For the detailed essay by Paul Graham, go here.

As a summary, which I got from David Gurteen’s “The Gurteen Knowledge-Letter“:

  • I think the most important of the new principles business has to learn is that people work a lot harder on stuff they like.”
  • Another thing blogs and open source software have in common is that they’re often made by people working at home.”
  • The third big lesson we can learn from open source and blogging is that ideas can bubble up from the bottom, instead of flowing downfrom the top. Open source and blogging both work bottom-up: peoplemake what they want, and the best stuff prevails.”

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