Innovation in America, and Silicon Valley in particular, has never waited for permission. The ease of starting companies, the low barriers to accessing capital, and (of course) the existence of an open and free internet on which anyone can build anything have all been major contributors to the vitality of Silicon Valley and the wider tech industry, which permeates nearly everyone’s daily life. The most successful companies of our time — Apple, Google, Facebook, Twitter and more — didn’t have to ask anyone for permission to innovate. They didn’t have to explain their businesses and get special licenses. They just came up with an idea and built it.
This is important.
In the opening address from the 2015 Copia Inaugural Summit, founder Mike Masnick talks about the story of abundance and the unique conditions that have made California a hub of tech innovation. Watch the video to learn more about the Copia Institute and our view on promoting innovation by focusing on openness and freedom.
This was the original launch post on Techdirt for the Copia Institute, on the first day of our 2015 Inaugural Summit.
A month ago, I gave a little preview of the news that we, the team behind Techdirt, were launching a new think tank and network of innovators called the Copia Institute. That launch is happening today, with our event in San Jose, and I wanted to just provide a short post on why we’re doing this, and why it’s so important.
The word “copia” is Latin for abundance — and over nearly two decades of following, researching and writing about the innovation industries, over and over again, we see that it’s the story of abundance. Of an abundance of information, certainly, but also of the role that abundance plays in everything that we do. Businesses, business models and government policies that were all built for a world of scarcity run into trouble when suddenly plopped into a world of abundance. And we see it happening every day. There are the obvious ones that we talk about all the time around here: music, movies, news and software. But it goes way beyond that. A switch from a world of scarcity to one of abundance is going to impact nearly every other industry as well: manufacturing, finance, healthcare, energy and education among others.