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April 16, 2004

Why it is a great time to be an open source entrepreneur

Tony Perkins, founder of Red Herring and AlwaysOn network, delivers the second keynote of Friday morning at MySQL 2004. Tony also wrote The Internet Bubble: Inside the Overvalued World of High-Tech Stocks.

Bill Gates (Microsoft): "IT will provide over twice the productivity in the next 10 years as it did in the last 10 years."

Nobuyaki Idei (Sony): "The next wave of the Internet is going to be huge, and the companies that create products that work together will be the winners."

Tony suggests that the startup cost for an internet company was very high in the mid-90s and has dropped to a low in 2004 and will start to rise back in the next 6 years. Reason? We now understand the internet better and can do it right.

IM is a huge generational change, use IM for everything. 75% of teens use IM several times a week. Interesting list of things used; break up with someone, make new friends, do homework, discuss with teachers, cheat.

The current killer apps are broadband and wireless. Sun has 1.8 employees/desk, goal to be a 4-to-1 ratio by 2005. Accenture has 2 employees/desk, CEO has no office.

Who are the leaders of the revolution? Chiefs who set the strategy and budget, geeks who recommend and build, boosters who advise the chiefs and geeks and investors who supply the capitol.

Tony compares big media and open source media, suggesting that big media is old and that the open source media is where we're going:

OLD MEDIA -> NEW MEDIA
--------------------------------------------------------
one-way broadcast -> participatory (weblogs)
editors decide content -> readers create content
editors prioritize content -> merit driven content
anonymous readers -> socially networked readers
no cross-links bewtween brands -> blogsphere interdependent

Plug for the AO2004 Innovation Summit at Stanford. Global technology leaders, government and media leaders analyze and debate emerging technologies. Sun's new president and CEO, Jonathan Schwartz, will be moderating between several of Sun's competitors.

Posted by mike at April 16, 2004 10:01 AM

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