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Book Expo America is the large annual convention of the book publishing industry. For the past few days, thousands of people descended on the Javits Center in New York for the annual ritualistic gathering of the tribes of this 500 year old business. As regular readers know, this year I have attended the Consumer Electronic Show, the NATPE television convention and the Chicago Auto Show. Once again I found myself navigating an annual convention of a business that targets the consumer [BEA is primarily for the ‘trade’ or consumer part of the book publishing industry]. I look …
A Historic Day for Intellectual Property
April 24th, 2007
A recent column discussed the historical context for the emergence of intellectual property as the new and most important valuation of a company. While this point of view is becoming more main stream every day the current problem is that there is no liquid market that can help determine actual valuations. Corporations and individuals can easily monetize their real estate holdings, their heavy and office equipment and just about any hard asset they have. As stated in the prior column, 80% of …
Intellectual Property is the New Valuation
April 12th, 2007
In the last 10,000 years there has been three ages of humanity. The first age was the Agricultural Age which began around 8,000 B.C. when humanity stopped be nomadic and began to put down roots, literally. The advent of agriculture allowed humanity to start to build a social fabric that was placed based and that created values around land and the process of growing food.
The Agricultural Age lasted until the late 1700s, when the Industrial Age first began in Europe. With the commercial use of the new invention called the steam engine, the world started to change rapidly, with mechanized …
