Highlights from Inc.'s Live Chat Series on Innovation

Patrick Fraser
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Tim O’Reilly on Independence and Entrepreneurship

"I kind of think that professional societies are somewhat 20th Century," said Tim O'Reilly, founder of O'Reilly Media. Instead, he advocates networking online with people who share common interests. He explained his own success story in finding a business partner and starting an innovative business as a result of just following his nose. "When a programmer friend of mine got offered a technical writing job…I said, well I'll help you out: I don't know anything about computers, but I know how to write, maybe we can work together." He also talked about knowing the numbers of your business in and out, and the simplicity of starting a business with limited capital. You just need a fire in your belly, O'Reilly said. "There's sort of a magic to being an entrepreneur that I don't think many of us understand."