Wednesday, December 5th, 2007

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.

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