Joel Liu's personal annotations on this page
Joel bookmarked
on 2008-01-02
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We see the same pattern at Amazon, which is aggressively pursuing authors for direct publishing on the kindle and seeking to displace publishers by making themselves the sole source for books on the device.
Ultimately, I think we see this pattern in the economic development of every innovation. When a new technology is introduced, there's a lot of green-field opportunity, and so much value is being created that there's no need to capture it all. But as the technology matures, the winners need to capture more of the total value being created. They gradually crowd out suppliers as well as competitors.
This link has been bookmarked by 4 people . It was first bookmarked on 29 Dec 2007, by tony curzon price.
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We see the same pattern at Amazon, which is aggressively pursuing authors for direct publishing on the kindle and seeking to displace publishers by making themselves the sole source for books on the device.
Ultimately, I think we see this pattern in the economic development of every innovation. When a new technology is introduced, there's a lot of green-field opportunity, and so much value is being created that there's no need to capture it all. But as the technology matures, the winners need to capture more of the total value being created. They gradually crowd out suppliers as well as competitors.
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Michel Bauwensonce devoted to distributing attention to others, are increasingly focused on consuming as much of the user attention as possible. What else do you make of Google's recent sally against Wikipedia, the so-called knol.
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tony curzon priceGoogle's announcement of Knol shows that they understand some of their key business drivers very well; With as much as 5% of the search result links for popular terms going to Wikipedia pages, a solution to capturing some of that traffic in an environment that Google can control and display ads on makes good business sense....
[But] Knol shares with Google Book Search the problem of being both indexed by Google and hosted by Google. This presents inherent conflicts in the ranking of content, as well as disincentives for content creators to control the environment in which their content is published. This necessarily disadvantages competing search engines, but more importantly eliminates the ability for content creators to innovate in the area of content presentation or enhancement.-
Ultimately, I think we see this pattern in the economic development of every innovation. When a new technology is introduced, there's a lot of green-field opportunity, and so much value is being created that there's no need to capture it all. But as the technology matures, the winners need to capture more of the total value being created. They gradually crowd out suppliers as well as competitors.
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In technology, this has traditionally been about bundling; When Microsoft included disk compression in their operating system, or Apple bundled widgets, the primary victims of that bundling were the independent software developers. But by bundling source materials with the tools used to discover (Google) or consume (Kindle) them, it isn't just other search engines or ebooks that suffer; It's everyone trying to participate in the marketplace of ideas.
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