Here comes another bubble!
It's funny because it's true.
Ultimately I think it's all about one thing. The hype isn't misplaced, but a lot more value is created than captured. Facebook touches more people than Ford does, and, I suspect brings them more joy. But Facebook can't get at that value the way Ford does.
Google got at a tiny slice of the value they create with AdWords, and it's making them insanely wealthy.
LibraryThing also makes lot of people insanely happy. While we capture some value—it helps that our engineers are few and pay for their own beer—we're never going to capture most of the value we create.
Good, I think.
posted by Tim at 11:16 PM
5 Comments:
We're just glad you're here. And will continue to throw money your way to keep it going.
Just Sayin'.
-Survivor of too many bubbles.
Thanks for bringing the vid to light -- I do need it to share with friends.
And keep up the good work, which is deeply appreciated.
I was told that I would have my beer paid for. I've been duped.
Move to Portland, ME and I'll buy you a beer.
So, uh, Tim... I hope you're planning on sharing some of those LT Friendship Bracelets with your neighbors and friends on the Hill. Thanks for posting the excellent vid and for continuing to build LibraryThing into an edifice that respects the word "library."
--posting from St. Lawrence
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