The PICNIC 2012 series. The Renegade Economist speaks with Tim O'Reilly, from O'Reilly Media about the emerging 'sharing economy' and his thoughts on the future shape of economics.
Tim O'Reilly is the founder and CEO of O'Reilly Media Inc.
We were delighted to be able to speak to him at the 2012 PICNIC festival. His keynote was in essence to Create more value than you capture. Build things for the love of it, and as a result jobs will emerge. Make the world a richer and fairer place... On first sight, rather idealistic or even utopian quotes, but coming from keynote speaker Tim O'Reilly they seem to make some sense.
Over the years, Tim has built a culture where sustainable innovation is a key tenet of business philosophy. His active engagement with technology communities both drives the company's product development and informs its marketing.
Before the 2008 financial crash, Tim's asserts that "If the parallels between Web 2.0 and Wall Street are correct, we can divine some of the future Web 2.0 trends by watching what's already happened on Wall Street," and begins urging web companies not to follow down the path of trading against your customers, and instead to "create more value than you capture." Tim urges web developers to "work on stuff that matters."
Tim's blog, the O'Reilly Radar
"watches the alpha geeks" to determine emerging technology trends, and serves as a platform for advocacy about issues of importance to the technical community. Tim is also a partner at O'Reilly AlphaTech Ventures
, O'Reilly's early stage venture firm, and is on the board of Safari Books Online
Watch the interview with him in the film below: