As early as 1975, Kodak built a large, machine-like digital camera in the lab, which could only take 100 x 100 pixel black and white photos.

By 1981, Sony had produced the Mavica, the first true digital camera, which, like a regular SLR, could change lenses and a sensor that could take 280,000-pixel photos.

Until 1998, though, digital cameras were bulky toys that didn't have any advantages over film cameras. But that changed this year, when Kodak and Canon teamed up to create Canon's first DSLR camera, the D2000, and Nikon launched the D1, which increased the number of pixels in digital cameras to more than 2 million.

Since this year, the sales of digital cameras have begun to increase rapidly, if in 2000, even though the sales of digital cameras have almost doubled compared to this year, but the sales of traditional cameras have not decreased much, then by 2001, the market began to shrink, in just four or five years, film cameras have almost disappeared without a trace.

Around 2005, film cameras had basically retired from the stage of history, and digital cameras dominated the world. At that time, digital cameras probably didn't think that their good days were only five or six years left, five years later, in 2010, digital camera sales reached an all-time high, and then began to fall off a cliff, only two or three years later, by 2013, sales have been less than half of 2010, and a few years later, portable digital cameras are almost eliminated by smartphones, and only those digital cameras with interchangeable lenses are active in the hands of those who have a higher quality of photos.

The changes in the mobile phone industry also reflect this change, the initial pager, later the large analog signal mobile phone, to the current digital feature phone, in a few years, Apple IPhone came out, smart phones soon replaced the feature phone, become the mainstream, basically about ten years, there will be a fundamental change. And in the development of smartphones, there are some very important technological upgrades almost every year.

"Looking at the development of electronic products, it is basically the process of digitizing everything around us......"

Bao Feiyang said: " At the beginning, the computer can only process the calculation, that is, the digital electronic, and then the text information can be stored electronically, which is the electronic text, and then the CCD appeared, the optical information can be stored digitally, and then the sound digitized, MP3 appeared, the image digitized, the digital camera appeared, the image digitized, the DVD replaced the video recorder; the communication digitization, the digital machine replaced the analog machine, the previous digitization meant that it could be stored and processed through electronic media, and now there is a network, which means that all this can be transmitted through the network……”

"Then in the future, I think there will be more digitalization and the resulting networking ......"

"We can look at the things around us that haven't been digitized, and I think they're going to be digitized sooner or later, and that's the trend of technology, and it's going to be very fast, and we have to take advantage of that," Bao said. ”

Tang Tian'er looked left and right, and looked at it again: "What you said seems to make sense, but ...... I can't see anything else around us that can be digitized!"

Bao Feiyang smiled and said: "Of course, before the advent of CCD, no one thought that the signal of light could be recorded by electronic media!"

Bao Feiyang pointed to the clothes on Tang Mi'er's body and said, "Actually, there is a trend of electronicization now. ”

Tang Mi'er looked down at the clothes on her body: "You, you won't say the clothes on my body, right?"

Bao Feiyang smiled and shook his head: "Of course, there is no way to digitize an entity like clothes, but the purchase behavior related to clothes may be electronic. ”

"Do you mean ebay?" asked Tang Mi'er with some excitement.

Founded in 1995 and renamed eBay in 1997, eBay is mainly engaged in online auction business, and at the end of 1997, the total volume of eBay commodity transactions reached nearly 100 million US dollars, with more than 300,000 registered users.

And listed on the NASDAQ in 98, the issue price of US stocks is $18, but on the day of issuance, it rose 162% to $47 US stocks, and when eBay issued new shares in seven months, its new stock issue price has been as high as $170, and in the middle of the two issuances, eBay also carried out a 1-to-3 stock split. This means that seven months later, the value of eBay's initial offering has increased thirtyfold.

At present, eBay is still the star of the NASDAQ stock market, and the scale of eBay's online transactions is also expanding rapidly, and this speed of development even makes eBay a little unable to keep up, in order to limit traffic, eBay even increased the cost of product registration, from 10 cents to 25 cents per item, and limited to 10,000 items per day.

From '98, eBay's revenue began to grow rapidly, from $47 million in '98 to $224 million in '99, and then almost doubling every year.

Bao Feiyang nodded and said: "Yes, although there are still some problems with online trading, there is no doubt that online trading will become the mainstream, maybe for a long time, online trading will not be able to completely replace offline trading, but it will soon be able to share the world with offline trading, which is a very potential investment area." ”

Bao Feiyang said: "In the future, the transaction of goods and even services may move more and more online, which will be a trend, and this trend represents countless investment opportunities!"

Tang Tianer has no objection to the prospect of online transactions, because she is a user of eBay, and there are indeed many problems with this type of transaction, but it also has something that fascinates her.

Bao Feiyang continued: "What we see and hear is digital, what we use will be networked, people's communication will be networked, and social networks like MSN, ICQ, Facebook, Twitter will also have a very good future. ”

"Our work will also be networked, e-mail has become a must-have, as well as OA software, Office software, of course, including various image processing software, financial software, system integration software, software, networking will be everywhere!"

"Including our lives, household appliances will also be networked and intelligently ......"

"Online education will become popular......"

"Eventually, AI technology will replace many of our own behaviors, such as autonomous driving, writing financial reports, and so on......"

Bao Feiyang made a look forward to the development of future science and technology, focusing on the Internet, communications, electronics, new materials and new energy.

Although the NASDAQ stock market crash is about to break out, the future of the Internet, all walks of life, all aspects will be related to the Internet, from chatting and talking in life, to work, interviews, meetings, buying a house, everything and everything is inseparable from the Internet. Whoever can use the Internet to bring convenience to life and work will be able to create new products and services and achieve success.

The success of the Internet is inseparable from the progress of hardware, the progress of electronic technology and communication technology is the key, the future of electronic chip products will continue to evolve rapidly in accordance with the law revealed by Moore's law, and the development of communication technology has allowed broadband to enter thousands of households, and the tide of mobile Internet is surging.

While the Internet is changing the world, human beings have begun to pursue sustainable development, the pursuit of harmonious development between man and nature, new energy is the field that human beings have been pursuing and most want to make breakthroughs in recent years, and this field will usher in explosive growth in the next two decades. From photovoltaic power generation, to wind power generation, nuclear power generation, and the practical application of electric vehicles, a more profound change is about to take place. This change may not be as pronounced as electronics and the Internet, but the impact is just as significant.

"Yes, compared to a few decades ago, the world has indeed changed too much, too fast!" said Old Man Tang with a smile.

In recent years, on the one hand, the Tang family has gradually concentrated its strength in the field of traditional industries, focusing on the development of petroleum, minerals, shipbuilding, shipping and high-end home furnishing industries, forming several powerful enterprises, although they are not giants in related industries, but they are in a leading position in technology and business efficiency.

On the other hand, through the cooperation with Fang Xia, the Tang family began to enter the high-tech field, and this business is basically in charge of Charlie Tang, the third generation of the Tang family. This can be said to be a big surprise to Bao Feiyang, Tang Charlie was previously studying architecture and history, and did not dare to be interested in business management, no one knows why he suddenly became interested in venture capital, and his vision is still very accurate, as early as 96 years to take over the Tang family's venture capital fund, often with sugar cube investment joint operations, investment in Silicon Valley start-ups, but also looking for opportunities in the Asia-Pacific region, has now become a well-known venture capitalist in Silicon Valley.

Charlie Tang is currently in charge of the Tang family's venture capital, and he also runs several blog sites on his own, a blog network, a Twitter network, and a friend network. Originally, Bao Feiyang proposed a plan for the development of the blog site, and let the sugar cube investment send it to the website team for implementation, but it was known by Charlie Tang, this guy was very interested in the blog network, and clamored to work for Bao Feiyang, and Bao Feiyang could only let him join the shares in the end and serve as the CEO of the blog network.

At present, these websites are not very successful, but Charlie Tang is very interested, his ability is also very strong, according to Bao Feiyang's plan, has built a blog, Weibo and acquaintance circle of friends these three forms, Bao Feiyang is not in a hurry to engage in a comprehensive product, because the emergence of Twitter and Facebook is a matter of the blog, and he is not sure if he will succeed if he launches Facebook now.

If Charlie Tang's performance in the field of Internet and venture capital surprised Bao Feiyang, then Tang Tianer's performance surprised him.