You’re transported back to 1994 with all your current knowledge and $50,000. Your goal is to create the world’s biggest online shopping company.
How do you go about it?
As a further thought experiment, if you travelled back to 1960 with all your current knowledge and the goal of becoming the richest person on earth, what businesses would you start?
OP asks how you create the biggest online shopping experience and everyone replies with ‘invest in Bitcoin’.
🤡s
Amazon is less a store than it is a marketplace connecting buyers and sellers and taking a piece from everyone than it is a store. What I do is build a platform and service to do the same with Service Merchandise who could have dominated the industry. Business takes 5% of every sale. 50k only works since I’m a dev and could build in India.
Ha! Right, because everyone wants to use the slowest internet in the world. AOL.
No…
Greetings, time travelers and tech dreamers! Ever wondered what you’d do if you zapped back to 1960 with a pocketful of today’s knowledge and a mind to invest? Here are my top three picks:
Internet Infrastructure: The Web Before it Was Cool: Imagine pitching the idea of a global internet in the era of rotary phones. “So, you’re telling me, we can share cat pictures with someone across the globe? Preposterous!” But that’s exactly what I’d do – invest in the building blocks of the internet. Servers, routers, and the whole shebang. Talk about laying the groundwork for future meme lords!
Electric Transport: Tesla’s Grandpa: Why wait for Elon Musk when you can be the Elon Musk of the '60s? I’d jumpstart the electric vehicle revolution way before it became mainstream. “Gasoline? How quaint. Check out these cool, silent electric cars!” Not only would we beat the rush hour, but we’d also save the planet while at it.
Biotech & Gene Editing: Playing God (Responsibly): While everyone’s still freaking out about space travel, I’d dive into biotech and gene editing. Think of creating personalized medicine before it was a hashtag. “Custom-tailored health solutions? Sounds like sci-fi, but let’s make it sci-fact.”
So, there you have it – my strategy to shake up the '60s and make a fortune while at it.I would make a hell of a presentation and pitch it to Sears. Try and get them to move their catalog online and keep their distribution network.
I have an idea for you… Is that what you are wanting? A way to better things and win? Are you even reading these posts anymore with this many comments?
You’re inviting a whole “butterfly effect / stream of time” debate that for argument’s sake your actions don’t ripple the fabric of time and change the future.
I would not try to create a new software company and compete against the giants as that even with the “biff from B2TF” god-knowledge would not save you from the day to day grind of having to run a company which requires massive time $ and energy commitment.
I would exploit the hell out of early technologies at their peak profit-value ratio. Reverse engineer the Gary Vee school of thought on “attention economy” and put $ into the platforms early when the value/eyeballs ratio is good and then transition to every platform.
Outside of exploiting knowledge of the future it would make sense to take that money and invest in the growing trends. If I could earn enough money I would try to do venture capital angel funds for ideas that were profitable longterm.
That said I fear that all of my decisions would alter the fabric of spacetime and start ww3. So in reality I would dump it all into stock and live quietly in the woods.