I just read the article below, which discusses a common thread amongst entrepreneurs, and that is failure. Specifically, elegant failure, and learning from it. Additionally, the article discusses how the entrepreneur in question avoids patent/Intellectual Property (IP)-specific fields for his venture capital (VC) efforts.
My thoughts about this are:
-IP/commercial privacy is a competitive advantage.
-If everything is open commercially, isn't that a dangerous precedent for individual privacy?
-This entrepreneur discusses openness due to high costs for IP licensing, so why not make IP less cost prohibitive?
http://www.bbc.co.uk/news/business-12019713
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