All the tech news this week seems to be about how Big Tech is, for better or worse, getting BIGGER. There’s the Department of Justice anti-trust case against Apple, a hail-Mary attempt by Biden’s DOJ to transform to the high-end iPhone into a lower-end Android device. There’s Microsoft’s “acquisition” of InflectionAI, orchestrated by Reid Hoffman, both a co-founder of InflectionAI and a Microsoft board member. There’s a new Saudi $40 billion AI fund. There’s Elon Musk’s Neuralink announcement of an astonishing breakthrough in brain implants. So what becomes of the little guy, the genuine innovator, in this top-down world of titanic capitalism? That Was The Week’s Keith Teare still thinks there’s hope for start-ups without billions of dollars of backing from Musk, Hoffman or some Saudi prince. I’m not sure. My sense is that Big Tech isn’t much different now from Big Pharma or Big Oil. The glory days of the tech start-up are probably over. Tech superpowers now have the economic and political power to mostly elude the state. Thus the pathetically sad attempt of the DOJ this week to try to rein in Apple.
Keith Teare is a Founder and CEO at SignalRank Corporation. Previously he was Executive Chairman at Accelerated Digital Ventures Ltd - A UK-based global investment company focused on startups at all stages. He was also previously the founder at the Palo Alto incubator, Archimedes Labs. Archimedes was the original incubator for TechCrunch and since 2011 has invested, accelerated or incubated many Silicon Valley startups including Around (sold to Miro), Millicast (Sold to Dolby), InFarm, Miles, Quixey; M.dot (sold to GoDaddy); chat.center; Loop Surveys; DownTown and Sunshine. Teare has a track record as a serial entrepreneur with big ideas and has achieved significant returns for investors.
Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children.
Episode 2009: Keith Teare on why Big Tech might be getting even BIGGER