Switchpod

PB Article

The son of a long time friend from work and fishing started up a Podcasting company on his own at age 15 and sold it this summer for $200K in stock and a $40K a year part-time salary to continue working on it. Small part of the opportunity in the new economy that gets not a whole lot of media attention. Note that while his monetary gain is much greater than other teens, he didn't "take anything away" from other teens working at local burger joints or stocking shelves. The value he created is new value, value that didn't exist prior to the innovation of creation of the company. While the left tends to look at all business as a "zero sum game" where when one succeeds, others are forced to fail, MOST of the modern information economy is not this way. New value is created and the entire market rises with the addition of the new value. The left will of course lament that the value creator usually benefits the most, but being on the left means that it is very hard to be happy about anyone doing well, because you have allowed envy to become your dominant thought vs appreciation for the success of others.