Saturday, January 06, 2007

Wealth will happen violently

There is something "violent" in the acquisition of YouTube by Google for $1.65 billion.

It almost boggles the mind. These two young men, in their 20s, are suddenly extremely rich. Did they actually create all that value?

Not really. (They still fully deserve their success and new wealth, of course).

The value was created by users. Indeed, every day, 65,000 videos are uploaded and there are 100 million views.

You can understand this Web 2.0 phenomenon more by reading Don Tapscott's latest book, Wikinomics.

My point is just that wealth will happen suddenly and "violently" for many entrepreneurs as well as professionals who truly understand how to use technology as well as sociology.

Take, for instance, www.yet2.com. Yes, it's mainly for companies. But you can imagine how it would work if it were an e-marketplace where professionals can exchange, trade, sell, buy ideas and knowledge from other people.

The success secret is to realize that sooner or later, a significant part of your work will involve trading and exchanging things or ideas or resources with hundreds, if not thousands, of other people.

This is what I call the Dot Pro Revolution: professionals will begin to act, on the Web, like companies, and will sell products and services just like companies. Indeed, since the Internet breaks down time and space barriers, why restrict oneself to only ONE employer?

Therefore, it's important to begin to use and learn to master tools like Linkedin. Or Google Groups. Or RSS (Really Simple Syndication). Or Newsgator.com.