Back in early September, we ran a fascinating interview with Rick Davidson, former CEO and President of Century 21. In the exchange, Rick hinted at the beginnings of a real estate slowdown in the US, anticipating coastal markets would see the tide shifting first, before a more broad-based tightening took hold. Since then, ominous headlines have made waves in national publications, echoing and expanding on this outlook (you can find a particularly popular one in The Wall Street Journal).
For many, the holiday season is a special time to pause and reflect on things that are important. It is a time to celebrate, show gratitude, and practice generosity with family, friends, and co-workers. While joyful in most cases, it can also be a very busy time of year, as people travel, attend holiday parties and buy gifts online.
One of the reasons for the proliferation of technological innovation within the United States over the last several decades is due to its “lighter touch” on regulation when compared to global counterparts. Even when comparing the tech industry to other industries within the United States, the technology sector is the least regulated industry with just 27,000 federal laws verses 128,000 for the financial sector and 215,000 for manufacturing.
Last week, I had the good fortune of hearing two thought-leaders speak at separate events. One gentleman I listened to is a Corporate Vice President (CVP) at Microsoft and is leading the technology giant into its next phase of growth and development. The other gentleman was John James, a very impressive 37-year old running for US Senate in the state of Michigan.
The main buzzwords in today’s tech space are IoT (Internet of Things), Big Data, Cyber Security, Cloud Computing, Blockchain, and AI (Artificial Intelligence). While some of these terms might be unfamiliar to our readers, the various applications of these business opportunities in today’s connected world are nearly limitless. This has led to an influx of investment and interest in all of the aforementioned spaces – by individuals, Venture Capitalists (VCs), corporations, and governments alike.