One way for the advertisers to capture your attention will be to offer a small amount of money �� a nickel or a dollar, perhaps �� if you will look at an ad. When you have watched it, or as you��re interacting with it, your electronic account gets credited and the advertiser��s electronic account is debited. In effect, some of the billions of dollars now spent annually on media advertising, and on the printing and postage of direct-mail advertising will instead be divvied up among consumers who agree to watch or read ads sent directly to them as messages �� This may sound a little strange, but it is just another use of the market mechanism for friction-free capitalism. The advertiser decides how much money it is willing to bid for your time, and you decide what your time is worth.
Predictor: Gates, Bill
Prediction, in context:In his 1995 book “The Road Ahead,” Microsoft CEO Bill Gates writes:��One way for the advertisers to capture your attention will be to offer a small amount of money �� a nickel or a dollar, perhaps �� if you will look at an ad. When you have watched it, or as you��re interacting with it, your electronic account gets credited and the advertiser��s electronic account is debited. In effect, some of the billions of dollars now spent annually on media advertising, and on the printing and postage of direct-mail advertising will instead be divvied up among consumers who agree to watch or read ads sent directly to them as messages �� This may sound a little strange, but it is just another use of the market mechanism for friction-free capitalism. The advertiser decides how much money it is willing to bid for your time, and you decide what your time is worth.��
Biography:Bill Gates, the most influential technology entrepreneur of the late 20th century, was the primary author of the prediction-packed 1995 book “The Road Ahead” and is the founder and CEO of Microsoft Corporation. (Entrepreneur/Business Leader.)
Date of prediction: January 1, 1995
Topic of prediction: Getting, Sharing Information
Subtopic: Advertising/PR
Name of publication: The Road Ahead (book)
Title, headline, chapter name: Chapter 8: Friction-Free Capitalism
Quote Type: Direct quote
Page number or URL of document at time of study:
Pages 173, 174
This data was logged into the Elon/Pew Predictions Database by: Guarino, Jennifer Anne
