I just think that history has proven his point wrong.
None of his examples - Zuckerberg, Gates, Brin or Page got rich out of creating a whole new concept - social media, OSs and search engines existed and were fairly successful things before any of those came along. They all got rich by a combination of building a better mousetrap, smart business moves and luck.
And if someone else comes along and does any of those things (or any other existing business concept) far better than any of these people, or come up with a success enough differentiator in the the same general industry sector - like Jack Dorsey et al did with Twitter for example - they may well become wildly rich as well.
Of course, the more established an industry sector is, the harder and harder it becomes to do something that is differentiating enough to allow you to become wildly rich from it. But there's countless examples across countless industries that show it's far from impossible. People still become hugely rich from innovations in banking, in retail and transport. And none of those are new industries.
I just think that history has proven his point wrong.
None of his examples - Zuckerberg, Gates, Brin or Page got rich out of creating a whole new concept - social media, OSs and search engines existed and were fairly successful things before any of those came along. They all got rich by a combination of building a better mousetrap, smart business moves and luck.
And if someone else comes along and does any of those things (or any other existing business concept) far better than any of these people, or come up with a success enough differentiator in the the same general industry sector - like Jack Dorsey et al did with Twitter for example - they may well become wildly rich as well.
Of course, the more established an industry sector is, the harder and harder it becomes to do something that is differentiating enough to allow you to become wildly rich from it. But there's countless examples across countless industries that show it's far from impossible. People still become hugely rich from innovations in banking, in retail and transport. And none of those are new industries.