Incumbents are still with us. The old part of their commerce didn't turn into software; they just missed out on all the icy new stuff. Meanwhile,tech companies managed to upend the music industry without ever signing musicians to recording contracts -- they didn't hold to. Hence, the businesses of shaping metal or shaping actors might or might not themselves derive disrupted by software, or but everything downstream will be,and, again, or what tends to happen is that a new layer gets created on top and that new layer shapes how consumers spend money. The old doesn't go absent but it becomes less relevant. MORE
Source: a16z.com