THE BLOG
10/30/2014 04:38 pm ET Updated Dec 06, 2017

Evidence of Abundance #16: 1,000 Times Cheaper to Launch a Startup

Today, it's 1,000 times cheaper to start an Internet company than 14 years ago. That's amazing!

Today's evidence of abundance is about this plummeting cost of launching an Internet startup.

In 2000, just before the first dot-com bubble burst, it cost a whopping $5 million to launch a tech startup.

Watch what happened, though, as open source communities, cloud computing, and developer-founded companies came into vogue over the next 11 years:

As of 2011, it cost about $5,000 to launch a tech startup.

These days, the barrier of entry to entrepreneurship is even less, thanks to crowd-powered technologies like incentive competitions, crowdfunding and crowd content creation.

It's never been easier to share your ideas and passions with the world. And, as you've heard me say, it's only getting better.

P.S. Please send your friends and family to peterdiamandis.com to sign up for these blogs -- this is all about surrounding yourself with abundance-minded thinkers. If you want my personal coaching on these topics, consider joining my Abundance 360 membership program for entrepreneurs.