> We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.
Amara's Law is a good one, esp in these circles where we have many people working on cutting edge technology. They often give up because it doesn't see adoption, and then move on to something else. Two or three cycles later, when that technology is finally gaining traction, someone takes some off the shelf components and slaps it together, profiting in ways that the original creators would have liked to have seen.
Timing is everything, and the technoseti are often _too early_. But they also underestimate how big something will get.
I am a huge Python fan, but I never expected back in 2000 that it would be as big as it is today. Never. Cloud Computing, NLP, etc. Google suffers from this immensely.