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Cbacosta
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I would argue the dissemination of knowledge is now so frictionless that knowledge capital has suffered a devaluation as a currency. Put simply, good ideas are a dime a dozen, execution is everything - and that depends to a large extent on who know you (fundraising, hiring, sales, etc). I also think geographic location plays a role in how frictionless knowledge dissemination can be - ideas move much more slowly, and concentrate in certain circles more, on the East Coast vs. the West Coast. Culture, the norms and practices a group of people abide by, plays a big role.
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Oct 5, 2012