espite being coastally challenged (currently living in Philadelphia), Josh has been an active entrepreneur and investor in the Internet industry since its commercialization. In 1992, while he was a student at the Wharton School of the University of Pennsylvania, Josh co-founded Infonautics Corporation – an Internet information company. In 1996, Infonautics went public on the NASDAQ stock exchange.
Shrink a Market 2.0
Image via Wikipedia
It was almost three years ago that I first blogged about the benefits of "shrinking a market". Ironically, the example I used in that blog post was how Encarta shrunk the encyclopedia market (and basically killed Britannica and World Book). Well, we've now seen the encyclopedia market shrink again. Today Microsoft announced that they will be closing Encarta -- an apparent victim of Wikipedia.
The power of the Internet to remove friction, eliminate inefficiency, and drive innovation never ceases to amaze me!
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