Mark Cuban made his $2.3 billion fortune as an internet entrepreneur and now in a recent Portfolio.com interview, Cuban says the internet is "dead and boring".
"We have reached the point of diminishing returns with today’s internet. The speed of broadband to your home won’t increase much more in the next five years than it has in the last five years. That is not enough to work as a platform for new levels of applications that will require much, much higher levels of bandwidth."
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"We have reached the point of diminishing returns with today’s internet. The speed of broadband to your home won’t increase much more in the next five years than it has in the last five years. That is not enough to work as a platform for new levels of applications that will require much, much higher levels of bandwidth."
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What a pillock! Mark Cuban that is. Maybe I would find the Internet boring if I had that much cash. But I find it fascinating and a real journey.
Interesting comments about the slower increases in bandwidth speeds... word is that Verizon is spending BILLIONS of dollars upgrading customers to fiber optics across the US. Fiber speeds reach 30mbps (on the high side, I’m sure real-world speeds will be about 1/2 that). At 15mbps that’s still about double what you’re getting with DSL. I also recently read that Comcast has a cable modem capable of 150mbps. Can anyone really say that bandwidth will limit us in the future? Somehow I don’t think so, because if it does a new technology will simply come about. Never understimate the power of human innovation... just look at how long it took to crack the iPhone SIM :)
Methinks he lost touch when he couldn’t count his money anymore in one sitting.
Personally, I’ve never been a fan of Mr. Cuban, that union busting, egotistical, *#@%$&&
- union busting, egotistical, *#@%$&& Those are my three favorite things about him :)
Cuban wants to deliver content to the homes, but those fiber instalaltions are owned by content providers. Without open broadband, the Internet is boring for developers like Cuban. I bet it’s supremely exciting for Comcast.
All that money appears to be clouding this "visionary" sight. His may be focused on maximum money return only and in that respect perhaps the opportunities he can see have diminished. Yes, the U.S. has fallen way behind in bandwidth capacity; however, that does not mean there are no brilliant new offerings that can be made to work within our current limitations.
I’m still waiting for my cloud-based svg webtop haahaaaa He should 1) invest in china 2) build fiber to the home, invest in the future infrastructure