Sounds obvious, right? But if that's true, why aren't we all living the wealthy venture capitalist lifestyle?
Anyway -- the most interesting thing about the piece is the historical perspective they bring to the topic at hand: storage. Looking at the cost of 3MB of storage (a handy milestone because it's the size of a typical MP3 file), here's what the numbers tell us:
The cost of 3MB of storage in:
- 1960: $150,000
- 1970: $15,000
- 1980: $600
- 1990: $30
- 2000: $.06
- 2010: $.00015
As they point out, numerous companies today offer multiple GBs of online storage at little or no cost. There's no reason why that trend won't continue: before the end of the next decade, they predict that "Web sites will offer a terabyte of more of storage free."
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While I admire their business acumen, I think that's a conservative estimate. I predict that we'll see free online storage services offering a TB or more of free storage within the next 24 months.
And so what if not all of these services stick around for the long haul. Pick two or three -- back up your data to all of them. It's just too cheap, and too easy, for a small business NOT to back up its data online these days.