Thursday, February 3, 2011
What I Learned Watching Social Network
The movie starts out talking about strategic partnerships as it relates to finals clubs. It quickly moved from being your typical movie about drunk college kids to the one of the most defining moments in the digital era. The question was when it would be approrpriate to monetize this product into something profitable through the eyes of the co-founder Eduardo. I mean I didn't see anything wrong with wanting to garner a profit off of the intial investment especially when it comes to the validity of the investment. I sympathized with Eduardo because imagine trying to explain to your parents that you have just invested 19 thousand dollars of their money into a product that has yet to yield a return because you are harnessing the idea of keeping the product exclusive.
What was amazing is the speed in which this idea shifted into overdrive, yeah I know this was a movie but it put technology into perspective as it relates to intellecutal property and capital. The truth is that technology will drive us to create in virtually light speed. Technology will indeed be a valued asset of almost all companies. I could not help but wonder how will intellectual property and copyrights will be affected by this shift I mean look how much Mark had to pay the Winklevoss twins for an idea, well 68 million dollars to be exact. Eduardo might not have been a techie but for being a financial front man he is now worth billions. So with that being said changes are in the horizons no wonder why Mark need us to be friends because he didn't seem likeable maybe that is why he was so successful.
Labels:
social network,
what I learned
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