Joi Ito is an investor in early stage internet projects, and he has backed some big successes including Twitter and Flickr. He thinks that about one in ten of these start-ups returns a decent amount, but the big ones - the Googles and the Yahoos - come once every five years. The trick he says, is to be in position when they arrive and his formula for doing so is a curious mix of networking, Buddhist philosophy and serendipity.
Also huffduffed as…
For many in the U.S., life without a cellphone is all but unimaginable. But if you think you’ve maxed out its utility, a look towards Japan shows your cell can do so much more. OTM producer Mark Phillips phones it in from Tokyo.