Permissionless innovation
I’ve been listening to the Beer, Blokes, and Business podcast which is made right here in Melbourne, and on a recent episode featuring Fenn Bailey from Adioso learnt a new term – permissionless innovation. Bailey used it to describe how damn tough the travel industry was to break into and how Uber and Airbnb didn’t seek permission to innovate the transport and travel industries. They took advantage of the open nature of the Internet and created a new space that no one had seen before (and billions of dollars for investors). Permissionless innovation seems to me to be a key feature …