VCs Jumping on the Open Strategy, Open Source Wagon
Heard about the latest "$100 million giveaway"?
This is especially meaningful if we consider the value of user-feed content. While it seems irrational for a Venture Capitalist to explain the goal of his/her very best business idea - all of these individuals are offering up millions of dollar bounties along with their very best idea...In the hopes that someone out there on this very flat world will pick up the idea, develop it for them, and both parties will benefit. As we've seen with the Web2.0 explosions of sites like YouTube, Wikipedia, Google Mashups, and Flickr, the power of a global internet user base is remarkable enough to drive entire business models forward. These VCs have decided the power of global internet users is enough to merit giving away their best ideas.
This is especially meaningful if we consider the value of user-feed content. While it seems irrational for a Venture Capitalist to explain the goal of his/her very best business idea - all of these individuals are offering up millions of dollar bounties along with their very best idea...In the hopes that someone out there on this very flat world will pick up the idea, develop it for them, and both parties will benefit. As we've seen with the Web2.0 explosions of sites like YouTube, Wikipedia, Google Mashups, and Flickr, the power of a global internet user base is remarkable enough to drive entire business models forward. These VCs have decided the power of global internet users is enough to merit giving away their best ideas.
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