Continue with Part 1 (Read)

… Also in the technological breakthrough era or the I 4.0 era, many traditional or classic concepts such as “talent and wealth are proportional to age”, “the prerequisite for establishing a business is have a customer and the market “or” a career is living the business dead “…and also in this current market does not seem right. Mark Zuckerberg- Facebook’s  Boss – The company now has a net worth of $ 59.4 billion – becoming billionaire at the age of 24; Evan Spiegel, the owner of Snapchat, became a billionaire at the age of 25. Bill Gates – Microsoft’s boss with net worth: $ 89.4 billion. Bill Gates is not only the richest man in the world, but this title has been associated with him since the age of 30. In particular, Elon Musk, a billionaire known as the “Expert Ironman,” has built up to four billion-dollar companies in the age of 40 – in four areas including software, energy, transportation and space. The Musk’s success has shown that we all need to learn in a variety of areas, it is possible to achieve breakthrough success. Learning and research in a wide variety of fields give you the advantage of information that most people who just focus on in a single field, can not get. Vietnam also a millionaire in the age of 29 after “one night” wake up, which is the young man Nguyen Ha Dong – Author of the online game “Flappy Bird” which is written for only 3 days and also only exist on the free database of Apple for 8 months but over 50 million people from more than 100 countries downloaded with an estimated advertising revenue of about $ 50,000 / day. Flappy bird is a phenomenon that has caused publicity and headache tax authorities in Vietnam in 2014. Moreover, also in 2014, the Victor & Albert Museum (V & A) – the largest museum in the world of technology art and design of England – home of the first industrial revolution has spent more than 100.000 Euros to bring the “Flappy bird” of Ha Dong to the museum. Star-up has made the world’s technology billionaires at a very young age – Richness does not wait ages in the I 4.0 era – just as Forbe said.

In the I 4.0 era, does Creative Startup or Start up need to define products / services and markets in advance? The answer may be no, with the Uber Model being a proof. Uber has made the business administration curriculum may need to be rewritten while the establishment of Uber business is unknown “product / service” and also “market” is unknown, but simply with smart hand phone with creative thinking, two guys in the United States, on a cold night in Paris in 2008 after the end of an international conference, could not catch the taxi to the hotel while watching a lot of cars were running, even some cars would go to the hotel they were staying. At that moment, a question  suddenly came: How to know which car might go to the hotel or at least go to the way back to the hotel, and ready to go for free or paid. The idea of direct connection to supply-demand in the field of passenger transport, bypassing intermediaries such as traditional taxi, thanks to the mobile applications, the company Uber was born seven years ago (31/5 / 2010) in San Francisco, California, United States. To date, Uber has operated in 570 cities worldwide with a net worth of more than $ 60 billion. Currently, Uber is considered the most successful start-up model in the world. Not only that, Uber is also the origin of the economy of sharing-Sharing Economy with many types of Uber-type business (Uberization) such as Airbnb, Ifixit

If telephone used to take more than 70 years to have 100 million customers,now Facebook took only 4 years, Flappy Bird took about 2 years, and Pokémon took only one month in a short life of less than three months, and after only a week of release Pokemon Go, Niantic got about $ 14 million, or $ 2 million a day. Flappy Bird or Pokemon Go is vivid proof of the “survival” of the very small but very successful “fish” that succeeded in the 4.0 environment.

The examples given above may be considered as “abnormal” phenomena in previous industrial revolutions but are “very normal” in the fourth industrial revolution or today’s I 4.0 era.

Klaus Schwab, the president of the World Economic Forum, is introducing the book “The Fourth Industrial Revolution” by his own author at WEF 46 – Figure 2.

(Part 3 will be posted to you on Friday 26 May 2017, thank you for your interest)