What’s It Take to Last 100 Years in the Tech Industry?

building-a-smarter-planet-logo-ibmIdentifying the secret sauce that will make a company last a generation is a dream that every entrepreneur or business leader has at one point or another. A century ago, only the most radical optimists or clairvoyant futurists would have predicted that IBM (NYSE:IBM) would become, and remain, one of the most important companies on the planet, and only the same people are likely to predict that it will be a Dow component in another 100 years.

Fortunately for us, there are a few outstanding people who are willing to speculate about which companies will be around in a century. What’s more, they’re willing to put tech companies in the ring, and back up their candidate with a succinct reason why. In this case, that person is Yuri Milner, a self-made billionaire who made it onto the Forbes Top 100 List in 2011 — and those companies are Google (NASDAQ:GOOG), Facebook (NASDAQ:FB), and Wikipedia.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Milner didn’t so much argue a point as he answered a question that came in via Twitter at SXSW this weekend. According to Bloomberg, an audience member asked, “IBM survived for 100 years, which tech company will be next and why?”

To put a broad umbrella over Milner’s reasoning: “all three have amazing network effects,” and they are are critical daily habits.

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Premium Newsletters

Stock Investor Cheat Sheet

Stock Investor Cheat Sheet®

The ultimate Cheat Sheet for finding winning stock picks.
Learn More

Gold & Silver Newsletter

Gold & Silver

Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
Learn More

Commodities Premium Newsletter

Commodities Premium

There's always a bull market in some sector! Find the best opportunities in commodities.
Learn more

ETF Investing

ETF Investing

At last, a trading system that buys the right ETFs at the right time, time after time!
Learn more

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business