How A Company Can Survive The Internet Boom, the Dot Com Crash AND the AI Revolution
What did the companies that survived the internet boom and the dot com crash have in common?
And furthermore…
With those characteristics in mind, what does that look like for the companies currently in this AI revolution?
Well, I did some research so you didn’t have to 👇
1) Infrastructure over hype
Companies like Amazon, Google, Cisco, Microsoft
They basically built the foundation for the internet instead of riding the consumer hype
IDEA - Some kind of B2B hosting service that helps start ups integrate and optimize AI
2) Platform and Ecosystem
Companies like Apple, Google, FB, Shopify
They built ecosystems where OTHERS could create value.
IDEA - No code or low code platforms like @Replit.Or AI market places similar to app sumo.
3) Real Business Problems
Salesforce, PayPal, LinkedIn
They focused on actual pain points not just entertainment.
IDEA - AI powered due diligence for PE to reduce time spent going through data
4) Sticky Subscriptions
Netflix, Adobe, Amazon Prime
They locked in users instead of just a one time payment
IDEA - AI financial coach. Monitors your spending, suggests investments, optimizes cash flow, etc. All in a monthly subscription model
5) Leveraging User Data
Google, FB, Amazon
They were able to collect so much data that they had a massive advantage in what users actually want
IDEA - personalized AI deal finder for acquiring business. Using your preferences and search history to suggest target markets and deals
6) Monetization and content
YouTube, IG, Twitter
These companies capitalized on content generated by the users
IDEA - a TikTok like AI driven platform for finance education that creates content based on your preferences and knowledge gaps.
That was a ton! But I hope this gives you a better idea of what has already worked and what will probably work again.