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In what areas are the massive fortunes of the future going to be made?

58 pointsby Apaneover 11 years ago
Let's discuss...

46 comments

pgover 11 years ago
Always hard to predict, but one area where I'm sure there's lots of room is starting startups in industries that didn't previously have them. To use one example of many, LendUp.
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DanI-Sover 11 years ago
As a co-founder of Tiny Farms[1], we&#x27;re betting on the growing need for alternative sources of protein. Humanity&#x27;s current protein supply is inefficient, unsustainable and won&#x27;t scale to feed the future world.<p>Our particular domain is edible insects; we wrote this article about why entrepreneurs should get involved:<p><a href="http://www.xconomy.com/san-francisco/2013/09/10/5-reasons-drop-everything-start-growing-bugs/" rel="nofollow">http:&#x2F;&#x2F;www.xconomy.com&#x2F;san-francisco&#x2F;2013&#x2F;09&#x2F;10&#x2F;5-reasons-dr...</a><p>[1] <a href="http://www.tiny-farms.com" rel="nofollow">http:&#x2F;&#x2F;www.tiny-farms.com</a>
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lutuspover 11 years ago
Let&#x27;s extrapolate from present trends. More robotics and automation means people will work fewer hours but still have disposable income. Medical advances mean people will live longer, healthier lives.<p>Conclusion? There&#x27;s going to be a lot of energetic, healthy people with time on their hands -- even more than at present. So there will be many future opportunities in the areas of entertainment, computer games and travel.<p>Also, on the medical front, because psychiatry and psychology are in the midst of a historic meltdown, in the future society will increasingly look to neuroscience for guidance about the issues that psychiatrists and psychologists are mishandling right now. My favorite example showing what the possibilities may be, is the story of a severely depressed woman who didn&#x27;t respond to the available anti-depression drugs and was finally institutionalized, her life essentially over.<p>But a new procedure has come out of brain research (not mind research) called deep brain stimulation, that shows great promise for addressing depression&#x27;s cause, rather than its symptoms (the present treatment approach).<p>In this specific case, after electrodes were put in place, the neurosurgeon threw a switch that began stimulation of a location of present neurological research called &quot;area 25&quot; that seems to play a role in depression. The woman&#x27;s depression lifted instantly -- <i>instantly</i> -- something that no other treatment had been able to accomplish.<p>This is still very experimental, and the procedure is still too risky for everyday use, but if it matures and is made safe, it will revolutionize the treatment of depression. It will also accelerate the present trend away from psychiatry and psychology toward neuroscience.<p>Reference:<p><a href="http://www.nytimes.com/2006/04/02/magazine/02depression.html?pagewanted=all" rel="nofollow">http:&#x2F;&#x2F;www.nytimes.com&#x2F;2006&#x2F;04&#x2F;02&#x2F;magazine&#x2F;02depression.html...</a>
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rollo_tommasiover 11 years ago
Brain technology. Eventually &#x27;wireheading&#x27; is going to stop being science fiction and start being science fact. The people who commercialize that technology first are going to swim in oceans of money.
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colmvpover 11 years ago
Since developed countries are experiencing population aging, I would guess if someone could help women prolong their window of having healthy births.<p>I say this because if you look at the last ten years, the rate of births in the age ranges of &lt; 18, 18-35 have been decreasing while the age of women getting pregnant in the 35+ range has been increasing.<p>The birth rate of the United States is only as high as is now largely because of the immigrant population.<p>As more women in developed countries choose to have careers and go through higher education, the median age of pregnancies will continue to rise.
oracukover 11 years ago
Agriculture.<p>An aging industry, small margins for the older economic structure of small&#x2F;medium holdings, little existing use of new technologies at scale.<p>As the industry demographic shifts and as &#x27;new&#x27; technologies such as drones, robotics, remote sensing, pervasive wireless data, vat-grown meat and mixed land&#x2F;marine farming are adopted there will be a lot of money to be made feeding the world.
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coldcodeover 11 years ago
Most people won&#x27;t see it when it first appears. Eventually you&#x27;ll notice it when it&#x27;s too late.
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niels_olsonover 11 years ago
Read Asimov. It&#x27;s all there. It comes down to space travel.<p>Presumably, the ultimate propulsion will be nuclear-boiled water ejected out of a nozzle as steam. I suppose you could do something similar with other low molecular weight (stable bonds), low atomic weight (plentiful in post-stellar debris) fluids, but water&#x27;s on a sweet spot in terms of caloric density. Hydrocarbons would probably be good, so I suppose you could mine the atmospheres of the gas giants for those. Interstellar travel will involve strapping a reactor to a large iceberg lassoed from the Ort belt and accelerating for one half of the trip, then decelerating for the other half.<p>Space travel will require space mining (uranium, water, gold, titanium, lithium, etc)<p>Think of all the things involved: mining equipment, (robots) depots, transport, refueling stations, distribution. SpaceX has already shown vast industries are going to be largely robotic. But people will go to the same places as the mining, because something will always go wrong with something, and those will be the well-developed trade routes.<p>Those people will have all the same issues they have here. Governance, gambling, hepatitis, surgery. But there will be new issues as well. There will likely be founder effect: segments of humanity will venture off to planets many light years away. It will take decades to get there. How do you maintain the concept of &quot;humanity&quot; if they land on a planet with slightly more gravity, slightly colder, slightly less oxygen, so everyone becomes what we would consider a furry dwarf with an IQ of 170?<p>Synthetic genomics will be big in all sorts of ways, some related to the founder effects of space travel.<p>We will not travel faster than the speed of light and hibernation is a fiction. Our bodies just aren&#x27;t made for that. I think this is a thing people haven&#x27;t started really planning for very well. Interstellar travel is going to involve very large vessels.<p>but once we do Mars and the asteroid belt, there&#x27;s not much left in this system.
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samelawrenceover 11 years ago
Small fortunes:<p>Marijuana, online privacy, personal defense weapons, batteries, patent law.<p>Big fortunes:<p>Ocean mining, fuel and energy, long-distance wireless communications, medicines, education.
bcoatesover 11 years ago
If the rapid obsolescence cycle of chip fabs end (ie, Moore&#x27;s law ends and process nodes stop getting smaller so there&#x27;s no reason to change processes), it will kick off a golden age of ASICs and a Cambrian explosion of chip diversity and software design tool progress.<p>You can produce fully custom chips now but at any reasonable cost you have to use decade-old gate sizes making it hard to compete with general purpose parts. The lack of a busy market feeds back into itself making every step of the process more tricky and expensive than it needs to be.<p>Imagine the change from massive recording studio engineering to &#x27;a laptop with pro tools&#x27; only in silicon instead of music.
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deftnerdover 11 years ago
Package delivery using drones. A DPS (Drone Parcel Service) base truck could roll into a neighborhood and a swarm of drones would fly out with packages under a certain weight and deliver them, while the base truck delivers any packages too heavy. The drones keep informed of where the truck is so they can return (even when the truck is in motion) to recharge until the next neighborhood.<p>With county budgets being stressed and more areas considering converting paved roads to gravel roads, any kind of delivery system that can avoid roads will be a benefit.
gavingmillerover 11 years ago
Oil &amp; Gas<p>I&#x27;m with a startup called PetroFeed and we&#x27;re looking to tap into the huge potential in the industry[1]. Most startups in the O&amp;G industry are concerned with building better drilling technologies, or finding new resource pockets; leaving lots of room for companies like ours. ;)<p>[1]<a href="http://en.wikipedia.org/wiki/List_of_largest_oil_and_gas_companies_by_revenue" rel="nofollow">http:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;List_of_largest_oil_and_gas_com...</a>
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JayNeelyover 11 years ago
3d printing. I saw someone saying that 3d printers are the beginnings of replicators from Star Trek, and that really struck home for me. I think we&#x27;ll see a lot of physical goods get redesigned to be made via single-material extrusion, and 3d printers will get smarter about how to manipulate that single material (some kind of plastic) to achieve a variety of qualities (texture, strength, color, etc.).
LarryMade2over 11 years ago
Drones - Drone first responders for accidents, for emergency coverage remote telepresence assistance as well as news recording. Drones replacing photographers, meter maids, small package delivery and distribution especially stuff that bike and car couriers are doing now. Crop dusting (already happening), site inspections. I wouldn’t be surprised to see the marriage of flying drone and telepresence rolling robots where the drone lands out in your driveway folds up and rolls in the front door.<p>Everyone connected and addressed via internet. Eventually everyone personally will have an internet &quot;address&quot; that would combine voice, email etc. when you fill out forms and apply for credit, etc that will be part of your personal identification as well as the primary way to contact you.<p>Self driving long-haul delivery trucks, probably be accepted quicker than personal cars. Still will be manned initially to handle problems and to dissuade looters, or drive in hard to navigate areas.
bfitzover 11 years ago
3D Printing (a nearly infinite number of knock-on effects). Legal drugs (prohibition is once again losing its sway). Care for people who are 80+ years old. Autonomous vehicles.<p>Space travel - I&#x27;d love to predict fortunes in it, but it&#x27;s still a wildcard and a dream.
dome82over 11 years ago
Healthcare: Cancer treatments and cancer drugs for fixing cancer and improving the patient&#x27;s life. Sometimes, Chemio can be devastating.<p>Self-treatments on demand: someday, you wont need to go in a doctor office for diagnoses, medical check-ups and treatments.
pjdorrellover 11 years ago
Online educational videos.<p>99.99% of online educational videos suck. For example, watching the video is so painful that all I can think about is &quot;how do I get out of here?&quot;. (Possibly I am spoiled from watching too many popular vlogs on YouTube.)<p>The other 0.01% of online educational videos that don&#x27;t suck prove that it is possible to make such videos. The best examples I can find are RailsCasts and &quot;Math Antics&quot; (the first is for grownups, the second is aimed more at children, but I would watch something like Math Antics that had more advanced content).
aaron695over 11 years ago
Anything that is currently controlled or regulated by governments will get decentralised to the net by private enterprise.<p>Education, Medicine, Law, Jobs, Banking, Sins (Most already there), Importation (3d printers).<p>My guess.
vincieover 11 years ago
Military, mass behavioural control &amp; surveillance technology.
meeritaover 11 years ago
If I have to choose 4 things came to my mind:<p>Health, Space, Robotics and Food imho.<p>Health, to produce better treatments agaisnt sickness, cure for cancer and other applications like regenerative i guess will be the ones who will coin a lot of dollars, specially from labs.<p>Space and robotics to produce better transportation, manufacturing and other hardware potential advancements.<p>Food. The food industry will work for sure o new sintetic food, to mass produce as well to produce safe transgenic meat.
josephpmayover 11 years ago
-Food (agriculture, livestock, protein from insects, lab grown meat, etc.)<p>-Transportation (if you can find a way to decrease fuel costs)<p>-Disruptive medicine (traditional drug companies will be making less and less money, but companies that develop cheaper cures to common world-wide ailments will be extremely successful)<p>Basically, things that are necessities for living. Media&#x2F;entertainment will become an increasingly zero-sum game.
Neslitover 11 years ago
There is an increasing interest in life extension, so I think we&#x27;ll also see wide demand for an interim solution to the whole death thing. E.g. brain plastination, cryonics, sufficiently detailed brain scans... whoever makes one of these scalable and effective at preserving a person (information-theoretically) will rake in like $O(10^9).
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sharemywinover 11 years ago
Marketplaces will become more and more common. Because Customer&#x2F;Company&#x2F;Employee is much more cumbersome (legally, administrativaly) than Customer&#x2F;Maketplace(with reviews)&#x2F;Independant Contractors. Robotic automation will take more jobs because they continue to do more and more cheaper.
stretchwithmeover 11 years ago
I think robotics. We&#x27;ll eventually see robotic transportation, construction, supply chains, agriculture, and cooking.<p>Much the home will be automated, includes search and storage and cleaning. It will get smaller, lose the need for a garage, and be easier to lease out, reconfigure, move, replicate.
patflaover 11 years ago
Energy is probably the largest industry in the world - our civilization runs on abundant energy.<p>The world energy industry needs to be very substantially reworked otherwise there&#x27;s a high chance that many (most) of us (or subsequent generations) will die.<p>There are massive fossil incumbents who will be displaced.<p>I&#x27;d say energy.
Toenexover 11 years ago
Personal decision support. I simply don&#x27;t have time to search for the cheapest energy supplier&#x2F;insurance provider&#x2F;credit card&#x2F;mortgage each month but I&#x27;m sure I could be saving money. The people who can demonstrably do so on my behalf have my interest.
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ccbrandenburgover 11 years ago
I would say one of them could be in making the utility (electricity, gas, water) more user friendly. Transparency hardly exists and there are seldom interactions between companies and subscribers. Focusing on user experience in this area could be an opportunity...
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return0over 11 years ago
Artificial Wombs<p>Artificial&#x2F;in vitro food
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skadamatover 11 years ago
Space &#x2F; asteroid mining<p><a href="http://www.youtube.com/watch?v=dVzR0kzklRE" rel="nofollow">http:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=dVzR0kzklRE</a><p>&quot;Space is where the first trillionaires will be made&quot;
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woofymanover 11 years ago
Security fences Armoured cars Autonomous armed guard killer robots
t0over 11 years ago
I sometimes look here for ideas: <a href="http://www.futuretimeline.net/" rel="nofollow">http:&#x2F;&#x2F;www.futuretimeline.net&#x2F;</a>
Choronzonover 11 years ago
Healthcare Managing the automated transition of ageing populations with increasingly more automation and less budget per patient.
mcot2over 11 years ago
Electric vehicles &amp; associated infrastructure. Very high speed transportation air and ground transportation.
wildermuthnover 11 years ago
Civilian-use drones and virtual reality culminating in the functional equivalents of androids and holodecks.
lrichardsonover 11 years ago
driverless cars.<p>I think google is years ahead of everyone else here, and it will be a product that will be high price, high margin. And the market is huge.<p>I really don&#x27;t see how google could walk away from that one without gobs of cash in their pockets.
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gbogover 11 years ago
In China obviously. It is already the case.
ArekDymalskiover 11 years ago
Predictive analytics that works.
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spreover 11 years ago
nano technology, alternative energy, space travel R&amp;D
ghostdiverover 11 years ago
food production, healthcare
nickthemagicmanover 11 years ago
Medicine
n00b101over 11 years ago
software
jngover 11 years ago
A.I.
InclinedPlaneover 11 years ago
Computing and telecom are obvious. By 2050 it&#x27;s fairly likely that a majority of the entire population of the Earth will own a computer (e.g. smartphone, tablet, or pc&#x2F;laptop), which is pretty profound if you think about it.<p>Fulfillment will be a place for fortunes to be made, as it always has been. Amazon has been executing exceedingly well in this area but it&#x27;s not as though everyone else has been sitting on their ass. Over the next decades the sort of smart, high-tech, low latency fulfillment that we&#x27;ve come to associate with Amazon will be the worldwide standard anywhere and everywhere. Also look for infrastructural improvements along those lines. It used to be that people had visions of pneumatic tubes running everywhere. But consider some variations on that theme, a fully automated delivery system that could route standard sized containers across cities, continents, or maybe even the world. Maybe autonomous vehicles could play into that, but it seems as though building custom infrastructure would also provide a substantial RoI. Imagine how different the world would be if every housing structure had a 1m^3 &quot;mail box&quot; that you could receive packages in or send packages from which would immediately deliver them anywhere in the system 24&#x2F;7 without human intervention. Economics changes a lot, consumerism changes a lot, industry changes a lot, and so on.<p>Fully automated manufacturing and configurable manufacturing. These may not replace all manufacturing but they seem likely to me to become a &quot;big deal&quot;, and people will make a lot of money off them. Imagine if you could go to a web page upload a bunch of plans (3D models, wiring diagrams, etc.) and place an order for a factory to manufacture something you&#x27;ve designed. This is more than just the home manufacturing (3D printing et al) revolution, it&#x27;s something on an entirely different scale. Imagine how this sort of thing would affect the cost of production of material goods. Imagine how it would affect the iteration speed as well. And think about how it would affect the mass production society we&#x27;ve grown accustomed to. What happens when a designer can produce a batch of a few hundred or a few thousand custom designed smartphones or what-have-you? Instead of everyone buying from a small pool of mass produced goods does the market change to focus more on boutique versions of such things? Do people start buying things that are more customized in functionality? What happens when you create factories that can effectively replicate themselves?<p>Education is slated to change dramatically over the next decades. Much of the world today lives in areas where formal education is not the norm. As those areas become developed there are education opportunities other than the traditional ones, especially when you consider the widespread abundance of computing devices in the future (see above). There is a huge market for learning software, on a multi-billion dollar per year scale, but a hell of a lot of work will have to go into creating all of that software to make it effective and practical.<p>Space will be big business too but that can be a bit hard to predict. Through the 21st century the cost of launching things into space will drop by at least a factor of 10 if not a factor of 100 or more. That will cause an exponential increase in the amount of stuff and people we put in orbit which will create substantial off-Earth economic activity which will gain momentum due to positive feedback effects. By 2100 I&#x27;d expect millions of people to be living off-Earth and trillions of dollars in revenue to be involved in off-Earth commerce and industry. This starts to get really interesting when you consider what sort of potential advantages building things in space might have. Obviously it makes it easier to test spacecraft, of course, since you have access to the environment they&#x27;ll operate in right there. But there are also some other interesting aspects. Vacuum is abundant and easy to get at. As is zero-g or nearly any level of g-forces you desire. A lot of manufacturing processes would be very different if vacuum conditions were cheap and easy to get at.
nofortunatesonover 11 years ago
Broadly speaking, biology.
Kudzu_Bobover 11 years ago
Sexbots.
MarkTanamilover 11 years ago
data mining