Ron PalmeriMinor Ventures

San Francisco, CA United States

Competitiveness, Innovation & Economic Growth

OECD World ForumFriday June 29, 2007

Cycle of Creative Destruction

Innovation

CompetitivenessGrowth

The Internet is the Innovation

• People Self-organizing

• Death of Distance

• Free Unlimited Distribution

Global Internet Use

http://www.swivel.com/graphs/show/18527080

Open Source v. Microsoft

• Millions of Developers working together on open source software

• ~15,000 Microsoft Developer

• Unfortunately, no good data available!

Impact of Innovation on Incumbent

http://www.swivel.com/graphs/show/18612439

Venture Capital Investments

• It takes a lot less money now to start a technology company then ever before“Ebay Inc.'s $2.6 billion acquisition of Internet telephony company Skype Technologies SA stands out. With only $20 million in venture money” (http://vcinsights.blogspot.com/2006_10_01_archive.html)

• Again, unfortunately, no good data available!

Conclusion

• “Model” Broadly Applied…