At O’Reilly, we’ve always tried to live by the slogan “Create more value than you capture.” It’s a great way to build a sustainable business and a sustainable economy.
The prevailing mentality of mainstream business has led to short term gain, but long term loss. Yet the economy depends on consumers as well as producers: as consumers are increasingly less able to find employment, we’re going to have to start thinking about how to put people to work, rather than how to put them out of work.
We need to rethink our understanding of value and rediscover idealism in business. For entrepreneurs, there’s a great opportunity to work on the hard problems that matter.
Tim has a history of convening conversations that reshape the industry. In 1998, he organized the meeting where the term “open source software” was agreed on, and helped the business world understand its importance. In 2004, with the Web 2.0 Summit, he defined how “Web 2.0” represented not only the resurgence of the web after the dot com bust, but a new model for the computer industry, based on big data, collective intelligence, and the internet as a platform. In 2009, with his “Gov 2.0 Summit,” he framed a conversation about the modernization of government technology that has shaped policy and spawned initiatives at the Federal, State, and local level, and around the world. He has now turned his attention to implications of the on-demand economy and other technologies that are transforming the nature of work and the future shape of the business world. He is the founder and CEO of O’Reilly Media and a partner at O’Reilly AlphaTech Ventures (OATV). He is also a founder and board member at Maker Media, which spun out of O’Reilly Media in 2012, and a board member at Code for America, PeerJ, Civis Analytics, and PopVox.
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