Call it micro-payments, social networking payments, virtual currency, or whatever you like, but speculation is heating up as to who will develop a service that addresses Web 2.0’s payment needs.
PayPal claimed this mantle for the first incarnation of the internet. As I detailed in The PayPal Wars, when Peter Thiel, Max Levchin, David Sacks, Reid [...]

Entrepreneurship is vital. I don’t think anyone would deny that. Much has been said about the importance of entrepreneurship in the economy. As the Kauffman Foundation notes on its site, “Entrepreneurs renew society by constantly looking for opportunities to make products, institutions and practices better.”
But let’s take the discussion a step beyond utilitarianism and ask [...]