Richard Duvall, Founder of Zopa, talking about the new venture a week before launch at the Financial Services Club, February 2005. Blog entry http://thefinanser.co.uk/fsclub/2009/08/the-debate-continues-about-zopa.html explains all. Sadly, Richard is no longer with us. We miss him.

1. The 'Individual
Revolution‘
Richard Duvall

6. The domestication of information technology
Turning
TECHNOLOGY INSTALLATION Point DEPLOYMENT
REVOLUTION ERUPTION FRENZY GOLDEN AGE MATURITY
1st ‘Industrial
Revolution’ Canal
Panic
1797 1825
1771 mania 1819
1793 1810
2nd Age of Steam
& Railways 1836 mania
Panic
Railway 1847 1866 1873
1829 1857
Revolutions1848
1890
3rd Age of Steel, Electricity
& Heavy Engineering The “Great Argentina
1903
USA 1920
1875 Depression” (Baring) 1907
USA “Rich man’s
1893 panic”
4th Age of Oil, Automobiles
& Mass Production
1929 1930s Consumer 1960
Revolution – 1974
1920*
1920 USA stock and
1908 mania domestication of “Oil crisis”
WWII mass production
5th Age of Information
& Telecommunications
1987 1997
Asia
Individual
Revolution –
1974*
1974 1989
1971 “Oil crisis” domestication
Collapse 2000
of IT
2nd World NASDAQ
Adapted from: Carlota Perez ‘Technological Revolutions and
Financial Capital – the Dynamics of Bubbles and Golden Ages’