Transforming Resources into Assets

Resources are flecks of gold shimmering in the creek bed. Assets are blocks of gold stacked in a pyramid. Entrepreneurship is the transformation of resources into assets. 1 Let’s imagine that I inherited five one-acre parcels of land: one acre of land near Midland, Texas, another acre near Jackson Hole, Wyoming, a third acre in […]

Search and Social: The Information Oligarchy of Google and Facebook

Twenty minutes of every hour spent on the Internet in the US is spent on websites owned by four companies. It’s Stanford versus Harvard, the Cardinal versus the Crimson (both fashionably singular), graduate dropouts versus undergraduate dropouts. It’s Google and Yahoo! versus Facebook and Microsoft.  The Top 10 websites in the US (all owned by […]