Getting Older Is Gold Mine For Investors
Posted on December 10th, 2011 by MoverMike
I am so glad my creaking joints, hair loss and age spots are a boon for some venture capitalists. I would hate to have my fading years just wasted.
GigaOM has an article that describes the technology that’s coming our way to help separate us from our $3 trillion in annual disposable income.
- Technologies and services to foster “aging in place” will be huge - most older people want to stay in their homes. New technologies allow our children or care givers to monitor us in every room from remote locations.
- When tech products hit big with older Americans, it’s often by mistake - think wii and iPads and devices that monitor our habits and notify druggists, for example, that we are getting low on prescriptions and need a refill
- Target market: baby boomer care givers - technology to help baby boomers monitor their parents
- Target market: baby boomer care givers - Home delivery and check-in services, and add-ons around them, could be very big.
Society already pays a disproportionate amount of health care money on the aged, and social security is a burden on the young. I’m so happy that we can give back part of our disposable income and provide research for even more products,
Doesn’t sound like anything I’d use - though I’m sure there’ll be a market somewhere. Seems a lot like those “help, I’ve fallen and I can’t get up” blurbs.
If I’m ever that decrepit, forget it.
Max, probably more sophisticated. You’ll be able to bring up cameras on your PC and watch your elderly. For them it’ll be like living in a Big Brother house. Who wants to sit my old mum blow her nose.
In Portland, Comcast’s already advertising that sort of thing: a mother smiles at her laptop as she watches her children come home from a hard day of gangbang…er, school.
Me, I built that stuff some years ago - but not for watching grandma or the kids.
For the parent who can’t be home with her kids. Yuck!