The invention of the Internet had a profound affect on society, the economy – and, well, the world. So what’s the “next big thing” that could have such an affect? Tim O’Reilly, founder and CEO of O’Reilly Media, says it won’t necessarily be serious tech with large amounts of venture capital behind it. Watch O’Reilly talk about why entrepreneurship should be more fun, plus why YouTube is so alluring:
“Right now, there’s this huge transformation with smart stuff and dumb stuff made with smart tools,” O’Reilly said. Also, “fun” things are starting to happen around biology and biotechnology, genetic engineering, and similar fields, while quite “remarkable” things can be seen happening at YouTube, he adds, which could “really put it on the map as the new Hollywood.”
When it comes to investing in new ideas, O’Reilly is concerned that too many companies are starting up with the goal of selling their company and exiting.
“It isn’t really profound innovation,” he said. “I would like to see more companies funded that are looking to be in business for the long haul.”
genConnect was credentialed press at the 2012 Aspen Ideas Festival in Aspen, Colo., where we interviewed the premier speakers and attendees at the conference. For more of our video interviews and articles from the Ideas Festival, click here.
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