via Fast Company by Andrew Razeghi
"While Tesla invented in isolation, Edison created out loud. He understood the value of a social network. And while Edison’s original patent application for the electric light bulb was rejected, he acquired and licensed technologies and attracted the best and brightest engineers to join him in the commercialization of his electrical lighting system.
This difference between innovating privately and innovating out loud is one of the most significant differentiators between successful innovators and those that fail. It largely explains the success of new venture accelerators, corporate new venture groups, and even academic researchers. Those with the most robust, engaged, and diverse social networks win. For example, I am a Limited Partner at the new venture accelerator Excelerate Labs in Chicago. Each summer summer, our ten portfolio companies are connected to and coached by over 150 mentors. Imagine not only the sparks of insight that are encouraged, but imagine the connections that are made. Success only happens to those who innovate out loud. Your idea is worthless if no one cares about it, but it’s worth even less if no one knows about it.”
Fantastic read. The Social Economy / Social Capital / Social Currency movement is beginning to gather steam.