John Doerr one of the largest legal wealth creator in the World backing innovation for decades announced today the beginning if the Third Big Wave in Computing at Disrupt Conference of TechCrunch.

John said,

I think we’re on the verge of a third great wave of innovation. The first was the microchip and the PC in the early 80s. The second wave was 1995: the Internet. Marc Andresseen brought Netscape Navigator to the world. Then Amazon came. Then in 1999 we saw the 15th search engine called “Google.” This third wave is social, mobile, new commerce. We don’t have a name for it yet. We could be on the verge of reinventing the web. It’s people, it’s places, it’s relationships. It’s exciting. These smartphones change everything. They’re always connected, always on. It’s a powerful new platform. 85 million iPhones and iPod touches – we’re there. And now we have the iPad. It took just 28 days to sell a million of them. It’s not a big iPod. It’s a new paradigm. Imagine 10 years forward.

John is well known for making his bounty by backing Innovative tech start-ups from Sun Microsystems to Google. More on Disrupt here.