Obama encourages Internet Startups

In an excerpt taken from Cynopsis Digital (below), it seems that President Obama is supporting legislation that could keep costs down for those hoping to launch new internet ventures. As an entrepreneur and future digital hopeful, this news is music to my ears!

I think that it is clear that the President understands the role of innovative entrepreneurs in helping to kick start the economy. By keeping entry costs relatively low for those hoping to start e-businesses there is a larger likelihood that unemployed or underutilized human capital (e.g. talented designers/programmers) will be able to launch companies that are sustainable and can create value in the market.

Furthermore, I find it even more refreshing that the President is continuing to use new media as a means to connect with the public. It seems that the internet and the digital world has created a tangible space for human interaction (although that might seem counterintuitive). It's definitely a brave new world we live in. Perhaps with the iPad and the inevitable new gadgetry that is yet to come, we may have a new system of communicating that involves video and is farther evolved than smartphones and social media. Who knows...

President Obama threw his support behind net neutrality legislation in his crowd-sourced interview on YouTube Monday. "We've got to keep the internet open - we don't want to create a bunch of gateways that prevent somebody who doesn't have a lot of money but has a good idea from being able to start their next YouTube or their next Google on the internet," he said. Users submitted over 11,000 questions and cast over 667,000 votes after the President's State of the Union address last week to YouTube's CitizenTube portal.