Bill Gross of Idealab

Bill Gross is the founder of technology incubator Idealab and 100 companies in the last 30 years. This week he was Tweeting from the Wall Street Journal’s 2015 global technology conference held at the Montage, in Pasadena, CA.

I believe there’ll be $1 trillion of value created every 5 years, 1/2 from existing companies, 1/2 from new companies. Yuri Milner #WSJDLive

— Bill Gross (@Bill_Gross) October 21, 2015

Today, 5% of the $45 trillion in global consumer spending is driven by technology.I believe it will be 15-20% in 2050 -Yuri Milner #WSJDLive — Bill Gross (@Bill_Gross) October 21, 2015

Today, 5% of the $45 trillion in global consumer spending is driven by technology.I believe it will be 15-20% in 2050 -Yuri Milner #WSJDLive

— Bill Gross (@Bill_Gross) October 21, 2015

“15 of the top 20 apps generate all of their revenues outside of the app store.” -Michael Wolf at #WSJDLive pic.twitter.com/avvXqO9e5v — Bill Gross (@Bill_Gross) October 21, 2015

“It took a little more than a decade for mobile phones to cut wireline penetration in half.” Michael Wolf #WSJDLive pic.twitter.com/JUxC7IMN0C

— Bill Gross (@Bill_Gross) October 21, 2015

Many people are competing for video time & attention, but traditional TV still captures 72% of all viewing #WSJDLive pic.twitter.com/uxEwyV1Cf6 — Bill Gross (@Bill_Gross) October 21, 2015

“Messaging is now the fastest growing online behavior, passing social networks.” Michael Wolf at #WSJDlive pic.twitter.com/wjLe2X4J7I

— Bill Gross (@Bill_Gross) October 21, 2015

“Media concentration: 79% of time on only 5 apps, 44% on only 5 websites, 100% on only 18 channels.” –@mjw #WSJDLive pic.twitter.com/YXWyMl6SDr — Bill Gross (@Bill_Gross) October 21, 2015

“Because we multi-task, the average American has over 31 hours of activity in a day.” Michael Wolf @mjw at #WSJDLive pic.twitter.com/25VjdL9FxA

— Bill Gross (@Bill_Gross) October 21, 2015

“50% of the revenue in iOS App Store go to just top 20 developers, 66% to top 20 on Android.” Michael Wolf at #WSJDLive — Bill Gross (@Bill_Gross) October 20, 2015

I am w/Pepper the robot at #WSJDLive. It doesn’t clean or cook, but it has emotional intelligence; it’s a companion. pic.twitter.com/J1LYNNh3FA

— Bill Gross (@Bill_Gross) October 20, 2015

“In the near future, the idea of putting a 16-yr-old kid in a 5,000 pound metal machine is going to seem crazy.” Peter Diamandis @ #WSJDLive — Bill Gross (@Bill_Gross) October 20, 2015

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.

E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.