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What will happen to the garage entrepreneurs with a great ideas that aren't based on the Internet? Is there still a place for building a better widget or a personal service, spreading by word of mouth, hiring employees one at a time, and building a national market player in something other than the technology industry?

The answer is no. Not because new ideas can’t be successful, but because there is no longer time to grow up. Like it or not, all businesses are tech businesses.