Navigating the Innovation Hype-Readiness Continuum
The Evolutionary Investing framework and the Technology and Industry Evolution Model I have outlined in previous white papers delineate the long and winding path of an invention and generational progress of technologies. This model may give the impression that every new technology will progress neatly through each phase of the model, that there will be smooth, if not linear, progression from one phase to the next, or that each technology or innovation will be successful. Intellectual integrity leads me to make clear that these would be incorrect takeaways and that, while the model has great utility, it also, like any mental model, has limitations. Thus, the application of the model must be applied with great care and a focused, dedicated research effort.