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Tracking the Millennials on the Future of Money

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Read our related posting on the generations (here)

The Millennials – those born between 1977-1992 now between 18-33 years of age – were born into a world that is fundamentally different from that of the Boomer Generation (born 1946-1964).  What is one of the significant differences?  Global communication and global collaboration.  And, this changes everything.

The young kids that created the computer revolution in the 1970’s and 1980’s were smart and innovative.  Ask most successful Venture Capitalists (VC’s) and they will tell you that, on a first cut, they skip much of the business plan and go to the section on management.  VC’s don’t invest in ideas; they invest in people.  And, if the idea is not quite right then the right management team will get it right.  When you pitch to a VC you are mostly pitching yourself and a team.

So, let’s think about the 1970’s and 1980’s.  No easy global communication and collaboration.  For a team to assemble the right people had to be in the right place at the right time – a sort of random walk at the whims of geography.  But what if these people could easily find each other and the reach was not limited to the same neighborhood, the same city, or perhaps the same university or college?  What if there were no limits of geography to collaboration?

This global collaboration is the advantage that the Millennials have over previous generations.  So what is the impact?  Can the innovation clock-speed multiply 10x, 50x, 100x over previous generations where team building, collaboration, and communication was limited by geography and finding other people who shared your vision, ideas, or values was mostly the result of the random walk of chance and serendipity?

So, what are the Millennials up to using this “taken for granted” global communication?  What does technology want now (read)?

Check out this video on the Future of Money and see and hear what the Millennials are thinking and the future they may be building.

What are young adults thinking about money and value? How can we create new systems of wealth generation and abundance? What does the future hold for banks and other financial institutions in the wake of massive peer-to-peer exchange?

 http://www.emergence.cc/futureofmoney

Resources:

Truly the next generation that will change the world – http://emergentbydesign.com/

Organisation for Economic Co-operation and Development (OECD)
Read – The Future of Money
https://frrl.files.wordpress.com/2011/01/oecd_thefutureofmoney.pdf

Peer-to-peer currency – Watch

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Written by frrl

January 15, 2011 at 6:32 am

Posted in Uncategorized

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