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The pioneers of Silicon Valley’s fast culture on how to grow quickly, not recklessly

Reid Hoffman

Finally, and importantly, society is better off because Amazon makes the system for distributing books (and other products) vastly more productive, freeing up resources for other value-creating investments. If O’Reilly had that same insight in 1995, it could have been an amazing blitzscaling opportunity. Plenty of headroom there!

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Money Out of Nowhere: How Internet Marketplaces Unlock Economic Wealth

abovethecrowd.com

Unfortunately, either information asymmetry or physical distances and the resulting distribution costs can both cut against the economic advantages that would otherwise arise for all. Pierre Omidyar founded AuctionWeb in September of 1995, and its rise to fame is legendary. billion of GSV (gross services revenue) across 2.0