Tim O’Reilly: Stop Building, Funding, and Covering “Me Too” Products

April 22, 2014

1:38 pm

Tim O’Reilly, founder and CEO of O’Reilly Media, took to Reddit this afternoon at 1 pm ET for an AMA, answering questions from curious Redditors about the Internet of Things.

The Internet of Things refers to Internet-connected devices, sensors, and everyday objects that can send and receive data. Think of the Nest thermostat, which learns your temperature preferences and was acquired by Google in January. 

In talking about media coverage of the Internet of Things, O’Reilly made a comment on how entrepreneurs, investors, and media tend to latch onto “me too” ideas:

“We see an awful lot of me-tooism among investors and entrepreneurs as well as with media! One of the problems with herd investing and herd entrepreneurship is that people are often thinking at the same level and not taking the time to see more deeply. So my advice: take the time to draw your own map of the world.”

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Kira M. Newman is a Tech Cocktail writer interested in the harsh reality of entrepreneurship, work-life balance, and psychology. She is the founder of The Year of Happy and has been traveling around the world interviewing entrepreneurs in Asia, Europe, and North America since 2011. Follow her @kiramnewman or contact kira@tech.co.

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