From the Wired Business Conference, Disruptive by Design. Apologies for the screwed up font; it didn't look that way on stage.

1. The future of a disruptive price FREE

3. 20 th vs 21 st century economics

4. “ In a competitive market, price falls to the marginal cost.” Lesson: Round Down Joseph Bertrand, 1883

5. 1963: $1.05 $100 The Fairchild 1211 transistor 1965: $1.05 $1.05 1967: ------ $0.50 RCA tube 1211

6. Competing with Free: Microsoft 1970s:

7. Competing with Free 1980s:

8. Competing with Free 1990s :

9. Competing with Free 2000s:

10. If you can’t beat them, join them

13. Will Obama criminalize FREE?