Today in Entrepreneur, Third Summit co-founder and CEO Matt Cimaglia published an expansive analysis of the forthcoming decade and what it means for the digital economy. Compared to the Wild West of the early 2000s and the explosive corporate growth of the 2010s, Cimaglia predicts that the 2020s will be a decade of regulation, formalization and organization in the digital economy.
“Silicon Valley is entering this decade from a place of intense skepticism. Numerous polls have found that a majority of Facebook users trust the platform very little, if at all. Amazon is the official boogeyman of every Democratic presidential candidate, almost all of whom lambast the company for paying zero federal taxes despite garnering more than $1 billion in profits in 2018. Google executives have spent years trying to quash internal fighting and disillusionment. Mark Zuckerberg’s infamous motto, “Move fast and break things,” has fallen swiftly out of fashion.
These are unprecedented symptoms of corporate growth, unhindered by the analog world. The solutions are inevitable: the digital economy has to get organized. Here is some of what you can expect to see in the next decade, and why entrepreneurs should pay attention.”