Entrepreneurs are naturally protective of ideas.
We prefer to own everything associated with our product
including the entire product chain and
all spin off products.
But as venture capitalist Andrew Waitman says
“as long as systems are proprietary and not inter-operable,
cost will prevent mass market adoption.”
In other words,
we simply don’t have the resources to cover the world,
to do everything.
So we cheat.
and we give away information,
gambling that these small allowances
will allow for bigger gains.
This entry was posted on Tuesday, March 25th, 2008 at 6:00 am and is filed under New Business Development. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.