Yammer CEO, after just a month of acquisition by Microsoft, has commented on Facebook that there aren't many ideas left in the Universe that : 1. Haven't been noticed by Big Internet companies, 2. Are capable of being proven and launched for ~ $5 million 3. Can survive the onslaught of the bigger companies once they 'understand' what you are after? There's some truth in the argument. Given the way Internet is evolving, communities are being isolated, innovation is being 'sued' by the major corporations under the name of patents infringement and so on. There's no end to human creativity; yet the law industry seems to be working to make sure only a few major corporations get the benefit. Do you think there aren't any ideas left that survive all of the above?
Quote: Everything that can be invented has been invented. Quoted in Lemon, et al., Mark (1899). "Punch's Almanack for 1899". Punch (magazine) 116 (17). (See also, Ecclesiastes 1:9 "What has been will be again, what has been done will be done again; there is nothing new under the sun.") Anecdotally misattributed to Charles H. Duell, Commisioner, US Patent Office, 1899, see "A Patently False Patent Myth by Samuel Sass in Skeptical Inquirer, Vol. 13 (Spring 1989), pg. 310-313. Endquote http://en.wikiquote.org/wiki/Invention From Biblical times it has been repeatedly maintained that "all is known'. Yet innovators go on innovating ignoring this. Ignorance is bliss.
Yes patent thing is some how affecting this... But I don't think innovation is so much down that a CEO has to admit it I just read this .. Entrepreneur brothers sell ads on toilet paper
