Sometime in the last decade, we crossed into a fresh phase of the digital era. A new generation of companies born in the cloud—like Airbnb (lodging), Snapchat (messaging), Uber (transportation) and Zillow (real estate)—are using entirely new business models to disrupt the status quo.
Google Chairman Eric Schmidt calls this “the new digital age.” Barriers to entry are falling away as Moore’s Law drives down the cost of computing. Even the smallest businesses can now sell to the entire world.