(La)k(t)-märk(e)t(ill)

In network economics Craig wants to charge as little as possible, not just because he’s a crazy tech hippie but because it means no one else can enter in. That is the barrier of entry now, that he charges as little as possible. And he can do that because he had the technology that enabled him to take a 10 billion dollar market and make into a reported 100 million dollar company. And he’s in great shape. 30 employees, wonderful thing. People look at that and say: You destroyed value. No, Craig says: I left the value in the pockets of the transactors rather than those of the middle men. There’s a shift of key economic value here, that’s just happening anyway in the economy.