Recent news: National Public Radio, Forbes, combining & recombining
Posted: October 8, 2012 Filed under: Uncategorized 1 Comment »I recently appeared on National Public Radio’s On Point program to discuss startups, venture capital, and the future of the American economy. Check it out here at: http://onpoint.wbur.org/2012/10/03/the-next-big-thing
My two recent postings on Forbes:
- The difference between public equity and venture capital: http://www.forbes.com/sites/victorhwang/2012/10/01/presidential-debate-primer-whats-the-difference-between-private-equity-and-venture-capital/),
- The invisible rules that govern successful innovation ecosystems: http://www.forbes.com/sites/victorhwang/2012/09/24/the-seven-commandments-of-silicon-valley/
Also, check out this thoughtful reference to our work from Ben Farahmand recently: http://www.benfarahmand.com/2012/09/creativity-combining-and-recombining.html#!/2012/09/creativity-combining-and-recombining.html
Blog post: I loved Ben Farahmand’s and Rachel Botsman’s idea that facilitating trust within a community and making trust more accessible and known may lead to lower transactions between people that do not yet know each other. I can see the significant implications for innovation if trust could be facilitated and encouraged in communities. I wonder how big those communities could get? Could trust be facilitated over the Web? You have already observed that talent, capital, and ideas can flow through a community at a high speed. Perhaps a focus on long-term mutual gain could encourage a Web application that could facilitate trust between individuals. I wonder what the implications are for extending that idea to organizations, as well? Do organizations have higher transaction costs than individuals when dealing creatively with other organizations?