Archive for June 17, 2011

Tim Carney’s Awesomeness Theory of Capitalism

I saw this when it came out and, as an aspiring entrepreneur, it really resonated with me on how entrepreneurs see the world.

For the people who really drive technology and push the world forward, it isn’t about the money (or, at least, it isn’t only about the money). The drive to “be awesome” is a powerful one… one that inspires a great deal of innovation.

I personally think that one of the great things about the internet isn’t simply access to data or information. It allows groups of people to show off their stuff to other people who care, to people who will think they are awesome. This force drives a huge amount of cool things like space tourism and genetics businesses like 23andMe . It’s also the driving force behind the DIY revolution that Johnny Chung Lee wrote about. For me, getting accolades from people I respect is bigger than a big payday. (In fact, if I somehow got a big payday in the millions of dollars, I’d probably change the trajectory of my career to a higher quotient of awesome-to-profit.)

Anyway, I keep wanting to refer to this clip, so I figured I should put it on my blog.