computing will lead the way.
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The opinions expressed herein are my own personal opinions and do not represent
my employer's view in anyway.