Rather, he's saying that so much growth and change is taking place in digital media that it's a great time to be in a start-up in that space. He lists the reasons:
- A big, growing market.
- Lots of "white space", i.e., unexploited niches.
- Room for geographic expansion.
- Lots of infrastructure in place
- Distracted incumbents
- Uncertain economy
If you want to read more, go to his blog -- http://blogs.mediapost.com/spin/?p=1234
The point is that entrepreneurial people and inventors tend to see the opportunities. That's what Mr. Morgan is seeing. You can too.
Please contact me with your questions or comments.