Reid Hoffman on Future of Networks
Today, all this holds true. But how you achieve this competitive edge has shifted. We've entered what I call the Networked Age: an era where what you know is framed by who you know.
In the Networked Age, our friends and colleagues find and filter information that is most useful to us. Networks make it possible to engage in extremely high numbers of interactions and transactions, in part by aggregating and redistributing trust. You may not know the eBay seller who is promising you an item. But you do know that 479 other buyers in eBay's marketplace have rated that seller favourably, so you proceed with the transaction.