— Joi Ito, head of MIT’s Media Lab, speaking truths news organizations still haven’t learned.
"If you think about Google, Facebook, and Yahoo, the key thing about these new innovations is that they weren’t started in heavily resourced labs but out on the fringes. The reason that happened was because the internet is an open-sourced way of information sharing. It lowered the cost of innovation to nearly zero - just ramen and sweat. It pushed innovation from big innovators to the edges: student start-ups, etc. The whole explosion of the internet was led by small groups of people, which in turn meant that the whole nature of innovation changed as costs went down."