Brad Burnham, Union Square Ventures
Chris and Malcolm are both wrong
(via fred-wilson)
Tuesday, August 11, 2009
Economics of the net
“Services are not offered for free at all. There is an exchange of value between users, the creators of the raw material - data, content, and meta-data, and the network where that data is converted into insight. This exchange is still governed by the basic laws of economics but the currency is not dollars, it’s attention.”
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